# SBI Card launches FD-backed credit cards on YONO platform 2026-09-23T23:51:56+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet SBI Card on Wednesday launched Advantage SBI Card, a secured credit card backed by a fixed deposit, available through a fully digital application on the SBI YONO platform. The process takes about 10 minutes and requires no physical documents, ahead of the festive season. The card is designed for customers looking to build or improve their credit history by linking credit to a fixed deposit. Customers can choose from four variants: SBI Card Elite, SBI Card Prime, SimplyCLICK SBI Card, and SimplySAVE SBI Card. However, SBI Card did not disclose the minimum FD amount required, the credit limit percentage, or the joining and annual fees for each variant. ## Indian Opinion Analysis Secured credit cards against fixed deposits are a standard product across Indian banks, typically offering a credit limit of 80, 90% of the deposit amount, but SBI has not confirmed this. The key differentiator here is the fully digital approval on YONO, which could lower the entry barrier for first-time credit users who lack a credit history. Under RBI guidelines, banks can issue secured cards without a CIBIL score check, making this a viable starting point for millions of new-to-credit customers. The absence of details on fees and deposit terms means applicants will have to check the fine print. SBI Card is expected to release the full terms on the YONO app in the coming weeks. ## Coverage - livemint.com Tags: credit card, fixed deposit, SBI, SBI Card, YONO Canonical: https://indianopinion.org/sbi-card-launches-fd-backed-credit-cards-on-yono-platform/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/sbi-card-launches-fd-backed-credit-cards-on-yono-platform/#story-in-brief