Student Credit Cards have gained a substantial response these days. With School and College students working part-time and full-time jobs and getting actively involved in the freelancing workspace, student credit cards help them ease a bit of Financial burden off their heads and give them rewards in return. Looking at the situation in India, we too have Student credit cards here, as a lot of fresh graduates often feel to have some credit facility that would benefit them in the future course of time.
Student cards play a significant role when it comes to building up your credit score. These cards generally don’t have any credit score requirement but definitely help in building up the score which would help you gain better credit facilities at low-interest rates. Following are some of the Best Student Cards in India available today:
SBI Student Plus Advantage Credit Card:
SBI issues this card to those students who have availed student loan from the State Bank Of India. Student Plus Advantage credit card is offered with no joining fee and offers benefits just like a regular credit card.
Benefits of this card include:
For every Rs.200 spent you get 1 Reward Point
Annual Spend of Rs.35,000 will waive off your annual fee of Rs.500
Cash withdrawal facility at all Visa and Mastercard ATMs
Purchases can be converted into Easy EMIs
Fuel Surcharge waiver of 2.5% for fuel transactions between the range of Rs.500 to Rs.3000
Kotak 811 # DreamDifferent Credit Card:
This is a secured lifetime free credit card offered by Kotak Mahindra Bank. DreamDifferent Credit Card is issued against a security deposit of Rs.15,000 and has no other fee. Although this card is not a dedicated student card, it can be issued to anyone above 18 years of age who can deposit the security amount.
Key Features of this card include:
Minimum Deposit of Rs.15,000
credit limit of 90% of the Minimum Deposit
Every 100 rupees spent will fetch 2 reward points
1% fuel surcharge waiver for all fuel transactions between Rs.500 and Rs.3,000
An annual spend milestone of Rs.75,000 will fetch a cashback of Rs.750 or 4 PVR Tickets
Also Check out Tips To Apply For Your First Credit Card
ICICI Bank Student Forex Prepaid Card:
Although this is not a credit card but it acts like one. It is offered at a joining fee of Rs. 499 and an annual fee of Rs. 199. ICICI Bank Student Forex credit card is a prime choice for foreign students as they offer dedicated foreign transaction benefits. Some major features and benefits of this card are as below:
Complimentary International student Identity card membership of Rs.999 on joining
Counterfeit liability coverage up to Rs.5,00,000
Discount of 40% on excess baggage and 20% off on DHL courier
No complex system of applying for this card
Lost card protection Plus Insurance of Rs.1,600 for free.
Additional Reading: Amazon Pay ICICI Credit Card: Advantages And Disadvantages You Should Know
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