Education has become expensive in today’s time, due to which many people are not able to afford the education of their child. In such a situation, education loan is given by the banks to the students. So that the student can complete his studies. Apart from this, many people do not want to take a loan, in such a situation they take out their PF money or investment money and educate the child.
Here we are talking about student credit card, which can be a better option than education loan or PF withdrawal for children’s education. The option of getting a student credit card is given by major banks. SBI, HDFC and ICICI Bank allow students to create a credit card, which can be applied for by the parents.
What is student credit card
Student Credit Card has been introduced to meet the expenses of the students for pocket money, month’s expenses, purchase of necessities in various projects and depositing fees etc. This can reduce the burden on the parents of the education expenses of their children. If you pay on time in this credit card, you do not have to pay any interest. However, it is issued only to students above 18 years of age who are pursuing college or any other technical degree.
Which documents are required
Student’s PAN card, college ID and personal ID proof are required to get a student credit card. Along with this, parent ID is also required.
how to get card
You can contact SBI, HDFC and ICICI Bank for student credit card. Along with this, you can visit the website of these banks. You have to apply for a student credit card by going to the bank. Along with this, complete documents will have to be submitted, after which the credit card will be issued by the bank in some time interval.