My Credit Card Experience
Friends, you can see here that I currently have 10 to 15 such credit cards, whose overall limit would be between ₹10 lakh and ₹15 lakh.
Now, friends, I explain in every video how to apply for this credit card. There are SBI, HDFC, and multiple other such cards. But in my comments, many people say their credit card applications get rejected.
The reason is simple: if your CIBIL score is very low, no matter what process you follow, your card will be rejected. To get a card, your CIBIL must be in good standing.
Starting with FD Credit Cards
If I were to describe my journey, I first created an FD card. If your CIBIL is not increasing, an FD card may be the best option.
I also created a One Card credit card, and after using it for six months with transactions of around ₹5,000, my limit increased to ₹10,000–₹12,000.
At that time, OneCard was a major player in the FD market, offering FD-based cards. However, it doesn’t provide many welcome benefits now.
The best FD credit card today is the Novo Credit Card. It provides:
- A ₹5,000 credit limit
- Welcome benefits worth ₹5,000
- Instant approval with no income proof or credit score required
Novo Credit Card Highlights
| Feature | Details |
|---|---|
| Eligibility | No income proof, no CIBIL score required |
| Type | FD-backed Credit Card |
| FD Requirement | Minimum ₹5,000 FD |
| Card Network | Rupay (works on PhonePe & Google Pay) |
| Annual Fee | Free for life |
| Interest on FD | 7% per annum |
| Virtual Card | Generated instantly |
Benefits of Novo Credit Card
- If you make an FD of ₹5,000, you get a Rupay card instantly.
- FD can be withdrawn anytime using UPI Scan & Pay, absolutely free.
- Earn 10x reward points on spends.
- Higher interest rate (7% p.a.) compared to other FD cards (usually 6%).
- Virtual card is available immediately after application.
Welcome Benefits Worth ₹5,000
- Spend ₹2,000 in the first 30 days → Get vouchers worth ₹1,500.
- Discounts:
- ₹100 HPCL fuel voucher
- ₹1,500 NYSE voucher
- ₹400 off on trendy footwear
- ₹500 discount on The Man
- ₹400 discount on Wow Skincare
- 50% off on medicines
- 10% off on flights, 20% off on buses
- Free subscriptions:
- 1-month access to 20 OTT apps
- Pocket FM subscription
- BookMyShow offer: Buy 1 ticket, get 1 free every month.
FD Safety and Security
| Point | Details |
|---|---|
| Approval | DICGC approved |
| FD Safety | Up to ₹5 lakh insured |
| Guarantee | Government-backed protection |
So, your FD money is completely safe. Even if anything happens to the company, the government guarantees up to ₹5 lakh.
Step-by-Step Process to Apply
- Download the Novo Credit Card app from Play Store or App Store.
- Enter your mobile number → Get OTP.
- Enter your name as per PAN card → Continue.
- Verify your email and mobile number.
- Enter PAN details, date of birth, and Aadhaar number.
- Complete Aadhaar OTP verification.
- Deposit FD (₹5,000 minimum).
- Enter bank details correctly (only your own account).
- Complete payment via PhonePe/Google Pay.
- Do video KYC with your PAN card and signature.
After successful verification, your virtual card is generated instantly. Physical card will arrive at your address in 4–5 days.
Using the Card and Building CIBIL
- Make a transaction of at least ₹2,000 within 30 days to unlock welcome benefits.
- Use the card regularly for 4–5 months → Your CIBIL will start improving.
- Always pay bills on time to build a strong credit profile.
- Use only 35% of your FD limit to keep your credit health strong.
Final Words
Friends, this was the complete guide to the Novo FD Credit Card. It’s free for life, provides high rewards, welcome benefits, and most importantly, helps you build your CIBIL score safely.
If you have any doubts or confusion, feel free to ask in the comments. See you with more interesting content soon.
