Did you know students can build their credit score by using credit cards without having an income? There are other benefits of credit cards as well that students can enjoy. If you are planning to take a credit card, you may choose from our list of the top 5 best credit cards for students.
Suggested read: Best Luxury Credit Cards in India
Top 5 best credit cards for students
1. SBI Student Plus Advantage card
This card offers a wide range of student-oriented benefits. This card is specifically issued for students who took an educational loan from SBI. However, if anybody opens a fixed deposit in any branch of SBI, they also become eligible for the card.
Balance from another credit card can be transferred to an SBI credit card for the users to enjoy lower interest rates on their EMI. There is no annual fee on this card. Users get 10x reward points when they do international transactions.
The card offers 2.5% value back on shopping in grocery or departmental stores. A 2.5% fuel surcharge waiver is given on all petrol pumps across the country. People get 1 reward point every time they spend Rs. 100.
2. Kotak 811 Dream Different credit card
Students can avail of several offers by using this credit card. 500 reward points are given as a welcome bonus for spending Rs. 5000. Cash withdrawal limit is set at 90% on credit. Interest-free cash withdrawal is possible for up to 45 days. The rate of interest is set at 2.99% per month.
4 PVR movie tickets and a cashback of Rs. 750 are given on an annual spend of Rs. 75000. A 1% fuel surcharge waiver is given on fuel expenditures between Rs. 500 and Rs. 3000.
3. ICICI Coral Contactless credit card
This card offers students the facility of cashless transactions along with various other benefits. For every Rs. 100 spent, 2% payback points are given. A 1% payback point is given on the insurance and utilities for every Rs. 100 spent. Users can avail of a 1% surcharge waiver on Hindustan Petroleum petrol pumps.
Domestic lounge access is given to users quarterly. The annual fee is waived on spending more than Rs. 1.5 lakhs in a year. Up to 15% discount is offered on dining bills in over 2,500 restaurants across India.
4. Axis Bank Insta Easy credit card
This card can be instantly activated from the Axis Mobile app. Customers get a credit limit of up to Rs. 1 lakh instantly which they can use for shopping online and other transactions.
There is no annual fee or joining fee for this card. The interest-free credit period is up to 45 days. There are multiple payment options to choose from. There is no paperwork required to get this card. The physical card is also not required to carry on transactions.
5. HDFC Multi Currency Platinum ForexPlus Chip card
This is a great option for students pursuing education abroad. It can be accessed in 23 nations. As the name suggests it is a multicurrency card. Hence, this card can hold different currencies. The credit card allows transactions through secured wallets online.
It offers protection from unforeseen accidents and frauds of up to Rs. 5 lakhs. There are other schemes and discounts available for students. Transactions can be done through net banking as well.
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Also read: Choosing the Best Credit Card for International Travel
