Is there a con to FD backed credit cards?

[Fast_Highlight_2050]

Same as the title,


I have a hdfc moneyback+ card with 50000 unsecured, that i was able to somehow get last year without any income. I have spent about 4.68L since last april on it, including this month's statement.

I don't really care about the utilisation and utilise it to the max almost always, so my cibil fluctuates, it's 763 right now. Now, i particularly don't care about the cibil because I won't ever need it.

I'm planning to get a IDFC wow card (Decided already) with a 2l limit/FD. Apart from the capital lock, which isn't really a big amount to me. I will also close my hdfc card because the limit is so miniscule.

Are there any other cons of fd backed cards that are worth knowing or is there none?

I also don't care about credit card rewards or lounges. I used a lounge once plaza premium t3 intl. new delhi, it wasn't worth it and was so noisy. I avoid lounges.

 

[Love-Nocturne]

I have been using an FD card for years; the only con is that FD is linked to credit card, so I can't release FD until I close the card. But i guess you can always link a lower amount fd and release the first fd.

 

[Fast_Highlight_2050]

I have been using an FD card for years; the only con is that FD is linked to credit card, so I can't release FD until I close the card. But i guess you can always link a lower amount fd and release the first fd.

Thanks for confirming. I don't care about the FD amount so when I release it that'd mean I'll close the card for good.

A lot of my payments are in CNY/HKD and a few are in USD as well so the zero forex looked tempting to me, I'm also opening an account in IDFC so just makes everything simpler (Same card/Same bank). The cards of the big banks are the most uninteresting to me particularly because I don't care about the rewards/benefits/points.