Varies banks and NBFC provides Student Credit Card in India for ongoing college students. Manage your emergency funds & daily expenses through this Credit Card.
Student’s Credit Card is available with lower interest rate rewards points and extra discounts on different transactions.
Student Credit Card Quick Recap
| Basic Components | Card Details |
| Credit Limit | Up to 35,000 |
| Joining Fees | NIL |
| Card Validity | 5 years |
| Eligibility Age | 18 years or above |
| Eligible Students | College-Going Students |
| Rewards | Rewards Points depend on Banks |
Also Read: Choose Credit Card for International Student
What is Student Credit Card?
Individuals in college are eligible for Student Credit Cards. These credit cards do not have any income or eligibility requirements. As a result, any student over the age of 18 can apply for a student credit card. Credit cards have recently become a requirement.
Most banks provide student credit cards free of cost. You need to pay minimal annual fees.
Benefits of Student Credit Cards
No Joining Fees: Don’t need to pay any joining fees for the college-going student credit cards. Most of the banks offer zero joining fees for this credit card.
Lower Interest Rate: Credit cards for students offer lower or minimum interest rates on the credit limit.
Minimum Documents: Apply for a student credit card with minimum documents. You just need KYC documents like Aadhaar Card, Pan Card to get this card.
Long Validity: Student Credit cards offer 5 years of card validity which is quite longer than a normal credit card.
Rewards Points: Get different types of reward points through your Student Card. The cards also provide unique offers and discounts on services and purchases made all around the world.
Low Annual Charge: Students’ cards come with low annual charges through Banks/NBFC. Normal credit card charge 500 to 2000 for annual charges. But students can access this credit card with minimum charges.
Also Read: Top 5 credit cards in India
Fees & Charges for Student Cards
| Joining Fees | Nil |
| Annual Charges | Nil (Some banks taking minimum charges) |
| Credit Limit | Up to Rs. 35,000 |
| Interest Fees | 20-50 days Free (After that 2% – 3% charges per month) |
Student Credit Cards Eligibility
- The applicant must be at least 18 years old.
- Ongoing college students are eligible to apply
- Some Banks provides Credit card against fixed deposit. Minimum Rs. 10,000 amount required.
Also Read: Airtel Axis Bank Credit Card
Documents Required for Student Credit Card
- You should own Pan Card.
- Aadhaar Card
- The applicant’s birth certificate required
- Recent good quality Passport Size Photo
- Education Proof documents like a College ID
Best Student Credit Card In India
Here is the list of different Credit Cards for students. Choose the right one for yourself:
Bajaj Student Credit Card
- Bajaj Student Card is applicable with an education loan. If you have an Education loan with Bajaj Finserv, you will get a credit card.
- Bajaj Card offers Rs. 15,000 credit limits with extra rewards points.
- Use credit cards for different purposes like fuel expenses, buying books, online shopping & more.
- An interest-free ATM withdrawal facility is available with this card.
- Easily convert your total amount into EMI.
SBI Student Plus Advantage Card
- The card comes with features including the opportunity to convert all transactions to EMIs, a fuel cost of up to 2.5 % on all petrol purchases charged to the card, and so on.
- SBI Student Plus Advantage Card takes zero joining & annual fees on this card.
- This card offers Rs. 35,000 credit limits.
- You will get 1 reward point on Rs. 100 spend.
- 2.5% fuel charges waiver for any petrol pump in India.
HDFC Bank ForexPlus Credit Card
- For students studying abroad who want quick access to cash in several currencies, the HDFC Bank ForexPlus Card is a lifesaver.
- You may load your card with US dollars and then use it to make purchases in any currency.
- The Daily ATM cash withdrawal limit is US $ 5000.
ICICI Bank Student Travel Credit Card
- ICICI bank student Travel credit card offering to load different type’s foreign currency.
- Payments may be made via a secure channel online, and everyday expenditures can be paid for at any store that accepts MasterCard.
- 5 different Credit Card available on ICICI bank student travel cards.
- Extra benefits & rewards are available on the student travel card.
Also Know: Credit Card Customer Care Number
How to Apply for Student Credit Card in India
You can apply for a student credit card in India without any income proof. But, you need to fulfill the bank’s requirement to get this card.
Follow the entire requirement to get a student credit card:
Against Student Loan: Some banks provide this credit card against student loans which are Education loans. Bajaj Finserv & SBI bank offering Student Credit Card after taking a student loan.
Against Fixed Deposit: A student with a minimum deposit can apply for a student credit card. It can be Rs. 10,000 to 25,000 to be deposited in the bank to get this card.
Add-on Card: If your family member holds any credit card, you can apply for a student credit card which is an add-on card. But, your eligibility age should be 18 years or above.
Savings Account with Good Transaction: Apply for a student card depending on good banking transaction history. If you have a good relationship with your bank, banks can give you this card.
Also Read: Dhani One Freedom Credit Card
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