How to Get a Student Credit Card

These days the use of credit card has become common. Credit cards are used by many people as they offer many benefits. Usually card issuing companies/banks offer credit cards only to those who have income. But some banks offer credit cards to students as well. These credit cards are designed according to the financial needs of students and are offered to college level students.

Students generally do not qualify for student credit cards because they do not have an income. But, the applicant should be above 18 years of age. Other eligibility criteria may vary from bank to bank. Student credit cards are available in limited numbers in India. Banks/finance in the form of education loans

Organizations are helping students financially. In addition to these, Secure Credit Cards and Student Forex Cards are also available.

Documents to be submitted to Bank for credit card.. • PAN/ Govt issued with any photograph
Identity Card • Aadhaar/Government approved proof of residence
Birth registration certificate for verification of date of birth Identity card issued by the college management or proof of enrollment in the college
Passport size photos

How to apply?

The application process depends on the credit card you choose. Some banks issue credit card on fixed deposit. Some other banks are offering credit card to the people who have electricity in their banks.

Add-on card

If you are above 18 years, the earning person in the family can apply for an add-on card in addition to the regular credit card. The application process can be easily completed by submitting the basic KYC documents. Bill payment on add-on cards rests with the primary cardholder.

Secured Credit Card

For this you need to open a fixed deposit account in the bank. If you already have an LD account in the bank.. based on that you can apply for a secured credit card.

Those who have student loan..

If you have already taken a bank loan, you can get a student credit card. An example of this is the SBI Student Plus Advantage credit card offered by SBI.

Features of student card

Compared to other credit cards, the credit limit offered by banks on student cards is less. Student cards cost an average of Rs. Comes with a limit of 15 thousand. It restricts card holders from spending beyond the limit.
The tenure of student credit cards is usually 5 years.
In case students lose their credit card.. they can get a duplicate card for free/nominal charges.
Most student credit cards are issued without a joining fee. The annual fee is also very low. Fees are easily manageable by students.
The application process is also easy. The application process can be completed by giving the minimum documents.
Reward points and cashbacks are available on spending using the card.
Cardholders can upgrade from student card to regular credit card by giving required copies at any time while using their card.
Finally Students can easily manage their expenses with these cards. Reward points are earned on spending through credit cards. So the expenses can be efficiently managed from the student level. A good credit score will also be achieved. Save money