The cost of living in Australia is something that every student studying in Australia needs to pay attention to. Living in Australia requires daily living expenses. Where do these expenses come from? On the one hand, parents' supply is the main thing. On the other hand, you also need to find some ways to relieve your pressure on the cost of living in Australia. The following will explain to you whether it is necessary to apply for a credit card to study in Australia?

Applying for a credit card in Australia can relieve the pressure of living expenses in Australia to a certain extent. The cost of living in Australia and studying in Australia is very high. At this time, a small credit card is very important. To apply for a credit card, you usually need to meet hard conditions such as permanent resident status or holding a visit visa, being over 18 years old, and having a stable salary income. What is your annual income after tax, whether you own real estate and a car, how much money you have in your account, whether you have liabilities and bank arrears, how active your economic activities are, and your personal credit record are all factors that banks will consider when reviewing and issuing credit cards. . The following is a detailed introduction to credit cards for studying abroad in Australia:

The types of credit cards in Australia are roughly divided into two types: high annual fees, high rewards, and low or zero annual fees and no rewards. The advantage of the former is that the money spent can accumulate credit card points or be converted into airline mileage points. Or, cardholders can get a considerate travel accident insurance when purchasing international air tickets, saving money on insurance. This kind of card is suitable for people who have certain financial strength, travel frequently, and are good at financial management. The service is good and the annual fee charged is relatively high. Taking Commonwealth Bank as an example, the annual fee ranges from AUD 59 to AUD 200 depending on the level of ordinary card, gold card and platinum card.

The annual fee for non-reward credit cards is generally less than A$48. Australia has a high degree of internet access. Hotel reservations and flight bookings are usually done online. Cards can also be used for refueling, supermarket shopping and taxis. Choosing to apply for this kind of card not only makes life more convenient, but also does not cost too much. There is also a credit card issued to students, which does not charge any annual fee, but has a relatively low credit limit.

It is difficult to get along without a credit card in Australia. A small credit card can not only prove that a person has sufficient financial ability, but also prove that you have good credit and save a lot of unnecessary trouble when handling various procedures. The above is a detailed introduction to credit cards for studying in Australia. I hope it can be of more help to students studying in Australia!