Want to know which Australian credit cards are available for temporary residents? Find out more about your options here.
Temporary residents can apply for a number of different credit cards while they live in Australia, but there are some restrictions you should be aware of. The requirements and features of credit cards for temporary residents vary depending on factors such as the credit card issuer, the type of visa you hold, your income and other individual details.
This guide outlines the different credit card issuers in Australia that accept applications from temporary residents, the requirements you have to meet and other key details to help you make an informed decision when you want to apply for a credit card while living in Australia.
Which banks offer cards to temporary residents?
The range of credit cards available to temporary residents in Australia varies between banks and may also depend 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 of someone with a 417 or 462 visa.
The following table outlines 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:|
American Express credit cards
|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|
|Citibank||No||You can only apply for Citibank credit cards if you are a permanent Australian resident or recent permanent resident (at least 12 months). Citibank 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?
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 must 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/s. It is recommended that you get official, written confirmation of your employment contract, including details of your salary to verify these details.
- Income. You must have a regular, Australian taxable income to apply for a credit card. Minimum income conditions may also apply for certain cards.
- Monthly expenses. You will be asked to provide details of your monthly expenses, including rent and boarding costs. You may also be asked to supply written documents to support this information.
- 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 (e.g. two years before expiry).
- 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 eligibility requirements will vary depending on the issuer and credit card you apply for, but being prepared with all of these details will help you speed up the application process.
What else do I need to know before I apply?
Credit card issuers in Australia 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 doing your research and 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 any explanation.
- Reference checks. You may be asked to supply names and contact information of Australian residents who can verify your financial stability. 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 looked into closely 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 your financial history in the country is pristine.
- 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.
As the requirements that temporary residents must meet can differ between different banks and providers, it’s a good idea to discuss your individual circumstances with issuers 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.
Advantages and disadvantages
- 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.
- Personal loans. 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.
Frequently asked questions
Why does the remaining time on my 457 make a difference with a credit card application?
Banks look at the length of time remaining on the visa to ensure that you will be in Australia long enough to repay any debt accrued on the credit card.
Can I transfer credit debt from my cards back home to the one issued to me in Australia?
No. Balance transfer offers are only valid on balances held by another Australian financial institution.
What happens if I default on my credit card and leave the country?
Collections proceedings will begin against you and will remain in place if you ever decide to return to Australia.
Will an unpaid credit card debt affect my application for permanent residency?
It depends on the circumstances. The Department of Immigration will be able to provide you with more information about your previous credit history in Australia in relation to your application. Remember that credit card debt will also affect any applications of enquiries for other credit products that you make in the future.
I am on a 457 visa and have an Australian credit card with a $5,000 balance. Can I get a balance transfer to another Australian card?
You might like to get in touch with the credit card issuer directly to discuss your eligibility, financial history, income and ability to repay to discuss your chances of approval before applying for the card. Please note that rejected applications will have a further negative impact on your account, so it’s wise to discuss your options or work on improving your score before you apply for a new card.
What if I don’t have a 457 visa but still want to apply for an Australian credit card as a temporary resident?
There are a few providers that offer credit cards to temporary residents, each with their own specific requirements and considerations. If you want to apply and can’t see details of your visa listed here, you can contact a provider directly to find out more based on your circumstances.