Credit Card Overseas

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Credit Card Overseas

Postby tws38 » Thu Jan 09, 2014 5:31 am


I am having a fair amount of trouble with credit cards overseas.
I'm still fairly young and don't really have a lengthy credit track record and have been a bit nomadic in the sense that I have been working in different countries (well...only 3rd country so far). So, each time I do move, I open up a bank account in that country and file for a credit card specifically for that country. However, it seems like because I don't have a credible track record, I get declined even for the easier cards.

So, my question is: Is there a credit card (just using one) that I can use in different countries and actually pay for it in that currency?

Or if there are any other suggestions for someone with this case...

Thank you so much in advance...I am really troubled by getting declined without any good reason.

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Postby samhradh » Thu Jan 09, 2014 9:42 am

Well, the good reason is your age, AAOA, and living in various foreign countries. If I were a bank and didn't have an established relationship with you I would find you unreliable for loaning credit as well. There's no credit card I know of that changes currency based on your current country of residence. I imagine that countries vary in the legal terms of credit card agreements and that it would be impossible to have one card to rule them all. I suggest getting a card with no FTF and wide acceptance and just dealing with the currency conversion issues. Only way you'll start to build credit.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

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Postby djrez4 » Thu Jan 09, 2014 10:04 am

Assuming you are a US citizen, but this is pretty universal advice.

Credit history is non-transferable. Banks in Singapore will not rely upon a US credit history when evaluating credit risk. Your best path is to build a US credit history and eventually obtain a good US-based card with no foreign transaction fees (like samhradh said).

So, the best approach is to start from scratch. There are plenty of resources out there for building a credit history. Start with Google.

You may have to use your parents' address if you tend to move a lot, but you can go paperless and pay your bill online.
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Postby takeshi » Fri Jan 10, 2014 9:05 am

djrez4 wrote:Your best path is to build a US credit history and eventually obtain a good US-based card with no foreign transaction fees (like samhradh said).

+1. Build your credit in one spot and use a non-FTF card.

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