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You can use the Bihar student credit card to fund your study materials, books, and stationery, or even to pay your education fees. Yes, credit cards issued against fixed deposits can be used by students studying overseas. However, if you wish to get a student credit card to build your credit score, an add-on card will not be helpful. These were the credit cards that are most suited for students and youngsters in India. In India, credit cards can be issued to students who are 18 years of age. The state of West Bengal has implemented credit cards for students.
Paisabazaar Step UP (SBM) Secured Credit Card
Despite its annual fee, the card offers many value-added benefits, such as movie and dining deals, free access to domestic airport lounges, and more. The card also offers dining benefits, including a discount of up to 15% at over 2,000 premium restaurants across the country. Not only do cards offer a line of credit, but they also carry many other benefits, such as rewards on each eligible spend. As a student, it’s crucial to consider various features when choosing a credit card. However, the eligibility criteria for any credit card is not limited to just the age requirement, but rather includes other factors, like credit history and score, nationality, place of residence, income, among other internal conditions as decided by the credit card provider.
- Only immediate family members of the primary user can avail add-on cards.
- In India, credit cards can be issued to students who are 18 years of age.
- If you’re a student seeking a credit card with low joining and renewal fees, look no further than the Bank of Baroda Easy Credit Card.
- Yes, student credit cards are available in West Bengal for student residents who have been in the state for more than 10 years.
- The card also offers dining benefits, including a discount of up to 15% at over 2,000 premium restaurants across the country.
Student Credit Card Eligibility Criteria
Residents of West Bengal for at least 10 years or more are eligible to avail student credit cards, with the upper age limit capped at 45 years.Additionally, one must have passed class IX from recognized boards in West Bengal and must be enrolled in class X or for 10+2 higher education. Top student credit cards include SBI Student Plus Advantage Credit Card & ICICI Bank Student Forex Credit Card.Additionally, you can also get secured credit cards like IDFC FIRST WOW Credit Card, Paisabazaar Step UP Credit Card, Kotak 811 #DreamDifferent Credit Card and ICICI Coral Contactless Credit Card. Since students usually do not make an earning, student credit cards do not come with income eligibility. After gaining an understanding of student credit cards, the next step is to find out how to apply for a student credit card in India. Yes, student credit cards are available in West Bengal for student residents who have been in the state for more than 10 years. There are some banks that extend add-on credit cards to students as young as 15 years of age.
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Credit cards are considered to be a great mark of independence and financial freedom. Credit cards are one of the toronto mexican easiest and most significant ways to begin your credit journey. Whichever credit card you choose, remember to clear your dues on time. The cards contained in this list are good starting points and have zero joining fees, no income requirement, and have fixed deposit-based security. These advantages contribute to developing financially responsible habits and a good credit profile.
What is the maximum credit limit that can be availed on a student credit card?
With this card, you can get cashback on partner brands such as Swiggy and Uber. Students prefer this card as it provides high cashback for purchases made on Flipkart. We’re working to add these types of notifications to the card in the future. We’re working to add additional types of notifications to this card in the future. Trade Brains is India’s trusted financial and business news portal. This may be much higher than what most banks will extend to you.
Students can avail of these loans to further their education across technical, polytechnical, and general fields. You will always need a good credit score to avail of different facilities, like your own house, your car, etc. Hence, building and maintaining a good credit score from the very start is very important. Step 3– Click on the “Apply Now” button for the card of your choosing,
Tell us which card appealed to you the most or if you are already using one. How you begin your credit journey will later determine many factors in your life, such as taking on loans. However, it is crucial to make financially responsible decisions when using one. They experience financial independence and freedom for the first time. There are so many activities and courses that we wish to do but are sometimes unable to because of financial constraints.
A credit card would empower students to be financially independent and teach them how to manage their own finances. Being a student, one cannot afford fancy credit cards with high joining fees and monthly income criteria. As a student seeking to create a better credit profile, you should start by applying to a card that is inexpensive, not difficult to qualify and lastly, a card that has the potential to add value to you long term. Selecting the appropriate credit card as a college student plays a big role in shaping up a good financial base and credit history.
Earlier, it used to be one of the most sought-after cards, but since its devaluation, some features like free airport lounge access have been removed. It has a joining fee of ₹1,000 and offers 5% cashback as CashPoints across popular platforms and brands. In addition to cashback, you can also receive gift vouchers worth up to ₹2,000 when you reach the spending milestones of ₹2 lakh in a year. Additionally, this card offers savings of up to 4.45% on fuel purchases made at BPCL fuel pumps.