Top 5 Credit Cards for Foreign Students in USA
We covered several blog posts about credit cards and link between credit cards and credit history.
If you missed those posts, here is links them
Lets looks are some of the top credit cards available for foreign students in USA.
Top Student Credit Cards in USA
- Discover Student Open Road Card
- Discover Student More Card
- Bank of America (University Alumni Credit Cards)
- Citi Dividend Platinum Select Visa card for College Students
- Citi Platinum Select MasterCard for College Students
- Local Credit Union Credit Cards
Why Student Credit Cards
- Foreign students will not have credit history.
- For foreign students in USA, credit card is the easiest way to build your credit history.
- Student credit cards will have less income and credit history requirements to get approval.
You can also consider getting pre-paid student credit cards. Once you have built sufficient payment history, you can apply for regular student credit cards.
One should always start with the bank in which you already have checking account. First time while applying, it is advisable to walk to your bank and speak with customer representative there. You will be able to open your first credit card with smaller limits like 500 dollars or 1000 dollars. after few months when you have developed your credit history- look here at this website
http://www.creditcards.com/
You can refer your friends for bank accounts as well as credit cards for which you get credits.
You can also consider capital one. They have 2 cards – One focused for students (Cap1 Journey) and the other focused for someone new to USA (Cap1 Newcomers). http://www.capitalone.com/creditcards/newcomer-credit-card/
Well, I applied for the Capital One Newcomers Credit Card and got denied.
Reason: Lack of credit history!!!