International students studying in the United States often face challenges when it comes to managing their finances. One of the most significant challenges is obtaining a credit card that meets their unique needs. With so many options available, it can be challenging to determine which credit card is the best fit. This article aims to provide a comprehensive guide to the top 10 credit cards in the USA for international students, based on factors such as rewards, fees, and ease of approval.
By considering factors such as fees, rewards, and approval requirements, international students can make an informed decision and choose the credit card that best fits their needs.
The following section will provide an overview of the top 10 credit cards in the USA for international students, based on these factors.
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ToggleImportance of Credit Cards for International Students
International students who are studying in the United States need to have a reliable and convenient way to make purchases and pay bills. This is where credit cards come into play. Credit cards offer a variety of benefits for international students, such as building credit history, earning rewards, and providing a safety net in case of emergencies.
One of the most important benefits of having a credit card is building a credit history. Building credit history is crucial for international students as it can help them in the future when they apply for loans, mortgages, or even jobs that require a credit check. By using a credit card responsibly and making timely payments, international students can establish a good credit score, which can improve their chances of being approved for credit in the future.
Another benefit of having a credit card is earning rewards. Many credit cards offer rewards programs that allow cardholders to earn points, miles, or cash back on their purchases. These rewards can be redeemed for travel, merchandise, or statement credits, which can help international students save money and make the most of their spending.
Credit cards also provide a safety net in case of emergencies. If an international student finds themselves in a situation where they need to make a large purchase or pay for unexpected expenses, a credit card can provide a quick and easy solution. Also, many credit cards offer fraud protection and zero liability policies, which can protect international students from unauthorized purchases or fraudulent activity.
Top 10 Credit Cards
Here are the top 10 credit cards in the USA for international students:
Capital One SavorOne Student Cash Rewards Credit Card
The Capital One SavorOne Student Cash Rewards Credit Card is a great option for international students who are looking for a credit card with no annual fee. Cardholders can earn 3% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% cash back on all other purchases. Additionally, there is a $150 cash bonus for new cardholders who spend $500 in the first three months.
Bank of America® Customized Cash Rewards credit card for Students
The Bank of America® Customized Cash Rewards credit card for Students is another great option for international students. This card offers 3% cash back in a category of your choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. There is also a $200 cash rewards bonus for new cardholders who spend $1,000 in the first 90 days.
Capital One Platinum Secured Credit Card
The Capital One Platinum Secured Credit Card is a secured credit card that is a good option for international students who are looking to establish or rebuild their credit. This card requires a security deposit, but it can be a good way to build credit history.
Discover it® Student Cash Back
The Discover it® Student Cash Back card is a great option for international students who are looking for a card with no annual fee. Cardholders can earn 5% cash back on rotating categories each quarter, up to the quarterly maximum, and 1% cash back on all other purchases. Additionally, Discover will match all the cash back earned at the end of the first year.
Bank of America® Travel Rewards credit card for Students
The Bank of America® Travel Rewards credit card for Students is a good option for international students who are planning to travel. This card offers 1.5 points per dollar spent on all purchases, and there are no foreign transaction fees. Additionally, there is a 25,000-point bonus for new cardholders who spend $1,000 in the first 90 days.
Citi Rewards+℠ Student Card
The Citi Rewards+℠ Student Card is a great option for international students who are looking for a card with no annual fee. Cardholders can earn 2X ThankYou® Points at supermarkets and gas stations for the first $6,000 per year and 1X ThankYou® Points on all other purchases. Additionally, there is a 2,500-point bonus for new cardholders who spend $500 in the first three months.
Deserve® EDU Mastercard for Students
The Deserve® EDU Mastercard for Students is a good option for international students who are new to credit. This card offers 1% cash back on all purchases, and there are no foreign transaction fees. Additionally, there is a $30 statement credit for new cardholders who make their first purchase within the first three months.
Discover it® Secured
The Discover it® Secured card is a secured credit card that is a good option for international students who are looking to establish or rebuild their credit. This card requires a security deposit, but it can be a good way to build credit history. Cardholders can earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, and 1% cash back on all other purchases.
Journey® Student Rewards from Capital One®
The Journey® Student Rewards from Capital One® is a good option for international students who are looking to build credit. This card offers 1% cash back on all purchases, and there is a 25% bonus on the cash back earned each month that it is paid on time. Additionally, there is no foreign transaction fee.
Bank of America® Cash Rewards credit card for Students
The Bank of America® Cash Rewards credit card for Students is a good option for international students who are looking for a card with no annual fee. Cardholders can earn 3% cash back in a category of their choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. Additionally, there is a $200 cash rewards bonus for new cardholders who spend $1,000 in the first 90 days.
Conclusion
In conclusion, international students in the United States have a variety of credit card options available to them. It is important for students to research and compare the different options to find the card that best fits their needs and financial situation.
Frequently Asked Questions
Which credit cards have the best rewards for international purchases?
International students who frequently make purchases outside of the US may want to consider credit cards that offer rewards for international purchases. Some credit cards that offer rewards for international purchases include the Chase Sapphire Preferred Card, Capital One Venture Rewards Credit Card, and the Bank of America Travel Rewards Credit Card.
Can international students apply for credit cards in the US?
Yes, international students can apply for credit cards in the US. However, they may need to provide additional documentation to prove their identity and financial stability. International students can apply for credit cards using their passport and a valid US address. Some credit card issuers may also require international students to have a Social Security number or an Individual Taxpayer Identification Number (ITIN) to apply for a credit card.
Which banks offer credit cards specifically for international students in the US?
Several banks offer credit cards specifically for international students in the US. These include the Bank of America Travel Rewards Credit Card for Students, the Discover it Student Cash Back, and the Capital One Journey Student Rewards Credit Card.
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