Bihar Student Credit Card

The students who are eligible for this scheme can apply through online portal. Following are the steps to apply online for this scheme.

Student Credit Cards: How to get best credit card for students

Credit cards have changed the way we spend. You can make small to high-value purchases securely and avail emergency loans while earning handsome reward points. Apart from these features, credit card companies also offer other benefits that are customised to suit different spending needs.

Student credit cards are easy to qualify for as issuers don’t require you to produce lengthy documentation. Also, you don’t have to produce income proof, which hastens approval.
A student credit card helps you build a good credit score before graduating. This way, you can avail credit at competitive terms in the future, provided you manage your credit card well.
This type of credit card offers various perks like cashback and discounts that can help you save a lot of money. Further, it also gives handsome reward points that you can redeem for coupons and merchandise on the issuer’s rewards catalogue.
Typically, a student credit card has a low credit limit of up to Rs.15,000 as compared to other cards and is valid for 5 years. This keeps you from spending recklessly and falling in a debt trap.
You can use a student credit card for various purposes like enrolling for an online course, buying books, refilling fuel, and more.
Student credit cards have nil or relatively lower joining fees and low annual charges when compared to other credit cards, which makes it easy for you to maintain and use.

To qualify for a student credit card, you have to meet the following common eligibility criteria:

You should be a college student aged 18 years or above.
Some issuers require you to have an education loan with them.
Birth certificate
College or University ID
PAN card
Residential address proof
Passport size photograph

Apart from applying for a student card directly with the issuer, you can also avail a card in the following ways:

You can apply for a credit card against a fixed deposit you have in your name. If the issuer is keen on giving you a credit card against your collateral, then it is likely that they will give you a credit limit equal to or close to the fixed deposit amount.
Some issuers require you to have an education loan with them.
Can the particular activity be done later? Defer it!
You can ask your parent or any of your family members to get you an add-on card on their existing credit card.
You can also apply for a student credit card against your savings bank account, provided you maintain the monthly average balance as specified by the bank.

Some of the top-premier institutes for Engineering in Bihar are - Indian Institute of Technology, Patna; Bhagalpur College of Engineering, Bhagalpur; Birla Institute of Technology, Patna etc. Students who want to pursue B.Tech/B.E/M.E courses in Engineering can easily avail their education loan if they have secured admission in a reputed institution. If a student has secured admission in one of the premier institutions, then getting an education is very easy. Most of the institutions are partnered with several banks to offer financial accessibility to the students. Some of the banks who offer loans for Engineering in Bihar are State Bank of India, Axis Bank, Punjab National Bank and HDFC Credila. NBFCs like Avanse, Incred and Auxilo are also prevalent on the scene.