How to deal with bank card is foreign students in the United States the most attention topic, because it's very convenient to use a credit card in a foreign country, also is very safe, so students abroad are spending a lot of times through the bank card transaction, and with the domestic remittances are generally need through the bank card.Today I will detail the types of bank CARDS, application and use.In the United States the most commonly used credit CARDS can be divided into two kinds, a debit card (debit card) and credit card (credit card).
Apply for a debit card (debit card)A debit card, is the role of a savings account.In the United States, almost every bank provide debit card application, do not need the applicant to have credit record and SSN number, also do not need to consult the applicant's work, salary, whether to hold a series of conditions, such as the United States green card or citizen of the United States so open card is almost zero risk.Open the card condition is that you provide a certain amount of initial gold.And big Banks such as Bank of America, Chase, TCF debit CARDS are exempt from the annual fee, in an ATM to withdraw money also have no handling fee, is very convenient.And dealing with domestic remittance is usually done through a debit card, for credit card is not the ability to save.
Checking account (checking account)
Its main role is consumption, so generally no interest, the user can use this account to pay tuition, phone, online shopping, check, etc.In the United States, in the life of the bank on the net use is widespread, such as shopping online, order, delivery, booking tickets, etc.Opening bank and the United States generally bring the bank on the net, does not require additional application or install any software.Many big Banks in the user a new checking account, provide some checks and thin, you may check in at home less chance, but in the United States, the check is very convenient, and security is higher, because the cheque will be printed with your name and information, many Banks will also check the signature, so seldom take a check is true.And you send a cheque to the other side, there will be charge on the check the name of the man, so also does not exist or the situation.Check can almost as cash to use in the United States, for example, if you don't need to out shopping with a lot of money, just take a check.
Savings account (saving account) this is the main savings account, because there is interest, but not commonly used in the consumer, because the average consumption from your checking account, if your checking account balance is insufficient, and your savings account is rich, is also cannot be used commonly.You must first log on to the Banks of the bank on the net, transfer money from my savings account to checking account, after payment.You can choose according to their own situation, in which account Households.If spending less at ordinary times, can be the extra money into savings accounts, so that we can get some interest
Apply for a credit card (credit card)
Credit card no matter from the application, consumption to reimbursement, etc., are better than debit card relatively trouble, but the biggest advantage is that can in advance.Credit card request is troublesome, and the success rate is not high, it is just one of consumer payment method, most of the credit card is required to pay an annual fee.Whether the credit card, so students can decide according to your requirements, for short residence time of students can not apply for a credit card, for ready to spend more than 3 years in a foreign country or ready to settle down, good bank card use is the guarantee of the future a better life, for the convenience of credit CARDS to students is not only a "consumer" in advance, especially for on going to stay in the United States or Canada for a long time, credit card credit history is an important foundation for later life.Credit records in the United States has a very strict, very perfect recording system, is also one of honesty and a reflection of financial management ability.If ready to settle down in abroad, it is necessarily involved in a car to buy a house, believe that for most students, the loan to buy a house or a car more realistic.In the domestic loans are mostly take assets as collateral, but for students, almost no assets, the loan is important reference index of credit records.The accumulation of credit history is long, is different from bank points, not to say that today you suddenly spent tens of thousands of dollars, credit record will increase greatly.Suggest the students must apply for a credit card, so that a few years after your credit record may be enough to buy a building loan requirements.
Relative to the debit card, credit card application for international students, the success rate is much lower.Require the applicant to have most of the credit card account in the United States social security number (SSN), stable work, references, and it has a good credit history.But all of these conditions for international students is difficult to achieve.Let me introduce some international students can apply for to the way of credit card:
Apply for Secured Credit Card:
Now the United States is in the midst of the financial crisis, Banks in order to stimulate consumption also reduces the threshold of the credit card request accordingly.Some Banks credit card application, do not need to have a job or past credit history, you just need to account deposit about $500, the $500 request within half a year not to use, automatic defrost after half a year, much more to your credit card is the corresponding 500 line of credit, then 500 is your overdraft limit.This limitation can be with you, of course, a good credit record and ascension.Application of this kind of credit card success rate is generally 100%.
Based on the debit card (debit card) on the basis of credit card
Many Banks for bank debit card users have additional preferential policies, such as the threshold when apply for a credit card will be reduced.Especially in the fierce competition in the big cities, as well as in the opening period, the Banks in order to strive for greater savings will launch "debit CARDS, opening an account with a credit card" such measures.But that does not have 100% to apply for the guarantee of success.
Apply for a student credit card:
This is Banks specifically for students to open a credit card, so don't require income or past credit history, but when apply for a student credit card, is often required to show student id card, etc. To prove the identity of the data.The application of such credit card success rate is very high, but the overdraft amount is low, not more than $1000.
To apply for a department store or other business credit card
Such as America's biggest department stores Macy 's in order to stimulate consumption consumers are encouraged to apply for Macy' s credit card, this card is limited to use in a mall, can enjoy certain discount.Its advantages in addition to the discount, is it establish a credit record is universal, and formal credit card.And this kind of business card, the application threshold is low, the students can try.And such as major Airlines have similar credit CARDS, such as United Airlines (United Airlines), it's application for a credit card to be on the account of flight 30000 points, if often flying with the airline, as part of the integral can be free for flights to domestic or international routes.
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