Student credit card: How to apply and its benefits

In today's fast-paced and digital world, it is essential for students to have financial independence and learn responsible money management. A student credit card is one effective tool that can assist in this journey. The IDFC FIRST WOW! Credit Card is one of the best student credit cards available in India, with useful features for those studying in India and abroad. Let's explore how to apply for this student credit card online.

Students who wish to study abroad can check the features of IDFC FIRST Bank’s credit card for students by clicking here. Students need not show any credit history and income proof to sign up for this lifetime-free credit card. Furthermore, the bank offers discounts at over 300 merchants and 1500 restaurants.

How to sign up for a student credit card online?
 

IDFC FIRST Bank makes applying for a student credit card a piece of cake. Follow the steps below to get the IDFC FIRST WOW! Credit Card for students:

• Visit the official website

Visit :  https://www.idfcfirstbank.com/credit-card/wow

• Fill out the application form

Fill in the form with accurate information, including your full name according to your Aadhaar card, date of birth and your mobile number.

• Submit the necessary information

Enter details about yourself and submit the form to complete the application.

• Wait for approval

After you apply online for a student credit card, the bank will review your application. If approved, the card will be sent to the address you provide.

Benefits of a student credit card
 

1.     Builds credit history early on
 

With student credit cards, young individuals can start building their credit history from a young age through responsible credit usage. A good credit history can be beneficial in the future when they need to apply for loans or other financial opportunities.

2.     Financial education and responsibility
 

When students have access to their own credit cards, they can learn how to budget, track expenses, and make wise financial decisions firsthand. Student credit cards are an excellent tool for teaching financial education and responsibility. By owning one, they will gain an understanding of the importance of paying bills on time, managing credit limits, and avoiding debt traps. Parents or guardians can use student credit cards to teach students financial responsibility and prepare them for their future financial endeavors by giving them guidance.

3.     Zero forex markup
 

The zero forex markup feature of the IDFC FIRST WOW! Credit Card can save significant money for students studying abroad or those who make international transactions frequently.

4.     Emergencies and unexpected expenses
 

It is common for students to run into unexpected expenses or emergencies during their college years. In these situations, a student credit card can act as a safety net. A credit card can provide immediate financial assistance when faced with a medical emergency, textbook purchase, or car repair. Students and parents can both enjoy peace of mind knowing that a backup option is available in case of unforeseen circumstances.

5.      Online purchases and convenience
 

It is becoming increasingly common for college students to shop online. Student credit cards make it safe and convenient for them to do so. As e-commerce grows in popularity, students need a secure method for transacting online. It is common for student credit cards to include fraud protection mechanisms, which ensures that students can safely shop online while ensuring their financial information is protected.

To conclude student credit cards like the IDFC FIRST WOW! Credit Card, play a crucial role in college students' financial lives. By using them, you can build credit history, teach financial responsibility, handle emergencies, and make online purchases easily. A student credit card can be a powerful tool for empowering your children with financial independence and essential financial skills if you have students going to college. When used responsibly, student credit cards can be a valuable tool in shaping a successful financial future.

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.