Student Credit Card In India: Choose Best Cards (2021)

Varies banks and NBFC provides Student Credit Card in India for ongoing college students. Manage your emergency funds & daily expenses through this Credit Card.

Students Credit Card available with lower interest rate rewards points and extra discounts on different transactions.

Student Credit Card Quick Recap

Basic Components Card Details
Credit LimitUp to 35,000
Joining Fees NIL
Card Validity5 years
Eligibility Age18 years or above
Eligible Students College-Going Students
RewardsRewards Points depends on Banks

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 of the 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 college going student credit card. Most of the banks offering zero joining fees for this credit card.

Lower Interest Rate: Credit cards for students offering 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 offering 5 years of card validity which is quite longer than a normal credit card.

Rewards Points: Get different types of rewards 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.

Fees & Charges for Student Cards

Joining FeesNil
Annual ChargesNil (Some banks taking minimum charges)
Credit LimitUp to Rs. 35,000
Interest Fees20-50 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.

Documents Required for Student Credit Card

  • You should be own Pan Card.
  • Aadhaar Card
  • 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 offering Rs. 15,000 credit limits with extra rewards points.
  • Use credit cards for different purposes like fuel expenses, buy books, online shopping & more.
  • Interest-free ATM withdraws facility 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 taking zero joining & annual fees on this card.
  • This card offering Rs. 35,000 credit limits. 
  • You will get 1 reward point on Rs. 100 spend.
  • 2.5% fuel charges wavier 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.
  • Daily ATM cash withdraw limit is the 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 deposit in the bank to get this card.

Add-on Card: If your family member holding 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 depend on good banking transaction history. If you have good relation with your bank, banks can give you this card.

Also Know: Dhani One Freedom Credit Card

FAQs of Student Credit Card in India

Can I get Student Credit Card without income proof?

Yes, you will get a student credit card without any income proof. But, your eligibility age should be 18 years or above.

What is the best student credit card?

Choose the best student credit card: 1. SBI Student Plus Advantage Card  2. HDFC Bank ForexPlus Credit Card 3. Bajaj Student Credit Card 4. ICICI Bank Student Travel Credit Card etc.

Can I get a student card without an education loan?

Yes, many banks offer student credit cards against FD or add-on cards. HDFC bank provides an add-on card that means if your family holding a previous HDFC credit card then you will get an add-on student card.

Is an education certificate need to apply for a student card?

Yes, a student card is available only for ongoing college students. You need to submit your college id or other documents to get this card.

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