Navigating the financial landscape as a student without a steady income can be challenging, especially when considering the benefits of owning a credit card. However, several financial institutions in India offer credit cards tailored specifically for students, providing an opportunity to build credit history and manage expenses effectively. In this guide, we’ll explore some of the top credit card options available in 2025 for students without income in India.
1. IDFC FIRST WoW Credit Card
- Annual Fee: None
- Eligibility: Designed for students and first-time credit card users.
- Key Features:
- Earn 4X reward points for every ₹150 spent.
- No annual or joining fees.
- Interest rates starting at 9% per annum.
- Up to 48 days of interest-free credit period.
This card is ideal for students looking to start their financial journey without the burden of fees. The reward structure encourages responsible spending and offers value on everyday purchases.
2. SBI Student Plus Advantage Credit Card
- Annual Fee: ₹500
- Eligibility: Available to students with an existing SBI education loan or a fixed deposit.
- Key Features:
- Earn 1 reward point for every ₹100 spent.
- Option to convert purchases into EMIs.
- 2.5% fuel surcharge waiver across all petrol pumps in India.
- Accepted worldwide at over 24 million outlets.
This card offers flexibility with EMI conversions and rewards on regular spending, making it suitable for students managing educational expenses.
3. Axis Bank Insta Easy Credit Card
- Annual Fee: ₹500 (waived for the first year)
- Eligibility: No income proof required; instant approval against a fixed deposit.
- Key Features:
- Credit limit up to 80% of the fixed deposit amount.
- No income proof necessary.
- Free add-on cards for family members.
- Cash withdrawal up to 100% of the credit limit.
Ideal for students who can open a fixed deposit, this card provides a straightforward approval process and flexible credit limits.
4. Kotak 811 #DreamDifferent Credit Card
- Annual Fee: None
- Eligibility: Primarily for Kotak 811 account holders; minimal documentation required.
- Key Features:
- No joining or annual fees.
- Earn reward points on every purchase.
- Fuel surcharge waiver.
- Contactless payment facility.
This card is suitable for tech-savvy students seeking a digital banking experience with added credit benefits.
5. ICICI Bank Student Forex Prepaid Card
- Annual Fee: None
- Eligibility: Students studying abroad or planning international travel.
- Key Features:
- Comes with an International Student Identity Card (ISIC) membership worth ₹999.
- Accepted worldwide in multiple currencies.
- Access to exclusive student discounts globally.
- Online account management and reload facility.
This prepaid card is tailored for students traveling abroad, offering convenience and security in managing foreign currency expenses.
Building Credit Responsibly
While these credit cards offer students the opportunity to build a credit history, it’s crucial to use them responsibly:
- Timely Payments: Always pay your credit card bills on time to avoid interest charges and late fees.
- Budgeting: Keep track of your spending to ensure it aligns with your financial means.
- Credit Utilization: Aim to use less than 30% of your credit limit to maintain a healthy credit score.
By adhering to these practices, students can establish a solid financial foundation, paving the way for future financial opportunities.
Note: The information provided is based on data available as of February 2025. It’s advisable to check with the respective banks for the most current terms and conditions before applying.
