To qualify for a student credit card, you have to meet the following standard eligibility criteria: You should be a college student aged 18 years or above.
How to apply for a student credit card
- Birth certificate.
- College or University ID.
- PAN card.
- Residential address proof.
- Passport size photograph.
- 1 Who is eligible for student credit card?
- 2 How do students get approved for credit cards?
- 3 Which bank credit card is best for student?
- 4 What is minimum salary for credit card?
- 5 Can I buy a laptop with student credit card?
- 6 Do student cards build credit?
- 7 How does a student credit card work?
- 8 How long does it take to get a student credit card?
- 9 Can a 19 year old get a credit card?
- 10 Can a 15 year old get a debit card in India?
- 11 Can 18 year old apply for credit card?
Who is eligible for student credit card?
Student Credit cards are offered to individuals at the college level. These credit cards do not require any income and eligibility limit. Thus, any student above the age of 18 years is eligible to apply for the student credit card.
How do students get approved for credit cards?
To apply for a student credit card, you may need to show proof of a steady income from a part-time or full-time job or have a co-signer (a person over the age of 21 with a steady income who takes responsibility for your late or missed payments) join you in the application process.
Which bank credit card is best for student?
What are the best credit cards for students in India?
- SBI Student Plus Advantage Card.
- ICICI Bank Student Travel Card.
- HDFC ForexPlus Card.
- HDFC Multicurrency Platinum ForexPlus Chip Card.
- Eligibility Criteria for Credit Cards for Students.
- Documentation Required.
What is minimum salary for credit card?
Salary is a crucial deciding factor for credit cards. Someone earning say Rs 50,000 per month is eligible for a different type of card than a person earning Rs 25,000 per month. On an average, income requirement is between Rs 1,44,000 and Rs 25,00,000 per annum for both salaried persons and self-employed.
Can I buy a laptop with student credit card?
Can I purchase a laptop with my credit card? Yes, you can make purchases on your credit card provided you have the sanctioned credit limit.
Do student cards build credit?
Used responsibly, a student credit card can help you build credit while giving you cash back on daily purchases. It can take seven years to develop a credit score that’s considered “excellent”. That means someone who starts at age 18 or 20 will be in a good place by age 27 to get a mortgage, for example.
How does a student credit card work?
A student credit card is a credit card that is offered to students at the college level. Any student beyond the age of 18 years is eligible to apply for the credit card as it does not have an income eligibility limit. These credit cards have lower interest rates and have a validity period of 5 years.
How long does it take to get a student credit card?
As with any credit card, when you apply for a student credit card, you could receive a decision instantly if you apply online, or it could take as long as 10 business days. It usually takes 7-10 business days to receive a card in the mail after approval.
Can a 19 year old get a credit card?
Consumers can apply for credit cards starting at age 18, but the law requires them to have an independent income or a co-signer. So, a person aged 18, 19 or 20 usually has to earn and prove their own income before being approved for a credit card.
Can a 15 year old get a debit card in India?
Debit card eligibility is linked to your savings account. In order to obtain a debit card, you need to open an account with a bank. # In the case of minors, the parents or legal guardian of the minor can open the account on their behalf.
Can 18 year old apply for credit card?
Age – You will need to be minimum 18 years of age to apply for a Credit Card. Even if you are an add-on Credit Card holder, the age limit needs to be met. Anyone meeting this criteria becomes eligible for a Credit Card. Income – Each bank has a specified minimum income set by them as an eligibility criteria.