| Moving to another country can be an extremely | | | | citizens, obviously subject to certain approval criteria. |
| exciting but often daunting time. Not only do you leave | | | | The ANZ Credit Card is just one of these credit cards |
| friends and family behind but you also have to make | | | | that is available to both residents and non residents of |
| adjustments to the way in which you go about | | | | Australia who are over 18yrs of age and have a good |
| achieving everyday tasks such as shopping and | | | | credit rating. Generally speaking, a permanent |
| paying bills, which were previously carried out trouble | | | | Australian resident requires a minimum annual salary of |
| free. | | | | $15,000 and non-Australians/temporary residents need |
| The first thing you may notice after investigating all the | | | | a typical minimum salary of $50,000+. That is the |
| beautiful Aussie beaches of course, is that Australia | | | | unfortunate catch. You will be often best served to |
| does not seem to have caught onto buying online or | | | | submit your online application, and expect a referral |
| over the phone the simple way. As a new resident, | | | | note to be passed on if you don't often meet the |
| don't be surprised if you are somewhat confused and | | | | salary requirement criteria. The bank/vendor will then |
| frustrated to discover that you can no longer use your | | | | get in touch to discuss your circumstances and advise |
| debit card to make purchases, bookings and bill | | | | you if you can still apply. |
| payments. Instead you will need a credit card to do | | | | Other lenders who consider offering credit cards to |
| just about all of these things. | | | | non residents include: |
| When it comes to finding a new credit card, only to be | | | | - ANZ - min earn $50,000 |
| turned away because you're a temporary/non-resident | | | | - Amex - 457 visa (current temp business long stay |
| category, the temperature certainly starts to rise and | | | | visa) |
| not just the one displayed on the mercury. | | | | - Aussie - min earn $50,000 |
| Taking a few steps back, it's important to look at the | | | | - CBA - Current Australian visitor's visa |
| history of Australian finance and why things are the | | | | American Express currently accepts residents who |
| way they are. Australia's banking environment was | | | | are on a 457 visa. This is a temporary business long |
| deregulated in 1980's which resulted in a much more | | | | stay visa, as usually sponsored by an employer to |
| competitive environment and a better deal for the | | | | grant you the right to work and reside in Australia on a |
| borrower. This is great news for residents and | | | | temporary basis. |
| non-residents alike as it means more variety of | | | | If you are on a 457 visa, then perhaps an American |
| products and lenders to choose from. Good news so | | | | Express credit card may be suitable for your needs |
| far, we hear you say. | | | | and circumstances. As the Amex fine print displays |
| So how does a temporary or non-resident go about | | | | that you can apply for any card out of their range if |
| applying for a credit card? If you shop around, there | | | | you meet the 457 visa requirements for non-residents |
| are actually a number of lenders who are willing to | | | | and further meet the general income earnings criteria. |
| issue credit cards to non residents and temporary | | | | |