Best Study Abroad Credit Cards

John Ganotis

John Ganotis

Updated Jul 25, 2018

Studying abroad is a unique experience that allows you to travel and immerse yourself in a new culture. With these new opportunities come the responsibility of financial planning. Allocating your limited funds as a student can be difficult, especially with an entirely new currency and the burden of an exchange rate.

A credit card can be a free and convenient way to safely carry spending power without the same risks as cash or a debit card. However, if not used responsibly, a credit card can quickly become very expensive.

This page covers our top credit card picks for students going abroad, and we also cover credit card tips for studying abroad.

Best Credit Cards for College Students Studying Abroad

We’ve selected these three cards as some top prospects you might want to consider if you’re looking for a good card to use while studying abroad. Here’s why:

Barclays Arrival Premier World Elite Mastercard

Barclays Arrival® Premier World Elite Mastercard®
Apply Now

Barclays Arrival® Premier World Elite Mastercard®

For People with
Excellent Credit

  • Annual Fee: $150
  • Interest Rate: 17.49%, 21.49%, or 24.49% Variable
Quick Card Facts
  • Earn 2X miles on every purchase you make
  • Miles don't expire as long as your account is open, active and in good standing
  • Earn 15,000 bonus miles for spending $15,000 in a year, and 10,000 additional miles for spending an additional $10,000
  • Redeem your miles for statement credits or transfer them to another travel loyalty program
  • $100 credit for the Global Entry application fee every four years
  • Mastercard Airport Experiences by Lounge Key, providing access to over 800 airport lounges around the world
  • $150 annual fee
  • No foreign transaction fees on purchases made while traveling abroad
  • Chip-and-Signature and Chip-and-PIN capability for better access worldwide
  • Regular purchase and balance transfer APR of 17.49%, 21.49% or 24.49% Variable

The Barclays Arrival Premier World Elite Mastercard (Review) is more expensive than the other cards here, but it’s the only one of these three that supports Chip-and-PIN so it will be the most compatible abroad.

It has no foreign transaction fees, which also makes it a good fit for use outside the United States. But it does have an annual fee of $150, so this card is typically only meant for people who travel pretty often, or if you really need a card with PIN capability

This card also has a rewards program offering 2X miles for every purchase you make, with no limits. That will provide the equivalent of 2% cash back when redeemed for travel statement credits. You can also earn loyalty bonus miles: 15,000 bonus miles for spending $15,000 in a given year, and another 10,000 bonus miles for spending another $10,000. So this card is mainly designed for big spenders.

There are also some nice travel perks, like airport lounge access through Lounge Key (a $27 entry fee will still apply). A fee credit is available for the Global Entry application, which will speed you through airports. And the World Elite Mastercard travel services can make your trips much more comfortable and a bit cheaper too.

The Arrival Premier is designed for people with excellent credit, so it might not be available to many students, who typically have limited credit. If you don’t have credit established you still may be able to use this card. If someone you trust has excellent credit, and they also trust you, they could apply for this card and then add you as an authorized user so you can get this card, bring it on your travels, and use it to build your own credit history.

Capital One Journey Student Credit Card

Capital One® Journey® Student Credit Card
Apply Now

Capital One® Journey® Student Credit Card

For People with
No Credit

  • Annual Fee: $0
  • Interest Rate: 24.99% Variable
Quick Card Facts
  • Earn 1% cash back on all purchases, pay on time and that goes up to 1.25% cash back
  • Higher credit line after making first 5 payments on time
  • No annual fee
  • Made for students with limited or no credit
  • 24.99% APR for purchases and balance transfers
  • No foreign transaction fees

The Capital One Journey Student Credit Card (Review) is designed for college students, and it has no foreign transaction fee, which scores it big points as a card to use while studying abroad.

It earns 1.25% cash back as long as you’re paying your bills on time, and has no annual fee. If you’re new to credit cards and can’t get anyone to add you as an authorized user, this could be a great all-around choice. It’s a good card to start building credit that’s also a good choice for use while studying abroad.

Like most Visa cards issued in the U.S., this card has Chip-and-Signature technology, but not Chip-and-PIN — it will work many places abroad, but not as many as a card that support Chip-and-PIN.

Citi ThankYou Preferred Card for College Students

Citi ThankYou® Preferred Card for College Students
Apply Now

Citi ThankYou® Preferred Card for College Students

For People with
No Credit

  • Annual Fee: $0
  • Interest Rate: 13.99%, 18.99%, or 23.99% (Variable)
Quick Card Facts
  • Earn 2,500 bonus ThankYou® Points after spending $500 within the first 3 months of cardmembership.
  • 2 ThankYou® Points per dollar spent on purchases for dining at restaurants and entertainment.
  • 1 ThankYou® Point on other purchases.
  • Earn unlimited ThankYou Points with this card, and they never expire
  • Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more
  • Travel with ease and enjoy global acceptance with Chip Technology
  • No annual fee

The Citi ThankYou Preferred Card for College Students (Review) is another card designed for college students who want to establish credit history, so it doesn’t require that you already have significant credit history established.

It has no annual fee, but has a 3% foreign transaction fee, so it probably won’t be your top choice for use while studying abroad. The card has a reward program that earns points: 2 points per dollar for dining and entertainment purchases, and 1 point on other types of purchases. You’ll be able to redeem them for up to 1¢ per point, so this is almost like getting 1–2% cash back on purchases. Depending on the categories you spend on most, the ThankYou Preferred for College Students may earn you more in rewards value than the Capital One Journey, even though it may not be the top choice.

Since it’s a Mastercard with Chip-and-Signature, this card should be pretty widely accepted abroad, although not at quite as many places as a card with Chip-and-PIN technology.

Credit Card Tips for Studying Abroad

Keep these tips in mind, whether you’re looking to get a card or already have one that you’ll be using abroad.

Selecting a new card

  • Choose a credit card that’s widely accepted. If you’re looking for your first credit card, choose one that will be good in the U.S. as well as abroad. Keep in mind credit cards on the Visa and Mastercard networks tend to be more widely accepted abroad than American Express and Discover cards.
  • Find a card with no foreign transaction fees. Many credit cards charge a 3% fee on top of every purchase made in a foreign currency.
  • To maximize compatibility abroad, pick a card with Chip-and-PIN technology. Almost all cards in the U.S. use Chip-and-Signature, which is not accepted everywhere abroad. For example, at an unmanned train ticket machine there is no person to check your signature, so the machine may accept cards with Chip-and-PIN, but not cards that only support Chip-and-Signature. Barclays is the only major issuer in the U.S. that offers credit cards that support Chip-and-PIN. If you’re looking for a U.S.-issued card that supports Chip-and-PIN, we recommend the Barclays Arrival Premier World Elite Mastercard (Review).
  • If you don’t have credit established already, you may be able to get someone you trust with good credit history, like a parent, to apply for a card and add you as an authorized user.
  • If you’re new to credit cards and building credit, read our guide to building credit with credit cards and ask us any questions you have.

Using a credit card abroad

  • Contact your bank in advance to let them know you will be abroad and provide a list of your potential travel destinations. This will help prevent your card from being declined for possible fraud.
  • Sign the back of your credit card and carry photo identification. European countries take theft seriously and may refuse your card if they think it’s stolen. Since signing for a credit card transaction is not normal in other parts of the world, expect merchants to examine your signature closely — they probably won’t have the same lackadaisical attitude toward credit card signatures as merchants in the United States do.
  • Make sure you understand how exchange rates work, and the cost in U.S. Dollars for anything you’re buying. For example, if the current exchange rate of USD to Euros is $1 to €0.84, you’ll be paying $1.19 for every Euro you spend. At that rate, if you buy something on your credit card for €200 you’ll owe your credit card company $238.61.
  • Don’t borrow cash from your credit card issuer, unless it’s an extreme emergency. Cash advances are very expensive, and can show your lender you’re being irresponsible.
Was this helpful?

The Insider

Susan Shain
12 Best First Credit Cards (And All the Credit Questions You Were Afraid to Ask)
Susan Shain | Aug 15, 2018

Read More
John Ulzheimer
How Does the Credit Utilization Percentage Impact My Credit Score?
John Ulzheimer | Aug 15, 2018

The credit utilization percentage is a big deal when it comes to your credit score. Learn how to calculate it, what to aim for, and how to improve it.

Read More
Brendan Harkness
How Many Credit Cards Should I Have?
Brendan Harkness | Aug 09, 2018

Is there a perfect number of credit cards to have? Learn how to figure out the right number of credit cards for your lifestyle and spending habits.

Read More