Introduction

Are you a student in India who is 18+ and wants to manage your money properly and build a decent credit score or you are fed up paying fuel expenses, movie tickets, parties, and birthday expenses and want to come over from your parent's pocket money and wanna be self-dependent? Then you must be looking for the best credit card for students in India. In this blog, we will cover some top credit cards for students which will lower the financial burden of the students. So this blog could be your one-stop destination if you are a student and want to know everything about Credit Cards.

Credit card selection may seem difficult at first, but don't worry! We have you covered with our fascinating and informative blog about the top 10 must-have features of the best student credit cards in India that might help you understand the right choice of credit card.

 

 

Let’s See These Features One by One

• Low Annual Fee: Credit cards for students typically have no or low joining fees and low yearly fees.
• Student-Friendly Rewards: Student credit cards offer a variety of reward and loyalty schemes, as well as cash-back perks. Some cards provide discounts on purchases and transactions.
• Grace Period: This period allows students to use their cards interest-free with no extra charges even if the payment date of the bill is due. Students can also delay the repayment of loans for 6 months in the grace period.
• Balance Transfer Facility: Students get this facility to avail the ease of transferring their debts from one account to another.
• Fuel Surcharge Waiver: There is a fuel surcharge waiver on the amount spent. Different cards provide different rates of surcharge waivers based on the amount.
• Contactless Payments: This feature allows students to make the transaction at the point of sale without touching the card. So students need not enter the PIN to make transactions up to a certain fixed amount limit.
• Add-on Card Facility: With this facility, users can avail of other add-on credit cards with a primary card without curtailment in the credit limit.
• Online Account Management: With this feature, students can easily check their balance, purchase history, set phone or email alerts, etc.
• Credit Limit Increase Options: With an increased credit limit students can get more perks, multiple credit cards are not required which saves fees and other charges, and a higher CIBIL score is maintained.
• Strong Customer Support: With excellent customer support students can have timely resolution of the queries related to their credit cards.

Students' life is challenged in many ways and in a country like India where the majority belong to Middle-Class families then one more challenge hits at this stage is to meet personal expenses like fuel expenses, movie tickets, etc So we have brought some best credit cards for students in India which financially assists students with a wide range of features that help students in saving their pocket money and paying their expenses.

 

5 Best Student Credit Card 

HDFC Bank ISIC Student ForexPlus Card

The HDFC ISIC Student ForexPlus Card for students with no income is the best credit card without income proof and is the best suited for students studying abroad. The card is available in three regularly used currencies: USD, GBP, and Euro.  

Benefits:

It is offered in three major currencies: USD, GBP, and EUR.

It allows for instant reloading of money onto the card.

It is recognized as a student identity card around the world.

It enables you to cash out money in your preferred local currency.

Forex Benefits: The HDFC Bank ISIC Student ForexPlus Card is available in three major currencies: USD, GBP, and EURO.

Once the card is filled, you won't have to worry about FX swings.

Withdraw the desired local currency from ATMs using the HDFC Bank ISIC Student ForexPlus Card.

Reloading Benefits: Prepaid NetBanking allows you to easily reload your HDFC Bank ISIC Student ForexPlus Card from any location.

World-wise Acceptance: The HDFC Bank ISIC Student ForexPlus Card is acknowledged as a valid student ID card globally.

It can be used at any major facility worldwide that accepts VISA or MasterCard.

Insurance Coverage: The HDFC Bank ISIC Student ForexPlus Card provides complimentary insurance coverage.

This complimentary insurance cover protects against counterfeiting and skimming, aviation accidents, road or rail accidents, document loss, loss of checked-in baggage, currency loss in transit, and other incidents.

Other Benefits: Exclusive benefits include savings on accommodation, dining, books, shopping, and travel in over 130 countries with 41,000 partners.

Click Here to Instant Apply for the HDFC Bank ISIC Student ForexPlus Card

 

IDFC First WOW Credit Card

The First WOW Credit Card by IDFC Bank provides numerous features and bonuses. It is a secured card that charges no joining or renewal fees to cardholders. Thus, the IDFC First Credit Card is free for life. Aside from that, the credit card has zero foreign markup cost. As a result, you will not incur any additional fees or charges when conducting overseas transactions.

Benefits: 

Annual Fee: Lifetime free with no annual or membership fees.

Rewards Rate: 4x reward points on every purchase.

Aspirants are eligible for the IDFC First WOW Credit Card with no documents.

It offers a Fixed Deposit (FD) interest rate of 6.25% per year.

No Forex markup fee.

It offers great deals in 300+ retail outlets and 20% discounts at over 1,500+ eateries.

The cardholders can withdraw their FD money while earning interest on it.

Get up to 9% per annum on carryover balances.

WOW Privileges: Get an additional Rs.1,399 in roadside assistance up to four times per year.

It offers Personal Accident Coverage of Rs.2 lakhs and Lost Card Liability Coverage of Rs.25,000.

Get up to 20% off on meals at over 1,500+ restaurants in India.

It provides a maximum discount of 15% on purchases made at over 3,000 Health & Wellness establishments across the country.

WOW Convenience: Cardholders can convert transactions worth more than Rs.2,500 into easy EMI.

The cardholders can use its balance transfer capabilities to settle the amounts on their other bank credit cards.

Cardholders can use reward points to make purchases at online and partner retail establishments.

The card has the lowest interest rate when compared to other credit cards.

IDFC First Bank's mobile application has a simple and fluid user interface.

Receive 5% cashback on your first EMI transaction for purchases up to Rs.1,000.

Click Here to Instant Apply for the IDFC First WOW Credit Card

 

SBI Student Plus Advantage Credit Card

SBI Student Plus Advantage Card is a credit card for students with no income and can be issued by the State Bank of India (SBI) if you have obtained an education loan from the lender.

Benefits: 

Annual Fee: Nil

Rewards Rate: 1 bonus credit for each Rs.100 spent.

A 2.5% fuel surcharge is waived.

After spending Rs.35,000 within 12 months, the annual charge of Rs.500 would be waived.

Fuel Benefits: A 2.5% fuel levy is waived on every fuel payment ranging from Rs.500 to Rs.3,000.

Cash Withdrawal Benefits: Get cash from more than 1 million Visa and MasterCard ATMs.

Accessibility: Your credit card can be used to make foreign purchases at over 24 million stores worldwide, including 3,25,000 in India.

Flexipay Benefits: If purchases surpass Rs.2,500, you can utilize the Flexipay service to turn them into an EMI.

Balance Transfer Benefits: You can transfer outstanding debts from other credit cards to this card and pay them off at a cheaper interest rate.

Other Benefits: You can book your rail tickets online on the IRCTC website and have them delivered to your home.

You can use your credit card to pay utility bills.

Click Here to Instant Apply for the SBI Student Plus Advantage Card

 

MNSSBY Bihar Student Credit Card

The Bihar Student Credit Card Yojana through MNSSBY Bihar Student Credit Card is a loan plan launched in 2016 with the primary goal of assisting students in paying their college tuition. Students who finished their 12th grade can obtain financing of up to Rs.4 lakh at reasonable interest rates. Students can obtain a loan to fund courses such as B.Tech, M.B.B.S., B.Sc., and B.A. You need not be earning to get this credit card as this card requires no salary slip or income proof. Hence if you’re looking for such a credit card without salary slip then here this card could be one of your choices.

Benefits: 

Annual Fee: Nil

The highest loan amount is Rs.4 lakh.

You can use the loan for technical, polytechnic, and basic courses.

If you need money to buy computers, books, or pay fees, you can get it.

Only after completing the course and landing a job will you be required to begin repaying the loan.

The interest rate for Divyang, transgender, and female students might be as low as 1%.

Because the loan is owned by the government, the recovery procedures are less strict. In some instances, the government may waive the balance.

Click Here to Instant Apply for the MNSSBY Bihar Student Credit Card

 

ICICI Bank Student Forex Prepaid Card

The ICICI Student Forex Prepaid Card has been launched to facilitate student travel and education. The card's joining fee is Rs.499.

Benefits:

Joining Fee: Rs.499

Annual Fee: Rs.199 (second year onwards)

Get a Card Protection Plus insurance costs Rs.1,600.

Enjoy a 40% discount on your excess luggage.

You receive an International Student Identity Card (ISIC) membership worth Rs.590.

Welcome Benefits: You get an International Student Identity Card (ISIC) membership of Rs.590.

You receive a Card Protection Plus insurance of Rs.1,600.

Get a lost card/counterfeit card liability coverage of up to Rs.5 lakh.

Voucher Benefits: You get a Croma voucher when you join.

Travel Benefits: Discount of 40% on your excess baggage.

20% discount on your courier service by DHL.

Click Here to Instant Apply for the ICICI Bank Student Forex Prepaid Card

 

West Bengal Student Credit Card

The West Bengal Student Credit Card Scheme also provides loans to students participating in coaching programs for competitive tests in professions such as medicine, IAS, engineering, and IPS.

Benefits:

The maximum loan amount granted is Rs.10 lac.

Loans are offered at an affordable rate of interest of 4% per annum.

A 1% concession will be granted to debtors who pay their interest in whole during the study period.

The debt repayment period is 15 years, including a one-year moratorium/repayment break.

You will receive life insurance coverage in your name up to the loan balance. The insurance premium must be paid by the student and may be taken out of their loan balance.

Click Here to Instant Apply for the West Bengal Student Credit Card

 

Conclusion

If you are from West Bengal provided your family lived there for at least 10 years and you need a loan for some fixed term to pursue higher studies then, the West Bengal Student Credit Card can be the best option.

If you are from Bihar of at least 25 years and you need a loan of a maximum of 4 lac for some fixed term to pursue higher studies then, the MNSSBY Bihar Student Credit Card can be the best option.

If you intend to save money on fuel consumption and daily Spends like on money transfer and rail ticket booking then you can consider the SBI Student Plus Advantage Credit Card.

If you are studying abroad and have an interest in traveling to different countries then the HDFC Bank ISIC Student ForexPlus Card might be suitable for you.

If you are a foodie who tries different cuisines at various points then you can find IDFC First WOW Credit Card suitable for you.

Before selecting any card prioritize your purpose, which can make it easy for the correct selection of the card.

Hope this blog helped you with the information that you were seeking.