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Wednesday 16 March 2022

What are the best credit cards for students in India?

What are the best credit cards for the students in India?

Student Credit Card in the India 

A Student credit card is a credit card that's offered to the  scholars at the council position. Any pupil beyond the age of the 18 times is a eligible to apply for the credit card as it doesn't have an a income eligibility limit. These credit cards have lower interest rates and have a validity period of the 5 years

Banks Which Give Student Credit Cards in the India 

Though the conception of the pupil credit card is the relatively new in India, there are banks that offering the cards to the scholars. Several of the banks that a offering the cards in the country are the 

        1. State Bank of India (SBI) 

        2. HDFC Bank 

Some of the Best Student Credit Cards are the 

  • SBI Pupil Plus Advantage Credit Card 
  • HDFC Bank ForexPlus Card 
  • HDFC Multicurrency Platinum ForexPlus Chip Card 

How Can a Student Apply for the Credit Card in a India 

  • Student credit cards are the rearmost entrants in the credit card assiduity that a help council scholars manage their charges on the their own. Still, not all the scholars are the eligible to get a pupil credit card. 
  • Colorful banks and fiscal institutions have a come up with a different set of eligibility criteria to the issue a pupil credit card. Only those who meet the criteria would come eligible to the apply for a credit card. 
  • While some banks similar as the State Bank of the India give credit cards only to its education loan guests. 
  • Whichever is the process, if you're a pupil above the  18 times of age and would like to the apply for a pupil credit card, you can must first know that which bank is the offering stylish pupil credit cards and process to the apply for the same. 
  • Once you meet the eligibility criteria set by the bank, you can be review with the bank about the plan to the apply for the same. 
  • Not all the banks follow the same process. Hence, it's imperative to the talk to the bank particular about the bank-specific process of the applying for a pupil credit card. 
  • While a many banks allow you to the apply online, others may bear you to visit the bank branch and submit an a operation directly. 

Features of the Student Credit Cards 

Credit Limits :- Student credit cards have a lower credit limit balance to other credit cards gave by the banks. On average, a pupil credit card has a credit limit of the Rs. 15, 000. This is done to insure that the cardholders don't dodge debts as a result of the unrestricted spending. 

Card Validity :- Student credit cards are the generally valid for a period of the 5 times from the issue date, as compared to the regular credit cards which have a 3 time validity period 

Duplicate card free of cost :- If the pupil credit card holder misplaces their card or it's stolen, a indistinguishable card would be issued free of the cost or at a veritably nominal charge 

Waiver of fees :- Student credit cards frequently don't have a joining figure and have the veritably low periodic charges, making it is a easier for the  scholars to the maintain the cards 

Documentation :-  Scholars credit cards do not bear total attestation, unlike utmost other credit cards. The bare minimum of the attestation is needed when applying for a card 

Special deals and rewards :- 

  • The pupil cards come whisked with prices and fidelity programs that offer the cashback or cash points when a certain quantum is the spent using the card. The cards also have a special offers and abatements on the services as well as purchases a worldwide. 
  • Still, the pupil credit card can be the upgraded to a regular credit card anytime during the card's validity, If the cardholder wishes to. 

List of the Student Credit Cards 

SBI Student Plus Advantage Credit Card 

  • With the SBI Student Plus Advantage Credit Card, scholars can learn how to the manage their plutocrat prudently. The card comes with an array of the features designed simply for the pupil demographic, similar as the capability to the convert all purchases to EMI's, energy cargo up to2.5 on all the energy spends charged to the card etc. 
  • The card also has a good prices program, with the every Rs. 100 expent earning the cardholder 1 cash point, which can be redeemed for a range of a gifts or used to pay off credit equity , if any. 
  • The card also comes with a low interest rate of the just2.25 per month. 
  • In addition, road tickets reserved using the card will be a delivered to the cardholder's doorstep, making trip plans and arranging tickets quick and accessible. 

HDFC Bank ForexPlus Card 

  • The HDFC Bank ForexPlus Card is a boon for scholars who study abroad and bear easy access to the finances in multiple currencies. This immolation by the HDFC is a repaid card which works analogous to a credit card, where the quantum is a debited directly from the card. 
  • For scholars living abroad, currency oscillations are the constant problem. This card protects cardholders from this as plutocrat can be deposited in the card in all the major foreign currencies. Recessions and deals made through by the card would also be defended from the exchange rate oscillations if the deals are the conducted in the currencies that the card is a available in. 

HDFC Multicurrency Platinum ForexPlus Chip Card 


  • With this HDFC Multicurrency Platinum ForexPlus Chip Card, studying abroad can be comfortably pierce their finances in a 20 foreign currencies. Currencies can be managed through by the card and plutocrat transferred through secure online holdalls. 
  • Cardholders are also the defended against fraud and accidents up to the Rs. 5 lakh each. 
  • Cardholders can also track their accounts and make payments through netbanking, as well as mileage special abatements and deals. 
  • Student credit cards are a good way for the youthful grown-ups to begin their incursion into the world of the plutocrat operation. Cardholders can learn how to the manage their finances and hone their fiscal chops. The low limit and easy entry to the payment history will be allow them to keep track of their expending and also help them start saving. 

Eligibility and Documents Needed to the Apply for a Student Credit Card 


  • Above 18 times of the age 
  • Must be a council going pupil


Documents Needed 

  • Birth instrument 
  • Identity card issued by the council/ university 
  • Evidence of the domestic address 
  • Recent passport size snap 
  • Visage card 

How can a Student get a Credit Card in a India 

With banks offering pupil credit card without the aspirants demanding to the give any employment documents or Income Duty returns, there must be a some distrustfulness as to how a pupil can be apply for the credit card. 

Below, we bandy the ways how a pupil can get a credit card in a their name 

Against fixed deposit A Student can be look to mileage a student credit card grounded on the fixed deposit that he/ she might have in a his/ her name. Still, banks tend to have a minimal fixed deposit quantum against which the credit card can be a applied for. 

Through add-on card Another way to the get a pupil credit card is by a requesting any of the family members who have a credit card to the apply for an add-on in the pupil's name. Still, for that, the member who's requesting for the add-on card must have a good credit history. 

Strong savings regard An existent can be also mileage a pupil credit card if they've a strong savings history from the which they intend to apply. Still, this installation is handed to the guests by the only a many banks. 

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