Credit cards have become a necessity these days. In emergency situations when you run out of liquid cash, a credit card is very helpful and allows you to use the money without any interest. Credit cards are usually issued to an individual based on various factors such as income, employment status, fixed deposit with the bank, business (self-employed) etc.
Axis Bank is one of the major private-sector banks in India. It offers various types of credit cards to students. Axis Bank credit card is one of the most popular credit cards due to various attractive offers on movies, shopping, dining etc. Let’s check all the factors, eligibility, application process etc of an Axis Bank Credit Card for students.
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Also Read: Applied for a loan from Axis Bank? Check here all about Axis Bank Education Loan Disbursement Process
Overview of Axis Bank Credit Card for Students
Axis Bank credit cards for students are issued to students on the basis of a fixed deposit. The applicant needs to open a fixed deposit account in Axis Bank which acts as security for the credit card. There are two more ways by which the banks issue credit cards to students. If you have taken an education loan from Axis Bank, or you want an add-on credit card based upon the existing card of your parents/guardian, then the bank will issue a credit card. Check some of the major features of Axis Bank credit card for students below:
| Particulars | Details |
| Name of the Card | Axis Bank My Zone Credit Card (or any other based on offers and eligibility) |
| Credit Limit | INR 15000 (may vary based on the FD amount) |
| Top Offers | Reward points on shopping, restaurants etc |
| Minimum Age | 18 years |
Benefits of Axis Bank Credit Card
Axis Bank provides various products and services among them one is the facility of credit cards. From easy application process to global acceptance of the card, Axis Bank offers a lot of benefits. Check some of the major benefits of Axis Bank Credit Card for students below:
Easy Application Process
Axis Bank ensures a hassle-free application process that requires minimum documentation requirements for students seeking credit cards. The application process requires a minimum of steps and the credit card is approved within a few days without much lengthy process.
Easy Access to Funds
Axis Bank credit card allows access to funds anywhere and comes with a contactless payment technology making the transaction easy and secure. The process is transparent and thus ensures safety. In case of emergency, you can use your credit card to make the payment and instantly avail the goods or services and pay for them later.
Also Read: Travelling abroad? Check here all about Axis Bank Forex Card for Students
Rewards and Cashbacks
Axis Bank credit card for students offers various rewards and cashback with every transaction that is made. You can earn points and redeem them for various offers, discounts and other exciting cashback offers. This feature allows students to enjoy additional perks and benefits while helping them manage their funds effectively.
Improves Credit Score
Using credit cards efficiently helps a student build a strong and positive credit history which is essential for future financial emergencies. A good credit score can be made through on-time payments of your purchases and further lets you negotiate interest rates while applying for a loan. Maintaining a positive credit score can give you benefits in your future finances and help you in the long run.
Financial Independence
Credit cards empower students with financial independence and encourage them to manage their funds on their own. By doing so, they can make purchases, pay bills and repay them themselves. This will instil a sense of responsibility and will prepare them to survive in the practical world.
Eligibility Criteria
There are some eligibility criteria that a student needs to fulfil to be eligible for a credit card. These criteria are:
- The applicant must be above 18 years
- The student must be a citizen of India
- The students must be enrolled in a recognized university
Application Process for Axis Bank Credit Card
The application process for an Axis Bank Credit Card is completely online. It becomes more easy if you have an existing fixed deposit account with the bank. Check below some of the steps involved in applying for an Axis Bank Credit Card. The steps are as follows:
- Visit the official website of Axis Bank
- Log in to the net banking and open a fixed deposit (if not existing)
- Open the application form for credit card, enter the required details and upload the documents
- Review the form and submit it for verification
- After the approval of your application form, your credit card will be delivered to your home.
Documents Required
The documents required during the application process are:
- Identity Proof
- Address Proof
- Income Proof of parents
- Student ID from the university
- Academic Transcripts
FAQs
No, to be eligible for a student’s credit card, one needs to be a minimum of 18 years old. After being 18 years old you can apply for a credit card backed by an FD account or another credit card.
Ans. The limit on students’ credit cards is INR 15,000. However, this may vary depending on the FD amount.
Ans. You can use 100% of the credit card’s limit. However, it is not advisable to utilise the 100% limit of the credit card as it may impact your credit score negatively.
Yes. You can get a credit card from Axis Bank if you have taken an education loan from the bank or your parent/guardian have an active credit card.
You can apply for an add-on credit card from Axis Bank online on the official website. You can log in to your Internet banking account or through the Axis Bank mobile app.
This was all about Axis Bank credit cards for students. The card is accepted globally and you can get it easily based on a fixed deposit account.
To know more about credit cards, education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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