ICICI Bank launches special travel card for student going abroad
Moneylife Digital Team 06 August 2014

The Travel Card helps overseas students to pay for application fee, university admission and other course-related fees, hostel fee and day-to-day living expenses, while their parents can reload the card from India

 

ICICI Bank, the country’s largest private sector lender has launched a travel card which enables students going abroad for higher studies to take care of their expenses.

 

“The card offers both students and parents a convenient, safe and hassle-free way to manage their education-related expenses abroad. While it helps the students pay for expenses such as application fee, university admission and other course-related fees, hostel fee and day-to-day living expenses, their parents can reload the card from India. Also, the card allows withdrawal from ATMs across the globe in local currency,” the bank said in a statement.

 

Additionally, card users get the benefit of free comprehensive travel insurance, lost card liability insurance and a replacement card which can be activated easily by calling an international toll-free number in the event of loss/ damage of the primary card.

 

The unique feature of the card is that it is bundled with membership of the International Student Identity Card (ISIC). ISIC is the only internationally accepted proof of full-time student status and offers 40,000 benefits and discounts at 1.2 lakh merchant outlets across 130 countries.

 

ICICI Bank Student Travel Card is available in the dollar, pound, euro, Australian dollar and Canadian dollar. It is valid for three years and can be applied for from any foreign exchange-enabled ICICI Bank branch. Anyone, including non-customers, can apply for this card.

Comments
Krishnan Venkat Subramanan
8 years ago
pl note that the travel insurance provided here is alongwith the card which may not be recognised by the Universities abroad. They would like to see a separate insurance cover which has to be mentioned.
IndianMoney
8 years ago
The launching of a travel card is great for students as their parents can easily recharge this card from India.
However along with this travel card make sure you take travel insurance so that if your child suffers a medical emergency abroad the amounts are reimbursed.
R Choksi
8 years ago
Hi,

This is same as any other currency card offered by banks and tour operators such as Thomas Cook. One feature which may not be in other travel cards seems to be 'free travel insurance'.

R Choksi
8 years ago
Hi,

This is same as any other currency card offered by banks and tour operators such as Thomas Cook. One feature which may not be in other travel cards seems to be 'free travel insurance'.

Krishnan Venkat Subramanan
8 years ago
what is new in this travel card. my son has gone abroad about two years back and had taken an IDBI bank World currency card. He has been using the card for managing his expenses, fees etc. As a parent i used to load the card from India for meeting his monthly expenses which is very efficient and easy way at IDBI bank. However students using the card for direct payment to the university should be cautioned that there would be a hefty charge for the same. The best way would be to withdraw the amount from an ATM at the unversity and deposit it to their account with a bank there which the student might have opened. Generally all universities have a branch of a bank in the campus like Wells fargo or Bank Am. Then use the Debit card given by the bank which is the most efficient way.
Payment through travel cards involved payment of unnecessary charges
Readers should be aware of the charges which is in USD.
thanks
regards
kv subramanian
Free Helpline
Legal Credit
Feedback