International students
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Best Credit Cards for International Students of November 2022

There is a wide range of credit cards available on the market. Without a doubt, each student credit card can offer its own benefits, such as cash back or bonus miles. At the same time, cards have certain features that can become disadvantages upon closer examination. If you want to find the card that will serve your needs in the best way, we will do our best to help you! Let’s consider some of the cards you can apply for.

By Myfin Team
Reviewed by Anastasia Staples
Updated November 29, 2022

Best Credit Cards for International students in November 2022

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Capital One Quicksilver Student Cash Rewards Credit Card best for International students

Quicksilver Student Cash Rewards Capital One
Annual fee:
$0
Regular APR:
17.99% - 27.99% Variable
Our Rating:
3.52
scorer
Credit score
No Credit History
  • Rewards Rate:
    • 1.5% Cash Back on every purchase.
  • Intro Offer:
    • $100 Cash bonus once you spend $100 on purchases within 3 months from account opening.
  • Balance Transfer APR:
    17.99% - 27.99% Variable
  • Issuer name:
    Capital One
  • Details:

    The Capital One Quicksilver Student Cash Rewards credit card is designed exclusively for students. It builds your credit history if you use it responsibly, offers excellent benefits, unlimited cash back, travel accident insurance, and more.

  • Pros:
    • No annual charges: The credit card has a $0 annual fee.
    • No foreign transaction fees: You won't pay foreign transaction fees when outside the USA, so you don't have to switch between cards.
    • Unlimited cash back: This student credit card allows you to earn 1.5% unlimited cash back on all purchases, redeemable either as statement credits or as a check to deposit into your savings account.
    • Fraud liability: $0 fraud liability if you lose the card or it is stolen.
    • A higher credit line in six months: Capital One will automatically consider you for a higher credit line in six months.
  • Cons:
    • High APR: The card’s APR is 17.99% - 27.99%.
  • Benefits:
    • $100 bonus (once you spend $100 on purchases within 3 months from account opening);
    • 1.5% Cash Back on every purchase;
    • Fraud Liability;
    • Extended Warranty;
    • Travel Accident Insurance;
    • Capital One Shopping;
    • Complimentary Concierge Service;
    • 24-hour Travel Assistance Services.
View all Quicksilver Student Cash Rewards details
Apply now
On Capital One‘s site
Card detail

Journey Student Rewards from Capital One best for Without SSN

Capital One Journey Student
Annual fee:
$0
Regular APR:
28.49% Variable
Our Rating:
3.79
scorer
Credit score
Fair (580-669)
  • Rewards Rate:
    • 1% Cash Back on all your purchases. Pay on time to boost your Cash Back to a total of 1.25% for that month.
  • Balance Transfer APR:
    28.49% Variable
  • Issuer name:
    Capital One
  • Details:

    The Capital One Journey Student Credit Card charges no foreign transaction fees or annual fees. The best thing is that this student credit card only requires an ITIN (Individual Taxpayer Identification Number), which most foreign students can obtain.

  • Pros:
    • No annual fees: The credit card has a $0 annual fee. You benefit by saving on card maintenance.
    • No foreign transaction fees: You won't pay foreign transaction fees while outside the USA — for example, if you go home for the summer.
    • No SNN: No Social Security Number required, only ITIN.
    • Cash rewards: You can earn 1% cash back on all purchases, boosted to 1.25% when you make on-time payments. You can set automatic payments to make sure you pay on time.
    • Credit line increases in six months: Capital One will automatically consider you for a credit limit increase in six months, opening up even more possibilities for you.
    • Card lock: If your credit card is lost or stolen, it is easy to lock it with a few taps.
  • Cons:
    • No sign-up bonus: The credit card doesn't come with a sign-up bonus.
    • High APR: The Annual Percentage Rate (APR) for purchases, transfers, and cash advances is 28.49%.
    • Cash advance fees: 3% or $10 will be charged for each cash advance.
  • Benefits:
    • 1% Cash Back on every purchase;
    • 1.25% extra Cash Back;
    • No Foreign Transaction Fees;
    • ATM Location Services;
    • Emergency Card Replacement;
    • Travel rewards cards;
    • Fraud Coverage.
View all Journey Student Credit Card details
Apply now
On Capital One‘s site
Card detail

Capital One SavorOne Student Cash Rewards Credit Card best for International students

SavorOne Student Cash Rewards Capital One
Annual fee:
$0
Regular APR:
17.99% - 27.99% Variable
Our Rating:
3.96
scorer
Credit score
No Credit History
  • Rewards Rate:
    • 3% Cash Back on dining, entertainment, popular streaming services & at grocery stores (excluding superstores like Walmart® and Target®).
    • 1% Cash Back on all other purchases.
  • Intro Offer:
    • $100 Cash bonus once you spend $100 on purchases within 3 months from account opening.
  • Balance Transfer APR:
    17.99% - 27.99% Variable
  • Issuer name:
    Capital One
  • Details:

    The Capital One SavorOne Student Cash Rewards credit card is an attractive option for college students fond of going out and having a good time. It doesn't feature a welcome bonus. Still, there are other benefits.

  • Pros:
    • No annual fee: This student credit card has a $0 annual fee.
    • No foreign transaction fees: You won't pay foreign transaction fees while visiting countries outside of the United States.
    • Excellent cash back categories: The credit card offers 3% cash back on entertainment, popular streaming services, dining, and at grocery stores, and 1% on other purchases. Moreover, you can earn 8% cash back on tickets at Vivid Seats through January 2023.
    • Fraud liability: $0 fraud liability if you lose the card or it is stolen.
  • Cons:
    • High APR: The card comes with an APR of 17.99% - 27.99%.
    • No welcome bonus: The credit card provides no welcome bonus.
  • Benefits:
    • $100 Cash bonus (once you spend $100 on purchases within 3 months from account opening);
    • 3% Cash Back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®);
    • 1% Cash Back on all other purchases;
    • Fraud Liability;
    • Extended Warranty;
    • Travel Accident Insurance;
    • Complimentary Concierge Service;
    • 24-hour Travel Assistance Services.
View all SavorOne Student Cash Rewards details
Apply now
On Capital One‘s site
Card detail

Capital One Platinum Secured Credit Card best for Single mom, Without SSN

Secured Mastercard® Capital One
Annual fee:
$0
Regular APR:
28.49% Variable
Our Rating:
2.44
scorer
Credit score
No Credit History to Poor (0-579)
  • Balance Transfer APR:
    28.49% Variable
  • Issuer name:
    Capital One
  • Details:

    The Capital One Platinum Platinum Secured Mastercard® is designed to help you build credit with responsible use. By offering the possibility of increasing your credit limit, this no-annual fee card can help you grow credit even faster. Students can apply for this card with little to no risk of damaging their credit score in case of refusal as it’s designed for consumers rebuilding their credit.

  • Pros:
    • Easy to qualify: You can apply for this card with bad credit or no credit history at all.
    • No SSN: An ITIN is accepted.
    • Light on fees: No foreign transaction fees, annual fees, or balance transfer fees. You can manage your card without any surprises.
    • Credit builder: The card can help you rebuild or build credit.
  • Cons:
    • High APR: The card’s APR is 28.49%.
    • No rewards program: The Capital One Platinum Platinum Secured Mastercard® doesn't provide rewards.
    • Security deposit: It requires a refundable security deposit.
  • Benefits:
    • $0 Fraud Liability;
    • Refundable Deposit;
    • Capital One CreditWise;
    • Eno®, your Capital One assistant;
    • Virtual Card Numbers from Eno;
    • Emergency Card Replacement;
    • ATM Location Services;
    • MasterRental Coverage;
    • 24/7 Customer Service.
View all Platinum Secured Mastercard® details
Apply now
On Capital One‘s site
Card detail

WebBank Petal® 2 “Cash Back, No Fees” Visa® best for Beginner, No history

Petal® 2 “Cash Back, No Fees” Visa® WebBank
Annual fee:
$0
Regular APR:
15.99% - 29.99% Variable
Our Rating:
3.8
scorer
Credit score
No Credit History to Excellent (0-799)
  • Rewards Rate:
    • 1% - 1.5%:
    • Cash Back after making 12 on-time monthly payments.
    • 2% - 10%:
    • Cash Back from select merchants.
  • Issuer name:
    WebBank
  • Details:

    The Petal® 2 “Cash Back, No Fees” Visa® credit card is considered one of the best cards for international students with no credit history. It also has no fees and is intended to help you with building credit while earning cash back, which makes the card a great starter product.

  • Pros:
    • No credit score required: You don't need a credit score to qualify. This is an indispensable feature if you are new to the country.
    • No fees: The card doesn't charge any fees (no foreign transaction fees, return payment fees, annual fees). This makes it easier to keep track of your finances without worrying about hidden costs.
    • Cash back: 1% cash back on eligible purchases (increasing to 1.5% when you make 12 on-time payments). The card also allows you to earn 2 to 10% cash back at select merchants.
    • Safe and secure: You can freeze your credit card anytime, which will help you protect your account.
  • Cons:
    • No welcome bonus: The credit card does not provide any welcome bonuses.
  • Benefits:
    • No foreign transaction fee;
    • Petal 2 reports to all 3 major credit bureaus;
    • Qualify with average credit.
View all Petal® 2 “Cash Back, No Fees” Visa® details
Apply now
On WebBank‘s site
Card detail

Celtic Bank Indigo® Mastercard® best for Unsecured

Indigo® Mastercard® Celtic Bank
Annual fee:
$0 - $99 annually
Regular APR:
24.9%
Our Rating:
3.7
scorer
Credit score
No Credit History to Fair (0-669)
    • Issuer name:
      Celtic Bank
    • Details:

      The Indigo® Mastercard® credit card provides a good option for those who have bad credit or no credit history.

      The Indigo® Mastercard® reports to all three major credit bureaus: TransUnion, Equifax and Experian.

      The Indigo® Mastercard® has a high APR of 24.9%.

      During the first year, you can experience a 0% fee on cash advances. After this grace period expires, you will be charged $5 or 5% of each transaction amount.

      When it comes to foreign transaction fees, you will incur a 1% fee for every transaction, no matter the currency used in the purchase.

      Unfortunately, the Indigo credit card does not have any sign-up bonus or welcome offer. It also does not offer any rewards or cash back programs.

      Read full review

    • Pros:
      • No security deposit
      • Quick and easy to apply
      • Pre-qualification
      • Fraud protection
      • Has Mastercard ID Theft Protection
    • Cons:
      • Low credit limit
      • No rewards or one-time offers
      • Foreign transaction fee
    • Benefits:
      • A low foreign transaction fee of 1 percent;
      • Choice of Card Image;
      • Fraud Protection;
      • 24/7 Account Access;
      • Extended warranty coverage.
    View all Indigo® Mastercard® details
    Apply now
    On Celtic Bank‘s site
    Card detail

    Celtic Bank Deserve EDU best for Cash Back, Without SSN, Student

    Deserve EDU Celtic Bank
    Annual fee:
    $0
    Regular APR:
    22.49% Variable
    Our Rating:
    3.5
    scorer
    Credit score
    No Credit History to Excellent (0-799)
    • Rewards Rate:
      • 1% Cash Back on all purchases with your Deserve EDU Mastercard. Once approved, you'll automatically start earning Cash Back on all purchases.
    • Issuer name:
      Celtic Bank
    • Details:

      The Deserve EDU is one of the best credit cards for students studying abroad. You don’t have to provide a social security number to apply for this card. This is especially beneficial for international students and those with no credit history.

      In addition, this card allows you to automatically start earning cash back on all your purchases through its cash back program. These and other features of the card are listed in the table below.

    • Pros:
      • No annual fees: This student credit card has no annual fee, which helps save money.
      • Cell phone protection: Cardholders get cell phone protection of up to $600 in case something happens to their device (for example, breakage or theft).
      • Free year of Amazon Prime Student membership: This is a great perk for any student who shops online as the card offers a year of free Amazon Prime Student membership for spending $500 or more within the first three billing cycles.
      • No SSN requirement: The Deserve EDU is available to international students in the USA without an SSN (Social Security Number).
    • Cons:
      • Low cash back rate: The credit card only allows students to earn 1% cash back.
    • Benefits:
      • Cellphone Protection;
      • Collision Damage Waiver;
      • Concierge Service;
      • No International Transaction Fees;
      • Priority Pass™ Membership;
      • Mastercard Benefits;
      • No Social Security Number required for international students to apply.
    View all Deserve EDU details
    Apply now
    On Celtic Bank‘s site
    Card detail

    WebBank Petal® 1 "No Annual Fee" Visa® best for For bad credit

    Petal® 1 "No Annual Fee" Visa® WebBank
    Annual fee:
    $0
    Regular APR:
    22.99% - 32.49% Variable
    Our Rating:
    4.34
    scorer
    Credit score
    No Credit History to Good (0-739)
    • Rewards Rate:
      • 2% - 10%:
      • Cash Back at select merchants.
    • Issuer name:
      WebBank
    • Details:

      The Petal® 1 "No Annual Fee" Visa® Card earns 2% - 10% Cash Back from select merchants.

      The Petal® 1 Card has no annual fee. The card's APR for purchases: 22.99% to 32.49% (Variable).

      The Petal® 1 "No Annual Fee" Visa® Card does not charge an annual fee or fee for foreign transactions.

      Read full review

    • Pros:
      • No Annual Fee
      • No Foreign Transaction Fee
    • Cons:
      • No welcome bonus
      • No intro APR period
    • Benefits:
      • 2 - 10% Cash Back;
      • Zero liability fraud protection;
      • $300 - $5,000 credit limits.
    View all Petal® 1 "No Annual Fee" Visa® details
    Apply now
    On WebBank‘s site
    Card detail

    Chase Freedom® Student best for First time applicants

    Freedom® Student Chase
    Annual fee:
    $0
    Regular APR:
    17.24% Variable
    Our Rating:
    4.06
    scorer
    Credit score
    Good to Excellent (670-799)
    • Rewards Rate:
      • 1% Cash Back on all purchases.
    • Intro Offer:
      • $50 Bonus after first purchase made within the first 3 months from account opening.
    • Balance Transfer APR:
      17.24% Variable
    • Issuer name:
      Chase
    • Details:

      The Chase Freedom® Student credit card can help international students in the USA start to build their credit, develop personal finance skills, and establish responsible card habits with fixed rewards.

      In addition, the card offers generous bonuses, the possibility of increasing the credit limit with responsible use, and a cash back program.

      Partner benefits for this card are also quite interesting: Students who use the Chase Freedom® Student credit card will receive special offers fromDoorDash and Lyft.

    • Pros:
      • No annual fees: The annual credit card service is free, so you won’t be charged an annual fees.
      • Fraud liability: $0 fraud liability if you lose the card or if it is stolen.
      • Attractive bonuses: You will get 2,000 points (which you can redeem for $20) each year if your account is in good standing. You will also get a $50 statement credit if you make a purchase within the first three billing cycles.
      • Simple cash back program: You get 1% cash back on all purchases.
      • Credit line increase: If you make five monthly payments on time within 10 months from account opening, your credit line may be automatically increased.
    • Cons:
      • Foreign transaction fee: If you travel outside of the USA, consider the 3% foreign transaction fee.
    • Benefits:
      • $50 Intro Bonus;
      • $20 Good Standing Rewards;
      • 1% Cash Back on all purchases;
      • Zero Liability Protection;
      • Extended Warranty Protection;
      • Gift cards;
      • Trip Cancellation/Interruption Insurance.
    Card detail
    Celtic Bank NJIT PRO
    Annual fee:
    $0
    Regular APR:
    18.24% - 25.24% Variable
    Our Rating:
    3.46
    scorer
    Credit score
    Fair to Good (580-739)
    • Rewards Rate:
      • 3% Cash Back on travel.
      • 2% Cash Back on restaurants.
      • 1% Cash Back on all other purchases.
    • Issuer name:
      Celtic Bank
    • Details:

      The NJIT PRO Credit Card is a co-branded card from Deserve and Celtic Bank.

      The Card earns 3% Cash Back on travel, 2% Cash Back on restaurants and 1% Cash Back on all other purchases.

      The NJIT PRO Card doesn't charge an annual fee.

      The APR for purchases is 18.24% - 25.24% Variable.

    • Pros:
      • No Annual Fee
      • No Foreign Transaction Fee
    • Cons:
      • Balance transfers and cash advances are not available
    • Benefits:
      • 3% Cash Back on travel;
      • 2% Cash Back on restaurants;
      • 1% Cash Back on all other purchases;
      • Cellphone Protection up to $600;
      • Mastercard ID Theft Protection™;
      • Mastercard Airport Concierge™;
      • Mastercard Global Service.
    Card detail

    Short Review of Best Credit Cards for International Students

    NameBest forRewards RateAPRApply
    Capital One Quicksilver Student Cash Rewards Credit Card
    3.52
    International students
  • 1.5% Cash Back on every purchase.
  • 17.99% - 27.99% VariableApply now
    On Capital One‘s site
    Journey Student Rewards from Capital One
    3.79
    Without SSN
  • 1% Cash Back on all your purchases. Pay on time to boost your Cash Back to a total of 1.25% for that month.
  • 28.49% VariableApply now
    On Capital One‘s site
    Capital One SavorOne Student Cash Rewards Credit Card
    3.96
    International students
  • 3% Cash Back on dining, entertainment, popular streaming services & at grocery stores (excluding superstores like Walmart® and Target®).
  • 1% Cash Back on all other purchases.
  • 17.99% - 27.99% VariableApply now
    On Capital One‘s site
    Capital One Platinum Secured Credit Card
    2.44
    Single mom, Without SSN
  • This card doesn't offer cash back, miles or points.
  • 28.49% VariableApply now
    On Capital One‘s site
    WebBank Petal® 2 “Cash Back, No Fees” Visa®
    3.8
    Beginner, No history
  • 1% - 1.5%:
  • Cash Back after making 12 on-time monthly payments.
  • 2% - 10%:
  • Cash Back from select merchants.
  • 15.99% - 29.99% VariableApply now
    On WebBank‘s site
    Celtic Bank Indigo® Mastercard®
    3.7
    Unsecured
  • This card doesn't offer cash back, miles or points.
  • 24.9%Apply now
    On Celtic Bank‘s site
    Celtic Bank Deserve EDU
    3.5
    Cash Back, Without SSN, Student
  • 1% Cash Back on all purchases with your Deserve EDU Mastercard. Once approved, you'll automatically start earning Cash Back on all purchases.
  • 22.49% VariableApply now
    On Celtic Bank‘s site
    WebBank Petal® 1 "No Annual Fee" Visa®
    4.34
    For bad credit
  • 2% - 10%:
  • Cash Back at select merchants.
  • 22.99% - 32.49% VariableApply now
    On WebBank‘s site
    Chase Freedom® Student
    4.06
    First time applicants
  • 1% Cash Back on all purchases.
  • 17.24% VariableLearn more

    Who should apply

    Capital One Quicksilver Student Cash Rewards Credit Card

    This credit card may be a great option for you if you are a foreign student who plans to use this card outside the United States, not only within the country. It also provides valuable coverage for those who value various types of protection,from accidents to card fraud.

    Read more about Capital One Quicksilver Student Cash Rewards Credit Card

    Journey Student Rewards from Capital One

    This card will suit you if you are a college student who wants to build a credit history and needs an uncomplicated cash back card.

    Read more about Journey Student Rewards from Capital One

    Capital One SavorOne Student Cash Rewards Credit Card

    This card was created by one of the leaders in the credit card industry. It’s an excellent choice for foreign students who want to spend their money wisely and earn rewards. If you value decent cash back, this card might be the best choice for you.

    Read more about Capital One SavorOne Student Cash Rewards Credit Card

    Capital One Platinum Secured Credit Card

    It is the best credit card for immigrants, those on a student visa, and residents with poor credit. If you need simplicity in getting a card, then the Capital One Platinum Platinum Secured Mastercard® can be a good choice. In addition, if you do not want to risk your application being rejected, this card offers the ability to check if you are pre-approved without any impact to your credit.

    Read more about Capital One Platinum Secured Credit Card

    WebBank Petal® 2 “Cash Back, No Fees” Visa®

    This credit card is most suitable for brand-new customers as it can help them build their credit histories. In addition, the card is perfect for those who have little or no experience in dealing with such a financial product — everything is extremely clear and simple.

    Read more about WebBank Petal® 2 “Cash Back, No Fees” Visa®

    Celtic Bank Deserve EDU

    The Deserve EDU is aimed at college students because they typically don't have a credit history or have low credit scores.

    Read more about Celtic Bank Deserve EDU

    Chase Freedom® Student

    This credit card is best for college students who don't want to worry about activating or keeping track of spending categories but want to earn rewards. Because of the foreign transaction fees, this card will most suit people who aren’t planning to travel outside the USA often or those who want to continue to use their local cards when traveling home. In addition, if you make minimum payments on time, the Chase Freedom® Student card may offer an increase in the credit limit as a reward for responsible use.

    Read more about Chase Freedom® Student

    Best Credit Cards for International Students

    If you are a student studying abroad, you may have many pressing questions related to finances. Of course, it is still too early for you to engage in far-reaching plans, such as buying an apartment or a car. However, having a student credit card can open up a lot of opportunities for you in your daily life.

    How limited are your options in obtaining such a card? What is the role of credit history? Why do you need a student credit card, and how should you choose the right one? Read on to get all the information you need.

    How to Choose the Best Credit Card If You're an International Student

    Choosing the best credit card if you are a student studying abroad may be tricky. First of all, you will have to acquaint yourself with the requirements prescribed by the company that issues the card. Examine these requirements thoroughly and carefully because they can differ. You should keep a few things in mind: the type of credit card, interest and fees, paperwork and documentation, and security deposit requirements.

    To summarize, here’s what you should keep in mind:

    • Do you have SSN or ITIN? Some banks issue a card without requiring you to provide an SSN — your ITIN is enough. For example, foreign students without an SSN will still be able to apply for the Capital One Platinum Platinum Secured Mastercard®.
    • Are you an international student in the US, or are you a resident traveling outside the United States to study? If you are not a resident, you should pay attention to cards that do not require a credit history. Some of such cards on our list include the Deserve EDU, the Capital One Journey Student Credit Card, and the Petal® 2 “Cash Back, No Fees” Visa®.
    • Are you interested in receiving rewards for using the card? If the answer is “yes,” cards like Discover it® Student Cash Back and the Freedom® Student offer decent cash back programs and other bonuses.

    Do I Really Need a Credit Card If I'm an International Student

    Many foreign students have long-term plans for their lives in the USA and want to stay there after they graduate. Having a credit card may be a smart step for your future because it will be essential to have a positive credit history to make significant financial decisions going forward, such as buying a home or a car.

    If you don't have such plans, it can still be a good idea to apply for a credit card. It is a good option for a foreign student who doesn't plan to stay in the USA for a long time but wants to move some expenses to credit or earn attractive rewards for their spending.

    However, it is worth saying there may be situations where a credit card may not be the best choice for you. For example, if you came to study for a short time and do not want to deal with the application process, it may not make sense for you to apply for a credit card.

    Why Is It Challenging for International Students in the USA to Get a Credit Card

    There are several reasons why international college students may have difficulty obtaining a card:

    1. International students in the USA may face difficulties in applying and getting approved because most credit issuers require a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
    2. Another challenge you may face is not having a checking or savings account in the USA. Before getting a card, you should open one. It will make it easier to manage your money and keep track of what you owe.
    3. The lack of credit history is also something most newcomers face. Fortunately, there are banks that issue credit cards to people with no credit history or even with bad credit.

    How Do I Get a Credit Card as a Foreign Student

    If you have an SSN or ITIN, you can apply for most credit cards. This is a simple process that includes a few easy steps. Please note that your income, credit history, assets, and other factors will be used to evaluate your application.

    However, if you don't have an SSN or ITIN, you still have options. Some credit card issuers offer cards for foreign students; all that is required is your passport. Your chances of approval will increase if you apply for a secured card.

    How Can I Make the Most of International Student Credit Cards

    First of all, when choosing the right credit card, it is necessary to acquaint yourself with the options that meet your needs.

    icon-info

    The best way to get the most out of a credit card is to earn rewards and maximize them. Rewards available to international student in the U.S. predominantly come in the form of cash back. The more you spend, the more cash back you get.

    Immediately paying off your credit card billin full allows you to avoid interest charges. If you don't pay off the balance monthly, the interest you pay will absorb all the rewards.

    It is best to pay all your bills on time, so you don’t fall into a debt trap, pay a considerable amount of money, and hurt your credit.

    What Happens to My U.S. Credit Card If I Move Out of the USA

    If you genuinely don't have long-term plans for the USA, you will still be able to use it in the country you are leaving for. The main advice is to maintain a credit card with no international transaction fees but with travel rewards.

    Besides, make sure that you make on-time payments (to leave without any debt) and check if your card is accepted in the country you are moving to. Visa® and Mastercard® are the most widely accepted credit cards.

    Conclusion

    There are many reasons why an international student should apply for a credit card. As a rule, student credit cards usually have a $0 annual fee and lower income requirements, making them the best option for students studying abroad.

    icon-notificationWith proper management, credit cards for international students in the USA are a great way to create a credit history. Having a positive credit history improves your credit score, makes it easier to get approved for loans, and enhances the quality of credit cards you can qualify for.

    A number of credit cards are targeted toward international students in the USA and have a system of bonuses. These often include cash back on everyday purchases,such as with the Discover it® Student Cash Back program, which earns 5% in rotating categories that require activation (up to $1,500 in combined spending per quarter, then 1%). Some also include a welcome bonus, such as extra points or increased cash back for a limited time.

    The best cards for international students do not require an SSN. Plus, some banks provide an opportunity to check if you’re preapproved for a card without danger to your credit history.

    FAQ

    Сan International Students Get a Credit Card in the USA?

    Yes, international students can get a credit card in the USA. But the process can be a little tricky.
    When credit card issuers evaluate applications, they check a credit report as they need to consider the applicant’s borrowing history. If you don't have a U.S. credit report and credit score, it will be more complicated for issuers to determine if you meet the requirements.
    However, a number of card issuers allow you to apply without any history. You should check specific requirements for international students with each individual credit card issuer.

    Can I Get a Credit Card Without a Social Security Number?

    If an international student can't get an SSN, it is still possible to get a student credit card. You can request an ITIN as several credit cards allow applicants to use it.

    Will International Students Have to Use a Secured Credit Card?

    International students don’t have to use a secured credit cardHowever, this is one of the best options for establishing a credit history in the USA. If a student shows responsibility in credit use with time, it can help with getting access to higher credit lines and unsecured credit cards.
    Secured cards are similar to traditional cards, but you need to pay a security deposit at the time of the application. By doing this, the issuer gets a collateral to use in case you fail to repay your debt. Commonly, the deposit is refundable.

    What Is an Acceptable Credit Card Interest Rate for International Students?

    The answer to this question depends on many factors. However, the average interest rate for student cards ranges between 17% and 20%, based on reports from various sources.
    Sometimes the interest rate is not the main factor when it comes to using a credit card, especially when you have few card options due to your credit. Either way, you should do your research and compare credit cards first. Then, make sure you pay your card balances in full to avoid paying any interest at all.
    Myfin TeamMyfin Team

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