![]() ![]() If you make your payments on time, you can get a regular, unsecured credit card after a year. Whatever amount you deposit remains in the bank account and becomes your monthly credit limit. To get a secured credit card, you'll need to deposit between $200 USD and $1,000 USD. Some banks let you invest the security deposit in financial products to maximize its interest. It helps you build a credit history and establish a positive credit score. Secured credit cardĪ secured credit card requires a security deposit. The downside of prepaid credit cards is they don't build your credit history or affect your credit score. Your balance never expires, and you only need to pay a set-up fee and load money to the card to get started. You can easily track your money online and top up when money runs low-at a fee. You can even pay in cash if you buy the card in person.Ī prepaid credit card is a low-risk credit card because you can’t overspend, miss payments, or accrue interest. You can get a prepaid credit card without a bank account, credit history, or a minimum deposit. However, they all fall into these three categories. There are many credit cards available to expats in the US, all with different fees and functionalities. A good credit history can help you get approved for an unsecured credit card. An ITIN is issued by the IRS to people who don't qualify for an SSN but need to file US federal income tax returns. If you don't qualify for a Social Security number, you can apply for an ITIN (Individual Taxpayer Identification Number) and use it instead. It’s almost impossible to get a credit card without a Social Security number (SSN). If you're 18 years, you can only get a credit card if you have a verifiable source of income or your parents’ permission. Most card issuers will ask about your estimated monthly income to verify your ability to repay and to determine the credit card limit.īe at least 21 years old. To get a credit card as an expat in the US, you need to: This information helps the card issuer to determine your disposable income, and as a result, your credit limit. During the application process, you’ll need to provide your: The first thing you should do before applying for a credit card is to find the best one for your needs. However, they can help you build your credit history, which will allow you to switch to a different card later on. ![]() It’s worth mentioning that credit cards with lenient application requirements usually have higher interest rates and fees. But the good news is some card issuers -like American Express-allow expats from selected countries to use their international credit history. It can be challenging to get a credit card as an expat because you have no credit history in the US. Many credit card applications are straightforward, and typically take approximately 3-4 weeks to get approved. However, you do need to meet the minimum financial requirements, which will differ based on which card you apply for. You don't have to be a US citizen to get a credit card. What to know about getting a credit card in the US This post covers the best credit cards for expats in the US, and how to go about getting one. ![]() There’s no one-size-fits-all credit card, so it’s important to choose wisely. Most companies give credit cards to permanent US residents or people with a Social Security number (SSN), but there are a few that issue credit cards to non-citizens. Getting a new credit card may be necessary when you move to the US, but it can be trickier to get a credit card when you’re new to the country. Some credit cards have reward programs and reward users for every dollar they spend. It offers a line of credit you can use to make purchases and balance transfers and cash advances. A credit card can help you to easily track expenses and manage your monthly cash flow. The benefits of having your own credit card are clear. ![]()
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