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Are you a student going to college? You do have your own financial criteria, don’t you? Your financial demands will not meet those of a working adult. Have you ever worried about getting a credit card? If so, you should know that the attributes of a student's credit card vary from those of a regular credit card. It does, though, come with its own advantages. There’s not much paperwork needed because you don’t have to show a payslip or an ITR. You also enjoy a low-interest rate, zero tax fees, and you also gain loyalty points when you pay a certain amount. And if you don’t have a credit background, you’ll always get a student credit card in India. With so many leading banks providing credit cards, you need to ask, ‘What are the best credit cards for students in India? ’. Within is here to stop your email.
1. Student plus Advantage Card SBI
This credit card is intended exclusively for consumers who have made use of an Indian State Bank Education Loan. You need to have a fixed deposit in every branch of SBI to make use of this credit card. A credit card gives you certain perks, such as a zero monthly charge or a renewal fee, and is bound to cater to you. No recurring fee is charged if you make a cumulative purchase of more than Rs. 35,000 in the previous year. Not only can you earn one reward point for every Rs. 100 you spend, but you will use the same reward points to pay off your remaining balance.
You are also entitled to a 2.5% fuel surcharge exemption for all gas stations in India if you purchase petrol worth Rs. 500 to Rs. 3.000. Besides, you can book train tickets that will be shipped at your doorstep, pay all your energy bills online, and enjoy 10X Reward Points (RPs) on all overseas expenses.
You will use the SBI Student plus Advantage Card in more than 24 million outlets in India and abroad. You have the provision to move the outstanding balance with another credit card to your credit card, and then you get a reduced interest rate and pay EMI fees. This will mean that you save more money anytime you pay a credit card fee.
2. ICICI Student Travel Card Bank
ICICI Bank Student Travel Card is a gift in disguise for you if you want to study abroad. You can use this credit card to pay your application and university fees online or with a physical swipe. The card is very easy to use as it helps you to control your living costs and is approved at all places that take the MasterCard. You will borrow cash from more than 1.5 million MasterCard ATMs from this card.
You are entitled to a free membership of the International Student Id Card, which will allow you access to various discount opportunities along with enticing destination deals. Tempting retailer deals and discounts would be available in 131 countries, including India. You are also bound to receive travel insurance incentives, favorable forex rates, and other bank offers from the partnership.
3. ForexPlus HDFC Card
HDFC ForexPlus Card is tailor-made for every student who studies abroad and wants to fund in various currencies. This card functions much like a credit card, the purchase sum will be debited directly from the HDFC ForexPlus Card balance.
The card is available in ten currencies that are accepted all over the world, so you can adapt them to the currency of the country you are actually in. It is applicable to all retail outlets that are affiliated with Visa or MasterCard. When you make some purchase in your card money, you’re not going to struggle because of the swinging exchange prices.
You don’t need to think if you’re not an HDFC bank client. You can still use this card, what you need to do is visit the nearest HDFC branch with the appropriate documentation.
4. YES Bank Student Credit Card
Every student needs comfortable access to the cards and therefore it becomes mandatory to get cards that are handy and easily accessible.
YES bank has a variety of options for International Students.
YES Bank Credit Cards allow students to book travel tickets and pay in easy installments. The traveling needs of students along with their financial situation are understood by the bank. Therefore, students can book tickets without having to worry about paying the entire amount instantly. They are also offered deals with the Merchant partners and the ones with easy payments, EMI, and the ones with cashback and rewards.
5. Right Credit Cards for Students with No or Poor Credit Background
Nowadays, credit card providers have also been giving students the cheapest credit cards. Yes, now students can still make use of credit cards by following a fast and clear process. In reality, those who have a bad or bad history of credit will still use these cards with the aid of issuers. Yeah, there are many credit card companies on the market that encourage you to use your card even though you have a poor or negative credit background. In reality, they only work with certain categories of applicants to guarantee that they can use the card regardless of all odds. So, if you’re a student who has poor or weak credit background, nothing to think about, you can use credit cards from various banks with the aid of these providers like Deserve, Capital One, etc.
So I hope that the next time anyone asks you what are the best credit cards for students in India, you’ll get the answer on your tips. And yes, if you want to use credit card facilities, speak to your parents and pick the one that best suits you.