SBI Student Plus Advantage Credit card is a credit card issued by the State Bank of India for the students who availed the facility of student loan or education loan from the State bank of India. It is facilitated especially for the students to meet their daily needs. Its like a smart card and it gives rewards for the students who use this facility.
What are the Features of SBI Student Plus Advantage Credit Card
- It offers 80% cash withdrawal limit to the card holders
- The interest charged on the same is very less i.e. 2.25% per month
- The card holders such as students can pay the electricity bill through this card
- It facilitates globally acceptance.
- It gives you the freedom to paying fuel surcharge of 2.5% across all petrol pumps in India.
- From this card you can also book train ticket from online
What is the eligibility criteria for SBI Student Plus Advantage Credit Card
- To avail the SBI Student Plus Advantage Credit card you should have the education loan with the State bank of India.
- The students who are applying the same should be 18 Year old or above.
What are the Documents required for apply SBI Student Plus Advantage Credit Card
The students who are availing the facility of SBI Student Plus Advantage Credit Card required to submit the following documents:
- PAN Card/ Aadhar Card/ Passport/ Driving License
- Residential Evidence such as Aadhar card or pan card etc
- Education loan account statement
- FD Receipts
- Passport size photos
- Student Card
Fees and Charges
| Annual Fees | No |
| Joining Fees | No |
| Renewal Fees | If in the previous calendar year total spending is less than Rs. 35,000 then charges will be Rs. 500 |
| Finance Charges | Upto 2.25% per month |
| Interest free credit perios | 20 days to 50 days |
| Statement retrieval | Rs. 100 per statement |
| Charge slip retrieval | Rs.225 per charge slip |
| Late Payment | Nil for total amount due from Rs.0 to Rs.200.Rs.100 for amount more than Rs.200 and up to Rs.500.Rs.400 for amount more than Rs.500 and up to Rs.1,000.Rs.500 for total amount more than Rs.1,000 and up to Rs.10,000.Rs.750 for total amount more than Rs.10,000. |
| Card Replacement | Rs. 100 |
| Foreign currency transaction charges | 3.5% |
| Reward redemption fees | Rs.99 |
| Cash payment charges | Rs.100 |
Benefits of SBI Student Plus Advantage Credit Card
- You will get 1 reward point for every 100 rupees spent on card
- If you spent Rs. 500 to Rs. 3000 on fuel then you will be getting the benefit of Fuel surcharge waiver of 2.25%
- If you spend Rs. 35,000 in a year, the annual fees of Rs. 500 will be waived off
- You can withdraw cash from over 1 million Visa and MasterCard ATMs.
- You can use the Flexipay facility to convert your purchases into EMI if they exceed Rs.2,500.
- You can transfer the outstanding bills of your other credit cards to your SBI Student Plus Advantage Credit Card and pay the amount at a lower interest rate
FAQ – SBI Student Plus Advantage credit card
What is the interest rate for SBI student credit card?
The interest rate of SBI student plus advantage credit card is 2.25% per month annually it will be 27%
How can a student apply for SBI credit card?
The students can apply for SBI credit card through online or you can visit the nearest SBI branch
What is the limit of student credit card?
The limit of the SBI Student plus advantage credit card will be 90% of your Fixed Deposit
How long can I use a student credit card?
You can use your SBI Student plus Advantage Credit card as long as you want.
Can I cancel my student credit card?
Yes, you can cancel if you do not need longer.
Does student credit card affect credit score?
If you pay the bills within the due dates it will impact positively on your credit score. Otherwise it will become negatively impact.
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