You need to immigrate to Australia to apply for a credit card.

For immigrants, living abroad requires applying for a credit card. You know, it's difficult to move in Australia without a credit card. A small credit card can not only prove that a person has enough financial ability, but also prove that your reputation is very good, and it also saves a lot of unnecessary trouble when going through various procedures. We know that banks are not the only institutions that issue credit cards. With the assistance of banks, major department stores and airlines independently issue joint credit cards to consumers, providing services such as interest-free installment shopping, multi-point shopping and special discounts. These co-branded cards are usually very modern in design and are attractive to young people or consumers who like to accumulate credit cards. If the shopping center has chain stores in all States of the country, it can also be used in all stores. Co-branded card spending can accumulate mall points and credit card points at the same time, and the mall provides additional free packaging services for card users.

There are two kinds of credit cards in Australia: high annual fee, high reward, low or zero annual fee and no reward. The advantage of the former is that the money spent can accumulate credit card points or be converted into airline mileage points. Or, cardholders can get a thoughtful travel accident insurance when they buy international air tickets, which saves the cost of spending money on insurance. This card is suitable for people with certain economic strength, frequent business trips and good financial management. Its service is good and its annual fee is relatively high. Take the Federal Bank as an example. According to the different grades of ordinary cards, gold cards and platinum cards, the annual fee ranges from 59 Australian dollars to 200 Australian dollars.

The annual fee for credit cards without rewards is generally below 48 Australian dollars. Australia has a high degree of networking, booking hotels and air tickets are generally done online, and you can also swipe your card for car refueling, supermarket shopping and taxis. Choose this card, life is convenient, don't spend too much money. And credit cards for students. Although there is no annual fee, the credit line is relatively low.

No matter which credit card you choose, you can get an interest-free period of 44 days, 55 days or up to 62 days.

Although credit cards can really bring convenience and benefits to your life, Australians who are used to living in debt find that credit cards also exist when the economy is no longer so prosperous? Worse than a tiger? On the other side. For example, if the arrears are not paid after the interest-free period, the bank will mercilessly charge very high interest according to the total amount owed, usually above 15%.

It is worth noting that Australia will reform the credit card system! Since July this year 1, many commercial banks in Australia have begun to reform the credit card management system. The main contents of the reform include: card issuers are not allowed to issue invitations to increase credit card limits without the permission of cardholders; The amount of credit card payment that has not been fully settled must be implemented in accordance with the principle of limited maximum interest rate; Credit card issuers cannot charge fees that exceed the credit limit of credit cards.

In addition, the reform also puts forward specific and clear requirements for cardholders, including: cardholders need to pay off credit card debts in time to avoid paying high overdue interest; Require cardholders to pay a monthly fee slightly higher than the minimum repayment amount stipulated by the credit card; Cardholders need to pay close attention to every expenditure.