After the appreciation of RMB, the fluctuation of exchange rate will make international students spend a lot of money. In order to avoid multiple exchange losses, domestic banks have launched credit cards in various currencies. The new GBP card issued by Bank of China will provide GBP as the clearing currency, GBP for consumption, GBP for repayment and RMB for repayment, so as to avoid multiple currency exchange losses when spending in the UK; Minsheng Bank has newly launched Euro Card and Aussie Card, which can be used in the global acceptance network of China UnionPay and international credit card organizations, among which Aussie Card is the first one launched in China. It is understood that both banks offer preferential interest rates. Minsheng Euro Card and Australian Dollar Card are exempt from the annual fee in the first year, and the annual fee in the following year can be exempted if they spend 8 times (inclusive) or more than RMB 5,000 (inclusive) in one year. China Bank's GBP card was spent or withdrawn 6 times during the year, and the annual fee for the first year was refunded.
Using American credit cards has the following advantages:
1. No password is required, which is very convenient to use, and the main responsible person is not the cardholder after being stolen.
2. American credit cards provide a series of high-quality benefits, such as shopping cash back, primary car rental insurance, aircraft delay compensation, delayed return, hotel points, membership, etc., which can appropriately save daily expenses.
In the United States, credit cards can also accumulate credit, and credit records are part of personal data. When you need a loan for buying a house, home, furniture, car, etc. Companies will first check personal credit records to decide whether to borrow money or even apply for a job, and some companies will also check applicants' past credit records as part of employment evaluation.
For foreign students who have just arrived in the United States, it is also very important to find a suitable and correct way to handle credit cards.
Before you apply for a card, consult an international consultant, an international student information office or an old student, and then go to the bank around the school for consultation.
During freshmen's enrollment, some banks and credit card companies often take the initiative to open accounts and apply for credit cards in order to carry out business. And even after this period, some institutions will continue this preferential policy. For students who have no credit history, this is a good opportunity to get a credit card.
Most schools will also have various examples of students applying for credit cards on the bulletin board, and the application requirements will also be listed. For example, students are required to attach student ID cards, registration certificates or tuition bills when applying, and some also require the school registration group to stamp. The greater the proof, the greater the possibility of passing the audit.
Finally, I need to remind you that it is also very important to ensure the safety of credit card use.
There must be no more credit cards for studying in the United States, just two or four (for different banks and different purposes, it is best to have one for Visa, Master and AE). Don't covet the small favors of various credit card companies. Those are usually bait. People with more credit cards will be heavily in debt in a few years. We joke in the industry that a person's financial situation can be known by how many credit cards he has in his wallet: two or four credit cards are above the middle class, and the poorer people have more credit cards. They are not new immigrants, nor are they gangsters. Credit cards can only help the poor.
Remember, it's not the card number, but the quality. Credit cards issued by big banks have high credit lines (such as tens of thousands of dollars), which is of practical significance. Big banks have BOA, Case, American Express and Discover. Of course, Citigroup is the best. There are many types of credit cards in the same bank, so choose the one that suits you. The general rule is that people only give you a credit line of one or two thousand yuan at first. If you use it well, it will naturally increase your credit limit. Sometimes it is useful to call yourself to increase the credit limit, that is, you want to buy big items, or travel, and so on. Because when trading, the bank will tap from the merchants (mostly 1%), and as long as your credit allows, the bank will be happy to encourage (instigate) you to spend more.
For new immigrants, it is a bit difficult to establish records, but it is not impossible. The best way is for you to apply in a bank with large deposits, such as your Bao Er. In addition, you can try to apply for more banks, especially smaller banks, and the review is relaxed. Most American credit cards have no annual fee. If you really can't apply, you can apply for a card that pays an annual fee first, and then transfer it to a better card after establishing a little credit (remember to turn off the original card, or don't use it). Many universities have their own banks, so-called credit cooperatives, and also issue credit cards. In addition, many banks have credit cards specifically for students, and the threshold is low.
Credit identity theft in the United States is extremely serious. You must protect your credit like an eyeball. Don't tell others your social security number, birthday, birthplace, mother's name, etc. Including your closest friends, unless absolutely necessary. (Many people were stolen by familiar people)
The above questions are about credit cards when studying in the United States. I hope that children's shoes will be used in the right place, with good credit cards and wise consumption.
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