Best credit card for American student studying abroad?
He has a bank account with a debit card associated with it.
He used this previously when traveling abroad and it worked OK.
But it's not a very official looking card (no raised lettering), has some transaction fees, and it builds no credit history.
I'm thinking I'll have him apply for a student credit card.
He will pay it off every month (he has funds set aside for his expenses already).
He has no credit history and made about $9000 last year working part-time and summer job.
He just received an invitation to apply for the Discover Chrome It card.
No annual fee or foreign transaction fees.
This looks to me like a good card for him to start with.
Any better way to go?
Also, looks like limit will likely be $500. That may be enough but if he puts a surplus into the account will it allow him to spend more than $500? For instance, if he puts $500 into it to begin could he spend $1000?
Another question: application says he can include in his annual income "scholarships and grants (for living expenses only)." Does this mean any amount that does not go directly to tuition, for instance room and board?
Thanks for the help.