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Best Student Credit Cards for International Travel: A Comprehensive Guide

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 Cards

Additional Benefits

Annual Fees

Features

Credit Card

Annual Fees

Features

Additional Benefits

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

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:

  • Amazon gift card worth INR 500

Additional Benefits:

  • 10X Reward Points on online spends
  • 1% fuel surcharge waiver
  • INR 2000 e-Vouchers for spends of INR 1 lakh+

4. SBI SimplySAVE Card

INR 499 + GST (Renewal fee waived on annual spend of INR 1 lakh) Benefit:

  • 10x reward points per INR 150 spent on dining, movies, departmental stores, and grocery spends

Additional Benefits:

  • 1% fuel surcharge at any petrol pump

5. HSBC Cashback Credit Card

INR 999 (refunded if annual spend exceeds INR 2 lakh) Welcome Benefit:

  • Amazon vouchers worth INR 1000

Additional Benefits:

  • 4 complimentary domestic lounge visits per year
  • 10% cashback on all dining and food delivery spends

For students specifically looking for forex cards, the following options are highly recommended

Bank Name

Joining Fee

Annual Fee

Key Feature

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

The cards have been rated based on the following features:

  • Forex Markup: Full star for cards providing free forex markup.
  • Paid Forex Markup: ½ star for having this facility; 1½ stars if complemented by nil charges.
  • Relevant Facility: 1 star for facilities like lounge access or discounts.
  • Reward Points: 1 star for reward points on purchases.
  • Ease of Use: ½ star for user-friendly features.
  • Value for Money: 1 star for overall value.

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.

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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