For students in 2025, managing money while focusing on studies can feel like a big task, but a credit card can help you get started on the right path. It’s more than just a way to pay—it’s a tool to build your credit history and learn how to handle expenses wisely. IDFC FIRST Bank offers a fantastic option for students with its credit card, designed to be simple and rewarding. Read on to know more.
Understanding Credit Cards for Students
A student credit card in India is like a first step toward financial responsibility. It lets you buy things without cash, helps you keep track of your spending, and starts building your credit score for the future. Since most students don’t have a steady income or credit history, these cards are often secured with a fixed deposit, making them easier to get. They come with low or no fees and offer rewards that suit a student’s lifestyle, ensuring you can manage your budget while learning the ropes.
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IDFC FIRST WOW! Credit Card: A Smart Choice for Beginners
The IDFC FIRST WOW for student credit card is a top pick for students in 2025 because it’s designed to be safe and rewarding. It’s a secured card, meaning you don’t need a credit history or income proof to apply. Instead, have a fixed deposit with IDFC FIRST Bank with a minimum amount of ₹20,000. Your credit limit is 100% of your fixed deposit, so you can’t overspend, making it a great way to learn about credit without taking big risks.
Here are some key benefits of this card:
- Lifetime-Free: No joining or annual fees ever, keeping your costs low.
- Reward Points: 4x plus 6.25% interest on FD.
- 0% Forex Fee: No extra charges on international spends, perfect for studying abroad or shopping online globally (no forex conversion fee).
- ATM Withdrawals: Withdraw up to 100% of your fixed deposit
- Discounts: Save at over 300 merchants and 1500 restaurants on food and shopping.
This card also offers low interest rates starting at 9% per year on carry-over balances, which is helpful if you can’t pay your full bill right away, though it’s best to clear your dues on time. It’s a practical choice for students who want to start small while earning rewards with an FD backed credit card on their spending.
IDFC FIRST EA₹N Credit Card: Digital and Simple
For students who love managing everything online, the IDFC FIRST EARN credit card is a fantastic pick. It’s a virtual RuPay card, meaning you don’t get a physical card—just a digital version you can use through the bank’s mobile app.
Here are the key features and benefits:
- Secured with a Fixed Deposit: Requires a minimum fixed deposit of ₹5,000 with bank to get started, ensuring you can’t overspend.
- Virtual Card: Manage all transactions, from payments to tracking spending, directly through the bank’s mobile app—no physical card needed.
- Annual Fee: Comes with a joining and annual fee of ₹499 plus GST, which is affordable for a student budget.
- Cashback Rewards: Earn 1% cashback on spends made through the bank’s app and 0.5% on UPI spends via other apps or online purchases, capped at ₹500 per billing cycle.
- Welcome Bonus: Get 100% cashback up to ₹500 on your first UPI transaction, giving you a nice perk to kick things off.
- UPI Integration: Perfect for quick payments using UPI apps, like buying food or paying for shared rides, while earning rewards.
Conclusion
The IDFC FIRST WOW! credit card and FIRST EARN credit card by IDFC FIRST Bank are an excellent option for students looking to start their credit journey. With no annual fees, a 0% forex markup, and rewards that never expire, it’s tailored to fit a student’s needs while helping you grow financially. Start using it wisely, and you’ll be setting yourself up for a solid financial future with confidence!