International Students: Getting A Us Credit Card

International students can apply for credit cards in the US, but it can be a difficult process. Credit cards are not only useful for purchases but can be essential for those who plan to stay in the country long-term and build credit. This can be helpful for those who may wish to purchase a car, take out a mortgage, apply for a loan, or even apply for a job. While international students can use credit cards issued in their home country that allow purchases in the US, their credit use on those cards will not contribute to their US credit score. To build a US credit score, international students must open a credit account in the US.

International students can get a credit card in the US without an SSN

International students in the US can face challenges when trying to get a credit card, as most applications require a Social Security Number (SSN). However, it is possible to get a credit card without an SSN. Here are some options for international students:

Specialist Cards for International Students

Some credit card companies offer specialist cards for international students that do not require an SSN. For example, Zolve offers credit cards with comprehensive benefits, an easy application process, and high cashback rewards. The application can be completed online using a passport or I-20 form. Another option is the Deserve Edu Mastercard, which accepts applicants with just their passport as a form of identity.

Apply with an ITIN

Instead of an SSN, international students can apply for a credit card with an Individual Taxpayer Identification Number (ITIN). This is a common option for those who don't have an SSN. Some major banks that accept ITINs in place of SSNs include Chase, Citi, and Bank of America. However, it may be more difficult to apply online without an SSN, and a visit to a financial center may be required. Additionally, other eligibility criteria must be met, and credit history may be considered.

Become an Authorised User

Another option for international students is to become an authorized user on someone else's credit card. This could be a US family member or a close friend who is willing to add the student to their account. This option may not be suitable or possible for everyone, but it can be a good alternative to consider.

Student Credit Cards

International students can also consider applying for student credit cards, which are specifically designed for students and may have more flexible requirements. For example, Discover offers the Student Cash Back card and the Chrome for Students card, which provide cashback rewards on spending. These cards do require a credit check, but other factors are also considered when assessing applications.

Secured Credit Cards

Secured credit cards are another option for international students without an SSN. These cards do not require any credit history, but it is important to use them responsibly and make timely payments to build a good credit score over time.

How to build a credit history as an international student

As an international student in the US, building a credit history can be challenging, but it is not impossible. Here are some steps you can take to establish and build your credit history:

Get a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)

One of the primary requirements for building credit in the US is having an SSN, which is typically assigned to individuals authorized to work in the country. If you are unable to obtain an SSN, you can apply for an ITIN through the Internal Revenue Service (IRS). Having either of these numbers will make it easier to establish your creditworthiness.

Open a U.S. Bank Account

Opening a local bank account is crucial for establishing your financial presence in the US. Even if your transactions are not reported to credit bureaus, having a bank account demonstrates financial responsibility and can be a positive signal to lenders. Additionally, some banks may be more inclined to offer you credit if they can see your income and transactions.

Become an Authorized User

If you know someone willing to take on the risk, you can become an authorized user on their credit card. This will give you access to credit and help you build your credit history. However, ensure that you set up a clear spending and payment plan with the primary cardholder to avoid ruining your credit score.

Apply for a Secured Credit Card

Secured credit cards are specifically designed for individuals with no credit history or those who are new to credit. These cards require a deposit, which becomes your credit limit. You can use a secured credit card like a regular credit card, and your monthly payments will be reported to major credit bureaus, helping you build your credit score.

Build Credit with Loans and Bills

Taking out a loan, such as a student loan, can help build your credit history. Ensure that you make regular repayments, as loan providers typically report this activity to credit bureaus. Additionally, if you are renting a property or paying utility bills, set up monthly transfers to ensure timely payments. Regular and timely payments are a significant factor in building a positive credit history.

Use Credit Cards Responsibly

If you are able to obtain a credit card, use it wisely. Avoid overspending and try not to utilize more than 30% of your credit limit. Make sure to pay your balance on time and in full to maintain a good credit score. Remember that credit cards are a tool to build your creditworthiness, so manage your spending and repayments sensibly.

Building credit as an international student in the US takes time and financial management. By following these steps and maintaining positive credit-building habits, you will be on your way to establishing a solid credit history.

Secured credit cards for international students

International students in the US can find it challenging to obtain a credit card due to their lack of US credit history and residency status. However, a few options are available for those seeking to build their credit, including secured credit cards, which are specifically designed for individuals with no or limited credit history.

Secured credit cards require a refundable security deposit, which becomes the cardholder's credit limit. The deposit amount varies, with some cards requiring a minimum of a few hundred dollars, while others allow for a smaller deposit ranging from $49 to $199. This deposit acts as a security measure for the issuer and helps establish a line of credit for the cardholder. Cardholders can then use the secured card like a regular credit card, making purchases that do not exceed their credit limit. It is important to note that maintaining a low credit utilisation and making timely payments are crucial for building a positive credit score.

To apply for a secured credit card, international students may need to provide certain documents and meet specific requirements. While some credit card issuers require a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN), there are options available for those who do not have either. For instance, international students can consider applying for a secured card from Citibank, which does not require an SSN. Additionally, Capital One offers student credit cards that can be obtained with an ITIN.

It is worth noting that building a positive credit history takes time and consistency. International students can also explore other options, such as becoming an authorised user on someone else's credit card account or using services like Nova Credit, which allows them to apply for US credit cards using their foreign credit history.

International students becoming authorised users on someone else's account

International students can find it challenging to secure a credit card in the US due to the lack of a credit history and their non-resident status. One option to overcome this hurdle is to become an authorised user on someone else's credit card account. This arrangement allows international students access to credit without the need for a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN), which are typically required for credit card applications.

Becoming an authorised user means that an individual can be added to someone else's credit card account, allowing them to utilise the card's benefits. The primary cardholder assumes chief responsibility for any debts accrued by the authorised user. This option can be advantageous for international students who may not have the necessary credit history or SSN to qualify for their own credit card.

To become an authorised user, an international student would need to find someone willing to add them to their credit card account. This could be a friend or family member who trusts the student and is willing to take on the financial responsibility. Once added as an authorised user, the student gains access to the credit line associated with the card, enabling them to make purchases and build their own credit history.

It is important to note that becoming an authorised user is not without its risks. The primary cardholder must be cautious about their credit utilisation and ensure timely payments to maintain a good credit score. Additionally, they should establish a clear spending and payment plan with the authorised user to avoid any misunderstandings or negative impacts on their credit.

While becoming an authorised user can be a viable option for international students to access credit, it is crucial to carefully consider the potential risks and responsibilities involved for all parties. Building trust and maintaining open communication between the primary cardholder and the authorised user are essential for a successful and mutually beneficial arrangement.

International student credit cards with 0% intro APR on purchases

As an international student in the US, you can apply for a credit card. However, it can be challenging to secure one because most credit card companies will check your credit history, and you may not have one if you've just arrived in the country.

Credit cards are not only useful for purchases, but they can also be essential for those who plan to stay in the US long-term and build credit. They can help someone who might wish to purchase a car, take out a mortgage on a house, or apply for a loan.

Some of the most common ways to get a credit card as an international student include getting an Individual Taxpayer Identification Number (ITIN) or Social Security Number (SSN), opening a US bank account, or becoming an authorized user on someone else's account.

Some international student credit cards offer a 0% intro APR on purchases. This means that your purchases won't accrue interest during the introductory period as long as you make at least the minimum monthly payments. After the intro period, the standard APR will apply to your card balance and any additional purchases. While the intro APR feature can save you money if you have to make a large purchase, it's still best to pay your credit card bill in full each month to save you money on interest and help you establish a positive credit history.

• The Amex Blue Cash Preferred offers one of the highest cash-back rates available for purchases in common spending categories, with a low annual fee. It has a 0% intro APR on purchases and qualifying balance transfers for the first 21 months, after which the standard APR applies.
• The Wells Fargo Reflect card has a 0% intro APR on purchases and qualifying balance transfers for 18 to 21 months.
• The Bank of America Customized Cash Rewards card lets you customize how you earn rewards by choosing a 3% cash-back category once per calendar month. It has a 0% intro APR on purchases and balance transfers made within 60 days of account opening for the first 15 billing cycles, after which the standard APR applies.
• The Capital One Savor Student Cash Rewards card is a good option for college students who want to build credit and earn cash rewards.

When applying for a credit card as an international student, you may need different application materials, including your student visa, ITIN, and unexpired identification. You will also need to prove yourself as creditworthy by providing a source of income.

Good luck with your credit card search!

Frequently asked questions