Weekly Spotlight Series: Our Top 5 Picks for Student Credit Cards
Last Updated : April 1, 2024, 11:59 a.m.
Welcome to our ‘Weekly Spotlight Series’, where every week we explore and rank top credit cards across various categories to help you make informed financial decisions. This week, we turn our focus to the future shapers and leaders: students.
Presenting our curated selection of the top student credit cards, designed to empower your academic and personal journey. From managing monthly budgets to building a positive credit history, these cards are crucial for setting a strong financial foundation.
We’ve carefully selected the top student credit cards that stand out for their practical benefits, such as low fees, reward programs, and flexible payment options, tailored to support the student lifestyle. Let’s begin!
Best Student Credit Cards to Explore This Week
SBI Student Plus Advantage Credit Card
| Particulars | Details |
|---|---|
| Joining Fee | NIL |
| Annual Fee | NIL |
| Bonus and Rewards | Get 1 reward point for every Rs.100 spent on the card. |
Features and benefits:
- This card can be availed only if you have an education loan with State Bank of India or hold an FD at any SBI branch.
- Receive annual fee waiver on spending more than Rs. 35,000 in the previous quarter.
- Get 2.5% fuel surcharge waiver at all petrol stations in India.
- Enjoy 10X rewards on departmental stores and grocery spends.
- Earn 10X reward points on International spends.
- Railway tickets booked through this card will be delivered to your doorstep.
ICICI Bank Student Forex Prepaid Card
| Particulars | Details |
|---|---|
| Joining Fee | INR 499 |
| Annual Fee | INR 199 |
| Bonus and Rewards | Free Uber voucher worth Rs. 500 |
Features and benefits:
- Enjoy membership to the International Student Identity Card (ISIC) worth Rs. 999.
- Receive complimentary access to international airport lounges.
- Get a 40% discount on excess baggage.
- Enjoy a 20% discount on DHL courier service.
- Receive a free international sim card.
- Benefit from Lost Card/Counterfeit Card liability coverage up to Rs. 5 lakh.
Kotak 811 #DreamDifferent Credit Card
| Particulars | Details |
|---|---|
| Joining Fee | NIL |
| Annual Fee | NIL |
| Bonus and Rewards | 500 reward points on spending Rs. 5,000 in the first 45 days |
Features and benefits:
- Get 1 reward point for every Rs. 100 spent on all categories except fuel, cash withdrawals and railways.
- Get 2X rewards on online spends.
- On annual spends of Rs. 75,000 get Rs. 750 cashback or 4 PVR Movie Tickets.
- 1% fuel surcharge waiver for all fuel transactions between Rs. 500 and Rs. 3,000.
- Up to 2.5% railway surcharge waiver when booking tickets through IRCTC online or at booking counters.
- Get interest-free cash withdrawals up to 48 days.
IDFC FIRST WOW Credit Card
| Particulars | Details |
|---|---|
| Joining Fee | NIL |
| Annual Fee | NIL |
| Bonus and Rewards | Get 4X reward points on every spend |
Features and benefits:
- Receive an interest rate as high as 7.5% on your fixed deposit.
- Enjoy a grace period of up to 48 days without interest charges.
- Guaranteed credit limit of at least 100% of your fixed deposit sum.
- Access to ATM withdrawals up to the full value of your FD.
- Benefit from zero charges on foreign exchange conversions.
- No requirement for credit history or proof of income.
ICICI Coral Contactless Credit Card
| Particulars | Details |
|---|---|
| Joining Fee | INR 500 |
| Annual Fee | INR 500 |
| Bonus and Rewards | 2 PAYBACK Points per Rs. 100 spent |
Features and benefits:
- Enjoy a 25% discount up to Rs.100 when you buy a minimum of two movie tickets on BookMyShow and Inox, available two times a month.
- Enjoy a 1% fuel surcharge waiver at Hindustan Petroleum Corporation Limited fuel stations.
- Receive one free domestic lounge access every quarter.
- Gain one complimentary quarter entry to selected airport lounges in India upon spending Rs 5,000 or more within a calendar quarter.
- Qualify for an Annual Fee Waiver by spending Rs. 1.50 Lakh.
- Save up to 15% on dining at more than 2,500 partner restaurants.
Final Thoughts!
It’s clear that the right credit card can significantly influence a student’s financial journey, providing not just a safety net but also a platform for building a solid financial future. Each card we’ve explored offers unique benefits tailored to fit the student lifestyle, from waiving fees to enhancing spending with rewards and perks.
Remember, the key to making the most of these financial tools lies in responsible usage and understanding the terms and conditions to avoid any surprises.