What are the best credit cards for students in India?
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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
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