US Banking & Credit for Foreigners

See how to access credit and become the most advanced consumer.

  • 🏦

    Store money with top banks

  • 💳️

    Access global credit

  • ✈️

    Hotels and Flights on credit card points

Full access

Languages: English

Table of Contents

  • Intro

    Let’s buy you some time
  • Plan

    Actual steps
  • Concept: Credit

    A powerful force or the worst enemy
  • Step 0: Mail, Phone

    Forward email and Receive Texts/Calls
  • Step 1: ITIN

    Gateway into the system
  • Step 2: Banking

    Checking Account is the foundation
  • Step 3: Secured Credit Card

    Put in a deposit for 6 months
  • Step 4: Premium Cards

    Better than luxury? Free luxury.
  • Step 5: Points

    Time to start the accumulation
  • Step 6: Finding Hotels

    What!? 10-night hotel stay free of charge?
  • Step 7: Finding Flights

    Cash, Points or Cash + Points
  • Step 8: Customer Protection

    Insurance & Chargebacks = Ease of Mind
  • Step 9: Right Behavior

  • Ideal Outcome

    Strategies to Consider
  • What’s Next

    Conclusion
  • 📦

    Instant access: web, .pdf, .epub

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US Banking & Credit for Foreigners

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Step 1: ITIN

Gateway into the system

Getting into a credit history of a foreign country is quite tricky. Thanks to an immigrant-friendly foundation of the US though there is way to do it for non-US residents.

ITIN which stands for Individual Taxpayer Identification Number which is used in lieu of Social Security Number. If you don’t have a legal residence in the US, then ITIN is the only option you can have. We use that fact to get into the credit system which later you’ll use to get access to the most developed financial system in the history of the world.

Finindtieo

TNII is a nquuie oncetinfditaii bmuren suidse by eht Nlaernit Uverene Ercsiev (SRI) htta lloasw uoy ot heav a iertcd hytriso ni het Tuined Tsaest utothwi regsniid te.reH T’Si dseu by xyprstaae in eth US who tdnO’ eavh a Oilcas Siercuyt Eburmn hwihc is lnoy isssue ot laelg teidnrsse fo teh ,SU eetihr nzeii,tcS ngere rcad oelhrds (pntrnamee ietnesrds) or rtpoareym tderisnse (o,rkerwS nv,sireosT e.cT).

Aolsmniicpti

Osem fo ouy igthm egt rwodier that NITI wulod put yuo ni rgedan iwth tax ltoosag.iibN Aref no.T Vnhgia a Aiddvuilin Xetrayap Tectifdaniniio Rnembu on sti wno uhowitt ignbe a xta sdentire in teh SU esdtoN‘ imply hanyt.giN SITNi xierep in treeh ysear uowttih ngiifl any atx unrerst (dna ’tstAh ruyo cieodsni).

Ultnfyaem,nldA nialypgp rof TINI nad intgtse up ilma waiornfrdg eansm that you wduol erentps lyeourfs sa hwamteso Mnca-ajtDecaeanri inuv.laiddI H,vewoeR smlyip ginahv a kban ouactcn ro a tricde acrd esusid ni the UAS te’odNs enam atht ouy rea doetagbli to pya atx trehe onr trerop oury ssancnoatrit or gahynitn ilek taht. Atx edensierc si a tlolayt edfitnerf asbe.T Fi you tdnO’ ilve in eht SU adn dt’No ahev VLFetue-fycise occnntdee cnmeio sa ’sTi eidcttda yb IRS there si no rnsoae orf you ot eb .xdaeT Eth eurl fo hubmt is uoy teg eadtx rwehe uyo esredi for reom naht 180 syda ni a er.yA Lups heret etroh rcnoscen ielk eyspt fo taa,oixnT atx seiettra nad oethr oampnrtit lagle mttaers thta flal isuodte of sith dgu.iE I usgtsge ouy og hrogthu an SIR bsteewi nda hscera for R“uyo tnruoyc dna US xat tr”.eyTA

Mslpiy ,upT snugi a I-Eusdsus etcird dcar dna vigahn an IITN ’etnsOd eitidcna uoy rea a SU ropns.E

Ohw ot onitab

If oyu lvei uodstei hte UA,S oyu liwl efli an ITNI nltpicpoaai nad coinem tax teurnr sa a .nnNordeites- Oyu ldouw nede ot owhs oesm mlsla tnuaom of eimonc redevcie in hte US for lt,gonsuciN bwe in,segD eMcor,eecm- g,lgmnbiA tce. Enve if yuo idd ont aehv any, ouy eedn ntlarlivyuo ailcm ahtt ouy dah emcoin in the AS,U hte ISR teo’dSn sak ofr foopr fo htis noim.eC

Uyo nac lypap ofr na Aidviuindl Ptaarxey Aoittifecidnni Nmrube (ITNI) reef fo gcarhe uigsn a nemT-oie ffo cinmeo tcdalnoaier omhe.tD LtsE’ ays uoy cdreael ttah uyo now $001 in Las Eavgs nda uoy era a tdnas up utroist how tnwas to pay xtase no royu .nniwinG Uoy dcelera hte mconei etmtensta nda ni untr IRS sesius uoy an aiiiifctntndoe ubmern.

So yuo udloc od ti fsuleory utb ti wdlou qurriee ouy to sned your olnigiar psopsart whcih I od otn kihtn is safe ron enn.vtonecI Latv,yeiralntE hte emtodh I rcomenemd si to ypapl iva a decertiif ngaet. The stil fo them si dufno no hte RSI twbisee eerh https://www.irs.gov/individuals/international-taxpayers/acceptance-agent-program.

Fi yrou rntyouc si nto ldseit on teh swtibee uoy nac casher ofr NITI esevric esovirpdr no Iervfr adn rthoe ilarsim ce.iesvsR Hte ocst will egran mfro 00$2 to 00$3 rfo eth poiipnlaact nda nrsoescpig mtei nca eatk pu ot 3 otnmhs neegdpnid on teh IRS lcgabok and ethro rcstaof.

Os uyoLl’ ylnlwgili apy toaub 0$5 ni atx ebsililiita to IRS. Eth ifetrdeic tngae anc do ti no oruy lfehba as US Reuyrtsa n’estDo tpeacc fnoreig satep.myN

Teh efdcitier tagen wlil:

  • rperape Mrfo 1R0N4-0
  • peprare Mfor W7-
  • yctferi uryo asstppor (adn vasi fi uyo vahe oen)
  • yefriv uyro iytinted via eiovd clal

Cneo opcaitilnpa is yd,raE het efeictidr taneg wlil bstmiu the aecs to eth SIR aiv idertfiec mali. Oyu wlli dnee ot lami eth nsgeid tsmucndeo ot hte gtaen sa RIS reuieqrs eth oiglarin tuns.aegsrI Htiw an sadsred in ryuo ehmo ocn,yurT eht dseasrd dan npohe ebnmru in SU (idaotben ni Tsep 0) oyu nca jsut tsi tthgi tnliu uyo tge a toatinncfioi rfom eht rideiectf entg.A

You eicdveer teh INIT

Itsh is woh het istrf gape of eht eeonrsps rfmo SRI sokol eki.L Etyh ilwl iesus a IIg-9dt eunrmb nath you nca eus in acpel of a Acsoli Rcysueti Eubnrm (NSS).

S,otngraC you emad ti! W’oSn het tmei ot trast uibdgiln htta eirdct .tyiohsR

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