Top 5 Credit Cards for Students

Created on 06 Jul 2023

Wraps up in 7 Min

Read by 4.9k people

Updated on 28 Dec 2023

The popularity of credit cards has just exploded, and at this point in time, who does not want a credit card with a handful of offers, discounts, rewards, reasonable interest rates and whatnot. And if everyone is getting their hands on the best credit cards in town, then why should students miss out on this opportunity?

And if you are a student looking for a credit card to manage your expenses, build your credit history and enjoy some perks, then you have landed on the right page. There are many credit cards available in India that are specially designed for students and offer benefits such as low fees, rewards, discounts, forex convenience and more.

However, choosing the right credit card can be tricky as there are many factors to consider, such as eligibility, features, charges, benefits and drawbacks. To help you out, we have compiled a list of some of the best credit cards for students in India based on various criteria. Read on to find out more.

List of Top Credit Cards for Students

Here are the top 5 Credit cards for students

1) SBI Student Plus Advantage Credit Card

SBI Student Plus Advantage Credit Card

SBI Student Plus Advantage Credit Card is a uniquely designed credit card tailor-made to fulfil the needs and requirements of students. With this SBI Credit Card, you get the opportunity to earn rewards on every card purchase. 

Features

The only drawback of this card is that these cards are given out by SBI to borrowers of educational loans from the bank. However, an alternative method to apply for this credit card is by opening a fixed deposit with SBI using the necessary amount.

2) HDFC Multicurrency Platinum ForexPlus Chip Card

HDFC Multicurrency Platinum ForexPlus Chip Card

HDFC Multicurrency Platinum ForexPlus Chip Card is a versatile card that offers easy access to funds in 22 foreign currencies. With this, you can manage currency exchange effortlessly and add funds securely through online wallets. You can also enjoy the additional benefits of fraud and accident protection up to ₹5 lakh each, account tracking, net banking transactions, protection against currency fluctuations, and special discounts with each transaction. This card is perfect for students with multi-destination travel needs, eliminating the hassle of carrying multiple currencies.

Features

Apart from knowing all these benefits, you must also know that HDFC Bank Multicurrency Platinum ForexPlus Chip Card is subject to specific criteria. 

You can apply for this card if you are settled abroad, travelling for holidays or personal visits, employed abroad, going abroad for business travel, studying abroad, or travelling abroad for medical treatments. You must ensure you meet the relevant eligibility criteria before applying.

3) Axis Bank Insta Easy Credit Card

Axis Bank Insta Easy Credit Card

If you are looking for a credit card that offers guaranteed approval, minimal documentation, flexible credit limit and a high cash withdrawal facility, then Axis Bank Insta Easy Credit Card can be a good option for you. The chip and pin enabled credit card makes banking easier by issuing the card in exchange for an Axis Bank Fixed Deposit. With this card, you can also enjoy benefits such as a fuel surcharge waiver, a free credit period, dining delights, global emergency assistance, eDGE Loyalty Rewards, and much more. 

Features

The major drawback of this card is that this card is issued only when you have a fixed deposit at any Axis Bank branch. And you must remember that tax-saving FDs, flexi-deposits, and fixed deposits in the name of any HUF, society, trust, or company are not eligible for Axis Bank Insta Easy Credit Card issuance.

4) Kotak 811 DreamDifferent Credit Card

Kotak 811 DreamDifferent Credit Card

Kotak 811 #Dreamdifferent credit card is a secured credit card that is issued against your fixed deposit with Kotak Mahindra Bank. This card offers you a lifetime free card with no joining or annual fee and a credit limit of up to 90% of your fixed deposit amount. You can also enjoy benefits such as fuel and railway surcharge waivers, interest-free cash withdrawals, and a milestone program that rewards you with cashbacks. This card is a perfect choice for those who want a simple and hassle-free credit card with guaranteed approval and low maintenance.

And, not to forget, the icing on the cake is that you need not to pay any kind of joining or renewal fee on this credit card. 

Features

Now that you know the benefits of holding this card, we must also tell you what criteria you need to fulfill to get one. So, here it goes:

5) IDFC FIRST Bank Wow Credit Card

IDFC FIRST Bank Wow Credit Card

If you are looking for a credit card that offers WOW benefits, you might want to check out the IDFC FIRST WoW Credit Card. This card is a secured credit card that does not require any income proof or credit history to apply. You can get it by opening a fixed deposit with IDFC FIRST Bank and enjoying a high credit limit of at least 100% of your fixed deposit value.

This card offers excellent benefits such as airport lounge access, fuel surcharge waiver, and complimentary movie tickets. And the cherry on top is that this card has no joining or annual fees.

Features

Now, after knowing about the benefits of the IDFC IDFC FIRST Bank Wow Credit Card, you might be willing to apply for it. But you should know that to apply for this card, you must be at least 18 years old and should be an Indian resident.
You are also required to have a fixed deposit with the IDFC FIRST Bank, whose amount should be at least ₹5,000.

Conclusion

In conclusion, as a student, having the right credit card can provide you with numerous benefits and convenience. With a range of options available in India, tailored specifically for students, you can enjoy low fees, rewards, discounts, and seamless forex transactions. Take advantage of the SBI Student Plus Advantage Credit Card, HDFC Multicurrency Platinum ForexPlus Chip Card, Axis Bank Insta Easy Credit Card, Kotak 811 #DreamDifferent Credit Card or IDFC FIRST Bank Wow Credit Card to enhance your financial journey.

Don't miss out on the opportunities these credit cards offer! Choose the card that suits your needs and fulfils the eligibility criteria. Apply today and embark on a journey of financial empowerment and rewards. Take control of your expenses, build your credit history, and enjoy the perks that come with responsible credit card usage.