Moving to another country can be an extremely exciting but often daunting time. Not only do you leave friends and family behind but you also have to make adjustments to just how you go about achieving everyday tasks such as shopping and paying bills, which are previously carried out trouble free.
The first thing you may notice after investigating all the beautiful Aussie shorelines of course, is that Australia does not appear to have caught onto buying online or over the telephone the easiest way. As a new kama’aina (, don’t be surprised if you are somewhat confused and frustrated to discover that you can no longer use your debit card to make purchases, bookings and bill payments. Instead you will need a charge card to do just about all of these things.
When it comes to finding a new credit card, just to be turned away because you’re a temporary/non-resident category, the temperature certainly starts to rise and not just the one displayed on the mercury.
Taking a few steps back, it’s important to look at the history of Foreign finance and why things are how they are. Australia’s banking environment was deregulated in 1980’s which resulted in a lot more competitive environment and a better deal for the borrower. This is very good news for residents and non-residents alike as it means more variety of products and lenders to choose from. Good news so far, we hear you say.
Now how does a temporary or non-resident go about applying for a charge card? If you shop around, you can use a number of lenders who are willing to issue credit cards to not for residents and temporary citizens, obviously susceptible to certain approval criteria.
The ANZ Credit card is one among these credit cards which can be found to both residents and not for residents of Australia who are over 18yrs of age and have a good credit rating. Generally speaking, a permanent Foreign kama’aina ( requires a minimum annual salary of $15, 000 and non-Australians/temporary residents require a typical minimum salary of $50, 000+. That is the unfortunate catch. You will be often best served to submit your online application, and expect a affiliate note to be given to if you don’t often fulfill the salary requirement criteria. The bank/vendor will make contact to discuss your needs and Compre permisos de residencia en línea give you advice if you can still apply.
Other lenders who consider offering credit cards to not for residents include:
— ANZ — minutes earn $50, 000
— Amex — 457 visa (current temp business long stay visa)
— Aussie — minutes earn $50, 000
— CBA — Current Foreign visitor’s visa
American Express currently takes residents who are on a 457 visa. This is a temporary business long stay visa, as usually sponsored by an employer to grant you the right to work and have a home in Australia on a temporary basis.
If you are on a 457 visa, then perhaps an American Express credit card may be suitable for your needs and circumstances. As the Amex fine print displays that you can apply for any card out of their range if you fulfill the 457 visa requirements for non-residents and further fulfill the general income earnings criteria.
Aussie Mastercard is another credit card that enables temporary/non-permanent residents to apply for their credit card if you earn $50, 000 and above their specified income limit. Aussie currently offers a fantastic deal with the Aussie Mastercard, introducing a low rate and annual fee.
Commonwealth Bank currently takes according to their terms and conditions fine print Foreign visitor visas. If you have a current Foreign visitors visa and meet all of the other identified accept criteria, then you can apply for a credit card with Commonwealth Bank.