Thinking of applying for a credit card but worried that you won’t get one probably because you have a low or no credit score. Then you don’t have to worry about this because credit card issuers introduced a complete chain of secured credit cards to meet this requirement.

Now the question is What are secured credit cards and how are they different from other credit cards? Secured Credit Cards are issued against the fixed deposit. You need to maintain a fixed deposit for a certain period with the bank in order to become eligible to get a credit card.

 Fixed deposits act as collateral, saving the credit card issuers from the loss in case the cardholder defaults on the payment of credit card bills. Some of the famous secured credit cards are SBI SimplyClick Credit Card, SBI SimplySave Credit Card, ICICI Bank Coral Credit Card, and the list goes on.

You can check the complete list on

 https://cardinsider.com/best-secured-credit-cards-in-india/.