How to Get a US Credit Card in Singapore

Why You Should Consider Getting a US Credit Card

The US credit card market is one of the most competitive in the world. American credit card companies offer rewards programs and perks that are far superior to most other countries. From lucrative sign-up bonuses, higher cash-back percentages, to elite travel benefits like airport lounge access, hotel status upgrades, and concierge services, US cards provide a ton of value.

For Singapore residents, having a US credit card can be especially attractive. Whether you're a frequent traveler to the US, or someone looking to build a credit history there for future financial ventures, a US-based card can be an incredible asset. But, how do you navigate the tricky application process as a non-resident?

Challenges You Might Face

Before we dive into the "how-to," it's important to acknowledge the hurdles:

1. Social Security Number (SSN) – Most US credit card applications require an SSN or Individual Taxpayer Identification Number (ITIN). As a non-US resident, this can be a stumbling block.

2. US Address – US credit card issuers typically require applicants to have a US-based residential address. They will mail the card to this address and expect it to be used for verification.

3. Credit History – Many US cards require a good or excellent credit score, which is tied to your US credit history. As a non-resident, this can be hard to establish unless you have some financial footprint in the US.

How to Overcome These Barriers

Here’s the good news: all of these challenges are surmountable. Let’s break down how you can work around each obstacle and ultimately get approved for a US credit card while living in Singapore.

1. Getting an ITIN (Individual Taxpayer Identification Number)

You don't need an SSN to apply for a US credit card, but you do need an ITIN, especially if you're living in Singapore. An ITIN is relatively easy to get, and it serves as a substitute for the SSN in tax-related matters.

To apply for an ITIN, you need to fill out the IRS W-7 form, which can be found on the IRS website. You'll need to provide documents proving your identity and foreign status, such as your passport. Typically, you can get an ITIN if you're required to file a US tax return or have other tax-related matters in the US. You can work with tax professionals who specialize in helping international clients with this process to ensure everything is handled smoothly.

2. Using a US Address

While you won’t have a permanent residence in the US, there are ways to acquire a US mailing address. Here are some options:

• Friends or Family: If you have relatives or trusted friends in the US, you can use their address for your credit card application. Just be sure to inform them about it, as they’ll likely receive the physical card and any correspondence related to your account.

• Mail Forwarding Services: Another option is to use a mail forwarding service. Companies like Shipito and MyUS provide you with a US address where you can receive mail and packages. They will then forward your mail to your international address. Be aware, though, some issuers might flag the use of commercial mail forwarding services, so tread cautiously.

3. Building US Credit from Abroad

This is the tricky part. If you’ve never had a US credit card or loan, your credit history in the US will be non-existent. However, there are some clever workarounds:

• Become an Authorized User: If you know someone in the US who trusts you and has a good credit history, you can ask to be added as an authorized user on their existing credit card. This can help you build your US credit history, as their positive payment history will reflect on your credit file. After a few months, you’ll be in a better position to apply for your own card.

• International Credit Card Programs: Some banks, like American Express, offer global credit programs. If you already hold an AmEx card in Singapore, you may be able to leverage this to get approved for a US-based AmEx card without needing a credit history in the US.

• Secured Credit Cards: If you’re struggling to get approved for a regular card, consider starting with a secured credit card. These cards require a cash deposit as collateral, but they report to the credit bureaus like a regular credit card, helping you build credit.

Step-by-Step Guide to Applying for a US Credit Card

Now that we’ve covered the potential challenges and workarounds, here’s a detailed guide on how to go about the actual application process.

Step 1: Get an ITIN

As mentioned earlier, apply for an ITIN by filling out the IRS W-7 form and submitting the required documents. You can also contact tax professionals who can expedite this process.

Step 2: Choose a US Credit Card Issuer

Some issuers are more friendly to non-residents than others. American Express, Chase, and Capital One are three of the most popular issuers that may be open to approving non-resident applications, especially if you meet their qualifications or can provide an ITIN and a US address.

Step 3: Secure a US Mailing Address

This could be through a trusted friend, family member, or a mail forwarding service. Ensure the address is reliable, as this is where your card and all communications will be sent.

Step 4: Apply for a US-Based Credit Card

Once you have your ITIN and US mailing address, you can go ahead and apply for a credit card. Make sure to provide all the necessary information, and if asked for an SSN, input your ITIN instead.

Step 5: Build Your US Credit History

If approved, use your credit card wisely and make sure to pay your bills on time. This will help you build your credit score in the US, which will make it easier to get approved for other financial products in the future.

Best US Credit Cards for Singapore Residents

Once you’ve set yourself up to be eligible for a US credit card, you’ll want to choose a card that offers the most value for your spending habits. Here are a few top recommendations:

1. Chase Sapphire Preferred

If you’re a frequent traveler, the Chase Sapphire Preferred is hard to beat. It offers 2x points on travel and dining, and 1x on all other purchases. Plus, there’s an impressive sign-up bonus that can get you free flights or hotel stays. It’s widely considered one of the best travel cards in the US.

2. American Express Platinum Card

This is a premium card, but it comes with a host of perks that justify the high annual fee. You’ll get access to over 1,300 airport lounges worldwide, annual credits for travel purchases, and elite status with hotels like Hilton and Marriott.

3. Capital One Venture Rewards Card

A simpler option for those who prefer straightforward rewards. You’ll earn 2x miles on every purchase, with no need to worry about categories. The card is also a solid choice because it doesn’t charge foreign transaction fees—ideal for use outside the US.

Conclusion: Is It Worth the Effort?

The short answer: absolutely. With the right planning and a little patience, getting a US credit card while living in Singapore can unlock a world of benefits, particularly if you travel frequently or plan to engage in business in the US.

While there are hurdles to jump over—like getting an ITIN, finding a reliable US address, and possibly starting from scratch with your US credit score—the rewards are often well worth the effort. Just think of all the points, cash-back, and travel perks that could be yours!

If you're willing to take the plunge and put in the work, you could be enjoying all the perks of having a US credit card before you know it.