Quick Introduction
Foreigners and students have always had a hard time getting started with building their credit in the US because the US financial system relies on your FICO score. But then, it becomes a chicken and an egg problem. No FICO means no credit lines. But having no credit lines means no FICO score as well! SelfScore intends to serve this niche with this card by not requiring SSN. You would need to have a bank account, passport, student visa and your I-20. Let's find out more about this card.
How Does This Card work
Card Details
Intro APR: 0% APR on purchases and balance transfer for 15 months
APR: 19.74%*(v)
Foreign Transaction Fee: 0%
Rewards: 1% Cash Back on all purchases
Requirements: US Bank Account, Passport, I-20, Student Visa
Initial Limit: Up to $5,000.
Peer Comparison
Card |
Annual Fee APR FX Fee Rewards Score Rewards Score Monitoring |
SelfScore Achieve |
Annual Fee = $0 APR = 19.74% FX Fee = 0% Rewards = 1% Cash Back Score Monitoring = N.A. |
SelfScore Classic |
Annual Fee = $0 APR = 19.74% FX Fee = 0% Rewards = N.A. Score Monitoring = N.A. |
Capital One Journey |
Annual Fee = $0 APR = 20.74% FX Fee = 0% Rewards = 1.25% Cash Back Score Monitoring = Vantage 3.0 TU |
Discover it Student |
Annual Fee$0 APR = 13.74% - 22.74% FX Fee = 0% Rewards = 5% rotating categories 1% everything else Score Monitoring = FICO TU |
Discover Chrome Student |
Annual Fee = $0 APR = 13.74% - 22.74% FX Fee = 0% Rewards = 2% gas and dining 1% everything else Score Monitoring = FICO TU |
Citi ThankYou Preferred Student |
Annual Fee = $0 APR = 14.74% - 24.74% FX Fee = 3% Rewards = 2X dining out and entertainment 1X everything else Score Monitoring = N.A. |
Wells Fargo Cash Back College |
Annual Fee = $0 APR = 11.9% - 21.9% FX Fee = 3% Rewards = 1% cash back Score Monitoring = Bankcard Score 2 - Experian |
BankAmericard Student |
Annual Fee = $0 APR = 12.74% - 22.74% FX Fee = 3% Rewards = N.A. Score Monitoring = FICO TU |
BankAmericard Cash Rewards Student |
Annual Fee = $0 APR = 13.74% - 23.74% FX Fee = 3% Rewards = 3% on gas and 2% on grocery & wholesale club for first $2500 in these spending a quarter 1% on everything else Score Monitoring = FICO TU |
BankAmericard Travel Rewards Student |
Annual Fee = $0 APR = 15.74% - 23.74% FX Fee = 0% Rewards = 1.5X Score Monitoring - FICO TU |
State Farm Student Visa |
Annual Fee = $0 APR = 12.24% - 19.24% FX Fee = 3% Rewards = 1X for every $2 3X for State Farm Insurance Payments (up to $4000 a year) Score Monitoring - N.A. |
It is hard to compare this card with other student credit cards simply because no US based card explicitly targets international students and all require an SSN. However, there are a couple of exceptions.
The Citi ThankYou Preferred for College Students allow international students to get a credit card. You would need to open a bank account with Citibank and apply at the branch. You do not need a SSN or ITIN. However, you would need a passport and your I-20. The Citi ThankYou Preferred is a rewards card that allows you to earn 1.5X points (slightly more than self-score). So from a rewards standpoint, SelfScore is cash back card while Citi is a points card (which allows you to earn slightly more points). However, SelfScore has no foreign transaction fee while Citi charges 3% for that.
Another issuer that international students have had success with is Discover (both their it and chrome card for students). Once again, they do not explicitly market it to international students so I'm not sure if this would be a fair comparison. Both the Discover it and Chrome have better cash back program. Both waive the foreign transaction fees and they also allow you to monitor your TransUnion FICO score (which SelfScore does not).
Pros and Cons
- No SSN required
- 0% Intro APR for purchases 6 months
- No Annual Fee
- No Foreign Transaction Fee
- No Security Deposit
Cons
- Can't think of any - perhaps other cards have slightly better cash back program
Our Take
The SelfScore Achieve is meant to solve that problem by not checking your SSN. Instead, they will check your bank statements, your passport and your I-20. The card itself is pretty competitive with a cash back program and also do not charge any foreign transaction fees.
Issuers like Citi and Discover also accept foreign students without SSN. So those are potential alternatives.
If you are new international student in this country and are looking to establish a credit history, then we recommend you consider getting this card.