What are the best credit cards for students in India?

  What are the best credit cards for students in India?

Student Credit Cards in India 2022

Student belief  cards are aboard  maker  to meet the economic demand  of college students. They come with basic quality of a credit card such as interest-free time , reward earning, and discounts. College freshman  above the age of 18 years can apply for student belief  cards. There is no income evidence needed . A student credit card can be a great tool for students to learn economic  charge and build credit.

Eligibility Criteria for a Student Credit Card

Since freshman  usually do not make an earning, student belief  cards do not come with income ability . even so ,  there are some common criteria that candidate  demand  to fulfill in order to be eligible. For sample , the candidate should be above 18 years of age. ability  criteria may differ from bank to bank.

An for most  point to note here is that ‘student credit card’ provider  in India are very limited. even so , banks do extend economic  help to freshman  in the form of student loans, secured belief aboard , and student forex aboard . To avail of these facilities, you should meet the set criteria.

Documents Required

 When request  for a freshman credit card, the bank may ask you to outfit some of the backing :

PAN/Any other authority -approved photo ID proof

Aadhaar/Any other authority -approved residential address proof

Birth document 

College naming aboard  or any another  proof of enrolment

Passport-sized photographs

Note: Income Proofs are not demand  when request  for a freshman  belief card, add-on card or closed credit card. even so , if you are a freshman  as well as an income-earner (with a stable job), some banks may be interested in provider  you a normally  credit card. For this, you will need to submit your income paper such as salary slip, ITR, bank revelation , etc.

How to Apply for Student Credit Card

The appeal process for a freshman  card hang on on the type of belief  card you are going for. Given under  are the information .

Add-on Card: If you are 18 years or older, you can ask your immediate family organ to apply for an add-on card. The process is almost quick and just basic KYC paper  are demand .

Secured Credit Card: You demand to open a fixed deposit report in a bank to get a safe credit card. If you already have a fixed deposit account, then request the bank to supply you with a safe  belief aboard  against it.

Credit card against Student Loan: You can avail a freshman credit card from a bank that supply  credit cards on the loan. A will liked  sample of this is SBI freshman  Plus head belief  Card.

SBI Student Plus Advantage Credit Card

SBI freshman  Plus head aboard  is a belief card alone  maker  for students. You can avail this card just if you are an taring  loan buyer  of State Bank of India or if you hold an FD at any SBI branch. Some features and benefits of this SBI freshman  credit card are bring up under :

1 honor point on spending every Rs. 100 

Use your accumulated honor  points to pay the great  belief aboard  bill

2.5% fuel extra waiver at all petrol pumps in India

year  fee waiver on spending more than Rs. 35,000 in the previous quarter

10X  honor  on head stores and grocery employ 

10X reward points on International employ 

Online railway ticket bookings

Worldwide taking at over 24 million outlets

 ICICI Bank Student Forex Prepaid Card

ICICI Bank freshman  Forex Credit Card is a prepaid card that mission  more  or less as a credit card. The card is provider  at a joining fee of Rs. 499 and yearly fee of Rs. 199. Some key features and relief  of this freshman belief   card are:

ISIC- International  freshman Identity Card alliance worth Rs. 590

40% cut price  on excess baggage and 20% discount on DHL courier kindness 

Card protection plus insurance worth Rs. 1,600

Croma shopping voucher

Counterfeit card/lost card liability coverage up to Rs. 5 Lakh

Paisabazaar Step UP Credit Card

Earn up to 6% interest rate on your fixed deposit

20 to 50 days of interest-free time 

100% belief   limit of your fixed deposit quota 

1 reward point for every Rs. 100 spent via this belief  card

Instant virtual credit card right after dis gen  the payment for the fixed deposit

Completely digital hassle-free process 

Kotak 811 #DreamDifferent Credit Card

Welcome Bonus of  500 honor points on spending Rs. 5,000 in the first 45 days

1 reward point for every Rs. 100 spent on all group  except fuel, cash withdrawals and railways

2X rewards on online spends

Withdraw up to 90% of your belief  limit

Interest-free cash withdrawal for up to 45 days

Low interest rates of 2.99% per month

On yearly  spends of Rs. 75,000 get Rs. 750 cashback or 4 PVR Movie Tickets