You have just arrived in Australia and started university doing a part-time job. And, worried about how to cover the quick expenses. Well, that’s when a credit card comes in handy. You can cover the costs for rent, bus fare, books, etc through your credit cards.

Using a credit card means taking a loan from a bank, so the bank will only hand out the cards to low risky candidates. And, as an international student, you will be considered a high-risk candidate because you will not be staying permanently and your current job will probably be the temporary one. So, it will be difficult to track you down.

But obviously, it’s not impossible to get a card for international students if you have a good profile and follow the basic rules. You will be given a credit card if your profile earns their trust. When you use your credit card responsibly and pay it back on time, your credit limit will grow over time.

We are here to help you so that you can get your credit card.

How to be eligible for a credit card?

1. You must hold a valid visa which has its validity of 9 months to 12 months from the date of application.
2. The minimum earning is expected to be $15,000. However, for the basic card evidence of pay-slips and student allowance is required.
3. A good credit history showing the payment of bills, gas, taxes is expected. (Only those which are after the arrival in Australia)
4. Must be of 18 years or older.  If you are younger than 18 years, then you can get a supplementary card from your guardian.

The benefits of a card differ from one another. Some give discounts on grocery, some for travelers or some provides cashback. So choose the cards wisely based on your comfort.

Here are the most popular credit card banks for students in Australia.

• ANZ Credit Card

• The Qantas American Express Discovery Card

• Coles Student Credit Card

• Commbank Low Fee Credit Card

• Bankwest Breeze No Annual Fee card

• Westpac Student Credit Card

• ING Orange One Credit Card

• NAB Student Credit Cards

• Citi clear card

• Latitude 28° Global platinum card

A credit card comes up with its disadvantages. You have to be aware of the consequences of a credit card before applying for it. A few of the disadvantages are:

High-interest rates

Low credit limits

High fees

If you got a credit card and are using it for the first time, always remember to pay the full balance every month to avoid any kind of bank trouble. Only use the credit card on necessary items, try to save money and use it in other emergencies.

If you need help any further information, you can contact us on +61 2 8056 7110 or email us at info@yespeople.com.au