My wife and I have been playing the credit card game for the past few decades. Now that we’re both retired, we’re thinking of moving abroad. Is there anything against us using our US credit cards with no foreign transaction fees in foreign countries for the long term? We’ll use our kid’s address as our billing addresses.
US credits cards after moving abroad for retirement
byu/godsgifttoaviation inCreditCards
Posted by godsgifttoaviation
6 Comments
No issues at all, as long as you still have a US billing address and phone number.
You should also consider the Schwab “investor checking” account. You need to technically open a Schwab brokerage account (you don’t have to fund it, you can open it for $0) and with that you get a checking account with a debit card with no foreign transaction fees *and* all ATM fees are reimbursed, worldwide. Any ATM.
Get yourselves a BoA Alaska summit for 3x on everything and you’re basically set.
You need a USA phone number that is not a VOIP that is blocked by banks for texting one time passcodes. For example Google voice doesn’t work, but a Tello or USMobile sim card with wifi calling does. Google Fi will not work because they kick you off after 6 continuous months abroad
This cannot be fixed by your bank sometimes because it’s VISA or Mastercard asking for these SMS text codes
look into USAA
they allow checking and credit card accounts with an international address
No do exactly like you plan to do with your kids addresses, and make sure you keep your bank account open in the US to pay the bills from.
Make sure one of them allows mobile deposit of checks as well just in case. It was very useful when I got the Covid relief money sent to me in Japan. There was no way to cash it, but I could easily use mobile deposit.
Open up a Schwab account so that you can take money out from ATMs with all fees reimbursed