Indians today are more open to the idea of using credit cards. The idea that a line of credit is extended to you with the understanding that you will repay this amount at the end of each month is appealing. To add to this, the varied benefits and reward programs issued to credit card cardholders has made more individuals want to avail of them. This concept is even more appealing to students, who may not have the means to make important purchases at one go but can pay them off over time. Read on to learn about student credit cards and the application process associated with them.

 Student Credit Cards

Student credit cards are rising in popularity. This is owed to the fact that young adults over the age of 18 often find themselves having to foot several bills. Their earning capacity at this stage, however, is not always sufficient to meet these expenses. Credit cards designed for students consider their financial needs. Take for instance the student credit card Bihar government offers. 

Understanding the Bihar Student Credit Card

The government of Bihar recognizes the importance of education. Moreover, they noticed a decline in the state’s gross enrollment ratio (pertaining to education) which fell to 14.3 percent. This lies in sharp contrast to the country average which amounted to 24 percent.

As a result, the state government of Bihar launched a credit card scheme which aims to increase this ratio to 30 percent in the following 5 years. 

Bihar Student Credit Card Apply Online 

Higher education is easy to avail of with the aid of Bihar’s student credit card. Read on to learn more about Student Credit Card Bihar apply online process.

Step #1. Visit http://www.7nishchay-yuvaupmission.bihar.gov.in/

Step #2. Click on the ‘New Applicant Registration’ tab.

Step #3. Fill out pertinent information and select the ‘Send OTP’ button.

Step #4. You will receive an OTP via your registered mobile number or email address.

Step #5. Key out this OTP and select the ‘Submit’ button.

Step #6. Now that you have registered with the website, visit the home page.

Step #7. Login to your account using the credentials sent to your mobile phone or email address.

Step #8. Enter a new password and login with it.

Step #9. Key out your details and press the ‘submit’ button.

Step #10. Under the ‘Select Scheme’ drop down menu, click on ‘Bihar Student Credit Card’.

Step #11. Fill out information pertinent to you and a co-applicant should you have one.

Step #12. Submit said information and jot down the acknowledgement sent to your email.

 Conclusion

 To learn more about credit cards such as the student credit card made available by Bihar for its statesmen as well as more generic credit cards available to all, visit the Finserv MARKETS website today. Here, not only can you learn more about credit cards currently available in the market but can also learn how to use customer portals online among other things.