What is the minimum Fixed Deposit required for Equitas Selfe?

You can open a Fixed Deposit starting at ₹20,000 to obtain the Equitas Selfe secured credit card with an instant credit limit.

Does the Equitas Selfe card charge an annual renewal fee?

No. The Equitas Selfe Credit Card is Lifetime Free with zero annual or renewal maintenance fees.

What happens to my Fixed Deposit if I default on Equitas Selfe?

If credit card dues remain unpaid past the due date, the bank may adjust the outstanding amount against your linked Fixed Deposit principal and interest.

Can students or freelancers get the Equitas Selfe Credit Card?

Yes. Because it is backed by a Fixed Deposit (starting at ₹20,000), no income proof (salary slips or ITR) is required, making it accessible to students and freelancers.

Equitas Selfe Credit Card Review (2026): Fees, Rewards, Lounge & Eligibility

Researched & Fact-Checked by CardSe Editorial Team · Verified: September 2026 against Bank Schedule of Charges (MITC) · CardSe Score: 4.2 / 5.0

The Equitas Selfe Credit Card is a leading cashback credit card issued by Equitas Small Finance Bank on the Visa network. Tailored specifically for first-time credit card applicants, students, freelancers, or homemakers without traditional income proof looking to build a cibil score against a fixed deposit. it features a joining fee structure of Free. In this comprehensive 2026 review, CardSe evaluates its fee waiver thresholds, category capping rules, airport lounge access qualification, and net reward yields to help you determine if this card earns a permanent spot in your wallet.

Key Benefits & Reward Structure

The reward structure of the Equitas Selfe Credit Card is structured around category-specific accelerators and spend thresholds:

Online Spends: Offers 1% reward rate on eligible digital purchases.
Offline Spends: Earns 1% cashback/rewards on eligible brick-and-mortar purchases.

Important Parameters: Requires Fixed Deposit starting at ₹20,000.

Break-Even & Value Analysis

Because the Equitas Selfe Credit Card is a Lifetime Free (LTF) secured credit card against a Fixed Deposit, there are zero annual fees and no break-even spend requirements.

Pros & Cons

Pros

100% approval rate with zero income proof (ITR or salary slip) required.
Credit limit granted up to 90% of your Equitas Fixed Deposit amount (FD starts at ₹20,000).
Earn Fixed Deposit interest on your underlying deposit while enjoying credit card perks.
Helps quickly establish or repair CIBIL credit scores.

Watchouts & Cons

Requires locking money into an Equitas Small Finance Bank Fixed Deposit.
Modest baseline reward rate of 1% on general spends.
Closing the card requires closing or releasing the associated Fixed Deposit.

CardSe Verdict

The Equitas Selfe Credit Card is an ideal secured credit builder. If you are struggling to get an unsecured credit card due to lack of bureau history, this card builds your score while earning competitive FD interest.

Editorial Independence & Affiliate Disclosure: All recommendations on CardSe are created independently by our research team. We do not accept sponsorship to promote specific cards. We may receive an affiliate commission from card networks or banks if you apply through links on our site, at no cost to you.

Detailed Card Parameters

Joining/Annual Fee	Free
Welcome Benefit	-
Annual Fee Waiver Spends	-
Domestic Lounge Visits	-
Spends for Lounge	-
Offline Spends	1%
Online Spends	1%
Notes	Requires Fixed Deposit starting at ₹20,000.

Frequently Asked Questions

What is the minimum Fixed Deposit required for Equitas Selfe?: You can open a Fixed Deposit starting at ₹20,000 to obtain the Equitas Selfe secured credit card with an instant credit limit.
Does the Equitas Selfe card charge an annual renewal fee?: No. The Equitas Selfe Credit Card is Lifetime Free with zero annual or renewal maintenance fees.
What happens to my Fixed Deposit if I default on Equitas Selfe?: If credit card dues remain unpaid past the due date, the bank may adjust the outstanding amount against your linked Fixed Deposit principal and interest.
Can students or freelancers get the Equitas Selfe Credit Card?: Yes. Because it is backed by a Fixed Deposit (starting at ₹20,000), no income proof (salary slips or ITR) is required, making it accessible to students and freelancers.