Can students take credit card?
Can students take credit card?
A student credit card is a credit card that is offered to students at the college level. Any student beyond the age of 18 years is eligible to apply for the credit card as it does not have an income eligibility limit. These credit cards have lower interest rates and have a validity period of 5 years.
Can a 18 year old get a credit card?
18 years old Consumers can apply for credit cards starting at age 18, but the law requires them to have an independent income or a co-signer. However, most major issuers don’t allow co-signers anymore. So, a person aged 18, 19 or 20 usually has to earn and prove their own income before being approved for a credit card.
How can a student use a credit card?
5 Tips for Using Your Student Credit Card Responsibly
- Pay your credit card bill on time.
- Don’t charge more than you can afford to pay off.
- Keep your credit utilization low.
- Don’t open too many cards.
- Avoid fees.
Can I get a credit card for a minor?
Strictly speaking, parents cannot open a credit card account for their minor children. Only a person age 18 and over can enter into a legally binding contract, which includes applying for a credit card as the primary account holder.
How can a student avail SBI student credit card?
A student can avail an SBI student credit card when The individual can furnish PAN card, age proof, proof of college enrolment, and other KYC compliant documents. The applicant has a fixed deposit account of Rs.25,000 or more based on which the banks will set their credit limits.
What is the eligibility criteria for an SBI credit card?
SBI has a varied range of cards that are provided keeping in mind the need of an individual with a steady source of income as well as for students applying for higher studies/education loans. The eligibility criteria for a salaried employee and that of a student with no fixed mode of income are mentioned below.
Can Salaried Employees apply for an SBI credit card?
The salaried employees can apply for an SBI credit when. The applicant requesting for an SBI credit card is a resident of India. The applicant is not below the minimum age limit of 18 years and not above the maximum age limit of 65. The CIBIL score of the individual is above 750. The applicant has a regular source of income.
Why should you own a SBI credit card?
Easy access: Although there are plenty of credit card companies in the country, there’s none that is more popular than SBI, which can give you access anywhere in the country and the world, depending on the card you own. This is yet another reason why you should own a SBI Card.