Credit Card for International Student?
Guest: SamCurt
Post subject: Credit Card for International Student?
Posted: Mon Sep 17, 2007 5:14 pm
Hi. I'm an international student arrived at US just 1.5 months ago, SSN and state ID applied for, and as a grad student I have a yearly stipend of $20k+.
Spending patterns: The kind of schoolwork left me little chance to overspend, so probably any card used would be for necessities (rent, utilities, food, cell phone plans, meds) only, less than $1000 and pif.
So I have a check card from my credit union already (strangely, defying all recent cases, this large university is sleeping with a local credit union), but their student card's APR is 15.99%-- not bad, but just par.
The problem here is: I should apply a student card now, or I can just get one later since there's I won't need credit anyway?
Thanks!
(BTW: In my country the typical APR for a credit card is 27%.)
Guest: swiwia
Posted: Mon Sep 17, 2007 6:38 pm
Do you plan on carrying a balance from month to month? If not, as long as your limit is enough for you to live on, I would say that you are fine.
Me? I personally like having a lot of credit available, so I would get the extra card (especially if it was at a rate that is less then I was used to paying).
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Guest: LustfortheMoment
Senior Credit Expert (500+ posts)
Posted: Mon Sep 17, 2007 7:03 pm
Quote:
but their student card's APR is 15.99%-- not bad, but just par.
Don't get sucked in by ANY rate. Stick with paying in FULL. If you can't afford an item/service, then don't buy it............
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Ronin
Posted: Mon Sep 17, 2007 11:21 pm
If you're paying more than 0% to 5%, you're getting taken by the CCC...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Credit Card for International Student?
Posted: Mon Sep 17, 2007 5:14 pm
Hi. I'm an international student arrived at US just 1.5 months ago, SSN and state ID applied for, and as a grad student I have a yearly stipend of $20k+.
Spending patterns: The kind of schoolwork left me little chance to overspend, so probably any card used would be for necessities (rent, utilities, food, cell phone plans, meds) only, less than $1000 and pif.
So I have a check card from my credit union already (strangely, defying all recent cases, this large university is sleeping with a local credit union), but their student card's APR is 15.99%-- not bad, but just par.
The problem here is: I should apply a student card now, or I can just get one later since there's I won't need credit anyway?
Thanks!
(BTW: In my country the typical APR for a credit card is 27%.)
Guest: swiwia
Posted: Mon Sep 17, 2007 6:38 pm
Do you plan on carrying a balance from month to month? If not, as long as your limit is enough for you to live on, I would say that you are fine.
Me? I personally like having a lot of credit available, so I would get the extra card (especially if it was at a rate that is less then I was used to paying).
_________________
BankRatesWatch .com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: LustfortheMoment
Senior Credit Expert (500+ posts)
Posted: Mon Sep 17, 2007 7:03 pm
Quote:
but their student card's APR is 15.99%-- not bad, but just par.
Don't get sucked in by ANY rate. Stick with paying in FULL. If you can't afford an item/service, then don't buy it............
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Ronin
Posted: Mon Sep 17, 2007 11:21 pm
If you're paying more than 0% to 5%, you're getting taken by the CCC...
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 1:59 PM
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