Using Your Savings to Unlock a Credit Line: How It Works
New Delhi [India], May 30: If you seek access to credit and are concerned about eligibility, your savings can ease the pressure. The money you’ve already set aside in your fixed deposit can help you unlock a credit line. You can use it as a backup for getting a credit card. Meanwhile, your savings continue to earn interest. Learn how this works in this detailed article.Benefits of Using Savings to Access CreditTapping into the potential of your savings with an FD-backed credit card leads to the following advantages:Ease of building credit: An FD-backed credit card is a great place to start your credit-building journey. The application process is simplified and ideal for beginners.Dual use of savings: Your savings can do more when you avail of credit. Your FD continues earn...










