Discover the best credit cards for students in India that require no income proof. Compare top options like SBI, Axis Bank, and HDFC cards for travel, savings, and convenience.
Managing finances as a student is no easy feat, especially without a steady income. Credit cards designed for students in India help simplify expenses and introduce financial responsibility early. What’s even better? Some cards don’t require income proof, making them ideal for students looking to build credit or manage travel and study expenses. Finding the right credit card as a student can be challenging, especially if you lack steady income. Fortunately, several banks in India offer credit cards tailored to students, and some don’t require income proof. These cards help students manage finances, earn rewards, and even build a credit history. Below is an updated guide to the best student credit cards in India, with verified details and a handy comparison table to make your choice easier.
Here’s a list of the best credit cards for students in India that don’t require income proof. Let’s explore their unique benefits, eligibility criteria, and why they’re a great fit for students.
SBI Student Plus
Advantage Credit Card
The SBI Student Plus Advantage Credit Card is ideal for students who already have a fixed deposit with the bank. It offers flexible repayment options and a wide range of benefits. It is offered to students who have an education loan from SBI.
Key Features:
- Reward Points: Earn 1 reward point for every ₹100 spent. Redeem points for gifts or discounts.
- Fuel Surcharge Waiver: Save 2.5% on fuel purchases (up to ₹100/month).
- EMI Conversion: Convert big-ticket purchases into EMIs.
- Global Acceptance: Use it worldwide for purchases and ATM withdrawals.
Eligibility:
- Students must maintain a Fixed Deposit (FD) with SBI.
- A co-signer or guarantor (parent/guardian) is required.
Axis Bank
My Zone Easy Credit Card
This card offers easy approval and doesn’t require income proof, as it is issued against a Fixed Deposit. It is suitable for students starting their credit journey.
Key Features:
- No Income Proof Needed: Available against an FD of at least ₹20,000.
- Credit Limit: Up to 80% of the FD value.
- 25% off on movie tickets purchased using the card
- Free credit for 50 days: No extra charge for purchase transactions upto 50 days
Eligibility:
- Must hold a Fixed Deposit with Axis Bank.
- No income or salary proof required.
Kotak 811 #DreamDifferent Credit Card
The Kotak 811 #DreamDifferent Credit Card is designed as a high rewards secured credit card with innovative reward choices and assured approval for FD holders
Key Features:
- Lifetime Free (Backed by FD): upto 90% of FD amount available as credit limit; minimum FD of Rs 5,000
- Activation Offer: 500 bonus reward points on activation and spend of Rs. 5,000 within the first 45 days
- Reward points: 2 reward points against every Rs. 100 on online spends
- Redemption options on completion of anniversary: Cashback of Rs 750 or 4 free PVR tickets after 3 months of completing a calendar year with the card
Eligibility:
- Applicants must be 18 years of age and a resident of India
- No income proof needed, applicant needs to create or hold an FD with the bank
IDFC FIRST WOW!
Student Credit Card
The IDFC FIRST WOW! Student Credit Card is designed specifically for students, offering a range of benefits without the need for income proof.
Key Features:
- No Income Proof Required: Accessible to students without a steady income.
- 4X Reward Points: Earn 4X reward points on all spends.
- Zero Forex Markup Fee: Save on international transactions.
- Dining Discounts: Up to 20% off at over 1,500 restaurants.
- Lifetime Free: No annual or joining fees.
- Customer Support: 24/7 assistance for lost card replacement or queries.
Eligibility:
- Applicants must be 18 years or above.
- No income proof needed.
Comparison Table of Student Credit Cards
| Credit Card | Eligibility | Key Benefits | Ideal For |
|---|---|---|---|
| IDFC FIRST WOW! Student | FD with IDFC FIRST (₹10,000 min) | Zero forex fees, 4X rewards, free for life | Domestic and international students |
| SBI Student Plus Advantage | FD with SBI, co-signer required | Rewards, fuel surcharge waiver, EMI option | Domestic students with SBI FD |
| Axis Bank My Zone Easy | FD with Axis Bank | Flexible credit limit, offers on movie tickets | Beginners building credit |
| Kotak Mahindra 811 #DreamDifferent | FD with Kotak Mahindra Bank (₹5,000 min) | Anniversary reward – cashback or movie tickets | Lifetime free card seekers |
Tips for Choosing the Right Credit Card
- Assess Your Needs: If you’re studying abroad, forex cards like the HDFC ISIC or ICICI Student Travel Card are best.
- Check Eligibility: Ensure you meet the card’s FD or admission requirements.
- Compare Features: Focus on fees, discounts, and rewards to maximize value.
- Use Responsibly: Pay bills on time and avoid overspending to maintain a good credit score.
Conclusion
Student credit cards without income proof are a fantastic way to start your financial journey, manage expenses, and enjoy perks like rewards, discounts, and travel benefits. Compare the options in the table above and select a card that aligns with your needs. Remember to use your credit card responsibly to avoid debt and build a strong financial foundation.
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