Foreign Credit cards

fendervans — Wed, 11 Feb 2026 19:55:35 GMT

Has anyone domestic (US based USC) opened non resident credit cards with a banking institution in an Asian market (HK, Macau, Singapore, etc(or even Aussie))? Suggestions on which card, how does FBAR treat a CC vs a current account or brokerage, if applicable use of that card domestically, is this idea even worth it with no fee foreign transactions on the amexs, vent X and gemini? I keep finding an increasing meshing of east/west, global north/global south etc and trying to find the best card strategy(s) that fit Existing card relationships Amex, Cap1, FNBO, Gemini Existing bank account relationships Local CU, Amex, Cap1, Schwab, HSBC, Citi

Re: Foreign Credit cards

bs1234 — Thu, 12 Feb 2026 03:39:28 GMT

@fendervans wrote:
Has anyone domestic (US based USC) opened non resident credit cards with a banking institution in an Asian market (HK, Macau, Singapore, etc(or even Aussie))? Suggestions on which card, how does FBAR treat a CC vs a current account or brokerage, if applicable use of that card domestically, is this idea even worth it with no fee foreign transactions on the amexs, vent X and gemini? I keep finding an increasing meshing of east/west, global north/global south etc and trying to find the best card strategy(s) that fit Existing card relationships Amex, Cap1, FNBO, Gemini Existing bank account relationships Local CU, Amex, Cap1, Schwab, HSBC, Citi

I can address only one part: you don't need to worry about FBAR for a credit card (unless it has a positive balance I guess). FBAR/FACTA are about assets such as bank accounts. brokerages, pensions, etc, where things can be assigned a present value: a credit card doesn't have a similar value so does not need to be reported.

Caveat: if you get a card and really need to be sure, talk to an international tax lawyer. For some reason, they tend not to be cheap!

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Foreign Credit cards

Re: Foreign Credit cards