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Features of SBI Student Plus Credit Card

  • Reward Points Program:
    Cash Points on Every Transaction: The card offers 1 cash point for every ₹100 spent on general purchases. For departmental store and grocery spends, you get 10 cash points per ₹100 spent (up to 2.5% value back). These points can be redeemed against outstanding bills or exchanged for gifts from SBI's Rewards Catalogue.

    Accelerated Rewards: Earn 10X reward points on international transactions, making this card ideal for students studying abroad. A minimum of 2,000 cash points is required for redemption.
  • Financial Flexibility:
    Flexipay EMI Option: Convert purchases above ₹2,500 into easy EMIs with tenures of 6, 12, or 24 months. This helps students manage large expenses like laptops or travel costs.
    Balance Transfer Facility: Transfer outstanding balances from other credit cards at lower interest rates, helping consolidate debt.
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      • Fuel Surcharge Waiver: Get a 2.5% fuel surcharge waiver on transactions between ₹500 and ₹3,000 at petrol pumps across India (maximum ₹100 waiver per statement cycle). This benefit is especially useful for students who commute.
      • Global Acceptance: Accepted at over 24 million outlets worldwide, including 325,000 in India. Withdraw cash from 1 million+ Visa/MasterCard ATMs globally (80% of credit limit).
      • Fee Structure: No Joining Fee: Zero joining fee makes it accessible for students.
        Annual Fee Waiver: ₹500 annual fee (from second year) waived if you spend ₹35,000 or more in the previous year.
      • Low Interest Rates: Competitive interest rate of 2.25% per month (27% per annum) on loans and EMIs. Enjoy 20-50 days interest-free credit period when paying full outstanding balance.
      • Building Credit History: Perfect for students to establish their credit profile. Responsible usage and timely payments help build a strong credit score for future financial needs.
      • Add-On Cards: Get up to 2 free add-on cards for family members (parents, siblings or children above 18 years). Share benefits while maintaining financial discipline.
      • Utility Bill Payments: Pay electricity, telephone, mobile and other utility bills through Easy Bill Pay facility while earning reward points.
      • Online Management: Manage your card through SBI Card website and mobile app - track spending, view statements, redeem rewards and make payments with ease.
      • Security Features: EMV chip technology for secure transactions. Contactless payments via NFC-enabled POS machines. 24/7 customer support (1860 180 1290).
      • Eligibility Criteria: Age: 18+ years (primary card), under 18 can get add-on card
        Must have SBI education loan or fixed deposit (min ₹20,000)
        Indian residency required
      • Application Process: Online: Via SBI Card website or YONO app
        Offline: Through SBI branches with required documents
      • Important Notes: Cash withdrawal fee of 3.5% applies
        Best suited for students with SBI education loans
        May help students transition to regular credit cards after graduation
      • Customer Support: The SBI Student Plus Credit Card is an excellent financial tool for students, especially those with SBI education loans. Its rewards on educational expenses, fuel surcharge waiver, and credit-building features make it a practical choice for students beginning their financial journey. While primarily a secured card, its benefits and low-cost structure provide significant value to student users who can leverage it to establish good credit habits early on.
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Benefits of SBI Student Plus Credit Card

  • Financial Accessibility for Students:
    • Exclusive for SBI Education Loan Customers: Designed specifically for students with SBI education loans or fixed deposits (min ₹20,000), making credit accessible without income proof requirements.
    • No Annual/Joining Fees: Zero joining fee and annual fee waived on spends of ₹35,000+, keeping costs low for students.
    • Reward Points and Cashback: Earn 1 cash point per ₹100 spent (10x on grocery/departmental stores). Redeem 2,000+ points against bills or for gifts from SBI Rewards Catalogue.
    • Special 10X reward points on international spends - ideal for students studying abroad.
    • Fuel and Travel Benefits:
    • 2.5% Fuel Surcharge Waiver: On transactions between ₹500-₹3,000 (max ₹100/cycle) at petrol pumps nationwide.
    • Global Acceptance: Use at 24M+ outlets worldwide and 1M+ ATMs for cash access (80% of limit).
    • Flexible Payment Options:
    • Flexipay EMI: Convert ₹2,500+ purchases into EMIs (6-24 months) via sbicard.com.
    • Balance Transfer: Shift high-interest dues from other cards at lower rates.
    • Easy Bill Pay: Automate utility bill payments (electricity, phone, insurance).
    • Credit Building Features:
    • Establish Credit History: Responsible usage helps build credit score for future loans/cards.
    • Secured Card Option: FD-backed (80% of deposit as limit) for students with no credit history.
    • Student-Focused Perks:
    • Add-On Cards: Get 2 free add-on cards for family members (18+ years).
    • Educational Expense Rewards: Earn points on book purchases, online courses, and stationery.
    • Student Discounts: Special offers on food delivery, movie tickets, and e-learning platforms.
    • Security and Convenience:
    • EMV Chip Security: Protection against fraud with chip technology.
    • Contactless Payments: Tap-and-pay at NFC terminals for quick transactions.
    • 24/7 Customer Support: Dedicated helpline (1860 180 1290) for assistance.
    • Transition to Adulthood:
    • Upgrade Path: After graduation, students can upgrade to premium SBI cards with income proof.
    • Financial Literacy: Teaches budgeting and responsible credit usage early on.
    • Important Considerations: Best suited for students with SBI education loans or those willing to open an FD. Cash withdrawal fee of 3.5% applies - use sparingly.
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How to Apply for SBI Student Plus Credit Card

  • Step 1: Check Eligibility
    Age: 18+ years (primary card), under 18 can get add-on card
    Must have: SBI education loan or fixed deposit (min ₹20,000)
    Indian residency required
  • Step 2: Gather Documents
    Identity: PAN (mandatory), Aadhaar, Passport
    Address: Utility bill, Aadhaar, Passport
    SBI Relationship: Education loan details or FD receipt
    Student Status: College ID or admission letter
  • Step 3: Choose Application Mode
    Online: Via SBI Card website or YONO app (fastest method)
    Offline: Visit SBI branch (required for FD-backed applications)
  • Step 4: Submit Application
    Fill form with accurate details, receive reference number
  • Step 5: Verification
    Telephonic/field verification for documents and address
  • Step 6: Approval
    Typically within 7-14 days; check terms (credit limit, fees)
  • Step 7: Card Delivery
    Delivered to registered address; activate via SBI Card app

Eligibility Criteria for SBI Student Plus Credit Card

  • Primary Requirements:
    • Must have an active SBI education loan OR fixed deposit (min ₹20,000)
    • Indian residency (card primarily for domestic use)
  • Age Criteria:
    • Primary Cardholder: 18+ years
    • Add-On Cardholders: Can be issued to students under 18 (linked to parent's primary card)
  • Financial Relationship:
    • Education Loan: Must be active with SBI
    • Fixed Deposit: Minimum ₹20,000 (credit limit typically 80% of FD amount)
  • Student Status:
    • Must be enrolled in recognized university/college in India
    • May need to provide student ID or admission letter
  • Co-Applicant Requirement:
    • For students without income: Parent/guardian must be co-applicant
    • Co-applicant must have stable income and good credit history
  • Credit History:
    • No prior credit history required (card helps build credit)
    • Existing SBI customers may get preference
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Documents Required for SBI Student Plus Advantage Credit Card Application

  • Identity Proof (Any one):
    • PAN Card (mandatory)
    • Aadhaar Card
    • Passport
    • Voter ID
    • Driving License
  • Address Proof (Any one):
    • Aadhaar Card (updated with current address)
    • Passport
    • Driving License
    • Voter ID
    • Utility Bill (not older than 3 months)
    • Rental Agreement or Hostel Letter (if applicable)
  • Proof of Education Loan or Fixed Deposit:
    • For Education Loan: SBI loan sanction letter or active loan account statement.
    • For Fixed Deposit: SBI FD receipt (minimum ₹25,000) and branch confirmation letter.
    • If FD is in parent's name: Parent’s consent letter linking FD to student’s application.
  • Student Identity Proof:
    • College/University ID Card
    • Admission Letter
    • Bonafide Certificate from Institution
  • Photographs: 2–3 recent passport-sized color photographs.
  • Additional (if applicable):
    • Parent’s consent letter (for students under 18)
    • Scholarship letter or part-time job payslip (optional)

Factors Affecting SBI Student Plus Advantage Credit Card

  • Eligibility: Only available to students with an active SBI education loan or a fixed deposit (FD) of ₹20,000 or more. Not available to general applicants without these conditions.
  • Credit History: Ideal for students with little or no credit history. Helps in building a credit profile with responsible usage.
  • Age Requirement: Applicants must be 18 years or older. Students under 18 can use an add-on card issued to their parent/guardian.
  • Fixed Deposit or Education Loan: Requires either a valid SBI education loan or an FD to secure the card. Credit limit is typically 80–85% of the FD amount.
  • Documentation: Basic KYC documents required such as identity proof, address proof, student ID, passport-size photo, and proof of education loan or FD receipt.
  • Fees: No joining or annual fee if the cardholder spends ₹35,000 or more in the previous year. Otherwise, standard charges apply.
  • Reward Program: 1 cash point per ₹100 spent on regular purchases; 10X reward points (up to 2.5% cashback) on grocery and departmental store spends.
  • International Usage: 10X reward points on international transactions, making it suitable for students studying or spending abroad.
  • Fuel Surcharge Waiver: 2.5% waiver on fuel purchases between ₹500–₹3,000, capped at ₹100 per billing cycle.
  • EMI and Balance Transfer: Flexipay allows EMIs for purchases above ₹2,500. Balance transfer option available at lower interest rates for consolidating debt.
  • Cash Withdrawal: Allows cash withdrawal up to 80% of the credit limit, but a 3.5% fee is applicable on the withdrawn amount.
  • Credit Building: Promotes responsible credit behavior. Timely repayments can help establish a healthy credit score early in life.
  • Application Method: Must apply at an SBI branch with necessary documentation. Online application is not available for this card.
  • Account Management: Full access to online and mobile banking features for payments, tracking transactions, and reward redemption.

Frequently Asked Questions (FAQs)

What is the SBI Student Plus Credit Card, and who is eligible for it?
The SBI Student Plus Credit Card is designed for students aged 18 and above enrolled in recognized universities/colleges in India. Applicants must have a valid student ID and a co-applicant (parent/guardian) with a stable income.
Can I get an SBI Student Plus Credit Card without a co-applicant?
No, since most students lack a steady income, a co-applicant (parent/guardian) with a stable income is mandatory for approval.
What is the credit limit on the SBI Student Plus Credit Card?
The credit limit is determined based on the co-applicant’s income and creditworthiness, typically ranging from ₹10,000 to ₹50,000 for students.
Are there any annual fees or hidden charges on this card?
The card may have a nominal annual fee (e.g., ₹500), but some variants offer fee waivers on spends above a certain limit. Always check the latest terms before applying.
Does the SBI Student Plus Credit Card offer rewards on educational expenses?
Yes, it provides reward points or cashback on spends like book purchases, online courses, and stationery, along with discounts on partner education platforms.
Can I use this card for international transactions while studying abroad?
Yes, but foreign transaction fees (~3.5%) may apply. Inform SBI beforehand to avoid blocking and check if your card variant supports forex transactions.
How can I track my expenses and manage my card as a student?
Use the SBI Card App or Internet Banking to monitor spends, set transaction alerts, and pay bills. You can also enable/disable international usage for security.
What happens if I miss a payment deadline as a student with limited income?
Late payments attract high interest (~36% p.a.) and penalties. The co-applicant is jointly liable, so ensure timely payments to avoid affecting both credit scores.
Are there any exclusive discounts or benefits for students with this card?
Yes, benefits include discounts on food delivery (Swiggy/Zomato), movie tickets (BookMyShow), and e-learning platforms (Coursera, Udemy).
Can I upgrade my SBI Student Plus Credit Card after graduation?
Yes, after securing a job, you can request an upgrade to a premium SBI card (like SimplyCLICK or Prime) by submitting income proof and maintaining good credit history.

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