Education is one of the most important investments a person makes for their future. From tuition fees and books to daily expenses and emergencies, students often need financial flexibility while pursuing their studies. Understanding this need, State Bank of India offers a dedicated credit card solution for students - the SBI Student Plus Advantage Card.

This card is specially designed for students who have availed an education loan from SBI, helping them manage expenses smartly while also building a healthy credit profile early in life.

What Is the SBI Student Plus Advantage Card?

The SBI Student Plus Advantage Card is an exclusive credit card for SBI education loan borrowers. Unlike regular credit cards, this card is issued against a fixed deposit (FD) maintained with SBI, making it accessible even for students with no prior credit history.

It is a practical financial tool that allows students to handle education-related and personal expenses without depending heavily on cash.

Key Features and Benefits of SBI Student Plus Advantage Card

Earn Reward & Cash Points on Every Spend

Every time you use your SBI student credit card, you earn reward points or cash points on eligible transactions. Typically, you earn points for every ₹100 spent, which can later be redeemed to reduce your outstanding credit card balance or for exciting gifts from the SBI rewards catalogue. This helps students save money while spending on essentials.

Annual Fee Waiver on Spending

One of the biggest advantages of this card is the annual and renewal fee reversal. If your total yearly spending crosses the prescribed threshold, the annual fee is completely waived—making the card cost-effective for regular use.

Fuel Surcharge Waiver

The card offers a fuel surcharge waiver on petrol purchases within a specified transaction range. This benefit is useful for students who frequently commute using two-wheelers or cars, helping them save on recurring fuel costs.

Global Acceptance

The SBI Student Plus Advantage Card is accepted at millions of merchant outlets worldwide, both online and offline. Whether you’re shopping on international websites, paying for online courses, or traveling abroad for education, this card ensures seamless payments.

Cash Withdrawal Facility

In case of emergencies, students can withdraw cash from Visa or Mastercard-enabled ATMs. A significant portion of the credit limit can be used for cash withdrawals, offering instant liquidity when needed.

EMI Conversion with Flexipay

Large purchases can be stressful on a student budget. With Flexipay, transactions above a certain amount can be converted into easy monthly EMIs, helping students manage expenses without straining their finances.

Balance Transfer Facility

If you already hold a credit card from another bank, SBI allows you to transfer your outstanding balance to the SBI Student Plus Advantage Card at comparatively lower interest rates, making repayment more affordable through EMIs.

Utility Bill Payments Made Easy

The card can be used to pay regular bills such as electricity, mobile recharges, internet bills, and insurance premiums. This feature makes it convenient for students staying away from home to manage monthly payments independently.

Add-On Cards for Family

Students above 18 years of age can request add-on cards for family members, allowing controlled spending while keeping all expenses under a single credit account.

Enhanced Security with EMV Chip

Security is a major concern for first-time card users. The SBI Student Plus Advantage Card comes with EMV chip technology, offering high protection against fraud, skimming, and counterfeiting.

Easy Money Facility

Under this feature, students can request a demand draft or cheque against their available credit limit. The amount is delivered directly to their address, making it useful for urgent or planned expenses.

Why Should Students Choose SBI Student Plus Advantage Card?

The SBI Student Plus Advantage Card is more than just a credit card - it’s a smart financial companion for students. It helps manage education-related expenses efficiently while offering rewards, fee waivers, EMI options, and global usability. Since the card is backed by a fixed deposit and linked to an education loan, it does not put unnecessary repayment pressure on students.

Most importantly, using this card responsibly helps students build a strong credit history early, which can be extremely beneficial when applying for personal loans, home loans, or premium credit cards in the future.