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SBI Card
SBI Student Plus Advantage Credit Card
Visa
SBI Student Plus Advantage Credit Card
Purpose-built for students studying on an SBI education loan, this card needs no independent income and can alternatively be secured with a fixed deposit. It's a genuinely no-frills product — no joining or annual fee, 1 reward point per ₹100 spent, and an EMI conversion option — designed purely to give students a starter card and credit history.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants who clear the standard eligibility bar. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- ⛽ Fuel
2.5% fuel surcharge waiver at all petrol pumps across India
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
Fees & charges
- Rewards redemption fee: ₹99 + applicable taxes per redemption request when reward points are redeemed for statement credit, gift vouchers or physical products, charged once per batch regardless of how many items are redeemed in it.
- Foreign currency markup: 3.5%
- Interest rate: 27% p.a.
- Fuel surcharge waiver: 2.5% fuel surcharge waiver at all petrol pumps across India
- Cash advance charges: 2.5% of the withdrawn amount or ₹300 (whichever is higher) at domestic ATMs, and 3% or ₹300 (whichever is higher) internationally; cash advances earn no reward points and carry no interest-free grace period.
Benefits
- 2.5% fuel surcharge waiver at all petrol pumps across India
- Issued to students who have taken an education loan from SBI, or against a fixed deposit with the bank
Pros
- + Available directly against an existing SBI education loan, without separate income proof
- + Zero joining and annual fees
- + Low interest rate of 2.25% per month versus typical card rates
- + Flexipay lets purchases over ₹2,500 convert to 6/12/24-month EMIs
Cons
- − Eligibility is tied to having an SBI education loan (or an FD as an alternative), so it isn't open to all students
- − Very basic 1 point/₹100 reward rate with no bonus categories
- − Credit limit is typically modest, reflecting the no-income underwriting