Student Credit Cards

Searching for the best add-on Credit Card for students? Read this post to get all the information you need.

Credit Cards add a lot of freedom and flexibility to your finances. However, one of the most vital eligibility criteria for a Credit Card is a steady source of income. While this makes many part-time students with a job eligible for various Credit Cards, what about students with no source of income? Add-on Credit Cards can be the answer to this problem.

Students above 18 years can use the add-on card facility to get a Credit Card that they can use for their everyday finances. Find out what add-on Credit Cards for students are, how they work, and more-

Students who are not eligible for standard Credit Cards can opt for the add-on card facility. With this, an existing Credit Card user, like their parents, can apply for an add-on or supplementary card, which the student can use. Both the cards, primary and supplementary, share the same credit limit except when the primary cardholder opts for a specific sub-limit for the add-on card.

But note that such add-on cards are only available for applicants above 18 years. So, if you’re a senior college student, this can be a smart way to get your hands on a Credit Card.

Here are some of the features of the best Add-On Credit Cards-

• Credit Limit

As mentioned above, the primary cardholder and the supplementary cardholder share the credit limit of the primary Credit Card. However, primary cardholders can put sub-limits for the supplementary card.

• Card Validity

Just like the credit limit, the add-on Credit Card shares the card validity with the primary card. So, it’ll be valid as long as the primary Credit Card. Depending on the issuer, the validity can range from 3 to 5 years.

• Add-On Card Fee

The fee for the add-on cards depends on the card issuer. For instance, AU Small Finance Bank offers Credit Cards with free add-on cards for lifetime. So, ensure you check the charges when applying for add-on Credit Cards for teens.

• Documentation for Add-On Card

As the primary cardholder has already completed the detailed verification when applying for the Credit Card, supplementary cards generally don’t involve a lot of documentation. In most cases, the student is generally required to submit their ID and address proofs.

• Add-On Card Usage

An add-on card can be used like any regular Credit Card. Students can use it for online and offline purchases, bill payments, and more. Details of all the transactions done with the add-on card will be included in the monthly statement of the primary Credit Card.

AU Small Finance Bank, the largest SFB in India, offers a wide range of feature-packed Credit Cards, including AU Vetta, AU Zenith, AU Altura, AU Altura Plus, and LIT. Apart from the extensive rewards and benefits, AU Credit Cards also come with an Add-On Card option. It allows cardholders to share the benefits of their Credit Cards with their loved ones.

Check the features and benefits of AU Credit Cards to select a Credit Card that perfectly matches your lifestyle.