What are the eligibility requirements for a student credit card?
Curious about Credit cards for students
The eligibility requirements for a student credit card can vary depending on the bank or financial institution offering the card. However, some general eligibility requirements for a student credit card in India are:
1. Age: You should be at least 18 years old to apply for a credit card.
2. Student status: You should be a fulltime student pursuing a degree or diploma program from a recognized institution.
3. Income: As a student, you may not have a steady income, so some banks offer credit cards with lower credit limits that can be based on your scholarship, pocket money, or parttime job income.
4. Credit score: As a student, you may not have a credit history, so some banks may offer a student credit card with minimal or no credit score requirements.
5. KYC documents: You need to provide the Know Your Customer (KYC) documents like identity proof, address proof, and photographs while applying for a student credit card.
It is important to note that meeting the eligibility requirements does not guarantee approval for a student credit card. The bank may still evaluate your creditworthiness and other factors before approving your application.