October 21, 2024 · 15 mins read
Santosh Kumar
The journey towards financial freedom is something that everyone strives to achieve at least once in their life. This is most visible in young adults aged 19 because they are considered to be entering the world of adulthood. At this age, most people are in college, seeking internships, entry-level jobs, and trying to handle their finances. Getting a credit card is one of the best ways to begin this journey. Credit cards for 19-year-olds come with many benefits, including convenience, incentives, and, most importantly, the ability to create a credit history. But the difficulty comes in knowing the card that fits the purpose, especially for under 21 credit cards in India with no FD requirements.
In this blog, we will look into the various types of credit cards suited for young people, allowing you to take your first steps towards financial security while also providing guidance on the correct use of credit.
The most appropriate RuPay UPI cards would be addressed only after first defining the term of a RuPay UPI card. A RuPay UPI card is simple in principle; it is a blend of the card payment interface of the card network of RuPay with the instantaneous transaction mode of the UPI. Users can make payments using UPI through the card as they can also take advantage of RuPay's network which has been known to charge low transaction fees and superior to average security. There is the ease of online transactions with the RuPay UPI card, whether for shopping, payingC bills or sending cash.
Most people would have thought that with credit cards for 19 year olds, it is still rather early to be thinking of getting credit cards. This is not the case. Here's why:
A man holding a credit card for the first time has many questions in mind. It takes time for one to be able to pay off his or her debts so that he or she can apply for loans, rent an apartment or even work someday in the future. This will augment your credit history if you understand how to use a credit card to less indebtedness at an early age. There are most of the 19-year-old youths who do not hold credit history, in such situations, acquiring a credit card as early as this generation will help improve their credit status.
Credit cards are good in that they teach responsible use of money. This is particularly true while using a credit card. Timely payments of bills always foster money control, which is very important because it brings balance to finance and budgeting.
A credit card can also be regarded as a safety net to cater for unplanned expenditures. No matter how regular or emergency it is, be it an urgent payment or even a little unplanned choice to buy something, a credit card can be quite useful when there is no cash available to you.
Read More:: Top 10 Credit Card Features List
If you're looking for a credit card for 19-year-olds in India, it's important to choose a card that fits your financial situation and helps you build a credit history. For young adults seeking a credit card for 19-year-old without FD or under21 credit cards without income proof, there are several options to consider. These cards can help you start building your credit without requiring a large deposit upfront, which is especially useful for those just beginning their financial journey.
Highly recommended credit card for 19 years old in India is RuPay UPI cards. A RuPay UPI card is simple in principle; it is a blend of the card payment interface of the card network of RuPay with the instantaneous transaction mode of the UPI. Users can make payments using UPI through the card as they can also take advantage of RuPay's network which has been known to charge low transaction fees and superior to average security. There is the ease of online transactions with the RuPay UPI card, whether for shopping, paying bills, or sending cash.
Here are some credit cards for 19 years old to achieve financial independency.
India has favourable credit cards for students and young adults; the SBI Student Plus Advantage Card is among the top such credit cards. It being a Student card makes this perfect for 19-year-olds who have just started their credit journey.
1. "Cashback" benefits of 1% for all domestic spending, including fuel, grocery and restaurants.
2. If you are an existing SBI customer, there is no need for an FD.
3. Annual charges to cardholders are on the lower side.
4. If you make any large purchases, then you have the option to convert them into EMI.
5. All family members get free add-on cards.
If, however, you are a 19-year-old in need of his or her very first credit card for 19-year-old India without FD, ICICI Bank's Instant Platinum Credit Card will be an excellent alternative. Young features are inherent in it, and a fixed deposit is not a requirement; thus, it is very appropriate for a first-timer.
1. No annual charges.
2. Used in the service of landmarks and millions of merchants around the world.
3. Once eligibility is met, approval and issuance will be effective within a short time.
4. Get specialized benefits related to - tourism, food, and shopping.
5. Some fuel stations also offer fuel discounts and others a fuel surcharge waiver.
The ICICI Bank Instant Platinum Credit Card, targeting credit cards for 19 year olds, even helps them have some valuable rewards and discounts along with the freedom of credit.
Though classified as a prepaid card, the HDFC Bank ISIC Student ForexPlus Card contains excellent features favourable to students, mainly those planning to study abroad or frequently travel overseas. At the age of nineteen, most students are on their way to setting out for various international study programs; this card is meant for that.
1. A well-accepted card with International Student Identity Card (ISIC) privileges.
2. Gives more than 130 countries great deals on flights, shopping, accommodation and many other services.
3. Cards that are also easy to reload are very convenient for school-going students.
4. Many more special benefits and attractive discounts are available for students.
Kotak 811 #DreamDifferent Credit Card for credit cards for 19-year-olds is a digital-first card focused on young users, specifically those who do not wish to furnish any fixed deposit and are eager to use the comfort of a credit card.
1. No need for any income proof or credit score.
2. Digital issuance with instant approval.
3. Up to 4x reward points on purchases.
4. Zero annual charges Fees.
Issued by SBM Bank (India) Ltd. Step Up Credit Card is a secured credit card which is co-branded by Paisabazaar. This credit card was exclusively designed to cater to the needs of individuals lacking credit access either due to NIL credit or low credit score. Therefore, the card can be considered if you have an FD in SBM bank. SBM bank offers one of the highest interest rates on FDs for periods of 390 days!
1: No joining fee on FDs above Rs 5000
2: No renewable fee
3: No annual charges
4: No income verification required
5: 90% of FD’s credit amount
Read More:: Best RuPay Card for UPI
This card aptly suits 19 years old who are computer literate and wish to enjoy and have experiences in retrieving data without any stress. Kotak 811 # Dream different credit cards make it easy for young users to own a credit card without the fuss of complicated requirements like any kind of FD or proof of income.
One of the greatest challenges for emerging adults is finding a credit card for 19-year-old India without FD that's appropriate to their status and moreover, does not require them to maintain a fixed deposit (FD). Indeed, most banks will provide a secured credit card which means that the card is issued against a fixed deposit, something that a 19-year-old is perhaps starting out and does not have much savings to back up with. However, if one is searching for a credit card for a 19-year-old in India without FD options, one can find a few alternatives as well.
A no-FD credit card offers help to young adults in getting a credit card without the stress of having their money locked away in a fixed deposit account. More money is given to the credit card holder, and at 19 years of age, one is not concerned about holding huge cash in the savings account.
The SBI Student Plus Advantage Card, ICICI Bank Instant Platinum Credit Card, and Kotak 811 #DreamDifferent Credit Cards are some of the greatest options available to 19-year-olds in India looking for trouble-free credit cards without FD. These cards come with all the necessary features, including rewards, cashback, and flexibility, but without needing a fixed deposit.
Read More:: Rupay Credit Card UPI Limit
Finding a credit card for 18-year-old in India without FD is not as difficult as it may seem. Many banks offer credit cards for young adults that don’t require a fixed deposit, helping you avoid the hassle of locking up your money in an FD. The SBI Student Plus Advantage Card, ICICI Bank Instant Platinum Credit Card, and Kotak 811 #DreamDifferent Credit Card are some of the best options available for those who want to start their financial journey without the need for an FD. Listed below are some other options for credit cards for an 18-year-old without FD
IDFC “FIRST WOW!” Credit Card
The IDFC FIRST WOW! Credit Card allows you to start your credit journey without the need for income proof or credit history. This credit card is best suited for a 18-year-old without FD. They can easily opt for this credit card to establish their credit and manage expenses responsibly. Applying for the FIRST WOW! credit card is simple and does not require income proof or credit history. The only eligibility requirement is that you must be at least 18 years old.
1: Annual fee or joining fee is not applicable
2: no Forex conversion fee allowing to save on international transactions.
3: 4X Reward Points on spends helping to accumulate rewards quickly
4: Credit points never expire
5: 7.25% interest rates on FDs
6: an ATM cash withdrawal limit of 100% of the Fixed Deposit (FD) value
7: With these features, the FIRST WOW! Credit Card is an excellent way to kickstart your credit
8: journey and build a solid financial foundation for the future.
For a nineteen-year-old who is thinking about getting a credit card for the first time ever, it is pretty common to have the following questions in mind before making an application:
Credit cards can either be interesting or frustrating especially when one carries a balance which has some interest charges. Therefore, it is advisable to know the rates of your card and their implications, especially if there is a need to carry a balance.
A major obligation of having a credit card is the ability to pay the relevant bills when they fall due. Failure to do this on a constant basis could not only lead to bills with interest but also one's chances of getting any positive credit history could be considerably compromised. On the other hand, making many late payments can lead to an individual's credit score deterioration.
As a rule, your credit utilization ratio (this refers to the use of available credit balances against the total amount that can be utilized) should not go beyond 30%. Excess credit utilization is detrimental to one's credit score. Using credit cards for 19-year-olds to make essential purchases will be appropriate rather than using the entire limit available. Make the Most of Credit Card Policies With Many Policies on Reward Programs
A number of credit cards give some incentives like cash back or some points for purchases made using their cards. These benefits in the form of rewards which are best suited to your spending patterns should not go unused. If, for instance, you love to purchase mid-priced clothes from various websites often, then you would require a card offering cashback through e-commerce.
Read More:: How to get a high credit card limit for 30,000 salary?
Hassle free credit card application for 19-year-old require following steps
Choose the Card: Select a credit card that suits your needs and you fulfil the requirements to.
Visit the Bank’s Website or App: Go to the official website or mobile app of the bank offering the chosen card.
Fill Out the Application Form: Provide necessary details such as personal information, income (if applicable), and contact details. Most under 21 credit cards might not require income proof, or FDs.
Submit Required Documents: Sometimes, the credit card application for 19-year-old is paperless. Nevertheless, if required, one will need to submit:
- Proof of identity (Aadhaar card, PAN card).
- Proof of address (utility bill, rental agreement).
- student ID card.
Await Approval: The bank will review your application and notify you of the approval status, which may take a few days.
Obtaining a credit card at the age of 19 offers a great opportunity to start working towards acquiring all the basics in the financial area. With the right type of credit card, one can deduct their expenses within a certain period of time, gain rewards and even build their credit history. Be it the search for a credit card for a 19-year-old in India without FD or a quest for a student card, there are many. Though the purpose of a credit card is to make purchases, bear in mind that it should be used wisely as well and make sure that you are not late in making payments or the full balance of utilization of the credit card
1. Is it possible to apply for a credit card in India, being 19 years of age and do not have a fixed deposit?
Several banks in India allow 19-year-olds to hold credit cards without the need for sober requirements such as a fixed deposit (FD). For instance, SBI Student Plus Advantage Card, ICICI Instant Platinum Card, and Kotak 811 #DreamDifferent Credit Cards are examples.
2. What are the credit card advantages to an individual Back at 19?
At age 19, having a credit card helps an individual to establish a credit report, earn bonuses on purchases, and be responsible with money. It also helps when emergencies occur as those below the age are able to go purchase things with their own money.
3. How can I apply for a credit card as a 19 Yr Old? There are no drawbacks listed in my prior credit history.
Specific banks and institutions also offer student credit cards and starter cards, which do not require any credit history. You may either apply online or go personally to a bank branch with your identity proof, address proof and income proof (if any). Some cards even issue credit cards to students based on educational background without requiring any fixed deposit or income.
4. What is the most likely limit that I will be allowed on my first credit card at the age of 19?
Whether or not you get a credit limit on your first card that you obtain at the age of 19 will be dictated by the kind of card you opt for and the bank that issues it. The credit limit is normally lower in the case of student or lower-tier credit cards, but it is adjustable in the future as the individual's history of credit usage is built up and managed wisely.
5. What measures can I take not to get into debt using a credit card at 19?
To escape owing money, it's essential to pay the last credit card bill on time and preferably invoice in full to try and avoid any interest from building up on it. Make a budget and try to spend only that amount of money that you can pay back within a month. In order to be financially responsible, tracking your credit utilization and using no more than 30% of your credit limit will also help.
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