Credit cards have become an essential part of our lives today because of the convenience they offer.
Student credit cards, designed specifically to address students' needs, are quite new to the industry. In India, however, banks issue credit cards to students either against fixed deposits/savings accounts, as add-on cards, or to education loan customers.
There is no joining fee, annual charges, or supplementary card fee.
Cardholders can earn PAYBACK Points for transactions and enjoy 15% savings on dining (Culinary Treats), Rs. 100/month off on BookMyShow movie tickets, a low-interest rate of 2.49% per month, etc.
Kotak Mahindra Bank's Aqua Gold Credit Card
Students can also apply for Kotak Mahindra Bank's "Aqua Gold Credit Card" issued against a minimum term deposit amount of Rs. 25,000.
There is no joining/annual fee. It offers a credit limit upto 80% of the term deposit amount, fuel surcharge waiver of Rs. 500-3,500, free PVR movie tickets (on Rs. 1,50,000-worth spends in a year), Railway surcharge waiver of upto Rs. 500, etc.