Best Student Credit Cards in India

In an increasingly dynamic and interconnected world, the journey to financial independence begins early, often during the pivotal years of higher education. Student life is a period of growth, learning, and exploration, and it’s also an opportune time for young adults to cultivate responsible financial habits. Enter the realm of student credit cards – a financial tool tailored to the unique needs and circumstances of students. These specialized credit instruments offer a gateway to building credit history, honing money management skills, and navigating the intricacies of personal finance.

Best Student Credit Cards in India 2023

With the rising costs of education and the need for managing day-to-day expenses, having a suitable credit card tailored to the needs of students has become increasingly important. This article delves into the realm of financial empowerment by exploring the best student credit cards in India. From cashback rewards to exclusive discounts, these cards offer not only a convenient payment solution but also an opportunity for students to begin building a strong credit history. Here we navigate through the top options available, enabling students to make informed choices and embark on their journey towards a secure and financially savvy future.

ICICI Coral Contactless Credit Card

The ICICI Coral Contactless Credit Card stands out as a highly beneficial option tailored to students. With its convenient contactless technology, it offers swift and secure transactions. The card also provides a range of rewards and privileges. From cashback on dining and grocery expenses to complimentary movie tickets, the card enhances the lifestyle experience of students. Additionally, its contactless feature ensures easy usage and quicker payments. The ICICI Coral Contactless Credit Card combines financial flexibility with perks designed to suit the preferences and needs of today’s student population.

Key Highlights of ICICI Coral Contactless Credit Card

    • Joining and Annual Fees:
      Pay Rs. 500 + GST when you join.
      From the second year, Rs. 500 + GST annual fee is waived if you spend over Rs. 1,50,000 in the previous year.
    • Easy Payments: No need for a PIN, just touch your card on the reader.
    • Reward Points: Earn up to 10,000 Reward Points each year from ICICI Bank Rewards.
    • Railway Lounge Access: Enjoy one free visit to a domestic railway lounge every quarter.
    • Airport Lounge Access:
      Access select airport lounges in India for free once per quarter.
      Spend Rs. 5,000+ in a calendar quarter to get this benefit in the next quarter.
    • Movie Discounts:
      Get 25% off (up to Rs. 100) on purchasing 2 or more movie tickets on BookMyShow and Inox.
      Can be used twice per month.
    • Dining Offers:
      Exclusive dining deals through ICICI Bank Culinary Treats Programme.
      Check details at Terms and conditions apply.

ICICI Student Forex Prepaid Card

The ICICI Student Forex Prepaid Card is an ideal companion for students heading abroad. This card goes beyond just currency exchange, offering the convenience of holding multiple foreign currencies. What sets it apart is the bundled International Student Identity Card (ISIC) membership, unlocking a realm of travel benefits including discounts at hostels, eateries, and retail outlets. While the forex aspect is similar to other cards, the real advantage lies in its ISIC perks. This card essentially functions as a prepaid card with a touch of credit card convenience, making it a smart choice for student travelers.

Key Highlights of ICICI Student Forex Prepaid Card

    • Joining fee: INR 499 + 18% GST
    • Annual fee from the second year: INR 199 + 18% GST
    • Annual Benefits (From Second Year):
      Get an ISIC membership voucher.
      Card Protection Plus insurance.
      Coverage for lost or counterfeit cards up to INR 5,00,000.
    • Joining Benefits Worth INR 5,000:
      ISIC membership (worth INR 999).
      40% off on excess baggage and 20% off on DHL courier service.
      Card Protection Plus insurance (worth INR 1,600).
      Coverage for lost or counterfeit cards up to INR 5,00,000.
    • How to Get the Card:
      Apply through iMobile app or visit the nearest ICICI Bank Forex Branch.

HDFC ISIC Student Forexplus Card

The HDFC ISIC Student ForexPlus Card is an advantageous financial companion for students heading abroad. Packed with benefits, this card combines the convenience of a forex card with the perks of an International Student Identity Card (ISIC). Notably, it offers reduced forex charges, standing 3% lower than some counterparts. Beyond financial advantages, the card grants ISIC membership benefits, ensuring discounts on various services catering to student needs. With the HDFC ISIC Student ForexPlus Card, students can seamlessly manage their finances while enjoying exclusive privileges and savings during their international journeys.

Key Highlights of HDFC ISIC Student ForexPlus Card

    • Card Issuance Fee: INR 300 per card
    • Reload Fee: INR 75 + GST per card
    • Reissuance/Replacement Fee: INR 100 + GST per card
    • Available in 3 currencies: USD, EUR, GBP
    • Accepted globally at VISA/MasterCard merchants and online shops
    • ISIC Identity Card:
      Comes with a free ISIC Identity Card.
      Offers discounts on products, services, and experiences in 130+ countries.
    • Travel Benefits: Includes comprehensive insurance covers for worry-free travel.
    • Eligibility:
      Minor (12-18 years old), Major (Above 18 years old)
      Need a signed Forex Card Application Form
      Self-attested copy of Valid Passport
      Self-attested copy of PAN card (for major applicants)
      Address proof if different from passport address
    • Additional Documents (For Non HDFC Bank Customers):
      Cancelled cheque/passbook
      Copy of 1-year bank statement
      Self-attested copy of International travel Ticket or Visa.

SBI Student Plus Advantage Credit Card

The SBI Student Plus Advantage Credit Card is tailored exclusively for students, offering a valuable opportunity to practice responsible financial management. This card is accessible to those with an education loan from State Bank of India or a Fixed Deposit (FD) at any SBI branch. With a focus on the unique needs of students, the card provides a range of features to help them navigate their financial journey effectively.

Key Highlights of SBI Student Plus Advantage Credit Card

    • Rewards and Payments:
      Earn 1 reward point for every Rs. 100 spent.
      Use earned points to pay your credit card bill.
    • Fuel and Fees:
      Get 2.5% fuel surcharge waiver at petrol pumps in India.
      No annual fee if you spend over Rs. 35,000 in the last quarter.
    • Special Rewards:
      Get 10X rewards on shopping at departmental stores and for groceries.
      10X rewards on international spending.
    • Convenience Features:
      Book train tickets online.
      Accepted worldwide at 24 million outlets.
    • Interest Rate: Low 2.25% per month interest rate.

Axis Bank Insta Easy Credit Card

The Axis Bank Insta Easy Credit Card offers a convenient and secure way to manage your finances. By using your Fixed Deposit with Axis Bank as collateral, this chip and pin enabled card provides a credit limit tailored to your deposit amount. It’s particularly useful for students in India who may not have a traditional credit history. With the added benefit of earning reward points on your spending, the Insta Easy Credit Card combines simplicity and rewards for a well-rounded financial tool.

Key Highlights of Axis Bank Insta Easy Credit Card

    • Enjoy 50 days of free credit.
    • Get a 1% waiver on fuel surcharge for transactions between INR 400 and INR 4000.
    • Save at least 15% on food at partner restaurants.
    • Earn 6 points for every INR 200 you spend within India.
    • Get 12 points for every INR 200 spent internationally.
    • Get 100 points for your first online transaction.
    • You can withdraw cash up to 100% of your credit limit.


The IDFC FIRST WOW Credit Card is a tailored solution for students and travelers, offering unique advantages. With no foreign exchange mark-up fees, it’s an ideal companion for those journeying abroad. Alongside this benefit, the card offers rewards on your spending. To access this card, one needs to open a linked fixed deposit account. This arrangement not only sets your credit limit but also ensures you can make the most of this card’s features.


Key Highlights of IDFC FIRST WOW Credit Card

    • Welcome Cashback on EMI: Get 5% cashback (up to Rs.1000) on your first EMI within 30 days.
    • Cash Withdrawal:
      You can withdraw up to 100% of your Fixed Deposit amount.
      Enjoy interest-free cash withdrawal from ATMs for up to 48 days.
    • Rewards and Benefits:
      Earn up to 4X rewards on both online and offline spending.
      Your reward points never expire.
      Up to 20% off at 1,500 restaurants.
      Get insured with a Personal Accident cover up to ₹2,00,000.
    • Other Offers: Access over 300 unique merchant offers and more.
    • Travel and Convenience:
      No forex markup for worry-free international spending.
      No need for documentation, credit history, or income proof.
    • Credit Card Backed by FD: Your credit card is linked to a Fixed Deposit with returns starting at 7.25% p.a.

Kotak 811 #DreamDifferent Credit Card

The Kotak 811 #DreamDifferent Credit Card offers a unique blend of convenience and rewards. With this card, you can enjoy interest-free cash withdrawals, earn rewards on your purchases, and benefit from a credit limit of up to 90% of your term deposit amount. What’s more, this credit card comes with a lifelong free membership, making it an attractive option for those seeking both financial flexibility and rewards.

Key Highlights of Kotak 811 #DreamDifferent Credit Card

    • No joining fees and No annual fees.
    • Reward Points:
      Get 2 reward points for every Rs. 100 spent online.
      Earn 1 reward point for every Rs. 100 spent on other purchases.
    • Activation Offer: Score 500 bonus reward points by activating your card and spending Rs. 5000 within the first 45 days.
    • Interest-Free Cash Withdrawal:
      Withdraw up to 90% of your credit limit.
      Pay Rs. 300 processing fee for every Rs. 10,000 withdrawn.
      Enjoy 48 days of no interest on cash advances.
    • Eligibility:
      Primary cardholder age: 18 to 75 years.
      Add-on cardholders must be 18 or older.
      Minimum credit limit: Rs. 9,000 (non-811 account holders) or Rs. 5,000 (811 account holders).