Best Credit Cards for Students in 2022
20 Aug 2022The ability to handle one's own finances effectively is one of the most crucial adulting abilities nowadays. But it's disappointing to see how few schools actually teach fundamental budgeting and money management skills. A credit card might be a trap if you aren't responsible enough, even though it's an exciting proposition.
One must begin early, obtain a credit card for students, and take baby steps to establish a solid credit history in order to understand how to manage credit cards responsibly. However, obtaining a credit card might be difficult because the bulk of individuals do not have a strong credit history by the time they enroll in college.
We've compiled a list of the top 8 credit cards for students with no income to guide you through this and teach you the value of smart finance.
As a result of the globe becoming a global community, students are looking for international academic chances to advance their careers. If you require money in a different currency, the HDFC Bank ForexPlus card is a smart choice for students.
The ForexPlus card eliminates the issue of currency swings and provides access to numerous currencies. The student is shielded from changes in currency rates when they withdraw money using the card. Consequently, even though this isn't a credit card per per, it works like one because the money is deducted from the card after a purchase.
The Axis Bank insta simple credit card is issued in exchange for a 20,000 rupee minimum fixed deposit. You receive a 100-point welcome bonus on your first purchase after signing up for the card. In addition, you receive 6 points for every 200 that you spend on the card.
Students who often travel can choose this credit card since every 4 bonus rewards are worth one rupee on Yatra. Access to the bank's special dining pleasures programme is one of the card's additional benefits.
The only credit card with a fixed deposit that waives additional fees for train tickets is indeed the Kotak Aqua Gold credit card. To qualify for this card, you must have fixed deposits at Kotak bank totaling at least 25,000.
It is considered one of the finest cards for college students who use trains frequently or make annual spending totals over 1,50,000 rupees. Your reward for doing so is four extra free PVR tickets. Overall, this card is excellent for students; the main drawback is that there aren't any points for regular purchases.
The BOB financial premier card rewards you with four points for every $100 spend. Compared to other credit cards provided on fixed deposits, this is much greater. The fixed deposit amount for the premier card is a pitiful 15,000, and there are no annual fees.
As one of the most popular student credit cards, the SBI Student Plus Benefit Card is issued by SBI. For starters, the 2.25% monthly interest rate on this card is among the lowest available. The credit card streamlines students' travel planning by allowing the credit card to deliver railway tickets to their home.
Additionally, you may change each purchase made with the card into a customized monthly EMI. The student receives one cashpoint that may be used to buy presents for every 100 euros they spend on their credit card. Students who are interested in learning sound financial management often use the credit card since gasoline purchases are qualified for a 2.5% fee.
The ICICI Bank student FX prepaid card is something that students who are pursuing higher education overseas should definitely think about applying for. The card is one of your greatest alternatives for fees or everyday spending. Every transaction is made over a secure channel, and you may contribute money from India. The fact that this card may be used to purchase anything that accepts MasterCard is the strongest motivation to use it.
A student card is a suitable alternative for long-term international travel because holders will also receive advantageous exchange rates. With the card, you have access to a variety of incentives and discounts and become a member of the highly sought-after international student identity card. Travel insurance is a free bonus offered by the card.
In light of this, you can see that students have a variety of excellent card possibilities. You may select the best credit card for students in India that suits you the most depending on your spending patterns. Any of these cards' credit card bill payments may be completed quickly using applications.
Also read about credit card fraud security tips
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