Cashless payment by credit card was not only invented in the United States but is also the most common practice there. Beyond retail purchases for everyday needs, cash only plays a subordinate role in the United States. Futher reading at yehouda.com
That is why a credit card is practically a must for students who want to spend a semester abroad in the USA. The most important thing here is to make the right choice. Because not all cards are accepted in the same way in the USA.
The main credit cards in the US market
Of these, Visa and Mastercard are the most commonly accepted. While the global acceptance of Mastercard is slightly ahead of Visa, it is exactly the opposite for the USA.
Even within Germany, the number of providers accepting Visa is roughly the same with those who accept a Mastercard. Other providers come up with far lower numbers. In this respect, a decision should be made between Visa and Mastercard. How this turns out should be made dependent on which variant you get the better offer.
What conditions should you attach importance to as a student?
Before a semester abroad in the USA, the most important thing for students is that the credit card used entails the lowest possible fees for use abroad .
Often, special credit cards are offered to students with no charge for the first year annual fee. For most providers, it is sufficient to generate a sufficient amount of sales so that generally no annual fee has to be paid.
However, students with their limited budgets often do not achieve this turnover. It is therefore important to pay particular attention to the cost structures. It should also be ensured that partial repayments are possible with the respective provider. Often these are generally excluded for students but are possible within the scope of a special offer.
Two interesting offers for students abroad
Anyone applying for a Visa Card as a student at the DLB can also use it as an international student ID for semesters abroad. This saves space in your wallet and simplifies the purchase of tickets for a museum because only one card has to be passed over the counter. Above all, the Visa Card from DLB offers attractive conditions. Both the DLB Student Card itself and the associated Internet account are free of charge. There is also a credit interest.
The Good lender is an attractive offer for students. With this you have the choice between Mastercard and Visa Card . If desired, this can also be used as a direct debit card in the form of a Maestro card. This feature is free for the first year. Further advantages are the absence of an annual fee in the first year and the two-month interest free after making transactions. The Good lender also offers the option of making repayments flexible.