Credit cards are essential if you need money for an important expense. Being enrolled in a university comes with expenses other than the budgeted – study supplies, textbooks, travel and more.

A student credit card is often the best solution for emergency expenses, especially when funds from home are met with unforeseen delays. Credit cards are essential to meet important expenses, online payments, and other important transactions in the absence of ready cash.  Though one may see credit cards as a boon, their reckless use could submerge you under a pile of debt. Learn more about Study abroad in Australia.

Through the medium of this blog, you will get to know everything there is about the best student credit cards in Australia.

What is a student credit card?

Student credit cards are designed for students to purchase essential items. Credit cards can be technically called loans. Limit of credits on your card increases with a record of prudent spending, and your ability to make timely payments.

Banks exercise extra cautious while issuing credit cards, especially to international students. Credit cards are issued to students whose profiles display less potential to default.

Must Read: Cost of Living in Australia.

Reasons why international students may find it difficult to secure a credit card –

  1. International students are not permanent Australian nationals
  2. Unstable and temporary employment
  3. Risk of leaving the country without paying the debt

Does this mean getting a credit card is impossible for international students? Certainly not!

How do you stand eligible for a credit card in Australia?


Source of Income

Credit history

With the aforesaid documents, the student is required to share a copy of your savings account number with the bank.

Must Read: Cost of Studying in Australia.

Advantages of a Student Credit Card

Points to keep in mind to secure credit cards

Opt for the lowest credit limit

Also, check out Scholarships for Indian Students in India.

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