Top 5 Beginner Credit Cards for Internationals in the US
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- เผยแพร่เมื่อ 8 ส.ค. 2020
- Are you looking for a good starter credit card when moving to the US for work or as a college student? Here are the top 5 beginner cards to help build a solid credit score along with the exact steps to build credit from scratch.
One of the best ways to start building up your credit is through credit cards. Keep the following in mind when picking a beginner credit card:
- Annual fees
- Rewards
- Customer Service
Getting a credit card as an international student in college (F1 Visa) or a professional who recently landed (H1B visa) can be quite difficult if you don’t already have a credit history in the US. The best strategy would be to:
- Start with a secured credit card and use it responsibly
- Upgrade to an unsecured credit card
- Look into more premium credit credits once your score reaches 750+
** 💰 Earn $200 cash back with Chase Freedom Unlimited/Freedom Flex **
www.referyourchasecard.com/18...
💰 Become a Discover Cardmember and get a $100 Statement Credit refer.discover.com/s/ARJUN69
American Express Blue Cash Everyday
www.americanexpress.com/us/cr...
Deserve Edu Mastercard
www.deserve.com/
Capital One Platinum
www.capitalone.com/credit-car...
▶️ Watch this to better understand personal finance basics:
• PERSONAL FINANCE + INV...
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DISCLAIMER:
The advice provided in this video is for informational/entertainment purposes only. The creators take no responsibility for any actions or decisions you may take based on the contents of the video. Please consult a professional for strategies related to your specific needs.
DISCLOSURE:
Some of the links in this description are promo links, meaning that I may receive a small commission when you sign up for these services.
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ABOUT US:
We want to share our stories and talk about lessons learned while first moving to America, planning our journey to financial literacy, and adopting best practices into our lives.
As internationals, it was difficult to find relevant resources to understand the aspects of life that were different in a new country. Some of us come from places that treat the path to success as a "competition" and as a result, we shy away from having open conversations about money.
This channel is a comfortable space to have those discussions and help each other out!
Music: www.bensound.com
#creditcards #f1 #h1b
Additional American Express perk - if you have a credit history in your home country (Canada, the UK, Australia, India or Mexico), you can use it to obtain an Amex card (either through the Amex global transfer program or Nova credit)
🕒 TIMESTAMPS:
00:40 - The importance of credit
01:50 - How to choose a beginner card
03:34 - Credit card #1
04:50 - Credit card #2
05:47 - Credit card #3
06:34 - Credit card #4
07:31 - Credit card #5
08:32 - How to build credit from scratch
Very insightful video for someone who's just starting off in the US, thank you!
Thanks Deepti :) I know you're gonna crush it here!
This was really insightful. I liked how you edited the video. Not a fan of Credit Cards myself but was still interesting to watch. Liked and Subscribed!
Thank you. :) Absolutely, there are other ways to build credit too if you're not comfortable with credit cards. Thanks for subscribing!
Hey thank you so much for this info! Super helpful!
You're welcome
Thank you for this video! Someone who is from an different country and trying to settle-in here, this was really informational. Based on the recommendations here, I did go ahead and choose for a card from the five you suggested here. FIngers crossed, that it will get approved and beginning the journey here!
Reading comments like this make my day. Happy to help, Rajan!
Exactly what I needed. Thank you!
You're welcome!
Hi Aish and Arjun, This is such an important topic and still most of us do not know how to deal with it. Thank you so much for making it real simple to understand and follow.
Hey Omprakash, thank you so much! Yes, people underestimate how important it is and only realize when its too late. Just doing our part to help out :)
P.S - I love ultimate too
You have a fantastic channel. Keep up the great work. I'm looking forward to seeing more. New subscriber here!
Thanks so much! Love the simple explanations of concepts on your channel too :)
nice video giving helpful information in a stylish way. wish you best of luck. 🙂
Thank you so much 🙂
I'm so grateful for your channel! I wished it existed when I first ce here. Btw, could you make a video about pros and cons of credit unions vs traditional banks?
Thanks so much Allan :) I'll add it to my list of requests.
I am going to graduate soon and started thinking about savings and credit cards recently. Your content is really amazing and very helpful for beginners like me. Thank you!
Thanks so much, Kumari :) Perfect timing because my video this weekend is about credit cards too. Keep your eye out!
Very informative thank u
Appreciate it!
1000 subscribers in a few months is no joke.. good job 👏
Ill be back when you hit 10k. 😉
Keep it up homies!
Thanks Jatin :) Its crazy to us as well and exactly on the same day that we're celebrating 3 months of starting the channel. Onwards and upwards!
Great video! Very useful
Thank you so much Gerardo :)
Congrats for your first 1k subscribers on TH-cam. I generally don’t comment on TH-cam. This is my first comment in 10 years. Great content guys. Really waiting for more interesting videos on finance especially from H1B perspective
Thank you Samba! We're honored to be your first comment. :) Happy to see that our content is helpful, we have a bunch of videos lined up!
Great content guys! Are you going to do something related to RSUs in the future?
Thanks Aditya! Appreciate it. :) We actually released a video talking about RSUs a couple of weeks ago! Here's the link: th-cam.com/video/xi0Zk4ftWwk/w-d-xo.html
I am a new account and watching your videos is definitely motivating me. 😀
Thanks so much Fifi. You have a great channel too :)
As always good content, keep rocking..
I have a request, Can you make a video on IRA accounts, especially mega backdoor roth ira ?
Thanks so much Manoj! We actually have a video about IRAs already - th-cam.com/video/IctyerMJSNE/w-d-xo.html
It doesn't cover the mega backdoor aspect but will keep that in mind for a future video :)
Thanks for the video! Can you make an unsponsored review of the nova credit card, it would be much appreciated.
None of my content is sponsored FYI. Will look into Nova
That’s great to know!
Hello, can you suggest some credit cards doesnt require SSN and itin
Hey guys can u make a vid of a road map to building credit score for an img even b4 he gets to US N APPLY for pg .
Generally, you can only start building your credit once you're in the US. But some companies like American Express will allow you to transfer credit from a different country. We'll be making a video about a detailed strategy in the near future :)
So finally I want to know that which credit card should be taken without ssn
Deserve Edu is a good choice
Hi, love your content! I know someone else asked about needing an SSN, I have one but it says valid for work authorization only (which i believe is given to all student visa holders) and when I tried to apply for a credit card with chase, they said it is not possible. Is this usually the case?
Thanks so much Aashita :) Chase cards can sometimes be more difficult to get approved for when you're just starting out. I would recommend starting with a secured card like the Discover and then moving to Chase later (but don't close the Discover!).
I’m thinking about getting a car in us, and i currently have no credit score. Do you have any content for that?
I went through the same thing and ended up paying a high interest rate (6.5%) until I got my credit score. Another option is to pay cash
@@FinancewithArjun thank you
Do people on H1B get SSN? And can H1B people get a credit card from a bank like Wells Fargo, Bank of America etc.?
Hey Manpinder, yes people on H1B do get SSNs and you can choose to get credit cards from whatever banks you like.
The only real vendor 💯 that didn’t ripp me off my money is *Carder111* on telegram.....every other comment seems to be bots😳
How about Bank of America Cash Rewards?
Yeah, that's a solid card too. Love the idea of choosing your own bonus category.
Hi,
Which card is good for US student?
Zolve or Deserve?
Just made a video on exactly this topic: th-cam.com/video/0h_YHxGUvho/w-d-xo.html
You people are doing God's work. Great work guys.
Thanks so much Amaan, glad it was useful :)
Hi, can I get the Deserve card ta soon as I am in the US? Is it unsecured? By the way, isn't the Amex Blue a charge card without upper limit?
Lastly, congrats for 1k subs!
Thanks Shayan! As long as you have the documents they need, you should be able to get the Deserve when you get to the US. It's an unsecured card, no deposit required.
Amex Blue Cash Everyday is not a charge card. You might have confused it with another card by Amex, a lot of them have similar names!
@@FinancewithArjun Hope this one's the card. Actually I did not find any information about credit limit. Also it is mentioned that I have to pay in full or be charged interest, which is typical of a charge card. Anyway, I can be wrong! Thanks for the reply BTW.
www.americanexpress.com/us/credit-cards/card/blue-cash-everyday/?eep=25330&linknav=US-Acq-Shop-Consumer-CategoryNoAnnualFeeCards-Prospect-CardLink-BCE_FC
what is an unsecured and a secured card?
A secured card is backed by an initial deposit made by the cardholder. An unsecured card uses the bank's money straightaway (until you pay the bill off course)
Tell us about zolvi card
Haven't looked too much into the details but it seems like a good option for people starting out in the US
Hello I am indian Doc in USA on B1/B2 visa
I do have USA bank account i am looking for US credit card , which credit card I should apply for ? I do not have SSN/ ITIN .
Kindly guide me for same .
THNAK YOU !
Deserve Edu card is probably your best bet
@@FinancewithArjun thank you for your positive response !
so you actually can't apply for discover cards w/o ssn as I am writing right now... :/
Have you tried a Discover secured card?
@@FinancewithArjun so discover put their secured card under the credit card category, so I looked it up and seems like you have to have SSN to apply for secured cards :(
@@walkmythoughts189 Oh that's unfortunate. The Capital one secured I talked about isn't a bad option as a starter card
@@FinancewithArjun yes! I will look into that one!! Thank u :)
Do we need ssn to get credi card
Nope. For eg deserve edu doesn't need one
Do you need SSN to open a bank account in US?
Not necessarily, you can open a bank account with ID documents (like passport for eg.) and a proof of address
ITIN. Get that. Very important
The only real vendor 💯 that didn’t ripp me off my money is *Carder111* on telegram.....every other comment seems to be bots😳
do u make money off youtube being international students?
Nope
When dude said 7% interest rate was too high it was then I knew most Americans were financially illiterate
Maybe try understanding how interest rates work across the world before making uninformed comments on the internet :)
You have one beautiful wife dude