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Best Student Credit Cards In India

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Updated: 01-04-2025 06:56:42 AM

Student credit cards are cards are designed to meet the financial needs of college students and come with basic features of a credit card such as interest-free period, rewards earning, and discounts.
Offered in the form of entry level or secured credit cards, these cards can be a great tool for students to learn financial responsibility and the basics of  building financial credibility.
Students above the age of 18 years can apply for student credit cards with top card issuers such as SBI Card, ICICI Bank, Kotak Mahindra Bank, etc. Read on to find the list of best student credit cards in India.

Insight: Can I get credit card as a student? (Check Eligibility Requirements)

Note: Some State Governments such as West Bengal and Bihar Governments have also launched credit schemes for students that allow them loans at concessional rates to help pursue higher education without any financial constraint. Click here to read more on West Bengal Student Credit Card Scheme (WBSCC) and Bihar Student Credit Card Scheme. 

Top 6 Student Credit Cards in India April 2025

Credit Card Annual Fee Best Feature
IDFC FIRST WOW Credit Card
 Nil
 100% of FD value as credit limit and cash withdrawal limit; 4X reward points
Kotak 811 #DreamDifferent Credit Card Nil Credit limit up to 90% of your fixed deposit amount
ICICI Coral Contactless Credit Card Rs. 500 2 reward points for every Rs. 100 spent
Paisabazaar Step UP Credit Card Nil 90% credit limit of fixed deposit amount
SBI Student Plus Advantage Credit Card Rs. 500 Use reward points to pay credit card outstanding bill; 1 reward point for every Rs. 100
ICICI Bank Student Forex Prepaid Card* Rs. 199 40% discount on excess baggage and 20% discount on DHL courier service

You can easily get a secured credit card for student if you have a fixed deposit. This is a good option for you, if you are a student looking for credit but also want to earn interests on your fixed deposit.
In general the credit limit on these credit cards is up to 80 to 90% of the credit value. However, this may vary across all credit card providers, and may range up to 100% of the FD value.

IDFC FIRST WOW Credit Card

IDFC FIRST WOW Credit Card

  • Earn up to 7.5% interest rate on your fixed deposit
  • Up to 48 days of interest-free period
  • Minimum 100% credit limit of your fixed deposit amount
  • ATM cash withdrawal limit of 100% of the FD value
  • No forex conversion fee
  • 4X reward points on your spends
  • No credit history and income proof required
  • Credit shield protection from theft & fraud
  • Minimum deposit value requirement of Rs. 2,000

Click here to Apply for this Credit Card.

Kotak 811 #DreamDifferent Credit Card

Kotak 811 #Dream Different Credit Card

  • Welcome Bonus of 500 reward points on spending Rs. 5,000 in the first 45 days
  • 1 reward point for every Rs. 100 spent on all categories except fuel, cash withdrawals and railways
  • 2X rewards on online spends
  • Withdraw up to 90% of your credit limit
  • Interest-free cash withdrawal for up to 45 days
  • Low interest rates of 2.99% per month
  • On annual spends of Rs. 75,000 get Rs. 750 cashback or 4 PVR Movie Tickets
  • 1% fuel surcharge waiver for all fuel transactions between Rs. 500 and Rs. 3,000
  • Up to 2.5% railway surcharge waiver when booking ticket through IRCTC online or at booking counters
  • Lost Card Liability Cover of Rs. 50,000 against unauthorized usage up to 7 days prior

Click here to Apply for this Credit Card.

ICICI Coral Contactless Credit Card

ICICI Bank Coral Contactless Credit Card

  • 2 PAYBACK Points per Rs. 100 spent and 1 PAYBACK Points per Rs. 100 spent on utilities and insurance
  • 25% discount up to Rs.100 on purchase of minimum 2 movie tickets per transaction on BookMyShow and Inox twice a month
  • 1% fuel surcharge waiver on Hindustan Petroleum Corporation Limited Pumps
  • One complimentary domestic lounge access each quarter
  • One complimentary access per quarter to select airport lounges in India on spending a minimum of Rs 5,000 or above in a calendar quarter
  • 2,000 PAYBACK Points on spending Rs. 2 Lakh and additional 1,000 PAYBACK Points on spending above  Rs. 1 Lakh mark
  • Annual Fee Waiver on spending Rs. 1.50 Lakh
  • Up to 15% on your dining bill at over 2,500 restaurants

Paisabazaar Step UP Credit Card

Paisabazaar StepUp Credit Card

  • Earn up to 6.55% interest rate on your fixed deposit
  • 20 to 50 days of interest-free period
  • 90% credit limit of your fixed deposit amount
  • 1 reward point for every Rs. 100 spent via this credit card
  • Instant virtual credit card right after making the payment for the fixed deposit
  • Completely digital hassle-free process 
  • Flexible FD plans starting from Rs. 2000
  • You can also top-up your fixed deposit amount up to a total of Rs. 1 lakh

Click here to Apply for this Credit Card.

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In order to provide financial aid to students banks offer credit cards to students against education loan or as prepaid cards that function more or less as student credit cards.

SBI Student Plus Advantage Credit Card

SBI Student Plus Advantage Card-Credit Card for Students
SBI Student Plus Advantage Card is an exclusively designed credit card for students. You can avail this card only if you are an education loan customer of State Bank of India or if you hold an FD at any SBI branch.
 Some features and benefits of this SBI student credit card are mentioned below:

  • 1 reward point on spending every Rs. 100 
  • Use your accumulated reward points to pay the outstanding credit card bill
  • 2.5% fuel surcharge waiver at all petrol pumps in India
  • Annual fee waiver on spending more than Rs. 35,000 in the previous quarter
  • 10X rewards on departmental stores and grocery spends
  • 10X reward points on International spends
  • Online railway ticket bookings
  • Worldwide acceptance at over 24 million outlets

 ICICI Bank Student Forex Prepaid Card

ICICI Bank Student Forex Prepaid Card- Student Credit Card

ICICI Bank Student Forex Credit Card is a prepaid card that functions more or less as a credit card. The card is offered at a joining fee of Rs. 499 and annual fee of Rs. 199. Some key features and benefits of this credit card for students are:

  • ISIC- International Student Identity Card membership worth Rs. 590
  • 40% discount on excess baggage and 20% discount on DHL courier service
  • Card protection plus insurance worth Rs. 1,600
  • Croma shopping voucher
  • Counterfeit card/lost card liability coverage up to Rs. 5 Lakh
Click Here to Apply for Similar Credit Cards in India
West Bengal Student Credit Card (WBSCC)
Bihar Student Credit Card
Student Credit Card Eligibility Criteria
How to Apply for a Student Credit Card
Add-on Credit Card for Students
FAQs - Students Credit Card

West Bengal Student Credit Card (WBSCC)

West Bengal Student Credit Card is a financing scheme for students in West Bengal, that offers collateral-free security loans of up to Rs. 10 Lakhs, at a reasonable interest rate of 4%.
Via this scheme, students can pursue secondary to higher education or madrasah, undergraduate and postgraduate courses across schools, colleges, Madrasah, Universities, and other affiliate educational institutions within and outside India. Additionally, students appearing or preparing for competitive exams in different fields can also avail the benefits of this scheme. The repayment tenure for the loan is fifteen years.

Please note that the loan can be availed by students, with an upper age limit of 40 years at the time of application. Further eligibility & documentation requirements are as follows:

Eligibility Parameters
  • Class IX passed from any of the recognized active Boards in West Bengal
  • The student must be enrolled in Class X or for 10+2 or higher education
  • The student or his family has to be a resident of the State of West Bengal at least for 10 years before the application
Documents Required
  • Coloured Photograph of the applicant/co-applicant/co-borrower
  • Signature of the student/co-applicant/guardian in .jpeg / .jpg format
  • Student’s AADHAR Card, age proof, PAN Card/undertaking if there is no PAN
  • Address Proof, PAN Card, of Co-applicant / Co-borrower
  • Admission Receipt
  • Student’s Card
  • Prospectus/Certificate of the institution)
  • Marksheet/Certificate of Last Qualifying Exam of applicant

You can apply for this loan at the official portal of the West Bengal Student Credit Card Scheme, which is, https://wbscc.wb.gov.in/. In case of any related queries, you can contact the State Help Line No. 18001028014 or send mail to support-wbscc@bangla.gov.in or contactwbscc@gmail.com.

Bihar Student Credit Card

The Bihar student card is a means to offer financial support to students in the state of Bihar for higher education. This scheme is legitimate for those students who have cleared their intermediate or 12th-grade education from the Bihar Government-run educational institutions but are not able to further pursue the education.

Under this scheme, students can get a loan amount of up to Rs. 4 Lakh at a low-interest rate of 4%. The interest rate for females, transgenders & disabled is even lower at 1%. The loan amount can be utilized for pursuing education across technical, polytechnic, or general courses.
Additionally, you can use the loan amount to fund the purchase of study materials like books, stationery, and a laptop, or to pay the fees.

Student Credit Card Eligibility Criteria

Since students usually do not make an earning, student credit cards do not come with income eligibility. However, there are some common criteria that applicants need to fulfill in order to be eligible. For example, the applicant must be above 18 years of age. Eligibility criteria may differ from bank to bank.

An important point to note here is that ‘student credit card’ offerings in India are very limited.
However, banks do extend financial help to students in the form of student loans, secured credit cards, and student forex cards. To avail of these facilities, you must meet the set criteria.

Documents Required

 When applying for a student credit card, the bank may ask you to furnish some of the following:

  • PAN/Any other government-approved photo ID proof
  • Aadhaar/Any other government-approved residential address proof
  • Birth Certificate
  • College Identity Card or any other proof of enrolment
  • Passport-sized photographs

Note: Income Proofs are not required when applying for a student credit card, add-on card or secured credit card. However, if you are a student as well as an income-earner (with a stable job), some banks may be interested in offering you a regular credit card. For this, you will need to submit your income documents such as salary slip, ITR, bank statement, etc.

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How to Apply for a Student Credit Card

The application process for a student card depends on the type of credit card you are going for. Given below are the details.

Add-on Card: If you are 18 years or older, you can ask your immediate family members to apply for an add-on card. The process is relatively quick and only basic KYC documents are required.

Secured Credit Card: You need to open a fixed deposit account in a bank to get a secured credit card. If you already have a fixed deposit account, then request the bank to provide you with a secured credit card against it.

Credit card against Student Loan: You can avail a student credit card from a bank that provides credit cards on the loan. A popular example of this is SBI Student Plus Advantage Credit Card.

Add-on Credit Card for Students

Add-on cards are supplementary cards issued against a primary credit card.
This is the easiest way for you to get a credit card as it does not involve the same scrutiny as a regular card. However, if you wish to get a student credit card to build your credit score, an add-on card will not be helpful. Only immediate family members of the primary user can avail add-on cards. The credit limit of the primary card is shared with the add-on cardholder.

Benefits of Add-on Credit Card for Students

Credit Limit: You will be sharing your parent’s credit limit. This may be much higher than what most banks will extend to you.

Features & Benefits: Most of the best credit cards in India providers extend almost all the benefits to the add-on cardholder. This includes discounts, movie vouchers, dining benefits and sometimes even premium benefits like lounge access.

Security: In case you are charged for a wrongful transaction you can be rest assured that your money will be returned.

FAQs - Students Credit Card

Which card is the best for students?

Student credit cards in India can be availed from top card issuers such as SBI, ICICI & Kotak. Top student credit cards include SBI Student Plus Advantage Credit Card & ICICI Bank Student Forex Credit Card.
Additionally, you can also get secured credit cards like IDFC FIRST WOW Credit Card, Paisabazaar Step UP Credit Card, Kotak 811 #DreamDifferent Credit Card and ICICI Coral Contactless Credit Card. Apply Credit Card Online at Paisabazaar.

Can I get credit card as a student?

Yes, students can get credit cards from card issuers against student loans, secured credit cards, or add-on credit cards. Additionally, if you are a resident of Bihar & West Bengal, you can get Bihar Student Credit Card or West Bengal Student Credit Card.

Can Minors get student credit cards?

Minors can avail add-on credit cards. There are some banks that extend add-on credit cards to students as young as 15 years of age.

Suggested Read: What is Add-on Card?

How can I get credit card in the age of 18?

In general, you require a minimum age requirement of 18 years, or even 21 years in some cases to get a credit card primarily under your name.
However, if you are 18 and not eligible, you may consider opting for an add-on credit card with your parents or guardians being the primary cardholder, a secured credit card against a fixed deposit, or you may opt for a student credit card, if you are pursuing education from a recognized educational institution.

What is the maximum credit limit that can be availed on a student credit card?

The credit limit assigned to the student varies from case to case. The card issuer will inform you about the credit limit once your application has been approved.

Quick Read: Why College Students Should Have a Credit Card?

Can secured credit cards be used overseas by students?

Yes, credit cards issued against fixed deposits can be used by students studying overseas. Do note that a Foreign Transaction Fee will be applied on all the transactions. Cash withdrawal fee and finance charges will be applied as well on ATM withdrawals.

Suggested Read: Credit Cards for International Travel

Who is eligible for a student credit card in West Bengal?

Residents of West Bengal for at least 10 years or more are eligible to avail student credit cards, with the upper age limit capped at 45 years.
Additionally, one must have passed class IX from recognized boards in West Bengal and must be enrolled in class X or for 10+2 higher education.

Is a student credit card available in West Bengal?

Yes, student credit cards are available in West Bengal for student residents who have been in the state for more than 10 years. Click here to check the details.

What is the eligibility for availing Student Credit Card in Bihar?

The eligibility criteria for availing benefits under the Bihar Student Credit card scheme are:

  • Must be a resident of Bihar
  • Aged 25 years or above
  • Must have completed and passed the 12th class
  • Must have enrolled or been selected for a higher education course at a recognized educational institution.

Suggested Read: Bihar Student Credit Card Yojana

How much interest is charged on Bihar Student Credit Card?

The interest rate for Bihar Student Credit Card is 4%, however, there is a concessional rate of 1% for females, transgenders & disabled individuals. The interest is calculated on a simple interest basis.

For what purpose can I use the Bihar student credit card?

You can use the Bihar student credit card to fund your study materials, books, and stationery, or even to pay your education fees. You can also buy a laptop.

How are forex cards helpful for students?

Forex cards can be useful for the students by helping them save on international transactions and providing a hassle-free payment process. They come in handy especially for the students who study in foreign countries as they can make the necessary payments in foreign currencies without any additional charges that are usually levied on using other cards.
The students can also avail exclusive deals and avoid paying higher currency exchange rates that may have increased due to rate fluctuation. Forex cards are also easier to manage than a credit card and a safe mode of payment.

Which banks provide student credit cards in India?

Several leading credit card providers like SBI Card, HDFC bank, ICICI bank, etc. offer student credit cards in India. Moreover, there are also a few government schemes which offer credit to the students to help them to pursue higher studies through cards like Bihar Student Credit Card and West Bengal Student Credit Card.

Is there any credit card for students without FD?

Usually, only FD-backed secured cards are available for students as unsecured cards require a steady source of income which many students do not have. However, there are some entry-level credit cards that students who have some source of income can explore as such cards tend to come with lenient eligibility criteria with a low minimum income requirement.

Can an 18 year old apply for a credit card?

Yes, the minimum age requirement for most credit cards begins from 18 years of age. However, the eligibility criteria for any credit card is not limited to just the age requirement, but rather includes other factors, like credit history and score, nationality, place of residence, income, among other internal conditions as decided by the credit card provider.

What is the credit limit for students?

Since most credit cards for students are secured cards, the offered credit limit is dependent on the fixed deposit amount against which the card is issued.

Is it worth getting a credit card as a student?

Yes, it is quite advantageous to get a credit card as a student as it not only introduces you to how credit works quite early, but also helps build credit score and history while helping you save through rewards and other perks offered by the credit card. These advantages contribute to developing financially responsible habits and a good credit profile.

 

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