Suryoday Small Finance bank (SSFB) has launched a secured credit card that makes credit access easier for people who often get rejected for traditional cards.
What makes it special? 👉 Cashback on every spend, zero annual fees, no hidden charges, and higher FD interest.
Key Benefits
- Cashback: 0.5% on all purchases (up to Rs 3,000 per billing cycle).
- Zero annual/joining fee: No hidden charges at all.
- Instant virtual card: Start using immediately without waiting for the physical card.
- UPI-enabled: Can be linked with BHIM/UPI apps for seamless wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payments.
Two Variants Available
Suryoday SFB RuPay Platinum Credit Card
Backed by FD as low as Rs 1,000.
Ideal for beginners.
Suryoday SFB RuPay Select Credit Card
Requires FD of Rs 1,11,500.
Higher credit limit and premium features.
FD-Linked Credit Limit
- Credit limit depends on your FD amount.
- Flexible repayment:
- Pay 10% minimum due OR
- Clear full bill in 30 days to avoid interest.
- FD earns up to 8.40% interest (higher than most banks offering 6.5–7.5%).
Who Should Consider This Card?
- ✅ First-time users with no credit history.
- ✅ Retirees or people denied unsecured credit cards.
- ✅ Anyone looking for a transparent, beginner-friendly credit card with no hidden costs.
Why It Matters
- India had 111 million credit cards in circulation as of May 2025.
- With this FD-backed model, SSFB hopes to increase credit card penetration among people with limited or no access to traditional credit.
- Cardholders also build their credit score over time, opening doors to better financial products later.
Bottom Line: SSFB’s new secured credit card combines savings + credit access + cashback, making it a smart entry card for beginners, retirees, and cautious spenders.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
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