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Personally , I have used sbm bank one card(fixed deposit) as secured card for 1 year 4months and I have recently closed it . In this post , I will mention some best credit cards for students .
The first question which may arrive on this post might be "why do students even required a credit card?"
Ans- 1. It is essential in building up credit score(CIBIL/EXPERIAN/CRIF)
2. It helps them manage their expenses(Some people may argue saying cc will exploit students and make them spend more and also buy unnecessary things).As soon as the credit card bill is generated , it gives them way to analyse their spending behaviour and know where, when and on what categories did they spend?
3. Earn some reward points (Reward rate of student's/fd credit cards is generally low but still the feeling of redeeming reward points is way too fun and enjoyable)
LIST OF BEST CREDIT CARDS FOR STUDENTS-
The first question which may arrive on this post might be "why do students even required a credit card?"
Ans- 1. It is essential in building up credit score(CIBIL/EXPERIAN/CRIF)
2. It helps them manage their expenses(Some people may argue saying cc will exploit students and make them spend more and also buy unnecessary things).As soon as the credit card bill is generated , it gives them way to analyse their spending behaviour and know where, when and on what categories did they spend?
3. Earn some reward points (Reward rate of student's/fd credit cards is generally low but still the feeling of redeeming reward points is way too fun and enjoyable)
LIST OF BEST CREDIT CARDS FOR STUDENTS-
- IDFC WOW CREDIT CARD ( AGAINST FIXED DEPOSIT ) -
VISA INFINITE - The best use can be made while booking tickets on bms(bookmyshow) . It gives you bogo (buy_one_get_one) combo on movie tickets upto 300rs every month. This benefit is best suited for students who generally go with their friends to watch movies in theatres.
Complimentary Road Side Assistance (worth 1399rs) - This is one of the best available feature that comes along with this card .
- SBM BANK ONE CARD (AGAINST FIXED DEPOSIT-50,000)-
METAL CARD- While the fixed deposit amount may be too large , the premium metal card along with interest rate offered(7% p.a ~may subject to change) stands well enough for some card enthusiast students who want to shine out(flex) this metal card among their friends (flex/shine out just meant for fun purpose, pls don't consider this point to offend someone).
OFFLINE PURCHASES ( devalued very drastically) - One card rolled out their "Offers around you" section which gave very high discounts on offline purchases. For eg: I personally used this card to get 25% off(upto 400rs on min bill 500rs) on my starbucks bill (I used it like 4-5 times just on starbucks) . The offers were very rewarding and therefore they lasted for very short duration of time . "Offers around you" still give discounts on offline purchases , but either the discount is too low or capping is too less (for eg. upto 100rs).
GUYS, I MIGHT UPDATE THIS POST LISTING MORE GOOD CREDIT CARDS SUITABLE FOR STUDENTS IF THE POST GETS GOOD REACTION AND REPLIES.
(do comment and like this thread. If you have any more good suggestions of cc , do comment and ill update this post. Thanks.)