Best Student Credit Cards for International Travel: A Comprehensive Guide
Introduction: When traveling abroad, student credit cards offer a convenient and secure alternative to carrying cash. These cards not only facilitate foreign currency conversions but also provide various discounts and offers, making them the best option for students. Despite the student credit card segment in India still being in its early stages with limited features, they are relatively easy to obtain. Students with no prior credit history can secure these cards by backing them with a Fixed Deposit (FD) opened with the issuing bank.
The Best Student Credit CardsAdditional BenefitsAnnual FeesFeatures |
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Credit Card |
Annual Fees |
Features |
Additional Benefits |
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1. SBI Cashback |
INR 999 + 18% GST (Renewal fee waived on annual spend of INR 2 lakh) | 5% cashback on online spends with no merchant restrictions | ï‚· 1% cashback on offline spends
ï‚· 1% fuel surcharge waiver at all petrol pumps in India |
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2. Axis Bank Ace |
INR 499 (waived off on annual spend of INR 2 lakh) | ï‚· 5% cashback on bill payments
ï‚· 4 complimentary lounge visits per year |
1% fuel surcharge waiver at all fuel stations | |||
3. SBI Simply |
INR 499 + GST (Renewal fee waived on annual spend of INR 1 lakh) | Welcome Benefit:
Additional Benefits:
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4. SBI SimplySAVE Card |
INR 499 + GST (Renewal fee waived on annual spend of INR 1 lakh) | Benefit:
Additional Benefits:
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5. HSBC Cashback Credit Card |
INR 999 (refunded if annual spend exceeds INR 2 lakh) | Welcome Benefit:
Additional Benefits:
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For students specifically looking for forex cards, the following options are highly recommended |
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Bank Name |
Joining Fee |
Annual Fee |
Key Feature |
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1. IDFC Wow Credit Card |
Nil | Nil | Free Forex transactions | |||
2. Niyo Global International Travel Card |
Nil | Nil | Free Forex transactions | |||
3. ICICI Student Forex Prepaid Card |
INR 499 | No annual fee, but renewal fee INR 199 | International Student Identity Card (ISIC) membership | |||
4. HDFC ISIC Student Forex Plus Card |
INR 200 | Reload fee of INR 75 is charged on every reload | Membership of the International Student Identity Card | |||
5. Axis Bank Insta Easy Credit Card |
Nil | Nil | Reward Points | |||
Methodology for Rating |
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The cards have been rated based on the following features:
By understanding the benefits and features of these student credit cards, you can choose the one that best fits your needs for international travel. Each card offers unique perks and advantages that can enhance your travel experience, making it more convenient and cost-effective. |
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Conclusion
In conclusion, student credit cards and forex cards offer a secure, convenient, and cost-effective solution for students traveling abroad. Despite the limited options in India, these cards provide valuable benefits like cashback, reward points, lounge access, and free forex transactions. With easy approval processes, even for those without a prior credit history, they ensure students can manage their finances efficiently while enjoying additional perks. By selecting the right card based on individual needs and spending habits, students can maximize their travel experience and financial security.
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