I recently took education loan from SBI bank, so am I eligible to apply for student credit card?
1 Like
Yes, you are eligible to apply for SBI Student Plus Advantage Card as you took education loan from SBI bank. You don’t need to pay annual fee or joining fee .
What all fees and charges does SBI Student Plus Advantage card, comes with?
It does not charges annual fee or joining, second year renewal fee is Rs. 500 but gets waived if the spending during the previous year exceed Rs. 35,000, It aso charges late payment fee, Fee for Cheque Dishonor or Returns, Overlimit Fee, Foreign CurrencyTransaction Fees.
If you’ve taken an education loan from SBI, you might be eligible for the SBI Student Plus Advantage Credit Card, which is designed specifically for students with an active education loan from the bank.
To qualify, you usually need to have a running education loan with SBI under the Student Loan Scheme, and the card is issued against a fixed deposit or based on your loan details. It’s a secured card, so if you don’t have an FD, the loan account can act as the base.
It’s a decent card for building credit early, and it comes with benefits like zero annual fee (if used once a year), fuel surcharge waiver, and basic reward points. You can check with your loan branch—they’ll guide you through the application.