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Thursday, 16 June 2022

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


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

Student Credit Card in India 


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


Banks Who Give the Student Credit Cards in India 


Though the generality of the pupil credit card is fairly new in India, there are banks which are offering the cards to the scholars. Some of the banks which are offering the cards in the country are 

1. State Bank of India (SBI) 

2. HDFC Bank 


 Some of the Stylish Student Credit Cards are given below



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


How a Student can Apply for the Credit Card in India? 


  • Student credit cards are the bottom most entrants in the credit card sedulity that help the council scholars manage their charges on their own. Still, not all the scholars are very eligible to get a pupil credit card. 
  • Various banks and the financial institutions have come up with a different set of the eligibility criteria to issue a pupil credit card. Only those who meet the criteria would come and are eligible to apply for a credit card. 
  • While some of the banks analogous as the State Bank of India give credit cards only to its education loan guests. 
  • Whichever is the process, if you are a pupil above than 18 times of the age and you would like to apply for a pupil credit card, you must first know that which bank is offering swish pupil credit cards and the process to apply for the same. 
  • Once you will meet the eligibility criteria set by the bank, you can also check with the bank about the procedure to apply for the same. 
  • Not all the banks will follow the same process. Hence, it is imperative to talk to the bank particular about the bank-specific process of applying for a pupil credit card. 
  • While a numerous banks allow you to apply online, others may bear you to visit the bank branch and to submit an operation directly. 


Features of the Student Credit Cards 


Credit Limits- Pupil credit cards have a lower credit limit compared to the other credit cards offered by the banks. On average, a pupil credit card has a credit limit of Rs. 15, 000. This is done to ensure that all the cardholders do not dodge debts as a result of the unrestricted spending. 

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

Duplicate card free of cost-If the pupil credit card holder misplaces their card or it is stolen, an indistinguishable card would be issued free of cost or at a truly nominal charge 

Waiver of fees: - Pupil credit cards will constantly do not have a joining figure and have the truly low periodic charges, which make it easier for scholars to maintain the cards 

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


Special deals and prices-

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


List of the Student Credit Cards 


SBI Pupil plus Advantage Credit Card 


  • With the SBI Pupil plus Advantage Credit Card, the scholars can learn how to manage their capitalist prudently. The card comes with an array of the features designed simply for the pupil demographic, analogous as the capability to convert all the purchases to EMI's, energy weight up to 2.5 on all the energy spends charged to the card etc. 
  • The card also has a good prices program, with every Rs. 100 spent earning the cardholder 1 cash point, which can be redeemed for a range of the gifts or used to pay off the credit balance, if any. 
  • The card also comes with a low interest rate of just 2.25 per month. 
  • In addition, the road tickets reserved using the card will be delivered to the cardholder's doorstep, making the trip plans and arranging the tickets quick and accessible. 


HDFC Bank Forex plus Card 


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


HDFC Multicurrency Platinum Forex Plus Chip Card 


  • With this HDFC Multicurrency Platinum Forex plus Chip Card, studying abroad can comfortably pierce their finances in 20 foreign currencies. Currencies can be managed through the card and the capitalist transferred through the secure online carryalls. 
  • Cardholders are also defended against the fraud and the accidents up the bluffs. 5 lakh each. 
  • Cardholders can also track their accounts and make the payments through net banking, as well as avail the special abatements and the deals. 
  • Pupil credit cards are the good way for immature grown-ups to begin their irruption into the world of the capitalist operation. Cardholders can also learn how to manage their finances and hone their financial chops. The low limit and the easy access to payment history will enable them to keep a track of their spending and also help them to start saving.



Eligibility and Documents are demanded to apply for a Student Credit Card 




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


 Documents Demanded 


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


How can a Student can get a Credit Card in India? 


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

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

Against the fixed deposit A Pupil can look to avail a pupil credit card predicated on the fixed deposit that he/ she might have in his/ her name. Still, the banks tend to have a minimum fixed deposit amount against which the credit card can be applied for. 

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

Strong savings regard An existent that can also avail a pupil credit card if they have a strong savings history from which they intend to apply. Still, this installation is handed to the guests only of a numerous banks. 




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