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Credit Cards for Kids: What Cards to Get and When?

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April 28, 2023


What’s Inside

Children are often born and bought up in a society that hesitates to talk about money. Leave alone the credit part of it, and that too for kids. Result? Most kids don't learn enough about credit until later in life. But most parents don’t know that kids credit cards are a great tool to teach them about finance and help them build credit at a young age.

Fortunately, some parents wish to give a head start to their kids. If you’re among those, let’s consider what credit cards for kids you can get for your children.

Kids Credit Card - Best Cards Available

Providing your child with a credit card has associated risks. For instance, they may squander or even misplace the card. But with the proper guidance, they can learn crucial lessons about how credit and debit work. Here are some best credit card options for children.

1. SBI Student Plus Advantage

The SBI student plus advantage card is among the best options for minors and students. This card is ideal for students who took an education loan from SBI.

The SBI credit card for kids has numerous benefits, like zero annual fees and a reward point system allowing users to pay outstanding balances from rewards earned on purchase.

Additionally, cardholders receive a 2.5% fuel surcharge waiver at pr you can easily pay your application or university fees and handle daily expensesominent petrol stations pan India. They can use the card to make international purchases. However, using this card requires a fixed deposit account in any SBI branch.

2. HDFC Multicurrency Platinum Forex Card

The HDFC Bank ForexPlus Card benefits students studying abroad, requiring seamless access to funds in different currencies. Overseas students often face issues related to currency fluctuations.

The HDFC card protects users in such scenarios, as they can deposit money in the card in various currencies. As a result, you don’t have to pay additional charges levied due to fluctuating market rates. Moreover, you can conveniently use it with merchants partnered with Visa or MasterCard.

But you can apply for the card only if you are above 18 years old.

3. Axis Bank Insta Easy Card

The Axis Insta card offers various benefits for cardholders. The card allows you to earn 1.2% value on all your domestic purchases and 2.4% on international purchases. Additionally, it provides welcome gifts and discounts across restaurants.

It allows you to get supplementary travelling rewards that you can use to get discounts on ticket bookings and more.

4. ICICI Bank Student Travel Card

ICICI offers another excellent option for students. Using this card,. With provision for online payment and swiping ability, it makes the student’s life hassle-free. All outlets that allow MasterCard payments accept this card. Additionally, it also allows you to money withdrawals from MasterCard ATMs worldwide.

The standout feature of this card facilitates students to join the student identity card membership. With this membership, they can avail of different travel discounts and offers tailored specially for them.


A credit card for kids is always the best way to familiarise them with the ins and outs of using a credit card. However, adult supervision is a must when dealing with money matters. Research and find options that suit you and your kid the best.

You can try Fi Money’s branded credit card in partnership with federal banks. We offer a co-branded credit card with assured rewards on every purchase. You can add your kids as authorised users on your credit card if they are below 18 years.

Frequently Asked Questions

1. How old should kids be for a credit card?

Only young adults of 18 years or above can hold a credit card in India. Yet, if your kid is below 18, you can add your child as an authorised user to your credit card. Note that some card issues have age requirements for authorised users.

2. What are good credit card alternatives for a child?

Borrowing money can become tricky for some kids. Hence, other alternatives can help them learn about managing money. These alternatives include:

  • Debit card
  • Overdraft
  • Basic current account
  • Digital Wallets

Curious about the best digital account options for kids? Read about the top 5 digital savings accounts.


Fi Money is not a bank; it offers banking services through licensed partners and investment services through epiFi Wealth Pvt. Ltd. and its partners. This post is for information only and is not professional financial advice.
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