Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Best Credit Cards for Students in India

    A student credit card is a credit card that is offered to students at college level. Any student beyond the age of 18 years is eligible to apply for the credit card as it does not have an income eligibility limit. The cards have lower interest rates and have a validity period of 5 years.

    Which Banks Provide Student Credit Cards In India?

    Though the concept of student credit card is quite new in India, there are banks that offering the cards to the students. Some of the banks that offering the cards in the country are:

    1. State Bank of India
    2. ICICI Bank
    3. Axis Bank
    4. HDFC Bank
    Some of the banks that offer Best Student Credit Cards are Mentioned Below:
    1. SBI Student Plus Advantage Credit Card
    2. HDFC Bank ForexPlus Card
    3. ICICI Bank Student Travel Card
    4. HDFC Multicurrency Platinum ForexPlus Chip Card

    How Can A Student Apply For Credit Card In India?

    Student credit cards are the latest entrants in the credit card industry that help college students manage their expenses on their own. However, not all the students are eligible to get a student credit card. Various banks and financial institutions have come up with a different set of eligibility criteria to issue a student credit card. Only those who meet the criteria would become eligible to apply for a credit card.

    While some banks such as the State Bank of India provide credit cards only to its education loan customers, other banks such as ICICI Bank offers student credit card over security deposits. Whichever is the process, if you are a student above 18 years of age and would like to apply for a student credit card, you must first know which bank is offering best student credit cards and process to apply for the same.

    Once you meet the eligibility criteria set by the bank, you can check with the bank about the procedure to apply for the same. Not all the banks follow the same process. Hence, it's imperative to talk to the bank personal about the bank-specific process of applying for a student credit card. While a few banks allow you to apply online, others may require you to visit the bank branch and submit an application directly.

    Eligibility And Documents Required To Apply For A Student Credit Card?

    To be eligible for a student credit card one needs to be:
    • Above 18 years of age
    • Must be a college going student.
    As for the documents, one needs to provide:
    • Birth certificate
    • Identity card issued by the college/university
    • Proof of residential address
    • Recent passport size photograph
    • PAN card

    Features of Student Credit Cards 2019:

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

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

    Duplicate card free of cost: If the student credit card holder misplaces their card or it is stolen, a duplicate card would be issued free of cost or at a very nominal charge.

    Waiver of fees: Student credit cards often do not have a joining fee and have very low annual charges, making it easier for students to maintain the cards.

    Documentation: Students credit cards do not require exhaustive documentation, unlike most other credit cards. The bare minimum of documentation is required when applying for a card.

    Special deals and rewards: The student cards come bundled with rewards and loyalty programs that offer cashback or cash points when a certain amount is spent using the card. The cards also have special offers and discounts on services as well as purchases worldwide.

    If the cardholder wishes to, the student credit card can be upgraded to a regular credit card anytime during the card's validity.

    How Can A Student Get A Credit Card In India?

    With banks offering student credit card without the applicants needing to provide any employment documents or Income Tax returns, there must be some doubt as to how a student can apply for credit card.

    Below, we discuss the ways how a student can get a credit card in their name:
    • Against fixed deposit: A student can look to avail a student credit card based on the fixed deposit that he/she might have in his/her name. However, banks tend to have a minimum fixed deposit amount against which the credit card can be applied for.
    • Through add-on card: Another way to get a student credit card is by requesting any of the family members who have a credit card to apply for an add-on in the student's name. However, for that, the member who is requesting for the add-on card must have a good credit history.
    • Strong savings account: An individual can also avail a student credit card if they have a strong savings history from which they intend to apply. However, this facility is provided to the customers by only a few banks.
    List of Student Credit Cards:

    SBI Student Plus Advantage Credit Card:

    • With the SBI Student Advantage Plus Credit Card, students can learn how to manage their money prudently. The card comes with an array of features designed exclusively for the student demographic, such as the ability to convert all purchases to EMI's, fuel surcharge up to 2.5 % on all fuel spends charged to the card etc.
    • The card also has a good rewards program, with every Rs. 100 spent earning the cardholder 1 cash point, which can be redeemed for a range of gifts or used to pay off credit balance, if any.
    • The card also comes with a low interest rate of just 2.25% per month.
    • In addition, railway tickets booked using the card will be delivered to the cardholder's doorstep, making travel plans and arranging tickets quick and convenient.

    HDFC Bank ForexPlus Card:

    • The HDFC ForexPlus Card is a boon for students who study abroad and require easy access to funds in multiple currencies. This offering by HDFC is a prepaid card which works similar to a credit card, where the amount is debited directly from the card.
    • For students living abroad, currency fluctuations are a constant problem. This card protects cardholders from this as money can be deposited in the card in all major foreign currencies. Withdrawals and transactions made through the card would also be protected from exchange rate fluctuations if the transactions are conducted in the currencies that the card is available in.

    ICICI Bank Student Travel Card:

    • With the ICICI Bank's travel card for students, paying fees or meeting expenses when studying abroad becomes an easy process. Payments can be made online using a secure channel and daily expenses can be paid for at all stores that accept MasterCard.
    • The card can be topped up from an account in India periodically and also comes with travel insurance as well as membership to the International Student Identify Card, through which the cardholder can avail exclusive discounts and offers.
    • Cardholders will also benefit from preferential foreign exchange rates.

    HDFC Multicurrency Platinum ForexPlus Chip Card:

    • With this offering from HDFC, studying abroad can comfortably access their funds in 20 foreign currencies. Currencies can be managed through the card and money transferred through secure online wallets.
    • Cardholders are also protected against fraud and accidents up to Rs. 5 lakh each.
    • Cardholders can also track their accounts and make payments through netbanking, as well as avail special discounts and deals.
    • Student credit cards are a good way for young adults to begin their foray into the world of money management. Cardholders can learn how to manage their finances and hone their financial skills. The low limit and easy access to payment history will enable them to keep track of their spending and also help them start saving.
      

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    Credit Card Reviews

    • SBI Cards Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am holding the credit card of SBI CARD they have offered with the satisfactory credit limit also the card has the good offers with this card which is satisfactory with this card. The payment reflects very quick with the card also there is a EMI option.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 19, 2019
    • Bank Bazaar Credit Card
      "USERFRIENDLY PORTAL TO USE"
      0.5 4.0/5 "Great!"
      Bankbazaar.com it is the first time experience as i am using it without any hassle process. I prefer using it through the mobile application as the application is user friendly also it is convenient to access. The customer support and responsiveness is good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 19, 2019
    • SBI Cards Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      SBI has benefit of balance transfer option which can be used for card payments and its converted into EMI for 3 or 6months. Earlier used platinum card which has 3K annual charge without knowing used 2 years requested for new card then given simply save credit card with Rs.500 annual fee but reversible. The helpline number get connects easily and proper response. The charges are normal 3.5%.
      Was this review helpful? 1
      , chennai
      Reviewed on May 19, 2019
    • SBI Cards Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      There are no issues with the SBI CARDS where i am using it since from last few years. There are no charges applicable with this bank card for any of the hidden charges. The credit limit gives was satisfactory also the card is user friendly and convenient to access.
      Was this review helpful? 1
      , thane
      Reviewed on May 19, 2019
    • HDFC Bank Credit Card
      "NOT SATISFIED"
      0.5 1.0/5 "Really Bad"
      The credit limit is lesser and expecting for hike with this card where i am using it with the HDFC BANK, there is a EmI option is available, the billing date is 5 and they are debit delay and there are hidden charges are there. Using from last 2 years this card.
      Was this review helpful? 1
      , thane
      Reviewed on May 19, 2019
    • Bank Bazaar Credit Card
      "GOOD PORTAL TO USE"
      0.5 5.0/5 "Blown Away!"
      It is the first time experience with the Bankbazaar.com as i have been using it through the website as the portal is convenient and it is user friendly to access. The customer service is good and they are responsive also they are good.
      Was this review helpful? 1
      , thane
      Reviewed on May 19, 2019
    • Axis Bank Credit Card
      "Better card"
      0.5 3.0/5 "Satisfactory"
      I am using Axis Neo credit card and am satisfied with the credit limit of 1.20L. I have received the card in 2004 and am not using much. Its a life time free credit card. The customer service is good but they are not fulfilling customer requirement. The payment mode is online.
      Was this review helpful? 1
      , chennai
      Reviewed on May 19, 2019
    • Citibank Credit Card
      "BETTER"
      0.5 3.0/5 "Satisfactory"
      The documentation process was simple and easy to get the card with the CITIBANK. The credit limit is lesser with this credit card, it is a payable card for yearly once. I am getting no offers with this card and i have started using it from last few months.
      Was this review helpful? 1
      , thane
      Reviewed on May 19, 2019
    • HDFC Bank Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got a limit of 1.75L on my HDFC credit card and its a life time free. The services are superb and its a No.1 bank. I get online discounts during festival season. Its easy to understand terms and conditions, contacted the customer service which is toll number. I get immediate response and have another number but the procedure was lengthy to connect with the executive. There is no hidden charges.
      Was this review helpful? 1
      , chennai
      Reviewed on May 19, 2019
    • Citibank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been using rewards card from Citi Bank for last 6 years. I get reward points for transactions, On spend of 100rupees=1point=0.25p where other bank conversion rate is high. The credit limit is low and annual charges waiver off is given.
      Was this review helpful? 1
      , chennai
      Reviewed on May 19, 2019
    • Bank Bazaar Credit Card
      "Better"
      0.5 4.0/5 "Great!"
      I have installed the mobile app of Bankbazaar.coma and am using the portal for long time to know some information which is easy to operate. I have applied the card for first time and the process is very much simple and convenient. Overall hassle free.
      Was this review helpful? 1
      , chennai
      Reviewed on May 19, 2019
    • American Express Credit Card
      "Need to increase the limit"
      0.5 4.0/5 "Great!"
      American Express is prompt in their card delivery, am using the card. The credit limit is low of 25K and need to increase the limit for higher level card. They are charging annual fee of 499 rupees. I got the first bill with annul fee+ GST and made it online.
      Was this review helpful? 1
      , chennai
      Reviewed on May 19, 2019
    • Bank Bazaar Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken the credit card for a first time with Bank Bazaar and its good. The customer service has contacted me and got a regular follow ups. I have used the mobile application which was simple to access. Overall it was good and satisfactory.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 19, 2019
    • IndusInd Bank Credit Card
      "Average"
      0.5 4.5/5 "Excellent!"
      I have received the credit card on time from Indusind Bank Ltd and I don't find any delay on their service. The credit limit is good for me. The annual fee is not there but need to pay joining fee for one time which is 1000 rupees. I have used the card once and the bill is generated. The payment mode is easy. It does not have an offer of buy one plus one movie ticket on bookmyshow.com basically the benefits are lesser.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 19, 2019
    • SBI Cards Credit Card
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am using the SBI CARD which is a FBB card where i get the good offers with the FBB purchase also i get the good offers in this card. the credit limit is lesser also it is not satisfactory. The customer support is good and they are responsive, it is a good banking.
      Was this review helpful? 1
      , kolkata
      Reviewed on May 19, 2019
    • SBI Cards Credit Card
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am using the credit card with the SBI CARDS where the card is payable card which is 800 rupees with this card. The application is easy and it is good to use the card also the website is also good with this bank. The payment option is good with this bank.
      Was this review helpful? 1
      , kolkata
      Reviewed on May 19, 2019
    • HSBC Bank Credit Card
      "AVERAGE"
      0.5 2.5/5 "Just OK"
      The card is not user friendly and not in fuel offers with the HSBC BANK, unable to change the pin with the ATM, i am getting offers with the book my show which is buy 1 get 1. Application is not good and it is slow and there is no ATM is available with this bank.
      Was this review helpful? 1
      , kolkata
      Reviewed on May 19, 2019
    • ICICI Bank Credit Card
      "Better "
      0.5 4.5/5 "Excellent!"
      I am using ICICI Credit card for last 3 years. I am happy with the credit limit and never gone for enhancement. They don't charge annual fee always. I got reward points and cash back offer for purchasing online. I get one movie ticket as free for every month. The customer care is very supportive. Once I tried EMI and the charges are little high.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 19, 2019
    • Bank Bazaar Credit Card
      "CONVENIENT PORTAL TO USE"
      0.5 4.0/5 "Great!"
      It is the first time experience with the Bankbazaar.com as i am using it through the mobile application as the application is easy and user friendly to access. The customer service is good and they are responsive with this channel by explaining the details of the card.
      Was this review helpful? 1
      , kolkata
      Reviewed on May 19, 2019
    • YES Bank Credit Card
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It is with a life time free card so i have taken the card with the YES BANK. The documentation process was simple and easy to get the card with this bank. The credit limit is satisfactory and it is a free card. I am getting rewards points but not aware of the points.
      Was this review helpful? 1
      , kolkata
      Reviewed on May 19, 2019
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