Buying High End Kitchen Appliances with Your FD-Secured Credit Card

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The quality of food depends upon the cook and the ingredients both. However, one thing we, as lovers of food, tend to overlook is the kitchen equipment. Well, only some of us instead, because the other side of the same coin – high-end kitchen appliances are in high demand by professional chefs and cooking enthusiasts alike. And, if you are either of them or someone just interested in it, you’d also know that these quality equipment come with hefty price tags.

The magic ingredient to solve this problem tastefully is a secured credit card against a fixed deposit (FD). This article will reveal the recipe for enjoying easy approval, attractive interest rates, and rewards when using an FD-secured credit card to buy high-end kitchen appliances.

What is an FD-linked credit card?

A secured credit card against an FD is basically a credit card that’s backed by your fixed deposit. Your FD acts as collateral, lowering the risk for the bank and making it easier for you to get approved, even if you have a low credit score or no credit history. The credit limit on these cards is usually a percentage of your FD - typically around 80% to 90%. They work like any other credit card, letting you make purchases, earn rewards, and gradually build up your credit score.

Why use a credit card to buy high-end kitchen appliances?

Easy approval: Get approved easily with an FD-secured credit card, even with a lower credit score.
Build your credit: Pay your bills on time to improve your credit score.
Manage cash flow: Use a credit card to spread out payments for large expenses.
Interest-free period: Avoid interest by paying your balance on time.
Earn rewards: Get cashback or points on your spending.

What are the most popular types of high-end kitchen appliances?

High-end kitchen appliances are designed to offer superior performance, innovative features, and a luxurious aesthetic. Some of the most popular types include:

Smart refrigerators: Equipped with touchscreens, Wi-Fi connectivity, and features like automatic temperature adjustment, smart refrigerators are popular in modern kitchens.
High-performance ovens and ranges: These appliances offer precise temperature control, multiple cooking modes, and sleek designs that enhance functionality and aesthetics.
Built-in coffee machines: For coffee enthusiasts, a built-in coffee machine that offers barista-quality coffee at home is a worthy investment.
Advanced dishwashers: High-end dishwashers often have noise reduction, flexible racks, and energy-efficient cycles, making kitchen cleanup a breeze.
Professional-grade blenders and mixers: These are perfect for those who love cooking and baking. They offer powerful motors and various attachments for versatile kitchen use.

How to use a secured credit card for high-end kitchen appliances

Check Your Limit: Ensure your credit limit covers your appliance cost.
Shop Smart: Buy during sales to save more.
Spread Payments: Use EMI to make payments more manageable.
Earn Rewards: Get discounts or vouchers on your appliance purchase.
Track Spending: Avoid interest by paying your credit card balance on time.

Ready to upgrade your kitchen with an FD-secured credit card? Consider Dream Different Credit Card - it's backed by your fixed deposit and can help you make your dream kitchen a reality.

FAQs

1. Can I buy kitchen appliances with a credit card?

Yes, you can buy kitchen appliances with a credit card, allowing flexible payments and the opportunity to earn rewards.

2. Should I buy kitchen appliances with a credit card?

Buying appliances with a credit card can be smart if you use rewards, take advantage of EMI options, and pay off the balance within the interest-free period.

3. Which bank has the best credit card against fd for buying high-end kitchen appliances?

The best FD-linked credit card depends on individual needs, but Kotak811’s Dream Different Credit Card is a great option many prefer. It offers competitive rates, rewards, and a user-friendly purchase experience.

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This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees, and contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.