Credit Cards for students are made to support college students since they are adapted to their needs and way of living. If you are a student, you can use this tool to start your financial life and build credit.
What are the Eligibility Criteria to apply for a Student Credit Card?
Considering that most of the students don’t make an earning, these cards do not demand income as an eligibility criteria. However, some other aspects must be considered, for example, to apply for these cards, you must be above 18 years old.
The documents required are, generally:
- PAN/Any other government-approved photo ID proof,
- Aadhaar/Any other government-approved residential address proof,
- Birth Certificate,
- College Identity Card or any other proof of enrolment,
- Passport-sized photographs.
How to Apply for a Student Credit Card?
To apply for a Student Credit Card, you have to consider the bank and the type of credit that you are looking for. Check the possibilities:
Add-on Card: If you are 18 years or older, you can ask your family members to apply for an add-on card.
Secured Credit Card: To get this type of credit card, you need to open a fixed deposit account in a bank. If you already have a fixed deposit account, request the bank to provide you with a secured credit card against it.
Credit card against Student Loan: You can avail of a student credit card from a bank that provides credit cards on loan.
Best Student Credit Cards
Check the ranking below:
| Credit Card | Annual Fee |
| SBI Student Plus Advantage Credit Card | Rs. 500 |
| ICICI Bank Student Forex Prepaid Card* | Rs. 199 |
| Paisabazaar Step UP Credit Card | Nil |
| Kotak 811 #DreamDifferent Credit Card | Nil |
| ICICI Coral Contactless Credit Card | Rs. 500 |
Interested? Check the features and benefits of these cards below:
SBI Student Plus Advantage Credit Card
- Get 1 bonus point on spending every Rs. 100,
- Use your accumulated reward points to pay the unpaid credit card bill,
- 2.5% fuel surcharge waiver at all petrol pumps in India,
- Annual fee waiver on paying more than Rs. 35,000 in the last quarter,
- 10X rewards on departmental stores and grocery spends,
- 10X reward points on International spends,
- Online railway ticket bookings,
- Worldwide acceptance at over 24 million outlets.
ICICI Bank Student Forex Prepaid Card
- ISIC- International Student Identity Card membership worth Rs. 590,
- 40% discount on excess baggage and 20% discount on DHL courier service,
- 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
- Get up to 6.40% interest rate on your fixed deposit,
- 20 to 50 days of the interest-free period,
- 100% credit limit of your fixed deposit amount,
- 1 reward point for every Rs. 100 spent,
- Instant virtual credit card right after making the payment for the fixed deposit,
- Completely digital hassle-free process,
- Flexible FD plans.
Kotak 811 #DreamDifferent Credit Card
- Get a Welcome Bonus of 500 reward points on spending Rs. 5,000 in the first 45 days,
- 1 reward point for every Rs. 100 spent on all categories except fuel, cash withdrawals, and railways,
- 2X rewards on online spends,
- Withdraw up to 90% of your credit limit,
- Interest-free cash withdrawal for up to 45 days,
- Low-interest rates of 2.99% per month,
- On annual spends of Rs. 75,000 get Rs. 750 cashback or 4 PVR Movie Tickets,
- 1% fuel surcharge waiver for all fuel transactions between Rs. 500 and Rs. 3,000,
- Get up to 2.5% railway surcharge waiver when booking a ticket through IRCTC online or at booking counters,
- Lost Card Liability Cover of Rs. 50,000 against unauthorized usage up to 7 days prior.
ICICI Coral Contactless Credit Card
- 2 PAYBACK Points per Rs. 100 spent and 1 PAYBACK Point per Rs. 100 spent on utilities and insurance,
- 25% discount up to Rs.100 on the purchase of minimum 2 movie tickets per transaction on BookMyShow and Inox twice a month,
- 1% fuel surcharge waiver on Hindustan Petroleum Corporation Limited Pumps,
- One complimentary domestic lounge access each quarter,
- One complimentary access per quarter to select airport lounges in India on spending a minimum of Rs 5,000 or above in a calendar quarter,
- 2,000 PAYBACK Points on spending Rs. 2 Lakh and additional 1,000 PAYBACK Points on spending above Rs. 1 Lakh mark,
- Annual Fee Waiver on spending Rs. 1.50 Lakh,
- Up to 15% on your dining bill at over 2,500 restaurants.