5 Top Credit Cards For Students
With No Income
- By Anand Nathani
- Reading Time : 4 Minutes
- Updated On March 13, 2024
- 11:00 am
Introduction
Student Credit Cards are designed for students who may not have a monthly income. In my Blog Post, I have selected 5 Top Credit Cards for Students with no income.
These Credit Cards are ideally suited to fulfill your financial needs as a student. They offer a range of benefits and perks from cashbacks to exclusive discounts that can help you save money and make the most of your student years.
Table of Contents
SBI Student Plus Advantage Credit Card
SBI Student Plus Advantage Credit Card is a popular student credit card . You can apply for this Credit Card only when you have taken an education loan with the State Bank of India.
It is a secured credit card with attractive interest rates and cashbacks.
SBI Student Plus Advantage Credit Card Eligibility
- Eligible only for Students having education Loans with the State Bank of India
- Students having an FD with the bank can also apply.
SBI Student Plus Advantage Credit Card Features And Benefits
SBI Student Plus Advantage Credit Card Fees And Charges
| Types Of Fees | Amount |
|---|---|
| Joining Fees | Nil |
| Annual fees | Nil |
| Renewal Fees | ₹ 500 + GST . This is applicable only if the total spending is < ₹ 35,000 in the previous calendar year |
| Late Payment Fees | Range ₹ 100 - ₹ 750 +GST. Amount charged depends on total outstanding on the card |
| Reward Redemption Fees | ₹ 99 + GST |
HDFC Multicurrency Forex Plus Credit Card
HDFC Multicurrency Forex Plus Credit Card is a popular Student Credit Card. In It offers attractive cashback and rewards. You can also load 22 currencies on this credit card, which provides protection against exchange rate fluctuations.
It comes with a built-in PayWave technology to make contactless payments at retail outlets securely.
HDFC Multicurrency Forex Plus Credit Card Eligibility
- Eligible for any Student travelling abroad subject to verification of KYC
- Submission of Visa and other relevant documents
HDFC Multicurrency Forex Plus Credit Card Features and Benefits
HDFC Multicurrency Forex Plus Credit Card Fees And Charges
| Types Of Fees | Amount |
|---|---|
| Issuance Fees | ₹ 500 + GST |
| Reload Fees | ₹ 75 + GST |
| Renewal Fees | ₹ 100 + GST |
ICICI Student Forex Prepaid Credit Card
ICICI Student Forex Prepaid Credit Card is a cutting-edge chip-based contactless reloadable card designed exclusively for students.
This versatile student credit card can serve as your ultimate solution for managing expenses, paying fees, traveling, shopping, and much more, all while enjoying attractive offers on transactions.
ICICI Student Forex Prepaid Credit Card - Eligibility
- Eligible for any Student travelling abroad subject to verification of KYC
- Submission of Visa and other relevant documents
ICICI Student Forex Prepaid Credit Card - Features and Benefits
ICICI Student Forex Prepaid Credit Card - Features and Benefits
| Types Of Fees | Amount |
|---|---|
| Issuance Fees | ₹ 299 + GST |
| Annual Fees | ₹ 199 + GST |
| Card Replacement Fees | ₹ 199 + GST |
Axis Bank Insta Prime Credit Card
Axis Bank Insta Prime Credit Card is a chip and pin enabled credit card that puts your banking experience at ease. You can apply for this Credit Card only when you have a fixed deposit with Axis Bank.
This Credit card offers a host of benefits, attractive rewards and exciting offers .
Axis Bank Insta Prime Credit Card - Eligibility
- Eligible only for Applicants having a Fixed Deposit with Axis Bank
- Guaranteed Approval against Fixed Deposit
Axis Bank Insta Prime Credit Card - Features and Benefits
Axis Bank Insta Prime Credit Card Fees And Charges
| Types Of Fees | Amount |
|---|---|
| Joining Fees | Nil |
| Annual Fees | Nil |
| Card Replacement Fees | Waived |
| Finance Charges | 2.5% per month |
Bank of Baroda Financial Prime Credit Card
Bank of Baroda Financial Prime Credit Card is a basic/entry-level secured student Credit Card that is best suited for beginners who have a low credit score.
It is your anytime money, that’s easy to access, meets your specific needs and enhances your life experiences.
Bank of Baroda Financial Prime Credit Card - Eligibility
- Eligible only for Applicants having a Fixed Deposit with Bank of Baroda
- Guaranteed Approval against a Fixed Deposit of INR 15,000/- or more.
Bank of Baroda Financial Prime Credit Card - Features And Benefits
Bank of Baroda Financial Prime Credit Card Fees And Charges
| Types Of Fees | Amount |
|---|---|
| Joining Fees | Nil |
| Annual Fees | Nil |
| Finance Charges | 3.25% per month |
Conclusion
In conclusion, selecting the right credit card for a student with no income is crucial to building a strong credit history while at the same time enjoying the perks and conveniences they provide.
After careful analysis and research, the credit cards that I have selected for you in my blog post stand out due to their rich features such as low fees, rewards for common student spending categories, and opportunities for credit limit increase over time.
While these top credit cards offer valuable benefits, you should at the same time prioritize your spending habits, make timely payments, and stay within your means to avoid debt and financial pitfalls. By using a credit cards wisely, you can lay a solid foundation for your financial future.
FAQ
Can I use my SBI Student Plus Advantage Credit Card World Wide?
Yes, You can use your SBI Student Plus Advantage Credit card worldwide. The credit card is accepted at over 24 million outlets around the world, including 3,25,000 outlets in India.
I did not avail an education loan from SBI. Can I still avail this credit card ?
No, You cannot avail of this credit card if you do not have an education loan with the State Bank Of India.
How many currencies can I load on to the HDFC Bank Multicurrency Forex Plus Credit Card ?
You can load up to 22 currencies on this credit card.
Can I get the International Student Forex Prepaid Card (ISIC) voucher if I have the ICICI Student Forex Prepaid Card ?
If you have the ICICI Student Forex Prepaid Card then you can get the ISIC voucher by logging on to their website at https://www.isic.org/
Are there any risks associated with student credit cards?
The primary risk associated with a student credit card is the potential for overspending and accumulating debt. As a student, you should be mindful of your spending habits and use your credit cards responsibly to avoid falling into debt.
As a student, how can you build credit with a credit card ?
As a student, you can build credit by using your credit card responsibly, making on-time payments, keeping balances low (ideally below 30% of the credit limit), and avoiding applying for multiple credit cards or loans within a short period.