Learn everything you need to know about the SBI Student Credit Card, including its benefits, eligibility criteria, and the application process. Find answers to frequently asked questions and discover whether this credit card is right for you.
Introduction
The State Bank of India (SBI) offers a credit card designed specifically for students. The SBI Student Credit Card comes with many benefits, including discounts on books and stationery, dining, and shopping. It also helps students build their credit history, which is essential for future financial planning. This article will discuss everything you need to know about the SBI Student Credit Card, including its benefits, eligibility criteria, and the application process.
Benefits of the SBI Student Credit Card:
- Discounts on Books and Stationery: With the SBI Student Credit Card, you can get up to a 10% discount on books and stationery purchases made at select outlets.
- Dining Discounts: You can enjoy discounts of up to 15% at select dining outlets with your SBI Student Credit Card.
- Shopping Discounts: You can avail of up to 5% discounts at select shopping outlets with your SBI Student Credit Card.
- Reward Points: You can earn rewards on all your transactions with the SBI Student Credit Card. These points can be redeemed for gifts, vouchers, and other prizes.
- Build Credit History: Using a credit card responsibly can help you build your credit history, which is essential for future financial planning.
Eligibility Criteria:
- To be eligible for the SBI Student Credit Card, you must meet the following criteria:
- You must be a student enrolled in a full-time course at a recognized college or university.
- You must be between 18 and 30 years of age.
- You must have valid address proof, identity proof, and income proof.
How to Apply:
To apply for the SBI Student Credit Card, follow these steps:
- Visit the SBI website and navigate to the Credit Cards section.
- Select the SBI Student Credit Card and click on the Apply Now button.
- Fill in the application form with your personal and academic details.
- Upload the necessary documents, including your address, identity, and income proof.
- Submit the application and wait for the approval.
FAQ:
Q. What is the annual fee for the SBI Student Credit Card?
A. The annual fee for the SBI Student Credit Card is Rs. 499.
Q. Can I use my SBI Student Credit Card to withdraw cash from ATMs?
A. You can use your SBI Student Credit Card to withdraw cash from ATMs. However, cash withdrawals may attract additional charges.
Q. What is the credit limit for the SBI Student Credit Card?
A. The bank determines the credit limit for the SBI Student Credit Card based on various factors such as income, credit score, and repayment history.
Conclusion
In conclusion, the SBI Student Credit Card is an excellent option for students who want to build credit while still in college. The card’s benefits include cashback rewards, discounts on movie tickets and dining, and zero annual fees.
To be eligible for the card, you must be a student aged between 18 to 30 years old with an excellent academic record. You must also have a savings account with SBI.
To apply for the SBI Student Credit Card, visit the SBI website or the nearest SBI branch. You will need to provide your personal and academic details and your income and employment information (if applicable).
Overall, the SBI Student Credit Card is a great financial tool for students who want to learn financial responsibility and build credit while still in school.