How to Access US Credit – Even before you arrive in the US!

According to the latest US Department of Homeland Security statistics, 3,239 Australians obtained legal permanent residency in 2016, and another 5,609 obtained E-3 visas.

One of the main challenges facing these and thousands of Australian expats every year is how to access US credit without a US Credit Score.

The simple reality is that no credit score is almost the same as a bad credit score!  Thousands of Australians who arrive in the US experience the frustration of a zero credit history.

Building a credit score while still in Oz is a convenient credit offering from HSBC. Also if you are looking to purchase a property in the US and you do not have a credit history, HSBC is geared to help expats get a mortgage.

At the end of the day it is personal choice and which bank offers you the best service, interest rate etc. is best decided by doing your own due diligence.

Credit Cards:

The Australian Community recognized this challenge and in 2012 introduced a program where Australians arriving in the US can open bank accounts and obtain a US credit card through HSBC’s Premier and Advance expat platforms, even if they were not existing customers and without a Social Security Number.

For members in Australia who are on the way, they can open a local account with HSBC and then receive a US credit card to use, and build a credit history, before they arrive in the US.

This is a unique program to access a US credit card and start building a US credit score.

Home Mortgages:

Under this program our members can also access US Home Loans even if they do not have the 2 year work or credit history or a Social Security Number!.

  • HSBC may finance up to 75% for a primary home, cash out up to 70%
  • HSBC may finance up to 70%, as a second home, condo, co-op, one family etc, cash out up to 65%
  • HSBC may finance up to 60% on an investment property

For those members who have not yet left Australia, you can obtain a US credit card before you arrive in the US and thereby build a US credit score through your daily purchases in Australia!

These programs are being managed by our HSBC Relationship Managers in New York.  You can use the form below to have a Senior Relationship Manager or Mortgage Consultant contact you with all of the details.

Assisting our members overcome the challenges of living in the US is core our Mission.  Providing a way for our members to not only access credit in the US, but to build a US credit score whilst still in Australia makes perfect sense, and is an added value to joining our organization.

Please complete the form below to be contacted by a HSBC representative to discuss your credit needs to see if you qualify.