My son is about to pursue higher education in Delhi. Is there any option for getting a credit card for him? Are there any credit cards available for students/ college goers?
A Student Credit Card is specially crafted for students aged over 18 years. If your son is just out of high school, applying for college or even pursuing a higher degree, you could get a Student Credit Card.
Types of Student Credit Cards
There are different types of Student Credit Cards. After filling out the application form, you can get a card against one of the following:
§ A Fixed Deposit in your name
If you have a Fixed Deposit in your son’s name, you could request the bank to give you a Credit Card against it. Your FD account should have a certain amount in it for your card to get approved.
§ A Savings Account
If you already have a Savings Bank Account in your son’s name and a good savings history, you could request your bank to give your son a Credit Card against it.
§ An Add-on Card
Another way to obtain a Student Credit Card is to get an add-on card on one of your family member’s Credit Cards. So, you can get your Credit Card issuer to give your son an add-on Credit Card. However, you will need to have a good credit history and Credit Score.
Most big banks in India offer Student Credit Cards. Some popular cards are:
- HDFC Multicurrency Card
- SBI Student Plus Advantage Card
- Punjab National Bank Global Classic Credit Card
- Andhra Bank Visa Classic Card
- ICICI Bank Student Travel Card
- Axis Bank – ISIC Forex Card
- Citi Platinum Select Master Card
Click here to apply for a Credit Card.