More and more students are applying to study in Australia. So how do international students apply for a credit card? Let’s take a look. The following is the latest information I have compiled. Welcome to read.

How do international students in Australia apply for a credit card?

1. Several common credit cards

1. COMMBANK (Commonwealth Bank)--MasterCard Gold Card

< p> Advantages: IMIT is relatively high, interest-free period is long, online banking is more convenient, and shopping is insured.

Disadvantages: high annual fee, slow points, and few PROMOTIONs.

2. CITI BANK (Citibank) - VISA Gold Card

Advantages: points are accumulated relatively quickly, insurance is good, and Citibank branches are all over the world, which is convenient. There are many PROMOTIONs, such as BALANCETRANSFER from another bank, you may enjoy 4.9% lifetime repayment INTEREST.

Disadvantages: Compound interest calculation, which means that while you enjoy low repayment interest, if you want If you continue to use this card to make purchases, compound interest will be calculated, which is very wasteful. Smart people should stop using the card after BALANCE TRANSFER, and just make the payment on a monthly basis. The annual fee is relatively high.

3. HSBC BANK (HSBC Bank)--VISA Ordinary Card

Advantages: high IMIT, easy to apply, lots of PROMOTIONs, often repay with half-year TRASFER of 3.9% INTEREST, sometimes even 0. Low annual fee

Disadvantages: No insurance, points are relatively slow.

4. AMEX (American Express)--Express Points Gold Card

Advantages: Points are accumulated very quickly. You can get 1.5 POINTS for one dollar, and REWARDS PROGRAM can be exchanged for many Points from airlines, such as Singapore Airlines, Malaysia Airlines, Thai Airways, Cathay Pacific and Australia's QANTAS AIR, etc.

Disadvantages: Difficult to apply, extremely high annual fee, no insurance as a gold card, low LIMIT.

5. ANZ BANK (Australian and New Zealand Bank) - VISA ordinary card

Advantages: low annual fee.

Disadvantages: Few IMIT, only 1.5 Australian dollars can be exchanged for 1POINT.

2. How to apply for a credit card?

Generally speaking, if you want to apply for a credit card in Australia , applicants need to meet many hard conditions, such as: having permanent resident status or holding an Australian visit visa, being over 18 years old and having stable salary income, etc. In addition, in addition to these, Australian banks will also consider the applicant's financial ability when reviewing and issuing credit cards, such as: annual income after tax, whether there are real estate and cars in the name, how much deposits are in the personal account, Whether there are liabilities (whether there is a bank loan), the activity of the account, and the applicant's personal credit record, etc.

3. Precautions for using credit cards

Tiandao Australia Study Guide is a warm reminder that children who want to study in Australia must not just enjoy the convenience and benefits that credit cards bring to you. If you ignore the requirements and restrictions of credit cards for cardholders, once you fail to repay in time as required, you are likely to be "punished"~~~ Generally speaking, if you still owe money after the interest-free period, the bank will High interest rates (usually above 15%) will be charged in proportion to the amount owed, so friends must exercise restraint when using credit cards