Best Student Credit Cards 2022

Here are the best credit cards that every student can get to avail of exclusive benefits.

by Sahil_Jain Updated: 11 Aug, 2022, 10:26 IST
21 3201

Being a student without adequate funds is a nightmare for many. There are expenses that you must meet without forgetting your budget. This is where the student credit cards come in. Though multiple banks provide credit cards with features for students only, picking the right one for you can be quite tricky. No worries; today, we will talk about the best credit cards for students in India.

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Which Credit Card is the Best for Students in India?

There are various forms of plastic money and they offer different features too. But, the problem is choosing the perfect credit card for a student. Though, we have set criteria that an ideal student credit card should meet. So, here are the features that your credit card must have if you are a student:

Credit Limit: A student credit card must have a lower credit limit. Students may not be aware of money management and may incur a big amount of debt. Providing them a source of funds is good, but only if they do not overuse it. On the other hand, an extremely low credit limit may also be problematic for students. Thus, the credit limit of a student credit card should be appropriate.

Less Fee: Banks often charge a high amount of interest and taxes on their credit card holders. Though this may not be such a big problem for businessmen, students may have a hard time dealing with high charges, right? Thus, make sure that the credit you pick for yourself has a lesser fee. There are different aspects for a bank to charge you based on your usage. So you should first ask all the necessary questions to the bank officials before getting a student credit card.

No Income Eligibility: Since the primary consumer here is a student, income eligibility is the last thing a credit card should need.

Rewards: Banks often provide their student cardholders with certain rewards. These rewards can be helpful for you depending on your preference.

That's it! These are the minimum requirements that a good student credit card should meet. You may add some other pointers to the list if you may need some other features as well.


 Top 5 Credit Cards for Students in India

We have prepared a list of the best 5 credit cards for students that you can get. Now that you know what a good credit card for students is, let us see which one is perfect for you:

SBI Student Plus Advantage Card

The State Bank of India offers a great deal to all students. Here are the benefits that you get with the SBI Student Plus Advantage Card:-

1. It has an annual fee of Rs.500 which is waived off if a user spent Rs.35,000 or more in the previous year.

2. Its Flexipay benefit converts large bills/transactions into smaller EMI payments. This puts less pressure on a student.

3. The users get reward points on each transaction of Rs.100 or more. These reward points help students to pay their outstanding balance if any.

4. Gives a waiver of 2.5% on fuel transactions from Rs.500 to Rs.3,000.

Along with these features, there are many other benefits that you will get with the SBI Student Plus Advantage Card. Make sure that you check them all on SBI's official site.

Note: This student credit card is available for only those students who have taken a student loan from the State Bank of India or have made a fixed deposit.

Kotak 811 #DreamDifferent Credit Card

This credit card is a decent offering from Kotak. Here are some of its most interesting features:

1. Students get 500 reward points if they spend Rs.5,000 within the first 45 days of setting up the credit card.

2. You also get 2X rewards on online transactions.

3. Except for fuel, you get 1 reward point on every Rs.100 spent.

4. You can withdraw 90% of your credit limit in cash.

Make sure that you check all the features of this excellent student credit card from Kotak.

Note: Students need to make a new FD or link their existing one to get this CC.

ICICI Bank Student Travel Card

Students who study abroad often face problems with getting a good enough credit card for them. ICICI solves this problem with its Student Travel Card. This credit card can be a good choice for these reasons:

1. Works at all the outlets that support MasterCard. It means that you can withdraw money at any MasterCard-supported ATM all over the globe.

2. You also get an International Student ID Card membership. It unlocks new rewards for the user.

3. You get many merchant offers and discounts in more than 130 countries.

4. Better foreign currency exchange rates.

Axis Bank Ace Credit Card

Axis sets a bar for all student credit cards with this one. Being quite different from its competitors, Axis offers these unique benefits:

  1. 5% cashback on bill payments and mobile recharges. 4% cashback on Swiggy, Zomato, and Ola. No upper limit on cashback.

  2. 4 lounge visits are included with the card.

  3. 1% fuel surcharge waiver.

  4. 50 days free credit period.

HDFC Student ForexPlus Card

The HDFC ForexPlus Card does just what its name suggests. It is a great help for students who plan to study abroad. Here are the benefits that you may get with this credit card:

1. Supports all VISA and MasterCard outlets.

2. Prevents users from foreign exchange rate fluctuations.

3. You need not have an account in HDFC bank to get this card. Simply get it with the necessary documents and you're good to go.

4. This card supports ten major currencies which are used in the world. So you don't have to worry about your whereabouts.

If all these credit cards’ details are difficult to catch up with, refer to the table given below:

Credit Card Features

Joining Charges

Reward Point/Rs.100

Annual Fee

Interest Rates

SBI

N/A

1

Rs.500

2.25%/month

ICICI

Rs.499

N/A

Rs.199

Kotak

N/A

1

Nil

3.50%/month

Axis

Rs.499

N/A

Rs.499

3.6%/month

HDFC

Rs.300

N/A


We hope that this table will help you understand all these services better for every student credit card that banks offer.

These are the best student credit cards that you can get in India. Even though all these cards give appealing offers, it's your call to make the right decision regarding the perfect option for you. Every bank has a better deal than the previous one, but not every credit card is suitable for all students, right?

Now, if you're a concerned parent and need a good, rewarding credit card for yourself, do check out our thread on the Best Credit Card with Max Benefits.

Top Comments
Hunk Hunk
Link Copied

As a community, let's be responsible enough and not encourage student credit cards. Students do not need credit cards. Students do not need to maintain their CIBIL. Students do not need offers and all on shopping websites.
There is no service/product that accepts "only credit card". Nearly everything in India supports debit card/upi.

Students are not earning as such, which is why they're highly likely to fall in debt trap if given credit cards. For master/pg students, this might be different though, but for undergrads/school students, parents should be the one giving them options.

Hunk Hunk
Link Copied
Expand
Sahil_Jain wrote:
I understand your concern and you have a point too. But, many students do not have any income source to even use a debit card or UPI. Even though credit cards have a high risk of increasing a student's debt, they can be quite helpful if used properly. At the end of the day, everything comes down to a person's money management skills. Also, if they can make a good career by using a credit card now, they will surely be able to pay off their debts too in the near future. This article is just our way to help students pick a good CC if they're looking for one. 

Actually bhai the problem is a lot of students can't afford their education fee and they take loans for that purpose. 🙂 Do students take credit cards? Yes, rich parents give their kids credit cards. It's just not fair to overburden a student with such things. 100% focus should be on study only, that's what I personally feel. They should be given exposure to finance management etc. A student needs to spend some threshold amount to get annual fee waiver. Those are the negative points. Credit cards can give a good cibil score if properly used. And it will help them once they step in to real life situation. They ll know how to manage money. And parents can have the real control on their expenditures. Honestly if a kid is a rotten one harshest rules can contain it from doing mischief. We all read about how students wipe parents' account for pubg n what not. 🙂 All these credit cards have bad rewards rates and that's good. And all these things can be achieved via a simple debit card as well. I am super grateful to my parents that they hadn't given me financial liberty. Today I play with some money, stock market, back in 2005-2007 I was given 3₹ daily only to buy parle-g. And I would save those money. If 5₹ was given then I had to return that 2₹. At that time 5₹ used to fetch 3-4-5 panipuris and a small cake, which are sold in local panwala shop. My first debit card was given in 2010-11. My father used to give 100₹ to fill that money deposit form n give it to the bank cashier. 🙂 And since online transaction was not that popular I could not think of a way to use it online. UPI and debit cards are better n safer ways to teach kids about finance stuff. @atx88

The PostMighty The PostMighty
Link Copied
Expand
Sahil_Jain wrote:
Hey!
Can you please share your source with us? Or maybe tell us more about these cards so that we can help other users.
Personally Visited all these Banks and Told them,then they told me they issue it on the basis of FD Backed!

Without Income Proof ,how they are gonna issue us the credit card,that's what they said
21 Comments  |  
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Deal Cadet Deal Cadet
Admin
shraaj wrote:

All are FD Based

Hey!
Can you please share your source with us? Or maybe tell us more about these cards so that we can help other users.
The PostMighty The PostMighty
Expand
Sahil_Jain wrote:
Hey!
Can you please share your source with us? Or maybe tell us more about these cards so that we can help other users.
Personally Visited all these Banks and Told them,then they told me they issue it on the basis of FD Backed!

Without Income Proof ,how they are gonna issue us the credit card,that's what they said
Deal Newbie Deal Newbie
Expand
shraaj wrote:
Personally Visited all these Banks and Told them,then they told me they issue it on the basis of FD Backed!

Without Income Proof ,how they are gonna issue us the credit card,that's what they said

Even i have income proof but online they rejected every time, boss koi jugad chaiye credit card ke liye to verna nai milta

Hunk Hunk

As a community, let's be responsible enough and not encourage student credit cards. Students do not need credit cards. Students do not need to maintain their CIBIL. Students do not need offers and all on shopping websites.
There is no service/product that accepts "only credit card". Nearly everything in India supports debit card/upi.

Students are not earning as such, which is why they're highly likely to fall in debt trap if given credit cards. For master/pg students, this might be different though, but for undergrads/school students, parents should be the one giving them options.

Deal Cadet Deal Cadet
Expand
readmyhelp406 wrote:

Even i have income proof but online they rejected every time, boss koi jugad chaiye credit card ke liye to verna nai milta

Kaagaz vs reality 🤣🤣
Deal Cadet Deal Cadet
Expand
readmyhelp406 wrote:

Even i have income proof but online they rejected every time, boss koi jugad chaiye credit card ke liye to verna nai milta

What is जुगाड़ doing here. Even bank manager is your chacha then also he can't give CC. Its only basis on credit managers decision.
Cool Cool
Students should focus on their future and careers.
Deal Cadet Deal Cadet

Students must not use credit cards.

Deal Cadet Deal Cadet
Admin
atx88 wrote:

As a community, let's be responsible enough and not encourage student credit cards. Students do not need credit cards. Students do not need to maintain their CIBIL. Students do not need offers and all on shopping websites.
There is no service/product that accepts "only credit card". Nearly everything in India supports debit card/upi.

Students are not earning as such, which is why they're highly likely to fall in debt trap if given credit cards. For master/pg students, this might be different though, but for undergrads/school students, parents should be the one giving them options.

I understand your concern and you have a point too. But, many students do not have any income source to even use a debit card or UPI. Even though credit cards have a high risk of increasing a student's debt, they can be quite helpful if used properly. At the end of the day, everything comes down to a person's money management skills. Also, if they can make a good career by using a credit card now, they will surely be able to pay off their debts too in the near future. This article is just our way to help students pick a good CC if they're looking for one. 
Deal Hunter Deal Hunter

The kotak card 100% FD based. Please include all the relevant information. This looks like a pointless article. 

Deal Cadet Deal Cadet
Admin
DEALSTER wrote:

The kotak card 100% FD based. Please include all the relevant information. This looks like a pointless article. 

Thank you for your help. 
Will include this information right away.
Deal Lieutenant Deal Lieutenant

Irrelevant thread

Afaik it is nearly impossible for a student to get credit card directly on the basis of cibil as they have no source of income and that is why bank will never give them cc ..

Students should not use credit card and instead focus on study 

A short message to OP :- 

https://cdn0.desidime.com/attachments/photos/795848/original/images_%281%29_%2821%29.jpeg?1660238189

The PostMighty The PostMighty
Expand
Sahil_Jain wrote:
But, many students do not have any income source to even use a debit card or UPI. Even though credit cards have a high risk of increasing a student's debt, they can be quite helpful

Banks wanted to Earn Money from Every Aspect. They are in Business to earn Money by Offering Credit Cards, Various types of Loans, and Various A/c Charges.


Read your statement once again, if the student doesn't have any income why bank or anyone should give them the Credit Card or Loan? The government gives them Scholarships (For Poor, Eligible Scholar Students) to Manage their Educational and LIving Expenses!)


These things are like Extra Money for them, They will spend it and forget it and why would banks have to bear this, is this social work or is it beneficial for society? Banks give Loans/Credit Cards to ONLY those People who are Liable or have Background Income sources then only they pass the Application of CC or Loan.


If you have Credit Card (Forget Honest Money Management People who use their credit card people wisely), and now consider why banks are offering Life Time Free Credit Cards without any charges and for that, they have to bear various charges like documentation. Salary of employees, IT and Many things even they have to reward you with various offers, cashback its because someday they would want you to  fall into the trap and thus they can incur them a huge penalty and in most cases there CIBIL will File Suite and Then Legally bank can recover there 4x money by recovery agents! In this, way they are giving LTF and Credit Cards!


@atx88 @shivanshu.k507 @Xhaster @_pb @DEALSTER @hackerboys @Sahil_Jain

Community Angel Community Angel
Expand
Sahil_Jain wrote:
I understand your concern and you have a point too. But, many students do not have any income source to even use a debit card or UPI. Even though credit cards have a high risk of increasing a student's debt, they can be quite helpful if used properly. At the end of the day, everything comes down to a person's money management skills. Also, if they can make a good career by using a credit card now, they will surely be able to pay off their debts too in the near future. This article is just our way to help students pick a good CC if they're looking for one. 
Article, which nobody asked for


https://cdn0.desidime.com/attachments/photos/795885/medium/images_%282%29_-_2022-08-12T074219.188.jpeg?1660270349
Hunk Hunk
Expand
Sahil_Jain wrote:
I understand your concern and you have a point too. But, many students do not have any income source to even use a debit card or UPI. Even though credit cards have a high risk of increasing a student's debt, they can be quite helpful if used properly. At the end of the day, everything comes down to a person's money management skills. Also, if they can make a good career by using a credit card now, they will surely be able to pay off their debts too in the near future. This article is just our way to help students pick a good CC if they're looking for one. 

Actually bhai the problem is a lot of students can't afford their education fee and they take loans for that purpose. 🙂 Do students take credit cards? Yes, rich parents give their kids credit cards. It's just not fair to overburden a student with such things. 100% focus should be on study only, that's what I personally feel. They should be given exposure to finance management etc. A student needs to spend some threshold amount to get annual fee waiver. Those are the negative points. Credit cards can give a good cibil score if properly used. And it will help them once they step in to real life situation. They ll know how to manage money. And parents can have the real control on their expenditures. Honestly if a kid is a rotten one harshest rules can contain it from doing mischief. We all read about how students wipe parents' account for pubg n what not. 🙂 All these credit cards have bad rewards rates and that's good. And all these things can be achieved via a simple debit card as well. I am super grateful to my parents that they hadn't given me financial liberty. Today I play with some money, stock market, back in 2005-2007 I was given 3₹ daily only to buy parle-g. And I would save those money. If 5₹ was given then I had to return that 2₹. At that time 5₹ used to fetch 3-4-5 panipuris and a small cake, which are sold in local panwala shop. My first debit card was given in 2010-11. My father used to give 100₹ to fill that money deposit form n give it to the bank cashier. 🙂 And since online transaction was not that popular I could not think of a way to use it online. UPI and debit cards are better n safer ways to teach kids about finance stuff. @atx88

Deal Cadet Deal Cadet
Admin
Expand
shraaj wrote:

Banks wanted to Earn Money from Every Aspect. They are in Business to earn Money by Offering Credit Cards, Various types of Loans, and Various A/c Charges.


Read your statement once again, if the student doesn't have any income why bank or anyone should give them the Credit Card or Loan? The government gives them Scholarships (For Poor, Eligible Scholar Students) to Manage their Educational and LIving Expenses!)


These things are like Extra Money for them, They will spend it and forget it and why would banks have to bear this, is this social work or is it beneficial for society? Banks give Loans/Credit Cards to ONLY those People who are Liable or have Background Income sources then only they pass the Application of CC or Loan.


If you have Credit Card (Forget Honest Money Management People who use their credit card people wisely), and now consider why banks are offering Life Time Free Credit Cards without any charges and for that, they have to bear various charges like documentation. Salary of employees, IT and Many things even they have to reward you with various offers, cashback its because someday they would want you to  fall into the trap and thus they can incur them a huge penalty and in most cases there CIBIL will File Suite and Then Legally bank can recover there 4x money by recovery agents! In this, way they are giving LTF and Credit Cards!


@atx88 @shivanshu.k507 @Xhaster @_pb @DEALSTER @hackerboys @Sahil_Jain

So the thing is, getting a CC or not is totally up to a student. This article just focuses on helping those who need to get one. I respect your opinion though and thanks for making the community aware of such things.
The PostMighty The PostMighty
Expand
Sahil_Jain wrote:
So the thing is, getting a CC or not is totally up to a student. This article just focuses on helping those who need to get one. I respect your opinion though and thanks for making the community aware of such things.

I like the way how you take my comment,very calmly!


Feeling Glad!

Deal Subedar Deal Subedar
hackerboys wrote:

Irrelevant thread

Afaik it is nearly impossible for a student to get credit card directly on the basis of cibil as they have no source of income and that is why bank will never give them cc ..

Students should not use credit card and instead focus on study 

A short message to OP :- 

https://cdn0.desidime.com/attachments/photos/795848/original/images_%281%29_%2821%29.jpeg?1660238189

Well, that's the point you are are falling into. I am a student, and I know your statement, "it is nearly impossible for a student to get credit card directly on the basis of cibil as they have no source of income and that is why bank will never give them cc" is entirely wrong regardless of my age. 

I had my cumulative savings from festivals and opened an FD, and the bank gave me my first credit card against it. By the time I received my first freelance pay cheque(during bachelor's only), I already had 750+ CIBIL, and another bank had already issued me my second CC against C2C. In fact, it is a pretty common method for "adults" to revamp their CIBIL after mishaps in the payments.

And it is not like if I had no CC, I would automatically become sincere and crack UPSC. Apart from study, it is a side knowledge; some likes to read novel, watch cricket/TV and some preference to read stuff like finance.

Deal Lieutenant Deal Lieutenant
Expand
TempAcc wrote:

Well, that's the point you are are falling into. I am a student, and I know your statement, "it is nearly impossible for a student to get credit card directly on the basis of cibil as they have no source of income and that is why bank will never give them cc" is entirely wrong regardless of my age. 

I had my cumulative savings from festivals and opened an FD, and the bank gave me my first credit card against it. By the time I received my first freelance pay cheque(during bachelor's only), I already had 750+ CIBIL, and another bank had already issued me my second CC against C2C. In fact, it is a pretty common method for "adults" to revamp their CIBIL after mishaps in the payments.

And it is not like if I had no CC, I would automatically become sincere and crack UPSC. Apart from study, it is a side knowledge; some likes to read novel, watch cricket/TV and some preference to read stuff like finance.

https://cdn0.desidime.com/attachments/photos/796047/original/images_%282%29_%283%29.jpeg?1660336939

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