How to Apply for a Student Credit Card in India: Step-by-Step Process

The process of applying for a student credit card in India is not a complicated one if you know how to do it right. A student credit card is not just a financial instrument to make purchases; it’s the first step towards building a solid credit history. With the help of this step-by-step guide, credit card apply process becomes simple and easy.

Before we dive into the process, let us first understand the concept of a student credit card. In India, it offers features and benefits specifically designed to meet the financial needs of students studying in college or universities. With benefits such as rewards on spending, low-interest rates, and more relaxed eligibility criteria, a student credit card becomes a valuable financial tool.

Now, let’s examine the step-by-step process on how to apply for a student credit card in India:

Step 1: Eligibility Check

Usually, banks have specific eligibility criteria for issuing a student credit card. Most require the applicant to be above 18 years old and have a valid student identity card from a recognized educational institution. Income proof is generally not required.

Step 2: Selecting the right Bank

While many banks offer a student credit card, the primary focus here is on the co-branded credit cards offered by Bajaj Finserv. This financial institution provides two significant types of credit cards – Bajaj Finserv RBL Bank Credit Card and Bajaj Finserv DBS Bank Credit Card. These cards offer exclusive benefits like interest-free cash withdrawals, fuel surcharge waiver, robust security, and high rewards on online spends.

Step 3: Applying for the card

The next step in the credit card application process is filling out the application form. This can be done by visiting the bank’s branch or applying online on the bank’s official website. The form asks for various details like name, age, residential address, education details, etc.

Step 4: Documentation

After filling up the application form, the next step is to provide the relevant documents. This usually includes ID proofs, address proofs, and the student ID card. The exact list of documents might vary with banks.

Step 5: Verification

Once all the documents are submitted, the bank will verify the details provided in the application and the documentation. The bank might also conduct a physical verification of the applicant’s residence.

Step 6: Approval & Dispatch

After the successful verification of all the details, the bank will approve the credit card application. The card will then be dispatched to the registered address of the student. This process usually takes around 7-10 working days.

Co-branded cards like the Bajaj Finserv RBL Bank Credit Card and the Bajaj Finserv DBS Bank Credit Card offer additional benefits, like flexible repayment options and attractive reward programs for shopping, dining, and more. These features can be incredibly beneficial for students.

Applying for a Bajaj Finserv Credit Card is simple and hassle-free. Visit the official website of Bajaj Finserv, fill out the student credit card India application form, and submit the necessary documents. If all the criteria are met and the bank finds everything in order, approval of the credit card becomes just a matter of time.

Conclusion

In conclusion, obtaining a credit card for students in India is a straightforward process. It requires selecting the right bank – one that understands and caters to students’ needs – and collecting the necessary documents. With institutions like Bajaj Finserv that offer co-branded credit cards loaded with benefits, managing finances and building a strong credit history becomes easy for students.