3 Top Student Credit Cards in India
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A credit card makes transactions, online shopping extremely easy and rewarding at the same time. However, to be eligible to hold a credit card in your name, you need to have a steady flow of income which should be above a certain amount.
Student credit card is an exception and it is offered to college students. Any student above 18 years of age can apply for a student credit card. These cards do not come with any income eligibility limit and carries a lower interest rate as well. The cards are valid for five years.
Student credit card is still a new concept in India and only a few banks offer credit cards to students.
In this article, we will compare some of the best credit cards for students.
For: Students with SBI loan and FD
The largest bank in the country SBI offers SBI Student Advantage Plus Credit Card, a student credit card. This card is exclusively meant for education loan customers of State Bank of India. Students can get a credit card against a fixed deposit at any State Bank of India branch.
Customers get a 1 reward point for every Rs. 100 spent and the reward points can also be used to pay the outstanding balance.
The annual fee of the card is reversed if the student makes purchases of more than Rs.35,000.
How to Apply: Visit an SBI Branch
For: Indian students studying abroad
ICICI Bank Student Travel Card is ICICI Bank’s forex card meant for students. Students can meet their necessary expenses, pay fees through this card.
On taking the card, students get joining benefits worth Rs.5000. Students get International Student Identity Card (ISIC) membership, discount on excess baggage, courier service along with card protection insurance and counterfeit card liability coverage up to Rs 5 lakh.
How to apply:
Buy the student travel card through your iMobile app
Visit the nearest ICICI Bank Forex Branch.
Contact your relationship manager.
For: Indian students studying abroad
HDFC ISIC Student ForexPlus Card is forex card meant for students studying abroad and it also acts as a student identity card. It is available in USD, Euro and GBP. After the card is loaded, students don’t have to worry about fluctuations in these currencies. During travel, students can withdraw local currencies from ATMs.
As it also acts as a global student ID card, students become eligible for special discounts & offer on purchasing books, food, shopping, accommodation, leisure activities, and travel across 130 countries from over 41000 outlets.
Visit a branch with the following documents:
Conclusion: The student life is the time to concentrate on studies and not to worry about transactions and currency fluctuations. These top 3 student cards may help students to transact seamlessly and take care of their requirements.
Click here to compare different credit cards.
