Best Credit Cards for International Students in the USA
Building a credit history is very important for any international student, who is planning to stay after college or work for a long period of time in the USA. You have to start thinking about your credit score immediately after being accepted to college or university. It doesn’t matter whether you’re going to stay in LA, New York, or Chicago.
Why do actually a foreign student might need a credit history and which credit card is the best choice for it? Let’s find out.
Why Do You Need a Credit Card?
Having a credit card in the US is important not only for a local but also for any international student, who’s going to live in the country for a significant period of time. A credit card gives you a lot of bonuses, which are not even an additional but an essential element of life for many people. For example, a plastic card makes buying a car and renting an apartment a lot easier. If you want to get things like a mortgage or a personal loan, you’ll also need a card. Credit score matters in America. But how to build it if you’ve never lived here before and never worked with any of the American banks?
To get a good score you have to start somewhere. For example, you can start paying for grocery, clothes, and appliances with your new credit card. Luckily, you have a lot of choices when it comes to choosing a credit card for you as a foreigner in the US. You just need to find a company that offers terms and conditions, which you might be a good fit for.
We’ve prepared a list of most popular credit cards among international students in America, which might make sense for you too.
Credit Card Options for International Students
As we have already mentioned before, buying a property or getting a car in the US is almost impossible without having a good score on a card, especially for foreigners who graduated the American colleges or universities. To make your living in the country more comfortable, you just need to have a card. It is pretty important.
If you haven’t decided yet which one to choose among hundreds of similar ones out there, check the list, we’ve prepared.
- Discover it Chrome Card with no annual fee, cash back on restaurants and gas stations;
- Bank of America Cash Rewards Card with no annual fee, every purchase cashback service, and additional bonus when spending over 500$ during the first couple of months;
- Citi ThankYou Preferred with no annual fee and bonuses after spending over 500$;
- SelfScore MasterCard is quite a loyal credit card, which is not so hard to receive as a foreigner. The company checks only for student’s acceptance to college/university, passport, visa, and ability to pay.
Remember that with the development of e-commerce, having a credit card becomes even more important that it has ever been before. Using a card and a smartphone, you can order food and buy any kind of stuff a lot easier.
Hopefully, one of these credit cards will help you to have one of the best college experiences that you ever had. Pick a card, build a score to start your way to a better living. Manage your money wisely.