Get your FIRST WOW Credit Card with a Fixed Deposit

Why is a fixed deposit required for a credit card?

Our secured credit card is designed to provide you with access to credit and improve your financial standing. To make this process as smooth as possible, we request a security deposit or FD.

This deposit has several key purposes:

• Credit Building Tool: The security deposit allows us to offer a credit line, even if your credit score is less than perfect, helping you prove your creditworthiness over time.

• Transparent Limits: Your credit limit is typically set equal to or slightly higher than the amount of your FD. This transparent system prevents excessive debt accumulation and encourages responsible financial management. 

• Refundable: Importantly, your security deposit is fully refundable. As you demonstrate responsible credit use and improve your credit, you can request its return and may become eligible for an unsecured card upgrade.