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What Are the Best Credit Cards for Students with Visa Status?

Eva MarcilleVerified
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Summary：Discover the best credit cards for international students with visa status. Options include Discover it Student Cash Back, Chase Freedom Student, and Bank of America Travel Rewards. Tips for applying and managing credit cards are also provided.

As an English credit card expert, I am often asked about the best credit cards for students with visa status. It can be challenging to find credit cards that cater to international students, but there are several options available. In this article, we will explore some of the best credit cards for students with visa status, along with tips for applying and managing credit cards.

1. Discover it Student Cash Back

The Discover it Student Cash Back card is an excellent option for international students. It offers 5% cashback on rotating categories such as gas, restaurants, and online shopping, and 1% cashback on all other purchases. Additionally, Discover matches all cashback earned during the first year. There is no annual fee, and the card offers a 0% APR introductory period for the first six months.

2. Chase Freedom Student

The Chase Freedom Student card is another great option for international students. It offers 1% cashback on all purchases, and 5% cashback on Lyft rides (until March 2022). There is no annual fee, and the card offers a $50 bonus after the first purchase. Additionally, cardholders can earn a $20 bonus each year for up to five years by maintaining a GPA of 3.0 or higher.

3. Bank of America Travel Rewards

The Bank of America Travel Rewards card is an excellent option for international students who wish to earn travel rewards. It offers 1.5 points per dollar spent, which can be redeemed for travel purchases. There is no annual fee, and the card offers a 0% APR introductory period for the first twelve months.

Tips for Applying and Managing Credit Cards

When applying for credit cards as an international student, there are several factors to consider. First, it is essential to have a good credit score, as this will impact the approval process. Additionally, it is essential to have proof of income or a cosigner to increase the likelihood of approval.

Once approved, it is important to manage credit cards responsibly. This includes paying off the balance in full each month, avoiding late payments, and keeping credit utilization low. It is also essential to monitor credit reports regularly to ensure accuracy and identify any potential fraud.

Credit Card Saving Tips

Credit cards can be a great way to save money, but it is essential to use them responsibly. One way to save money is to take advantage of cashback offers and rewards programs. Additionally, it is important to use credit cards for necessary purchases only and avoid overspending. Finally, it is essential to pay off the balance in full each month to avoid interest charges and fees.

Annual Fees and Risk Avoidance

When considering credit cards, it is essential to understand any annual fees and associated risks. Some credit cards may charge annual fees, which can impact overall savings. Additionally, it is important to understand the risks associated with credit cards, such as fraud and identity theft. By using credit cards responsibly, monitoring accounts regularly, and reporting any suspicious activity immediately, students can avoid these risks and enjoy the benefits of credit cards.

Credit Card Company Recommendations

There are several credit card companies that cater to international students, including Discover, Chase, and Bank of America. It is important to research each company's offerings and policies to find the best fit. Additionally, it is essential to read the fine print and understand any fees, rewards programs, and credit requirements before applying for a credit card.

In conclusion, there are several excellent credit card options available for students with visa status. By researching and understanding credit cards, applying responsibly, and managing accounts effectively, students can enjoy the benefits of credit cards while avoiding potential risks and fees.

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credit cards for international studentsstudent visa holdersDiscover it Student Cash BackChase Freedom StudentBank of America Travel Rewards
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