Being a student from paying for tuition fees, purchasing textbooks, and maintaining a social life, choosing top student credit cards in India can be a difficult task and which also add up expenses quickly. These cards are designed to offer financial assistance to students who are looking for a convenient way to pay for their expenses. In this article, we’re going to explore some of the best student credit cards for students who are looking out to get one.
Top Student Credit Cards in India 2024
In India, there are several top student credit cards that give multiple benefits to students. Let’s explore some of the best student credit cards available in India in 2024.
IDFC FIRST WoW Credit Card
The IDFC FIRST WoW Credit Card is a popular choice among students. It offers several benefits, including a 10% cashback on all spending made on dining, entertainment, and groceries. In addition, cardholders can enjoy a 20% discount 1500+ restaurants with this card. The card also offers a lower interest rate of 0.75% to 3.5% per month.
AU Bank LIT Credit Card
The AU Bank LIT Credit Card is another popular choice among students. The card offers several benefits, including a 1% cashback on all spends made on fuel, a 5% cashback on grocery, travel, dining, electronic, and apparel spends. Also, get 10X RPs on both online and offline spends and complimentary access to domestic airport lounges in India.
IDFC FIRST Millennia Credit Card
The IDFC FIRST Millennia Credit Card is designed for millennials and offers several benefits to students. The card gives 5% cashback on your first EMI transaction if done within the first three months, 25% discount on movie tickets on the Paytm app every month.
Flipkart Axis Bank Credit Card
Flipkart Axis Bank Credit Card is provided by Axis Bank, which is a co-branded card that offers several benefits to students. The card gives 5% cashback on all purchases made on Flipkart, 1.5% cashback on Myntra, and all other spends, 4% cashback on all preferred partners (swiggy, uber, PVR, and cult.fit). In addition, the card comes with a zero annual fee and an interest-free period of up to 50 days.
Amazon Pay ICICI Bank Credit Card
The Amazon Pay ICICI Bank Credit Card is a co-branded card that offers several benefits to students. This credit card give a 5% cashback on all purchases made on Amazon, a 3% cashback for non-prime members, and a 1% cashback on all other spends.
In addition, the card comes with a zero joining & annual fee and cardholders can get a 15% discount in dining bills at participating restaurants.
Benefits of Top Student Credit Cards in India
Student credit cards come with several benefits that make them an attractive option for students. Firstly, they offer a convenient way to pay for expenses without carrying cash. Secondly, they offer rewards and cashback on spends, which can help students save money.
Thirdly, they offer an interest-free period, which means students can pay off their bills without incurring any interest charges. Lastly, they help students build a credit score, which can be beneficial while applying for loans or credit in the future.
Pros and Cons of Student Credit Cards
Like any financial product, student credit cards come with their exact share of pros and cons. Here are some of the advantages and disadvantages of student credit cards:
- Convenient way to pay for expenses
- Offers rewards and cashback on spends
- Interest-free period
- Helps build a credit history
- High-interest rates if bills are not paid on time.
- Can lead to spend more than the limit and take towards debt if not used responsibly.
- May require a co-signer if the student has no credit history.
Top student credit cards in India offer several benefits to students. From cashback offers to interest-free periods, these cards are designed to manage finances easier for students. However, it’s important to use these cards responsibly and make timely bill payments to avoid any penalties or high-interest rates. With the right approach, student credit cards can be a useful tool for students to manage their finances and build a credit history.