Student credit card is quite a new concept in India. The concept is getting popular nowadays. Many credit cards are available such as SBI Student Plus Advantage Credit Card, HDFC Bank ForexPlus Card, ICICI Bank Student Travel Card, HDFC Multicurrency Platinum ForexPlus Chip Card and so on are available.
Credits cards for students are offered by various banks to the students who are attending any college-level degrees. These credit cards usually don't have any type of income eligibility limit. All it requires is you to be at least the age of 18 years. Student credit cards offer lower interest rates and have a validity of five years.
Now the main concern is as there are several student credit cards available, it is necessary to choose the right one, which has some of the important features essential for a student. Here, we are going to find out some of the best credit cards for students with no income.
Several banks provide student credit cards in India such as the State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, and so on. Some of the essential eligibility criteria to avail of these credit cards are as follows.
Some features to look for in a student credit card:
Students credit card offers lower credit limit than the usual ones. Usually, good student credit cards offer a credit limit of 15000 INR. This credit limit is to ensure that students do not incur a lot of debts due to unrestricted spending. Student credit cards are usually valid for 5 years from the issued date.
Student credit cards usually don't have any type of joining fee and require you to pay a very low annual charge, which makes it easier for students to maintain their cards. In case a card gets stolen or if a student lost their credit card, there is also no to very minimal charge to make a duplicate one.
Student credit cards need very minimal initial documentation, unlike most other traditional credit cards. The cards also come with a lot of rewards and loyalty programs that give cash back or cash points when a student spends a certain amount from their cards.
Now as we got the idea about some of the key features of the best student credit card, it is now time to pick some of the popular ones to choose from. Some of them are given below.
To avail of any of these credit cards without any income require you to maintain a very good credit score along with a strong savings account, fixed deposit. One can also avail of one of these credit cards through an add-on card, which your family member having a credit card can request a credit card in the name of a student. However, in this case, the person who is requesting the card needs to have a very good credit history.
So these are some of the best credit cards for students with no income. All of these credit cards offer no to minimal joining and annual maintenance fees, a lower credit limit of 15000 INR, and a lot of special deals and rewards to its user. If you have any queries regarding the best student credit card, then add your queries in the comment section down below.
Which one do you think is the best student credit card in India? Do share your opinions and feedback.
A student credit card is offered to students at the college level. A credit card can be much more than just a practical way to pay for today's college expenses. It can also help college students develop good financial practices that will last a lifetime by allowing them to earn rewards and cashback.
Wise is one of the cheapest ways to send money internationally as compared to other available options in India. The only limitation of Wise is that it does not integrate with e-commerce online payments.
Yes, it is completely safe to invest your money in the stock market using Paytm money App. In fact, PayTm has come up with stock broking services recently and trying to establish itself in the said field. And, to give tough fight to top existing players it has to keep its services up to the mark. Paytm Money made a big name in mutual fund investment industry and now it's time to see its performance in the stock brokers' world.
Credit cards have many advantages, including the fact that they are more secure than debit cards. They come with benefits like no-cost EMIs, insurance coverage, and lounge access at airports
The best stocks for college students to invest in in India are those with strong fundamentals and high dividend yields, such as Reliance Ltd., ITC Ltd., and Infosys Ltd.
To open a savings bank account in your chosen bank, you will need identity proof, address proof, and a recent photograph. Documents like PAN Card, Aadhaar Card, Passport among others will be needed in the account opening process.
Yes, a student can open a Demat account. In case of minor student, the student's account is operated by a guardian and if the student is 18 or above, he/she can manage the account independently. Overall, there is no age requirement.
PNB accounts cannot be closed online. To close the account, go to the bank branch where you opened your bank account. Submit a duly filled and signed account closure form to the bank manager.
You can choose any bank in India to open an account in, be it a private-sector bank or a public-sector bank. By the market share SBI, HDFC, and ICICI Bank are the three top banks that can be considered when looking at the largest banks in India.
A well-known financial organisation in India is PNB, popularly referred to as Punjab National Bank. But is this bank reliable? Examine PNB's operations, client happiness, and reputation more closely.
You are required to fill up and submit a number of forms and documents via post to open a Zerodha account as an NRI. Continue reading and be informed.
aishwarya.frm.28
Although some service providers offer credit card for students, it is advisable for them not to use it until they start earning and get caught in an interest trap.