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Author Topic: Credit for new resident in the US  (Read 1989 times)

Offline ChAiM'l

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Credit for new resident in the US
« on: May 23, 2010, 05:26:28 PM »
I received my Green Card/SSN last summer and I'm an additional cardholder on three different cards ever since. Does anyone know how long it takes to rack up a decent credit score in order to apply for my own card, or should I just go with a secure cc etc.?
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Offline Cholentfresser

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Re: Credit for new resident in the US
« Reply #1 on: May 23, 2010, 05:51:57 PM »
being an additional card holder on someone else's account does build your credit unless your SSN was given in when u applied to be an addition card holder.

secure cards are a great way to start when u really have nothing else.
captial one cards are very easy to get accepted. both don't get u any points or miles; just build your credit, which is what u r looking for. the only dif. is that many times secure cards have an anual fee (besides for the fact that u need to put down money 2 open it)
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Offline ChAiM'l

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Re: Credit for new resident in the US
« Reply #2 on: May 23, 2010, 06:00:36 PM »
My question is- I gave my SSN on the application, is that as good as a secure cc, or will getting one build my credit faster?
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Offline ChikkyMonkey

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Re: Credit for new resident in the US
« Reply #3 on: May 24, 2010, 10:31:28 AM »
Another suggestion, if you have an American Express from a different country, they may be willing to extend you credit based on your history with them. I know that applies to Canada, not sure on other countries but doesn't hurt trying... Other companies may also offer this service. With amex they had a special number to reach the agents who deal with this...

They also will transfer your credit history with them, so in a few months you can have credit history of many years...
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Offline Dan

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Re: Credit for new resident in the US
« Reply #4 on: May 25, 2010, 03:10:03 PM »
The secured Citi card with the high interest earned on the secured balance looks very good.
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Offline aussiebochur

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Re: Credit for new resident in the US
« Reply #5 on: May 25, 2010, 03:16:14 PM »
Quote from: ChAiM'l on May 23, 2010, 05:26:28 PM
I received my Green Card/SSN last summer and I'm an additional cardholder on three different cards ever since. Does anyone know how long it takes to rack up a decent credit score in order to apply for my own card, or should I just go with a secure cc etc.?
If you've been an additional card holder for almost a year, why don't you try applying for a regular CC and see if you get approved?
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Offline Avid Reader

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Re: Credit for new resident in the US
« Reply #6 on: May 26, 2010, 10:15:58 AM »
Quote from: Dan on May 25, 2010, 03:10:03 PM
The secured Citi card with the high interest earned on the secured balance looks very good.
I heard that banks stay away from you when they see you have secured credit because it's an announcement that you cant get real credit. Can anyone verify?
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Offline aussiebochur

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Re: Credit for new resident in the US
« Reply #7 on: May 26, 2010, 01:32:50 PM »
Quote from: Avid Reader on May 26, 2010, 10:15:58 AM
I heard that banks stay away from you when they see you have secured credit because it's an announcement that you cant get real credit. Can anyone verify?
Most secured cc's are reported the same way as a regular CC, so the banks have no way of knowing. If you want to be sure, just ask the CC provider before applying.
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Offline ChAiM'l

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Re: Credit for new resident in the US
« Reply #8 on: May 26, 2010, 01:57:49 PM »
@ aussiebochur-
I tried, and was declined, because I have a "thin file".

(Sorry, I'm writing from phone and quote option doesn't work)
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Offline mancunian

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Re: Credit for new resident in the US
« Reply #9 on: May 27, 2010, 05:48:55 PM »
Quote from: Avid Reader on May 26, 2010, 10:15:58 AM
I heard that banks stay away from you when they see you have secured credit because it's an announcement that you cant get real credit. Can anyone verify?

i heard such a thing too, even about a gold card or such - but on my credit report i was never able to any reference to anything like that....

chaiml - why dont you just check your credit?
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