BOI student credit cards can be obtained from the bank if you have a regular monthly income or a fixed deposit account with the bank. Bank of India offers 6 different types of credit cards to students and individuals and you can apply for credit cards online on the official website of Bank of India. The credit card is a good option for international students to manage expenses if handled properly. Continue reading further to know all the major details on BOI student credit cards.
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What is a BOI Student Credit Card?
The Bank of India (BOI) Student Credit Card is designed to support international students’ educational and other type of expenses. Bank of India issues credit cards with minimal documentation and competitive interest rates. This card helps students manage costs like tuition fees, books, and other essentials. The bank offers flexible repayment options. This credit card helps students to build a positive credit history early on, which is advantageous for future financial needs. BOI’s Student Credit Card also includes value-added perks like low joining fees and concessions.
| Particulars | Details |
| Types of BOI Credit Cards | RuPay Select CardVisa Gold International RuPay Swadhan Platinum Card Visa Platinum International RuPay Platinum International Master Platinum International |
| Credit Limit | Varies based on the income of the applicant |
| Bill Payment Options | Auto-debit or through Mobile Apps |
| Eligibility Criteria | Individuals above 18 years of age with a stable income or FD account with BOI |
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Eligibility Criteria for Credit Card
The eligibility criteria for a Bank of India (BOI) credit card depend on various factors like the age of the student, income or fixed deposit amount, employment status, and credit history. Check the essential eligibility criteria for a BOI student credit card below:
- Applicants should usually be between 21 to 65 years old. For add-on cards, the minimum age is often around 18 years.
- Salaried individuals need to meet a minimum monthly income which varies by card type.
- If the card is being issued based on a Fixed Deposit account, the minimum amount shall be around 25000 or more
- For salaried individuals, proof of stable employment with at least one year in current employment.
- For the credit card, a score above 750 improves the chances of approval, but exact requirements can vary by card type.
How to Apply for a BOI Credit Card?
You can apply for a Bank of India credit card through the official website of the bank. You can fill out the online application form and submit it along with the relevant documents. Check the steps involved in applying for a BOI student credit card below:
- Visit the official Bank of India website.
- Go to the “Credit Cards” section under the “Personal Banking” tab.
- Select the credit card that suits your needs, and review its features and eligibility criteria.
- Click on the “Apply Now” button and complete the online application form with the required details.
- Upload the necessary documents as per the application requirements.
- Apply, and wait for the bank to review and contact you.
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Documents Required
For a BOI student credit card application, you’ll need to provide a set of documents for identification, address verification, and proof of income. Check the list of the documents required for a BOI Credit card below:
- Aadhaar Card, PAN Card or Driving License
- Income Proof (for salaried and self-employed individuals)
- Latest salary slips (usually last 3 months)
- Form 16 or Income Tax Returns (ITR)
- Recent bank statements showing salary credits (last 3-6 months)
- Passport-sized photograph
BOI offers various types of credit cards to students and salaried individuals based on their income. Always understand all the features of the card before applying for it. Check some FAQs based on BOI student credit cards below.
FAQs
The BOI Student Credit Card is designed to help international students manage educational and personal expenses. It has features like flexible repayment options and zero issuance charges.
Applicants should generally be 21 to 65 years old and have a minimum income or a fixed deposit account with BOI.
BOI offers around six types of credit cards including the RuPay Select Card, Visa Gold International, and Master Platinum International.
You can apply online via the BOI website by filling out an application form under the “Credit Cards” section.
Documents include an Aadhaar card, PAN card, income proof, recent bank statements, and a passport-sized photograph for verification purposes.
To know more about 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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