ICICI Student Credit Card

The relevance of student credit cards cannot be ruled out because students are exploring digital modes of payments and see a lot of sense in financial independence. These financial tools assist students in having a good credit history at a tender age. ICICI Bank Student Credit Cards are meant for the distinct use of students. This blog will take you through step-by-step methods on how to apply for an ICICI Bank’s Student Credit Card online, citing the requirements of a fast and convenient student credit card application.

ICICI Bank Student Credit Card Overview

Bank NameICICI Bank
Product NameStudent Credit Card
Application MethodOnline and Branch
Credit Card TypeAdd-on Credit Card, FD-based Credit Card
Eligibility Age18 years and above
Credit LimitBased on income or FD (up to 90%)
Joining FeeNone
Annual FeeNone
Documents RequiredAadhaar, PAN, Enrollment Proof, FD Proof
Card BenefitsReward Points, Travel Benefits, No FD Impact, Financial Independence
ICICI Bank Student Credit

What is a Student Credit Card?

A Student Credit Card is a convenient tool specially adapted for students who usually do not have a steady monthly income and don’t have a line of credit. ICICI Bank issues the Student Credit Cards via two options mainly:

Add-on Credit Card:

An add-on Credit Card is a supplemental card that can be issued to the primary cardholder (generally the parent). Students can use this card to control their own expenses but will be able to use the functionality of the primary card without incurring any additional joining fee or annual fees.

Credit Card Against Fixed Deposits (FD):

ICICI Bank also provides Credit Cards against Fixed Deposits. The credit limit is generally to the extent of almost 90 percent of the FD amount typically offered to customers. This option is more suitable for a student who does not have any income but wishes to avail of credit and can provide an FD for that credit.

Student Credit Card Eligibility

Eligibility for the ICICI Bank Student Credit Card is straightforward:

  • Applicant should be 18 years or older
  • Indian citizenship
  • For FD-based Credit Cards, a Fixed Deposit of a minimum of ₹50,000 is required

Documents Required to Apply for a Student Credit Card

To apply for an ICICI Bank Student Credit Card, the following documents are necessary:

  • Aadhaar card and PAN card
  • Latest passport-size photograph
  • Proof of enrollment in an educational institution
  • FD proof for Credit Cards against FDs
  • Income proof or guarantor details (if applicable)

How do you apply for an ICICI Bank Student Credit Card Online?

Add-on Credit Card:

  • Log in to the ICICI Bank official web page.
  • Download the application form.
  • Fill in the necessary details to the form provided.
  • Proof of identity of self-attested photocopy of the bond of supplementary cardholder’s PAN card along with proof of residency is submitted.
  • Keep the original documents on hold for checking.

Credit Card Against FD:

  • Ensure you have an FD account with ICICI Bank that meets the minimum amount and tenure criteria.
  • Apply online via ICICI Net Banking or the iMobile Pay app.
  • Alternatively, you can visit any ICICI Bank branch to apply in person.

Student Credit Card Fees & Card Limit

ICICI Bank Student Credit Cards are free of joining fees or annual fees. The credit limit is usually determined by either the amount of income arising out of employment (in the case of employed students) or the amount of FD (up to 90% of the deposit). This helps the students manage credit in a very easy and practical manner.

Benefits of ICICI Bank Student Credit Card

  • Enhancing a Credit Score: A Student Credit Card helps build a credit score from a young age, which is useful in the future when seeking loans and mortgages.
  • Incentive Points: Every time you make a payment you are awarded incentive points that can be used to redeem cash, brand coupons or air miles.
  • Backup Finance Support: This is particularly beneficial for overseas students, as the cards provide extra finance when other finances are scarce.
  • Acquaintance with Responsible Borrowing: A Student Credit Card equips students with the knowledge to handle finances, create a budget, and repay loans on time, which are critical in life.
  • Security and Deployment Efficiency: ICICI Bank Student Credit Cards offer zero liability, advanced security features, and convenience that allow for safe electronic money usage.
  • Benefits on E-Bridging and Traveling: These cards offer up to 88% savings on online, hotel, and airline ticket purchases, which is quite helpful for students.
  • No Time Cost to FD Earnings: For FD-shaped cards, your FD will continue to attract interest, which means that your money is safe while you enjoy the advantages of having a Credit Card.

Conclusion:

There are ICICI Bank Student Credit Cards that give students the freedom to spend responsibly and develop healthy spending habits while enjoying certain privileges. These cards simply state the requirements for applicants and are also free of annual fees, making them appropriate for the student who wants to cut down on the expenses. Try to verify your eligibility before filing an application and take the first step towards fulfilling your dreams of financial security.

Related read:- Citi Prestige Credit Card: Reviews & Ratings, Apply Online

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