Student Credit Card: This credit card is very beneficial for students

Student Credit Card: This credit card is very beneficial for students,

The use of student credit cards has significantly changed our spending habits. And let me tell you that most of the people use credit account instead of emergency savings account. Like normal credit cards, student credit cards are also in trend, which are designed to maintain a balance between spending and earning of college students. Let us tell you, this credit account is made for the students. So that the balance of the expenses of the students is maintained. This credit account helps you to manage your money and spend it in an easy way. And probably you know about student credit card, student credit card is made for those students who come to study in college.

Student Credit Card

Student credit cards are cards designed to meet the financial needs of college students. They come with the basic features of credit cards such as interest free period, reward earning and discounts. College students above the age of 18 years can apply for the student credit card. No income document is required. A student credit card can be a great tool for students to learn financial responsibility and build credit. You can also get Student Credit Card made if you are in college and you can manage your money. Let me tell you, if you have a student credit card, then you will not need a savings account.

student credit card 2022

Student credit cards come with limited credit cards so students do not spend much money. Because there is a limit in this that you can spend only that much money, you cannot spend more money than this, there is a limit for every month, you cannot use more than that limit. The amount of cash withdrawal under this card is less, so students should use this fund wisely. Students can convert this card to a standard credit card after the completion of their studies. Students can increase their limit according to their job and income. Paying credit bills on time improves credit score. Students understand finance even at a young age. ,

student credit card apply online

However, not all students are eligible to receive a student credit card. Only students who are in college can apply for student credit cards. Various banks and financial institutions have come up with a different set of eligibility criteria for issuing student credit cards. Only those who meet the criteria will be eligible to apply for the credit card. Whereas some banks like State Bank of India provide credit cards to their education loan customers only. Whatever the process, if you are a student above 18 years of age and want to apply for a student credit card, you must first know which bank is offering the best student credit card and how to apply for it . Process.

Once you meet the eligibility criteria set by the bank for a student credit card, you can check with the bank about the process to apply for it. Not all banks follow the same procedure. Therefore, it is imperative to speak to a bank person about the bank-specific process of applying for a student credit card. While some banks allow you to apply online, others may require you to visit the bank branch and submit the application directly.

Documents Required- While applying for a student credit card, the bank may ask you to submit some of the following:

• PAN/any other government approved photo ID proof.
• Aadhar / any other Government approved residential address proof.
• Birth certificate.
• College ID card or any other proof of enrollment.
• Passport size photographs.

MP Student Credit Card 2022

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

1. Add-on card: If you are 18 years of age or above, you can ask immediate members of your family to apply for an add-on card. The process is relatively quick and only basic KYC documents are required.
2. Secured Credit Card: To get a secured credit card, you need to open a fixed deposit account with the bank. If you already have a fixed deposit account, request the bank to provide you with a secured credit card instead.
3. Credit card on student loan: You can get a student credit card from a bank that offers credit card on loan. A popular example of this is the SBI Student Plus Advantage Credit Card.

Some of the Best Student Credit Cards are:

• State Bank of India (SBI)
• HDFC Bank

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