Smart Spending with a Secured Credit Card: Let Us Maximise Benefits!
Table of Content
Let’s talk about a credit card
Having a credit card sounds fancy. But what if your card did more than just let you spend? What if it also saved you money, earned rewards, and did not require you to go through hoops to get approved?
Welcome to the world of secured credit cards – the savior for students, homemakers, and working professionals who want benefits with peace of mind.
If you are new to credit or simply want more control over your finances, a secured credit card can be your best bet.
What exactly is a secured credit card?
Think of a secured credit card as your everyday credit card – swipe, book, travel, shop. In addition to it, it is linked to a Fixed Deposit (FD) that acts as security or collateral for the credit card. The credit limit is set up to 90% of your FD amount. No credit history? No income proofs? No worries!
You can enjoy the benefits of a regular credit card without the usual entry barriers.
Meet DCB PayLess Credit Card duo
DCB PayLess Credit Card comes in two powerful options – Select and Platinum – each designed to help you spend smart, earn rewards, and build your credit journey effortlessly. In association with RuPay, DCB Bank also brings exciting shopping, dining, and entertainment offers from time to time, adding more value to your card experience. In addition, enhanced security features such as EMV chip technology and the ability to enable or block payment options easily ensure a safe and convenient way to manage your spending.
DCB PayLess Select Credit Card
● Credit Limit: Up to 90% of your FD value
● Joining Fee: ₹0
● High Rewards*: ₹1,000 cash back upon spending ₹1,00,000 in a quarter
● Perks:
○ Fuel surcharge waiver** receive 1% fuel surcharge waiver up to ₹100 per statement cycle (Only for transactions up to ₹5,000)
○ Personal Accidental Insurance*** complimentary personal accidental insurance cover of ₹2,00,000
○ Airport lounge access at domestic & international airport terminals 9 times per calendar year (1 visit at the international terminal per annum & 2 visits at domestic terminals per quarter)
DCB PayLess Platinum Credit Card
● Credit Limit: Up to 90% of your FD
● Joining Fee: ₹0
● High Rewards*: ₹250 cash back upon spending ₹50,000 in a quarter
● Perks:
○ Complimentary airport lounge access at domestic airport terminals 4 times per calendar year (1 per quarter)
○ Fuel Surcharge Waiver** receive 1% fuel surcharge waiver up to ₹100 per statement cycle (Only for transaction up to ₹5,000)
○ Personal Accidental Insurance*** complimentary personal accidental insurance cover of ₹2,00,000
Both variants work seamlessly wherever credit cards are accepted – online, offline, travel, shopping, etc.
Terms and conditions apply.
* Transactions made for rent payment, wallet loading, online gaming, gambling, fuel, cash withdrawal will not be considered (MCC- 6010, 6011,6012, 6051, 6513, 6540, 7800, 7801, 7995, 8651).
**Fuel surcharge waiver is available only on MCC – 5541, 5542 & 5172; Surcharge waiver will be applicable on fuel transactions value up to ₹ 5,000
***Personal accidental insurance feature is provided by RuPay, please refer to Frequently Asked Questions (FAQ) for details on claim related process
Please click here to check detailed benefits and applicable terms and conditions of both card variants.
Why choose a secured credit card?
While navigating through life, getting a credit card does not have to be difficult and lengthy. Here’s why DCB PayLess Secured Credit Card is a great pick:
● Easy Approval: No income proof or credit history needed
● High Rewards: Earn on everything from shopping to fuel
● Zero Fees: No joining charges
● FD-Backed Safety: Credit limit linked up to 90% of your FD value
Swipe, earn, repeat
Along with DCB PayLess Card, your everyday expenses turn into exciting returns:
Shop smart
Groceries, gadgets, fashion – earn cashback and reward points with card swipes. Even impulse purchases feel less guilty.
Lounge while you wait
Both options offer complimentary airport lounge access. Flight delays? Layovers? Chill in comfort, sip coffee, and relax.
Redeem, repeat
Reward points can be redeemed for shopping vouchers, flight bookings, and more. You are earning while spending.
FD + Credit Card = Financial harmony
Your FD keeps earning interest, and your card unlocks spending power. It is a smart combo for financial flexibility where you are growing your money and managing your expenses. Here are three tips to maximise the benefits:
Make the most out of your DCB PayLess Secured Credit Card:
1. Pay on time, in full
Skip interest charges and clear dues every month.
2. Use for recurring bills
Recurring bills, fuel, utilities – all regular expenses that can help you earn more rewards.
3. Track your spending
Use DCB Mobile Banking App to monitor usage and manage the card limit to stay within budget.
Steps to apply for DCB PayLess Credit Card
For DCB Bank customers:
1. Open the DCB Mobile Banking App: Download the app if you are a first-time user.
1. Download the App
○ Visit the Google Play Store (for Android users) or the Apple App Store (for iOS users).
○ Search for “DCB Mobile Banking App” and tap the download button.
2. Register on the App. Open the app and choose your registration method:
○ Use your DCB Debit Card details or
○ Register with your DCB Internet Banking credentials
2. Go to Credit Card Section: Tap on the ‘Credit Card’ tile on the homepage.
3. Select Fixed Deposit (FD): Choose a Fixed Deposit to back your card or create a new one.
4. Pick Card Variant: Choose between Select or Platinum.
5. Customise Details: Enter your card name and nominee information.
6. Confirm Address: Review and confirm the delivery address.
Your credit card will arrive in 5–7 working days. Simple and seamless!
For non DCB Bank customers:
1. Open DCB Fixed Deposit by visiting the nearest DCB Bank branch.
2. Once you’ve opened DCB Fixed Deposit, follow the same steps which are applicable for DCB Bank customers.
Why DCB Bank?
DCB Bank understands today’s consumers need more than just a card to swipe. You get a smart financial tool built to save, reward, and empower with DCB PayLess Secured Credit Card.
Final Thoughts
Whether you are a student looking to build credit, a freelancer with unpredictable income, or a salaried professional wanting more rewards, DCB PayLess Credit Card (Select or Platinum) can be your go-to partner for smarter money moves.
Maximise your benefits with a secured credit card now!
Disclaimer
Information on the website is for informational purposes only and does not constitute financial advice. Readers are advised to consult financial professionals for personalized advice before making decisions. The information on this blog is subject to change without notice and may become obsolete. DCB Bank reserves the right to modify, update, or remove content at any time. Savings Account and Fixed Deposit Interest rates are subject to change without prior notice. DCB Bank shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decision based on the contents and information mentioned in this blog. By accessing and using this blog, users agree to adhere to these terms and conditions. To read the complete disclaimer of DCB Bank, please click here
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