The increasing ticket-size of educational loans by about 47% in 2018 alone is a reflection that more and more students are opting for courses from reputed institutes in India and abroad.\u00a0<\/span><\/p>\n
However, it may not be a positive indicator as the growing cost of the same becomes a hurdle for a majority of students. This calls for the need to avail financial assistance.\u00a0<\/span><\/p>\n
While advances provide one with convenient access to a considerable sum, with <\/span>student credit cards<\/b><\/a>, one also grows into a balanced financial habit that would prevent them from overspending.\u00a0<\/span><\/p>\n
These credit cards are tailor-made to suit the financial requirements of college students and offer efficient assistance to meet expenses conveniently. Considering that acquiring this variant of credit card requires nominal documentation, this is a favoured option for many.\u00a0<\/span><\/p>\n
Keeping in mind the convenience of potential student applicants and the absence of their income proof, most financial institutions offer student with two types of cards \u2013 secured and add-on. It ensures the ease of availability of cards sans a long list of eligibility criteria.\u00a0\u00a0<\/span><\/p>\n
Add on to this the list of multiple benefits of student credit cards \u2013<\/span><\/p>\n
Healthy credit scores are a requisite for those planning to avail advances in the future to sponsor their pursuit of higher education, paying for accommodation, tuition charges, etc.\u00a0<\/span><\/p>\n
On the other hand, in the case of students, CIBIL scores are often either poor or absent, considering that they may not possess a credit history at all.\u00a0<\/span><\/p>