I am planning to apply for a student credit card, and I am curious to know whether the reward points offered on student credit cards are actually worth paying the annual or joining fee. Do the benefits, such as cashback, discounts, and exclusive student offers, truly justify the cost of holding a student credit card?
There is no annual fee or joining fee on student credit cards, but they do charge late payment fees, foreign transaction fees, and over-the-limit fees. You can earn reward points with every purchase. You can redeem the reward points in the form of cash or brand vouchers across groceries, restaurants, lifestyle, travel, etc.
Yes, the reward points on student credit cards are definitely worth the annual or joining fee, as these cards provide a wide range of valuable benefits specifically designed for students. With the best student credit cards in India, you can enjoy perks such as earning cashback on fuel purchases, accumulating reward points on offline and online transactions, and availing free domestic airport lounge access. Many student credit cards also offer exclusive student discounts on partner platforms for online shopping, food delivery, and travel bookings.