Student Credit Cards in India
As a student in India, having a credit card can be a useful tool for building credit and managing expenses. However, it’s important to choose a credit card that is suitable for your needs and offers benefits that are relevant to you.
The student card is a convenient and safer alternative to carrying cash when traveling abroad. This credit card comes with currency exchange facilities and is the best choice for students. It offers users discounts and other offers and usually has lower exchange fees than other currency cards.
Student credit card sector in India is still in its nascent stage and limited to few options but it is easy to get as they always ask to open a backup FD as collateral so that students with no previous credit history can get them . card. Forbes analyzed the cards for this purpose and made a list of the most useful of them.
Here are some of the best student credit cards in India for 2023:
HDFC Bank Millennia Student Credit Card: This card offers 5% cashback on Amazon, Flipkart, flight and hotel bookings, and 1% cashback on other spends. It also offers fuel surcharge waiver, discounts on dining, and a complimentary insurance cover.
ICICI Bank Instant Platinum Credit Card: This card has no joining or annual fees and offers discounts on dining, entertainment, and shopping. It also offers a 15% discount on dining bills at participating restaurants.
SBI Student Plus Advantage Card: This card offers a 1% cashback on all purchases, a 2.5% fuel surcharge waiver, and a 1% railway surcharge waiver. It also offers discounts on dining, shopping, and entertainment.
Axis Bank Insta Easy Credit Card: This card is suitable for students who have no credit history and offers a credit limit of up to Rs. 20,000. It has no annual fee and offers discounts on dining, shopping, and movies.
Kotak Mahindra Bank Aqua Gold Credit Card: This card is suitable for students who have no credit history and offers a credit limit of up to Rs. 10,000. It has no joining or annual fees and offers discounts on dining, shopping, and entertainment.
When choosing a student credit card, consider factors such as the rewards program, annual fee, credit limit, and discounts. It’s important to use the card responsibly and pay your bill on time to avoid late fees and interest charges.
