457 question
 

hi im currently just bee aproved for a 457 visa im wondering what sort if any credit can you obtain on this visa? credit card? loan? ect ect

many regards,:)

Re: 457 question
 

Hi Foster

Not really an immigration forum question, it might be worth asking a mod to move your thread to the main Australia forum to get a better selection of answers, many people in this part of the forum have never set foot in Australia. ;)

Anyway, I have just arrived on a permanent visa and they did ask to see proof of our PR visa for our car loan. We haven't managed to get an Australian credit card yet, although we have not tried particularly hard. Being on a temporary visa will present some challenges but I am sure they can be overcome, as I say, you will get a better range of answers outside immigration forum.

Re: 457 question
 

Done :thumbup:

Re: 457 question
 

I had a mortgage and credit card from Comm Bank. Nevr applied for any other type of loan so can't comment.

Mortgage is probably easiest to get as you can't skip the country with a house in your back pocket.

Re: 457 question
 

As we have to transfer money back to uk for mortgage - we got uk loans as some v good deals out there... Just applied for credit card so will let you know...

Re: 457 question
 

I am on 457, with Commbank, have credit card x 2 (work and personal) plus a car lease. Both expire one month before my original Visa expiry date. Just had to provide proof of expected salary and all sorted!
Bizarrely I can'y have an overdraft though!!!

Re: 457 question
 

We transfer money back to UK every month for our mortgage, we use Tranzfers and its easy peasy, never had any problems with them/.

Re: 457 question
 

All up to the bank, although considering the ease with with a 457 visa can leave Australia (or be thrown out) it is surprising that any credit is available.

Re: 457 question
 

So therefore ALL persons who have credit in Australia should not be able to move freely in and out the country, just in case they do a runner then?? A silly statement and more to do with your negatives towards 457 Visa's rather than the point of the OP question.

Re: 457 question
 

Those with permanent residence or Australian citizenship: a. can't be forced to leave in 28 days, and b. have a lot more to lose by abandoning Australia. From a lender's point of view - completely different risk involved.

Re: 457 question
 

Hi, we are on a 457 visa. We bank with Westpac and were offered a credit card when we produced id at the branch on arrival in Melbourne. We just had to provide my OH contract of employment. We also have a car loan, again just had to prove income and outgoings.

Re: 457 question
 

I had 2 credit cards, a car loan secured to be paid off 1 month before expiry of visa, and we were going through the process of applying for a mortgage, which we ended up putting off, but the only thing the bank were asking for was proof of the deposit. Overall I don't think there's a lot you can't obtain on a 457 as long as you can prove willing to repay

Re: 457 question
 

hi all, all these answers are perfect thank you all for answering my question. :) my next question lol ....i have only been in Australia for 8 weeks how soon have you guy applied for credit cards ect ...? just dont know if u have to build some sort of credit profile up first before credit

many regards

dale :thumbup:

Re: 457 question
 

You need a full time job and confirmed salary, I assume you have a bank account so therefore just go ahead and ask the bank. BUT, some banks are not so accomodating as others, look at your options and then go for it. WE got our credit card 6 weeks after arriving.

Re: 457 question
 

Have two credit cards american express and visa and a car on finance. Only issue was that the car loan could only be for the duration of the visa. Bit bizzare as the value of the loan is far less than the limit on my cards - but who said banks were bright. I know plenty of people with mortgages though the criteria is tighter and usually want a decent deposit

Re: 457 question
 

We arrived on a 457 and got a credit card with pathetic credit limit with CBA. Had to keep UK credit cards for airline trips etc. Even after 2 years of PR and a high-ish income and high $ in my account, CBA refuse to give me a decent limit as they took ages to update my details. I suspect this is just CBA tho.:thumbdown:

Re: 457 question
 

We are on 457 bankwith NAB and applied for visa and credit was $15k

Re: 457 question
 

I need to change credit cards - CBA is sh1te. I rarely need a credit card so my spending is low - maybe that is the problem as I've got 2 years PR, way above average salary and CBA will only give me $8K. They didn't update my visa status when I popped in 2 years ago with the paperwork, so have only listed me as PR for 6 mths. I haven't enough credit to buy return tickets for the family to UK on an Oz credit card. Asked CBA if I could credit the card to get up to the $12K required and they said 'we don't allow that'. Asked for a higher limit and they refused saying I could contact them when 'my financial circumstances changed'. I've got the money in my savings a/c! Go figure. So I need to keep a UK Credit card up to date to pay for flights.:thumbdown:

Re: 457 question
 

I would definatly change card - the new Virgin one looks decent and the NAB ones are pretty good as they get quantas points

Re: 457 question
 

Interesting, I am on a 457, been here 2 1/2 years and have a credit limit of 25k with CBA. Started at 12k and risen through use and need, always pay it off in large chunks so maybe its a useage thing.

Re: 457 question
 

I would guess that as well. I have a CBA credit card and while it has a low limit of $5k (by choice) I am forever getting letters from CBA offering to increase the limit.

Re: 457 question
 

Does everyone think going in to to bank would be better than applying online?