DISADVANTAGES OF FD BASED CREDIT CARD #fdcreditcard #shorts

*ABOUT THIS VIDEO- *QUARIES SOLVED Discover the untold drawbacks of FD-based credit cards in our eye-opening video, "The Hidden Pitfalls of FD-Based Credit Cards: Unveiling Their Unfortunate Drawbacks." While these credit cards may seem appealing at first glance, it's crucial to understand the downsides before jumping on board. In this video, we dive deep into the disadvantages of FD-based credit cards, shedding light on the potential pitfalls that can catch users off-guard. One of the most significant disadvantages of FD-based credit cards is the tied-up funds. Unlike conventional credit cards that offer a credit limit based on trust and creditworthiness, FD-based credit cards require a fixed deposit as collateral. This means a sizable portion of your money can get stuck, limiting your financial flexibility and hindering your potential investment opportunities. Another drawback to consider is the impact on your credit score. Typically, credit utilization ratio plays a vital role in determining your creditworthiness. With FD-based credit cards, as your credit limit is directly linked to the fixed deposit amount, your credit utilization ratio remains stagnant, potentially having a negative impact on your credit score. This could affect your ability to secure loans or favorable interest rates in the future. Moreover, the interest rates offered on FD-based credit cards are often higher compared to regular credit cards. While this may vary from bank to bank, it's essential to carefully evaluate the interest rates and compare them with other credit card options available. Falling behind on payments can quickly lead to mounting debt due to higher interest charges. Additionally, the limited rewards and benefits associated with FD-based credit cards can be disappointing for frequent users. These cards often lack attractive rewards programs, cashback offers, or travel benefits commonly found in other credit cards. Consequently, you may miss out on opportunities to earn and save while making purchases. Lastly, FD-based credit cards may come with rigid terms and conditions. From early withdrawal penalties on the fixed deposit to strict eligibility criteria, there can be hurdles and limitations that restrict your freedom of choice and make it more challenging to leverage the card's benefits fully. In conclusion, while FD-based credit cards offer security through fixed deposits, they pose several disadvantages that must not be overlooked. From tied-up funds to potential impacts on credit scores, higher interest rates, limited rewards, and rigid terms, it's crucial to weigh the pros and cons before deciding whether such a credit card aligns with your financial goals. To gain valuable insights and avoid unexpected pitfalls, watch our revealing video "The Hidden Pitfalls of FD-Based Credit Cards: Unveiling Their Unfortunate Drawbacks." Don't let the disadvantages catch you off-guard! Subscribe now and stay informed. For more informative videos and expert tips, subscribe to our channel and hit the notification bell to never miss an update. Stay financially savvy and make informed decisions with us! *QUERIES SOLVED- Credit Card Against Fixed Deposit (FD): Disadvantages of credit card against FD Cons of credit card against FD FD credit card Credit card against FD disadvantages Credit card against fixed deposit Credit card against FD cons Credit card against FD drawbacks FD par credit card lene ke nuksaan (Disadvantages of taking a credit card against FD) Secured Credit Card: Drawbacks of secured credit card Cons of secured credit card Secured credit card disadvantages Best credit cards Best credit card Secured credit cards Disadvantages of secured credit card What are the disadvantages of a secured credit card? Disadvantages of a secured credit card Disadvantages of fixed deposit credit card General Credit Card: Credit cards Credit card India Credit cards in India Credit card payment Credit cards for beginners Credit score Credit card bill payment #creditcardshacks #financialpitfalls #creditcardadvice #unveilingdrawbacks #financialdisadvantages #creditcardtricks #creditcardrisks #hiddenpitfalls #creditcardtrap #avoidcreditcarddebt #creditcardfails #creditcarddangers #creditcardcautions #creditcardcosts #creditcardproblems #creditcardfacts #bestcreditcard #creditcardreview #creditcardtips #choosewisely *SOME OTHER VIDEOS THAT YOU MAY LIKE- HDFC Regalia vs. Millennia Credit Card-   • HDFC Regalia vs. Millennia Credit Car...   One Card Credit Card ka Asli Sach | One Card Credit Card Review -   • One Card Credit Card का काला सच  | On...   Best Credit Card for BBD Sale | Flipkart Big Billion Days vs Amazon Great Indian Sale Offer Card-   • Best Credit Cards for BIG BILLION DAY...   cash deposit limit 2023 | Income Tax Rule on Saving Account | Bank Cash Deposit Limit-   • Saving Account Cash Deposit Limit 202...   Unbelievable: Axis Neo Credit Card Lifetime Free | Lifetime Free Credit Card | Axis Bank Credit Card-   • Axis Neo Credit Card Benefits | Axis ...   #tejasvafinanceshow