Credit card for college students: Know the online application process

Summary: With innovations in the credit card industry, you can get a student credit card online and start building your credit history. Such cards are rewarding and can give you credit access. Know how to apply for credit cards for college students for quick issuance.

05 Jun 2024 by Team FinFIRST

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Can a student get a credit card?
Yes, they can!

Secured credit cards are available in the market, have minimal eligibility criteria, and require no proof of income. Secured credit cards are issued against a fixed deposit (FD). All you have to do is make a deposit, and the bank issues a student credit card online against the deposit’s value.

The FIRST WOW! Credit Cards are one such secured credit card for college students, and they offer a host of benefits. Let’s find out what they are.

Understanding credit card use for a good credit score

Credit card limits: Striking the right balance for financial health

Benefits of the FIRST WOW! Credit Card for students

Easy availability
Getting the FIRST WOW! Credit Card is quite simple. You just need to be 18 years or more and make a deposit of ₹10,000. No income proof or credit history is required and the card is issued against your FD.
Cost-effective
The card has no joining or annual fee. The interest rates start from as low as 9% p.a., and the cash advance fee is just ₹199. Plus, there’s no forex mark-up fee on international transactions.
Attractive Reward Points
With the FIRST WOW! Credit Card, you can earn up to 4X reward points on your spending. What’s more, the Reward Points never expire and can be redeemed for cash or even bill payments.
High credit limit
Get minimum 100% of your FD’s value as the credit limit on the card.
Security
Enjoy a credit shield protection cover against credit card theft or fraud so that you can use the card without worries.
Great offers
The card offers year-long discounts across 300+ merchants and attractive discounts across 1500+ merchant restaurants.
Convenience
You can withdraw up to 100% of your credit limit across any ATM for financial emergencies. Plus, you enjoy an attractive interest rate of 7.5% on your FD for as long as you stay invested.

How to apply for a student credit card online?

To apply for the FIRST WOW! Credit Card online, here are some simple steps that you can take –

Click on the application page. Register and verify your details
Choose the FD details and make a deposit online
Complete the KYC process by entering the relevant details, and the card will be issued

To get a credit card for college students, you would have to provide your Aadhaar card and PAN card for the documentation process.

Apply and build your credit

Understand the benefits of the FIRST WOW! Credit Card for college students and apply online. Spend what you can afford and pay your bills regularly to build a good credit score. Stay invested in the FD and earn interest on your savings while the card rewards you on your transactions. It's a win-win, isn’t it?

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirst.bank.in for latest updates.