Temporary Resident Credit Card
Temporary Resident Credit Cards are offered by a number of Austrlian Banks though are subject to some specific eligibility requirements that vary by provider, these requirements include proof of a minimum annual income level and a current Working (457), Business, Investor or Student Visa.
Credit Card Minimum Income Requirements For Temporary Residents
As each of the Credit Card providers will have no “credit history” information to reference on non-Australian residents, they have no facts about how good or poor applicants are at repaying debt on products such as credit cards or loans.
This lack of “evidence” of repayment performance leads the credit card providers to adopt a relatively conservative approach to new credit card applications from non-residents. This conservatism is clearly shown by the prevalence in the application eligibility criteria of a minimum annual income of $50,000 (pre tax), though lower levels do exist, with American Express leading the way with the lowest salary requirements on its American Express Qantas Discovery Card ($35,000 p.a.) American Express Velocity Escape Credit Card ($40,000 p.a.) and Essential Credit Card ($40,000 p.a.)