How to Apply for a Credit Card in the USA:- If you are studying in the United States of America from any other country, then you can apply for a credit card for your expenses. In a large and mostly cashless country like the US, credit card applications for migrant students can be an intimidating concept. Because the students are from countries where transactions happen in a lot of forms with cash and debit cards. Credit cards will be very convenient for you in the US so that you can start your better credit score.
So here are the steps to get yourself up the credit ladder and secure a credit card in the United States:
Step 1 – Apply for Social Security Number
To get a credit card in the US, you must be employed there, otherwise, you must have an SSN (society security number). The rest also eliminates the SSN requirement for many banks.
The sun in the society is assigned to those people who are used to providing your salary and eligibility for social security benefits.
If you are a student studying in the US on an F-1, M-1, or J-1 student visa, and are authorized to work in the US, you can apply for an SSN.
You must be employed in the US for an SSN application. (For off-campus employment, you must obtain authorization from the Department of Homeland Security). For the SSN application, you need to apply for Social Security Number Form-5. For this, you need documents of age, identity card, and local address.
Step 2 – How to Apply for a Credit Card in the USA
In most cases, overseas students get the right to hold a credit card. It is not necessary that you have a good credit score or social security number.
At the time of applying for credit, you must have a permanent address whether it is the school or any workplace where you work. You should have a stable source of income and a savings account at the time of applying for the credit card. Do not submit more than one application to any bank or other banks, by doing so your first application may also be rejected. Try to submit only one or two applications.
You can also apply for ssn directly on the secure site, this saves your data directly on the secure site and the risk of leaking of personal data is avoided.
Step 3 – Wait!
It is advised to any applicant not to send an application for more than one credit card as this may lead to the rejection of all your applications.
Once you send the application, you will have to wait till the response comes back. In the US, if you don’t have a secured credit card, you can be rejected by many banks. Here are some tips to help you overcome this:
Secured Credit Card
It is extremely difficult for expatriate students to get credit cards in the US, as expatriates do not have a permanent residence in the US or spend time building up a credit history. With a secured credit card, you can improve your bank’s credit score, in which you keep capital in the savings account which helps in paying off the expenses with the credit card, and the credit score is better.
Building a Credit History
Building a record as a consumer is fundamental for some things in the US, including getting lodging and utilities. To assist you with this, you’ll need to deal with your card balance shrewdly. Because of the comfort of a Visa, it is not difficult to overpay and not pay your equilibrium on time.
Recall that when you utilize your charge card, you are owed that cash. It’s for the most part smart to abstain from spending over 30% of your spending limit. For instance, assuming you have a card with a most extreme spending breaking point of $300, you ought to charge more than $90 a month on that card. How to Apply for a Credit Card in the USA You really should pay your equilibrium on time.
