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Credit Cards for Students

Student credit cards are tailored to meet the needs of students studying in colleges and universities and teach them to be financially responsible. These credit cards also provide them with the freedom and convenience of owning a credit card. Part-time students with a steady income source and a savings account can apply for student credit cards online. Additionally, if you are a student without a source of income, you can still obtain an add-on card.

Key Highlights of Student Credit Cards

  • Student credit cards can be applied for against fixed deposits, savings accounts, education loan, or through government schemes

  • These credit cards usually have a validity of 5+ years

  • Student credit cards come with low interest rates as compared to regular credit cards

  • Students’ credit cards offer low credit limits to ensure that students do not fall into a debt trap

Banks Offering Student Credit Cards in India

Although the concept of a credit card for students is quite new in India, many banking institutions have begun to offer them of late. Listed below are a few of the financial institutions that offer such credit cards in India.

  • SBI Card

  • HDFC Bank

  • Kotak Mahindra Bank 

  • ICICI Bank

  • Axis Bank

How to Apply for a Student Credit Card Online

Much like any other card application, you can initiate the application process for student credit cards online as well as offline. However, do note that some banks may allow only online applications. It is, therefore, wise to discuss this with a bank representative before initiating the application process. The basic steps that you must follow for the online application process include:

  1. Visit the bank’s official website.

  2. Fulfil the eligibility criteria and click on ‘Apply Now’.

  3. You might be asked to submit a few documents to initiate the process.

  4. Once you have uploaded all the necessary documents successfully, click on ‘Submit’.


Since the user base for these credit cards are students, banks usually do not consider the typical credit card eligibility criteria. Such as credit score and stable income, when reviewing the application. Thus, instead of conventional methods, credit cards for students can be applied for by any of the below-mentioned means:

  • Apply Against a Fixed Deposit

If you have a fixed deposit (FD) in your name, you can use it to apply for  student credit cards online or offline. However, the minimum amount eligible for a credit card against a fixed deposit may vary from bank to bank.

  • Apply as an Add-on Card

If you have a family member who owns a credit card, you can get a credit card for students as an add-on card. However, to get the add-on card approved, the primary cardholder must have a good credit history.

  • Apply Against a Savings Account or Loan

If you have a savings bank account with a steady monthly average balance, you can use it to apply for this credit card online. Some banks, such as SBI, also grant these cards (e.g. SBI Student Plus Advantage Credit Card) to people who have got an education loan with them.

  • Take Advantage of Government Schemes

A lot of state governments in India have launched programs that offer credit cards for students. Some of the common government programs offering such cards are the West Bengal Student Credit Card Scheme, Bihar Student Credit Card Scheme, Jharkhand Student Credit Card Scheme, etc.

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Features and Benefits of Credit Cards for Students

The exact features and benefits of such credit cards vary from one card issuer to another. However, the general features and benefits are outlined below. 



Lower Credit Limit

These credit cards generally come with lower credit limits, so students do not fall into a debt trap by overspending.

Low Cash Withdrawal Limit

These credit cards also have low cash withdrawal limits, so students can use them only for emergencies.

Nominal Interest Rates 

The interest rate on credit cards for students is also low to ensure easy and convenient repayment.

Conversion to Standard Credit Cards

Some banks offer the facility to convert the student credit card to a standard credit card once the cardholder completes their college education.

Credit Score Improvement

If you, as a student, promptly repay the dues on your credit card, you can easily build a good credit score.

Rewards and Discounts 

You can earn and redeem reward points against various eligible purchases, and get discounts against credit card transactions.

No Exhaustive Documentation

The process of applying for these credit cards is fairly easy, and there is generally no extensive documentation involved. 

Some of the Top Student Credit Cards in 2023

If you want to apply for a student credit card online, then you need to know about the different options that are available. Here’s a quick overview of some of the cards that you can apply for right now.

Credit Card

Annual Fee

Best Features

HDFC Bank ISIC Student ForexPlus Card


  • Discounted access to more than 150,000 products, services, and experiences in 130+ countries

  • Various offers available – from educational courses and software licences to music festivals and sporting events

ICICI Bank Student Forex Prepaid Card


  • Joining benefits worth ₹5,000

  • Discount of 40% on excess baggage and discount of 20% on DHL courier service

Kotak 811 #DreamDifferent Credit Card


  • Earn 2 reward points against every ₹100 spent online

  • Earn 1 reward point against every ₹100 of other spends

  • Earn 500 bonus reward points by spending ₹5,000 within the first 45 days

West Bengal Student Credit Card (WBSCC)


  • Collateral-free loans of up to ₹10 Lakhs for students

  • Nominal interest rates of up to 4% p.a.

Bihar Student Credit Card


  • Loans of up to ₹4 Lakhs for students

  • Low interest rates

1. HDFC Bank ISIC Student ForexPlus Card

This credit card is ideal for students who have enrolled in foreign universities. Since the HDFC Bank ISIC Student ForexPlus Card is a prepaid card, you need to recharge the account before you use the card to make purchases. Some of the key features of this card are listed below. 

  • Discounted access to more than 150,000 products, services, and experiences in 130+ countries 

  • Available in USD, GBP, and EUR currencies

  • Comprehensive insurance benefits 

2. ICICI Bank Student Forex Prepaid Card

The ICICI Bank Student Forex Prepaid Card is also a forex prepaid card from another leading private sector bank in India, as indicated by its name. Eligible students can apply for the card without the hassle of extensive documentation. The key features of this card include:

  • Joining benefits worth ₹5,000

  • Coverage for lost card and counterfeit card liability up to ₹5 Lakhs

  • Discount of 40% on excess baggage and a discount of 20% on courier services via DHL

3. Kotak 811 #DreamDifferent Credit Card

This is a lifetime free credit card that offers a wide range of benefits. You can apply for this credit card online without any income documents. It is backed by a term deposit made by the cardholder. Check out the key features of this credit card below. 

  • No joining fee or annual fees

  • 2 reward points against every ₹100 spent online and 1 reward point for every ₹100 spent elsewhere 

  • Add-on card issued if required 

4. West Bengal Student Credit Card (WBSCC)

Launched by the government of West Bengal, the West Bengal Student Credit Card (WBSCC) offers eligible students various benefits that make it easier to pay for their purchases and meet the costs of education. The key benefits offered by this credit card include the following:

  • Collateral-free loans up to ₹10 Lakhs for students

  • Low-interest rates on the loans availed 

  • Easy online application process 

5. Bihar Student Credit Card 

The Bihar Student Credit Card offered under the Mukhyamantri Nischay Swayam Sahayata Bhatta Yojna (MNSSBY) also helps students meet the costs of their educational supplies and other related expenses. Its key benefits include:

  • Loan offered via credit cards to eligible students

  • Nominal interest rates 


Note: The aforementioned cards are not available on Bajaj Markets. Please visit the issuers’ official website for more details.

Add-on Credit Cards for Students

An add-on credit card is a supplementary card that is issued against a primary credit card. Typically, add-on credit cards make it easier for the primary user as well as their immediate family members to use the credit card and avail its benefits. Students can benefit from add-on credit cards issued with their parents as the primary holder.


Some of the top advantages of add-on student credit cards include the following:

  • Higher Credit Limit:

Since your parents’ credit limit will generally be higher than what’s offered to you as a student, you get the benefit of a higher credit limit. 

  • Extensive Rewards and Benefits:

The rewards program on regular credit cards may also be more extensive. By taking on an add-on credit card as a student, you can also enjoy the exclusive rewards and benefits on the primary card. 

  • Secure Transactions:

Any transaction made using an add-on credit card is just as secure as a transaction made using a primary card.

Eligibility & Documents Required for a Student Credit Card

When you apply for this credit card, you will be required to meet some basic eligibility parameters and furnish some basic documentation. We’ve highlighted the same below: 

1. Eligibility Criteria 

  • You must be at least 18 years of age 

  • You must be enrolled in an educational institution

2. Documents Required 

  • Birth certificate

  • Recent passport size photograph

  • Proof of residential address

  • Identity card issued by the college/university

  • PAN card


Note: These pointers are only indicative and are subject to change at the discretion of the credit card issuer.

Frequently Asked Questions

What are the fees and charges of Student Credit Cards?

Such credit cards usually do not have any joining and annual fees or other associated charges. However, you must contact the issuing institution beforehand to get a clear idea regarding the credit card fees and charges.

What is the limit of credit cards for students?

The credit card limit for these credit cards is usually low and may vary from bank to bank.

How can I pay bills using a student credit card?

Ideally, you can pay your bills using the student card only if the biller is available in the list provided by the issuer. Major utility billers include gas, telephone, electricity, insurance, etc. When making the payment for such purposes, select the biller, provide the necessary details, and review the amount to be paid. After this, in the payment option, choose a credit card and pay the bill.

How can I check my student credit card status?

To check your credit card status, visit the bank’s official website, go to the ‘Credit Card’ section, enter the application reference ID, and click on ‘Track Credit Card Status’.

Can a student hold multiple student credit cards?

No, a student cannot hold multiple such credit cards.

Is there any specific income you need for a student credit card?

No. Since students generally don’t have any income, banks that offer student credit cards usually don’t have that as a requirement. Instead, banks may issue credit cards to students against a fixed deposit of a certain sum held with them.


How can minors get student credit cards?

While minor students may not be able to get this credit card on their own, they can opt to get add-on credit cards. Many banks offer add-on cards to students aged 15 years or more.

Is it possible to get a student credit card without a job?

Yes. Students without a job can still apply for this credit card. There are quite a few banks that offer secured credit cards. These cards are issued against a fixed deposit of a certain sum held with a bank and don’t require an income source.

Are there any documents needed to apply for a student credit card in India?

To apply for such a credit card, you may have to submit a few documents. The list of documents includes your PAN, address proof, and a copy of the identity card issued by the university or college where you’ve enrolled.

Which company gives credit cards to students?

Various banks, such as SBI, ICICI Bank, HDFC Bank, and Kotak Bank, offer such credit cards in India. Certain state governments, such as the State Government of Bihar and the Government of West Bengal, have also introduced credit card schemes for students.

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