Credit card is a financial instrument issued by a financial institution, such as a bank or credit card company. Credit cards offer a form of short-term credit, usually in the form of an interest-free loan if the balance is repaid in full by the payment due date.
A student credit card is a credit card specifically designed for students who are often new to the world of finance and usually have little or no credit history. These cards offer benefits and features tailored to the needs of students, while helping them build a good credit rating.
It is important to note that even with a student credit card, it is essential to use it responsibly. This means paying off balances on time, not spending beyond your means and avoiding high interest charges by making full repayments each month.
In this article we have selected for you the best banks that offer credit card benefits for foreign students living in the US in 2023
top 10 of credit card in usa for international students 2023
Rewards and Fees:
Get a 1% cash back on every purchase you make. By making timely payments, you can increase your cash back to a total of 1.25% for the month. Enjoy a 5% cash back when you book hotels and rental cars through Capital One. No annual fee is applicable. The variable APR for purchases and balance transfers is 29.74%.
Rewards and Fees:
Enjoy a 0% introductory APR on purchases and balance transfers for 15 months. Receive 20,000 bonus points when you spend $1,500 within the first 3 months of opening your account. No annual fee applies. A 3% fee is charged for each balance transfer transaction. Every purchase is rounded up to the nearest 10 points.
Benefits and Fees:
Get a 5% Cashback Bonus when you dine at restaurants and shop at wholesale clubs.
Unlimited cashback matching: We’ll match all the cash back you earn in your first year, so you can double your rewards. For example, if you earn $50 cash back, we’ll turn it into $100. There are no limits or minimum spending requirements—just a one-to-one match.
No annual fee. Enjoy a 0% introductory APR for 6 months from the day you open your account. After the introductory period, your APR will range from 17.49% to 26.49%. A 3% balance transfer fee applies to each transaction.
Rewards and Fees:
Earning Rewards: You will receive 1.5 points for every $1 you spend on all purchases, regardless of the location or time.
Introductory APR: Enjoy a 0% annual percentage rate for the first 18 billing cycles.
No Limitations or Expiry: There are no blackout dates or restrictions, and your reward points will never expire.
Standard APR Range: The regular annual percentage rate ranges from 17.49% to 27.49%. No Annual Fee: There is no fee charged annually.
Balance Transfer Fee: A 3% fee will be applied to each transaction for balance transfers.
Benefits and fees:
Cashback rate: Earn 1 percent cash back on every purchase. Sign-up bonus: Get reimbursed up to $59 for an Amazon Prime Student subscription after spending $500 within the first three months of having the card. Annual fee: No annual fee. Introductory APR for purchases: Not applicable. Standard variable APR: 22.99 percent.
Q: What is the minimum score required to obtain a credit card as an international student in the US? A: What is the minimum score required to obtain a credit card as an international student in the US?
A: Some credit cards require a minimum score of about 650, while others do not require a score at all. The Capital One Journey Student Rewards card is a great option for international students who are just beginning to build their credit history in the U.S., as it does not require a minimum credit score.
Q: Do I need a national insurance number to apply for a credit card as an international student?
A: Do I need a national insurance number to apply for a credit card as an international student?
A: No, you do not need a national insurance number to apply for a credit card. Some cards, such as the Deserve Edu Mastercard, are specifically designed for international students and do not require a national insurance number. However, some credit cards may require an Individual Taxpayer Identification Number (ITIN).
Q: How can I avoid foreign transaction fees when using my credit card abroad?
A: How can I avoid foreign transaction fees when using a credit card?
A: To avoid foreign transaction fees, look for a credit card that does not charge fees in these situations. Bank of America’s Travel Rewards for Students card, the Discover it Student Cash Back card, and the Citi Rewards+ Student card are examples of credit cards with no foreign transaction fees. Using a no foreign transaction fee credit card can save you money when shopping abroad.
Q: What should I look for in a credit card as an international student? A: What should I look for when choosing a credit card as an international student?
A: When comparing credit cards, look for features such as no foreign transaction fees, easy approval without a social security number, and rewards programs that fit your spending habits. In addition, consider a card with benefits such as fraud coverage and 24/7 customer service.
Q: How do I build a credit history as an international student with a credit card?
A: How do I build a credit history as an international student using a credit card?
A: To build your credit history, make sure you use your credit card responsibly by making payments on time and keeping your balance low. Also, avoid opening too many credit card accounts at once.