Here's how international students and immigrant workers can get a credit card: Via ForbesAdvisor
is also beneficial to show the credit card issuer that the student is capable of making payments on time, but not all banks allow cosigners.
Credit card issuers analyze an applicant’s credit history before approving an application. International students are not likely to have a history yet, which will make the application process more difficult.Before applying for their first credit card, international students should start building a financial profile. The best methods of accomplishing this include:Having a checking account tells a credit card company that the applicant has monetary assets in the country.
If a student knows someone who’s willing to take this risk, setting up a spending and payment plan so that the original cardholder doesn’t ruin their own credit is wise. Call the number on the back of the card to make sure that the credit card company reports authorized user activity to a credit bureau.Permanent residents and immigrants can face challenges just as international students do, but with another layer of difficulty.
Only ask a trusted friend or family member to do this as it poses a large financial risk to the original account holder. Be sure to set up a spending and payment plan to prevent the account holder from ruining their own credit. Call the number on the back of the card to make sure that the credit card issuer reports authorized user activity to a credit bureau.Undocumented immigrants typically don’t qualify for a SSN or ITIN, making getting a credit card much more difficult.
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