tutopia student credit card

Student Credit Card

Under the visionary leadership of Mamata Banerjee, Hon’ble Chief Minister, West Bengal, The Higher Education Department, Government of West Bengal has introduced the Student Credit Card Scheme for the students of West Bengal to enable them to pursue education without having any financial constraints.

This scheme is designed to support the students to pursue secondary, higher secondary, madrasah, undergraduate and post graduate studies including professional degree and other equivalent courses in any School, Madrasah, College, University and other affiliated institutes within and outside India.

Students studying in various coaching institutions for appearing in different competitive examinations like Engineering, Medical, Law, IAS, IPS, WBCS etc, can also avail the loan under this scheme.

A student from West Bengal can obtain a maximum loan of Rs. 10 lakhs @ 4% per annum simple interest from the State Cooperative Bank and its affiliated Central Cooperative Banks and District Central Cooperative Banks and Public/ Private Sector Banks. 1% interest concession will be provided to borrower if the interest is fully serviced during the study period. The upper age limit for the interested students has been kept as 40(forty) years at the time of applying for loan. The repayment period shall be fifteen (15) years for any loan availed under this Credit Card including the Moratorium/ repayment holiday. For details kindly go through the Scheme given in this portal.

Special Message

student credit cards

Dear students,
We had promised you sometime back that our government would provide credit card facility to our students to help them pursue higher education more easily. You will be happy to know that we have kept our word. The State Government is happy to launch the STUDENT CREDIT CARD project, which will henceforth cover...Read More

Mamata Banerjee

Hon'ble Chief Minister

student credit card application

The priority of Government of West Bengal, led by our visionary Chief Minister Mamata Banerjee is providing Quality Education to the students of our state. She dreams of restoring the glory of Bengal, when we used to lead our country in the fields of Arts and Culture, Science and Technology, Commerce and Industries. To achieve this dream, our students need to be trained...Read More

Bratya Basu

Hon'ble Education Minister

How it works?

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apply for a student credit card
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Student Credit Card Application Process

Much like any other credit card application, you can apply for student credit cards online and offline. The student credit card application, when made offline, can be tedious and time-consuming.

It requires you to visit the financial provider’s branch in person. Meet with a representative who will guide you on how to apply for credit card with them. If you pass the eligibility criteria, and have the necessary documents, fill the application form and you will receive your student credit card in a few days.

On the other hand, you can get credit cards for students online as well. The student credit card apply process, when done online is convenient and quick. Just fill the student credit card online form, upload the supporting documents, and you are done. Keep reading to know how to apply for a student credit card online.

How to Get Student Credit Card Online

Follow the steps below to apply for a student credit card online –

  • Visit the issuer’s website and go to the credit card section
  • Check your eligibility for the student credit card
  • Fill the online credit cards for students application form
  • Upload the supporting documents on the portal
  • After submitting your student credit card application, a representative will get in touch with you for further procedures
  • Upon approval, the issuer will dispatch your credit card instantly
  • Now that you know how you can apply for a student credit card in India let us discuss the eligibility criteria and documents required during the process.

Eligibility for Student Credit Card

The student credit card eligibility criteria are as follows –

  • The student credit card age limit is 18 years old and above
  • The individual needs to be in college or university to get a student credit card
  • The credit card issuer can ask the parents/guardians of the student to open a fixed deposit account to get a student credit card
  • Some banking institutions make it mandatory to open a savings account with a minimum quarterly balance before issuing a student credit card
  • Some banking institutions only give student credit cards to people who have availed an education loan with them

Documents Required for Student Credit Card

Since the students cannot present any income proof or salary slips, the student credit card documents needed are as follows –

Identity Proof Documents (Submit Any One)

  • PAN card
  • Aadhaar card
  • Passport
  • Voter ID
  • Driving licence

Address Proof Documents (Submit Any One)

  • Passport
  • Voter ID
  • Driving licence
  • Ration card
  • Utility bills of the last three months

Age Proof Documents (Submit Any One)

  • School certificate
  • Birth certificate
  • Passport
  • Voter ID

College/University Enrollment Proof Documents (Submit Any One)

  • College ID
  • Admission slip
  • Study certificate from college/university

With this, students can get a credit card in India in no time. Further, we have shed some light on the features and benefits of student credit cards that you need to know. Having these insights will encourage you to make an informed decision.

Features and Benefits of Student Credit Card

The unique student credit card features are as follows –

  • It comes with a low credit limit so that the students do not overspend and get themselves into debts
  • It comes with a low cash withdrawal limit so that students get to use the funds wisely and in case of emergencies only
  • It comes with a validity of five years
  • It can be converted into a standard credit card once the student finishes his/her education
  • Students can increase the credit limit of the card based on their employment and income status

The benefits of college students having credit cards are as follows –

  • It teaches students to get their finances under control and repaying debts on time from a very young age
  • Prompt repayment of student credit card benefits them by building a good credit score
  • Students earn reward points and discounts on various items
  • There are no fees on applying for a student credit card
  • Also, no charges are applicable in case the student needs a duplicate credit card

The Fees and Card Limit of Student Credit Card

A student credit card is quite an affordable financial instrument for college-going students. As explained earlier, the student credit card has no annual fee. Nevertheless, this depends on the financial institution that issued you the card. So, get in touch with the issuer and check whether they offer no fee student credit card.

Moreover, the student credit card limit is minimum (up to Rs. 15,000), and the card is valid for five years. The limit is set to a minimum so that students do not overspend and get themselves into debt from a young age.

Student Credit Card Rewards

The credit card offers for college students are designed in a way that is beneficial to them and makes managing finances fun and easy. Along with this, the issuers in India also offer some of the best credit card deals for students.

Typically, the student credit card rewards involve cashback and discounts that help students save a fortune. Students can enjoy special discounts on movie tickets and events, fuel surcharge waivers, free airport lounge access, interest-free ATM withdrawals, and more.

The student credit card offers reward points that can be used to redeem coupons and merchandise on the issuer’s reward catalogue.

Student Credit Card Safety, Login & Customer Care

While a credit card is the most convenient instrument that gives you quick access to funds, it needs to be handled carefully, especially if you are a student. The student credit card safety can be attained by following a few simple tips given below –

  • Make sure that you are not sharing the ATM pin or your net banking password with anyone
  • Try to avoid shopping for things from unsecured websites
  • Make sure that you do not share your student credit card number with anyone

In case the card gets stolen or blocked, contact your student credit card customer care and raise a concern immediately.