Credit cards for temporary residents
Want to get an Australian credit card as a temporary resident or immigrant? Compare your options and learn how to apply here.
0% p.a. for 22 months on balance transfers
0% p.a. for 7 months on purchases
Offer ends 30 September 2020
Eligibility criteria, terms and conditions, fees and charges apply
Bank of Melbourne Credit Card Offer
Save with a long-term 0% balance transfer offer, a purchase rate offer and a first-year annual fee waiver.
- $0 first year annual fee
- 0% p.a. for 22 months on balance transfers, with a one-time 1.5% balance transfer fee
- 0% p.a. for 7 months on purchases
- Cash advance rate of 21.49% p.a.
- Compatible with Google Pay, Apple Pay and Samsung Pay
Compare Australian credit cards for temporary residents
What's in this guide?
- Compare Australian credit cards for temporary residents
- Which banks offer credit cards to temporary residents?
- What are the eligibility requirements for getting a credit card as a temporary resident?
- What else do I need to know before I apply for a credit card in Australia?
- Establishing credit history as a recent immigrant in Australia
- Frequently asked questions
Which banks offer credit cards to temporary residents?
The credit cards available to temporary residents in Australia varies between banks. It also depends on the type of visa that you hold. For example, the conditions and requirements for people holding a 457 working visa may differ from those that apply to someone with a 417 or 462 visa.
This table looks at the different Australian banks that offer credit cards to temporary residents, eligibility requirements and any specific cards that you can apply for.
|Bank||Eligible?||What are the eligibility requirements?||Available cards|
|American Express||Yes||To be eligible for an American Express credit card, you must:|
|ANZ||Yes||To apply for an ANZ credit card as a non-resident, you will need:|
ANZ also reserves the right to decline requests for credit at its own discretion based on non-resident status.
|The entire range of personal ANZ credit cards|
|Bankwest||Yes||Temporary residents with a valid 457 visa can apply for any personal Bankwest credit card. You will need to provide:|
Other requirements may be outlined for individual cards or on a case-by-case basis.
|The entire range of personal Bankwest credit cards|
|Bank of Melbourne||Yes||Temporary residents with a 457 visa can apply for a Bank of Melbourne credit card if they meet the following requirements:|
Bank of Melbourne may also find other temporary resident visas eligible on a case-by-case basis, so you may want to call them to discuss your circumstances directly.
|The entire range of personal Bank of Melbourne credit cards|
|Citi||No||You can only apply for Citi credit cards if you are a permanent Australian resident or recent permanent resident (at least 12 months). Citi may assess credit card applications on a case-by-case basis, so you may want to call them to discuss your circumstances directly.||N/A|
|CommBank||Yes||CommBank lets you apply for a credit card before you come to Australia, providing you meet the following requirements:|
|HSBC||Yes||HSBC will consider credit card applications from temporary residents providing you have:||The entire range of HSBC personal credit cards|
|NAB||Yes||NAB will consider your credit card application if you meet the following conditions:||The entire range of NAB credit cards|
|St.George||Yes||St.George will consider credit card applications from temporary residents who meet the following conditions:|
Temporary residents can only apply for a St.George credit card in person at a branch or by calling Customer Service on 13 33 30.
|The entire range of St.George credit cards|
|Westpac||Yes||Westpac accepts temporary resident credit card applications providing you meet the following requirements:|
What are the eligibility requirements for getting a credit card as a temporary resident?
You can use the following list as a guide to the general conditions you should meet before applying for an Australian credit card as a temporary resident.
- Age. You must be at least 18 years of age to apply for a credit card in Australia.
- Employment. You should have employment in Australia or proof of upcoming employment in Australia at the time of your application. You may also have to supply details of your most recent previous employer. It is recommended that you get official, written confirmation of your employment contract, including details of your salary to verify your situation.
- Income and assets. You must have a regular, Australian taxable income to apply for a credit card. Minimum income conditions also apply for some cards. You may also be required to have a specific amount of Australian dollars in an Australian bank account.
- Passport. You will have to supply your passport number and/or a certified copy of your passport for the application.
- Visa status. You must have a valid, eligible visa. Depending on the credit card issuer, you may need to have a minimum amount of time left on the visa to apply (for example, two years before the visa expiry date).
- Australian address. You must have a residential address in Australia to apply for a credit card.
- Australian bank account. You must have applied or opened an Australian bank account to get a credit card.
It’s important to remember that credit card eligibility requirements depend on the bank (or issuer) and the credit card you apply for. But being prepared with all of these details will help you speed up the application process.
Can I transfer my existing credit card to an Australian one?
This is sometimes possible, if your credit card is issued by a company that offers "moving abroad'" transfers, such as American Express. Its Global Card Relationship service allows you to seamlessly apply for an Amex card in your new country by logging in to your existing account. To do this in Australia, you would need to choose a new Amex card, log into your current account and then apply using your Australian address and contact details. Your account history may be used as part of the application, and the existing account will remain open unless you close it.
As another example, Citibank offers a range of support options for existing customers around the world if they are moving (or have recently moved) to Australia. This includes setting up a bank account for you, although you may still need to wait until you are in Australia before applying for a credit card.
What else do I need to know before I apply for a credit card in Australia?
Credit card issuers may consider individuals with no permanent ties to Australia as a risk for any type of credit product. So, make sure you consider the following when choosing a bank and credit card to apply for:
- Unexplained denials. Australian credit card issuers that offer credit cards to temporary residents reserve the right to decline applications without giving you a reason.
- Reference checks. You may be asked to supply names and contact information for Australian residents who can confirm the details you provide on your application. This could include the person who you rent your home from, your employer or any other individual that you have financial obligations with.
- Utility bills. Your Australian payment history with utility companies (such as phone or electricity companies) may also be reviewed to check for late payments or defaults. If you want to qualify for a credit card in Australia as a temporary resident, you should ensure that you have excellent financial history while you are here.
- Low credit limits. As a temporary resident, you may be granted a credit card with a lower credit limit than you would normally expect. If you use the card regularly and make your repayments on time, you may be able to apply for a credit limit increase at a later date.
The credit card application requirements that you must meet as a temporary resident differ between different banks and providers. So, it's a good idea to discuss your individual circumstances with your chosen provider before you apply for a card. Taking this step will give you the most accurate information possible and increase your chances of approval for your chosen card.
What about my credit history?
Credit card issuers in Australia only consider your Australian credit history. This means if you have an excellent credit rating overseas (or a bad credit rating), it won't impact on your application for a credit card in Australia.
However, as a temporary resident you may not have many details on your Australian credit file, so it's important to make sure all the additional information you provide is as accurate as possible to help improve your changes of approval.
Establishing credit history as a recent immigrant in Australia
When you arrive in Australia, you will have to establish Australian credit history by opening and maintaining credit-based accounts. Some of the most common options include:
- Setting up utility accounts. This includes electricity accounts, postpaid or contract phone plans, Internet accounts and other energy or telecommunications accounts. You can learn more and compare accounts with this guide.
- Loans. This includes personal loans, car loans and home loans.
- Credit cards. This includes both credit cards and charge cards (of which there are only a few in Australia).
It's also important to open an Australian bank account once you are settled in Australia. While the details of your account will only be available to your Australian bank, you may be able to provide statements to other lenders to show that you are managing your money responsibly. If you decide to apply for a credit card with the same institution that you bank with, your transactoin account details could also help improve your chances of approval.
Advantages and disadvantages of getting a credit card as a temporary resident
- Build your credit. If you plan to become a permanent resident, getting a credit card as a temporary resident will help you build your Australian credit history.
- Flexible payments. An Australian credit card will allow you to make purchases in local stores using credit, which you can then pay off in full or over time.
- Increased borrowing power. It may be easier to get approval for personal loans, including car loans, if you already have a credit card issued by an Australian bank.
- Other types of credit. Once you have an Australian credit card, it could be easier to enter into other financial contracts, such as a mobile phone plan, or utilities for your residence.
- Limited availability. Not all financial institutions offer credit cards to temporary residents, and those that do may not offer all of their products to you.
- High rates and fees. To compensate for your residency status, you may find that you have to pay higher rates or fees for the privilege of having a credit card.
- Income requirements. With no credit file to refer to, many banks have strict income requirements to help offset the risk of lending to you.
- Credit history. If your application for an Australian credit card is declined, it may negatively affect your credit history here.
When you're looking at getting a credit card as a recent immigrant or temporary resident in Australia, remember that the application requirements and eligibility could be different to what's listed for permanent residents and Australian citizens. Make sure you compare cards based on their features and fees so that you can find one that suits your budget and needs while you're living in Australia.
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