{
  "id": 9486798,
  "title": "FD-backed SBI Card launched: Check details",
  "url": "https://urgent.news/2026/09/24/fd-backed-sbi-card-launched-check-details",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T04:03:22.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/wealth/spend/fd-backed-sbi-card-advantage-sbi-card-launched-who-can-benefit-from-it/articleshow/134450704.cms"
  },
  "original_language": "en",
  "account": "SBI Card has introduced the Advantage SBI Card, a secured credit card backed by a fixed deposit (FD). Customers can apply for four such cards - SBI Card Elite, SBI Card Prime, SimplyClick SBI Card, and SimplySAVE SBI Card - via the SBI YONO app.\n\nPremium cards ELITE and PRIME cater to customers seeking online shopping benefits, while SimplyCLICK is for those who prefer online shopping perks, and SimplySAVE is for everyday spending and savings-related benefits.\n\nTo apply, customers must have an FD account with State Bank of India (SBI). The FD acts as security for the credit card, making it accessible for those who might struggle to secure an unsecured card based on income or credit score. The application process is entirely paperless, allowing eligible customers to complete it digitally via SBI YONO.\n\nA secured credit card differs from a regular unsecured credit card. While the latter's credit limit is determined by factors like income, repayment history, credit score, and other eligibility criteria, a secured card's limit is based on the FD amount provided by the customer.\n\nA Credit Information Report (CIR) is a detailed record of a borrower's credit payment history, compiled from information provided by various credit grantors. This report aids banks and financial institutions in making informed lending decisions in a quick and objective manner.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindustan Times",
        "title": "Central govt employees to be paid early this month ahead of bank strike: Check details",
        "url": "https://urgent.news/2026/09/24/central-govt-employees-to-be-paid-early-this-month-ahead-of-bank",
        "published": "2026-09-24T03:19:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}