Credit cards nowadays are almost a necessity, with almost every monetary transaction being pushed to be cashless. Credit cards are extremely helpful items that allow one to track their expenses and pay accordingly to all their requirements in a hassle-free way, both online and offline. Below are all the details about student credit cards.
A student credit card is a credit card that is offered to students ideally at the college level. Any student beyond 18 years is eligible to apply for the CC as it does not have an income eligibility limit. These credit cards have lower interest rates and have a validity period of 5 years. Even below 18 years of age, they can apply for a credit card while fulfilling the eligibility criteria.
A CC functions like a regular one, helps you build up your credit, and usually has very low incentives rates.
With a CC, you thus can put down the pressure of financial problems and seamlessly pursue your chosen career path. Government credit cards also provide loan offers to students with a minimal value of 1 to 4% of interest rate.
One of the best CC for students is the Bajaj Finserv RBL Bank Supercars, which functions as a CC and allows one to exercise all the benefits and features of the CC that are worthwhile and necessary to every student.
Benefits and characteristics of a student credit card:
1. The student credit card allows you to maintain a good credit point that, once accumulated, will help you to easily avail any requirement or payment as needed, like enrolling somewhere online, buying educational packages or books, as well as tuition payment.
2. This type of credit card also does not need a lengthy application process, and all you have to produce are your Birth Certificate, College or University ID, PAN card, Residential address proof, and a Passport size photograph.
3. While applying for this credit card, you do not need to provide proof of income.
4. This best credit card system for students thus enables them to receive cashback and discounts and offer great reward points for extra benefits. This becomes especially helpful when in any kind of financial crisis.
5. A student can withdraw cash at any time due to some kind of emergency need at any nearby ATM by using their credit card.
6. This credit card has a low credit limit for extra convenience and remains valid for 5 years.
The application process:
The application process starts once you meet the eligibility criteria for a CC. If you’re 18 years or older and are a college student, you’re eligible for a student credit card. In special cases, however, one can appeal for a special student credit card if the pupil is under 18 years of age.
You can apply for a CC against a fixed deposit or a savings account in your bank. One can also appeal to issue an add-on student credit card to an existing CC of a parent or family member.
The CC does not act as a personal CC. It should only be used for financial purposes during educational envoys.
After graduating from college, your accumulated credit on your card will benefit you further by providing you with hefty leverages and a lot of saving money that can be used for further higher studies.
A student credit card is a great way to start getting the hang of managing finances and a great way to save money so that one need not worry about money while pursuing their dream. One of the best credit card systems provides everything a student might need, from stopping reckless expenditure to offering discounts during enrollment. It is a great opportunity for any student that shouldn’t be missed.
Conclusion
The advantages of a student credit card are undoubtedly very crucial to any fiscal need. With technology evolving to greater heights and many mechanical improvements approaching us, it’s important to handle our finances well.
Cash transactions are often a lot of hassle and unsafe. With your credit card, you do not have to worry about thievery. If you lose your credit card, you can just contact your bank to block your card until you retrieve it. You can also opt for a new card anytime, owing to difficulties. The special pin you’re given is all you need while making a payment.
Thus by using this credit card, you can execute all necessary functions related to your education like buying study material or paying college fees without worrying about having the exact amount of cash at all times or a high rate of interest in the future.
Undoubtedly the best credit card, the Bajaj Finserv RBL Super Card comes with amazing qualities. With this card, one can manage their daily dealings easily, complete with valuable offers and simple procedures. With the world gone online, it’s smarter to choose to get a student credit card and get your necessary work done with just a click.
