New to the country and trying to get a credit card

For just about anything you want to get off your chest about credit cards.
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shake1dde
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Postby shake1dde » Sun Nov 16, 2008 4:42 pm

Floppster wrote:Hello, I went through exactly the same thing you'll have to go through now.

The way it worked for me

1.) Got my SSN with zero history and zero credit
2.) I got denied on every credit card I applied for ( I tried about 30 cards )
3.) The way out was capital one at the time who was the only bank which offered me a low limit cc.

Anyhow the fastest way of doing it right is: Go to Bank of America and open a Bank Account. Than talk to them about a secured card (up to 10k). They'll hold your money for up to 2years. Credit will then build quick. It is easy to get credit up however once you mess up you have a lot of work to do.

BTW: Forget the American Express for right now. Think about it in approx. 2 years.

Good luck :D




wow... 30 applications? I would have thought that many credit pings would have tanked your credit.

Thanks for the suggestions everyone. As I thought (and most of you have confirmed) I won't be able to get any 'decent' card. I don't like the idea of prepaid cards because it's my money.

If I use my SSN for things like utilities / internet / cell phone, will that help build my score?

In the mean time, Visa is going to give me a US dollar card based on my Canadian history.


bikermike
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Postby bikermike » Sun Nov 16, 2008 6:45 pm

I can't answer your questions about how to get a card in that situation but I do know that utilities/cell phone/internet don't count on your credit file really. They show up if you default but other than that they only do a soft pull on your credit and don't do any reporting after. I hated this too when I was young because I was paying all my utilities and what not on time but it wasn't doing really anything to help my credit.

Floppster
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Postby Floppster » Sun Nov 16, 2008 8:09 pm

shake1dde wrote:wow... 30 applications? I would have thought that many credit pings would have tanked your credit.

Thanks for the suggestions everyone. As I thought (and most of you have confirmed) I won't be able to get any 'decent' card. I don't like the idea of prepaid cards because it's my money.

If I use my SSN for things like utilities / internet / cell phone, will that help build my score?

In the mean time, Visa is going to give me a US dollar card based on my Canadian history.


Yeah all the inquiries disappeared over time. Some after 3 month and some after 2 years. Bills do not help you to build credit they only help you to destroy credit (if you don't pay) :D (Sorry had to say that).

Talk to your bank, get at least a low limit secured card. That will help and after 1 year you'll be able to get whatever card you want.
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955

shake1dde
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Postby shake1dde » Mon Nov 17, 2008 9:50 am

Thanks for the advice everyone! I guess i'll have to bite the bullet and do just that.

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Cucumber
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Postby Cucumber » Tue Nov 18, 2008 2:04 am

Floppster wrote:Hey Cucumber,

got here in January 05 got my first CC in July 06 and got my first Amex in early 07. I am sure it is still easy to get credit however I think they just lower the limits.


That's awesome they gave you an Amex within a year. :D Were they counting the credit you built up in your home country too?
OBAMA
Stop talking crap about him!

Floppster
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Postby Floppster » Tue Nov 18, 2008 6:02 pm

Cucumber wrote:That's awesome they gave you an Amex within a year. :D Were they counting the credit you built up in your home country too?


Nope, they didn't check anything in my "home" country. They just started low on me. They increased my limit 3 times within the first year. Than they increased it another time as soon as my first year was over. Now I think they won't increase it any further however I don't need it. I think they are not worried about their clients who check their account 3-4 times / day and check their credit at least once a day. There are sick people and I am one of them :D

I think that Credit Card Companies don't care to much if you have a fair credit as long as they see that the reason for the credit being fair is not any mess ups but rather due to the short history.

Anyhow I think I can say that I was really lucky with the choice of my cards as well as the customer service reps and as long as your credit to debt ratio is alright they may not decrease your CL. Maybe I am wrong and I am just a happy camper :eek:
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955

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Cucumber
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Postby Cucumber » Wed Nov 19, 2008 1:49 am

LOL I check my Amex account all the time online too. That little musical melody when you go to their homepage I can replay perfectly in my head I've heard it so many times :D We're sick but in a good way because without credit it's hard to do much. They even check it when you apply for a job now!

Amex increased the limit on my Blue cards often too when I opened it. The use to have a little button on there that said 'increase credit limit' on your my summary page under the card and you could click it and it up to once every month and I did do it every month!!!! Now though they took that away like a year ago because of the economy. It's okay for me too though because my limit with them is plenty high and I never have let my balance go above 30% ever. I was able to pay off a balance I've had on there for a year to zero on Monday and that felt really good. :D :D :D The media acts like everyone is running up their balances right now but there are those who are paying it down too. I hope Amex doesn't slash everyones limits across the board if times get rough because I love the limit they have gave me!!!
OBAMA
Stop talking crap about him!

Floppster
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Postby Floppster » Wed Nov 19, 2008 8:29 pm

Yeah I love their limits. They fortunately didn't touch mine yet. One of my buddies just got decreased and he has a perfect score. Maybe if you use Amex on a daily base they leave you alone as long as they see you pay your stuff. I am not entirely sure how they do it. Anyway Amex is by far my favorite. I know the nice da-la-da-la-da-la-da-daaaaa sound and even my computer plays it now when I start it up, my door bell sound is exactly the same and not to forget the horn on my car plays it when I hit it. People always get mad at me when I want to here ma song ..... Do I love American Express ? .... maybe .... Am I addicted to American Exoress ? .... I think so :D
Intellectuals solve problems. Geniuses prevent them.
- Albert Einstein 1879-1955

Multi-Purpose
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Postby Multi-Purpose » Tue Nov 25, 2008 12:27 pm

That is too bad they can't work out a system to count your credit in your native country too. But I get why because every country has different ways of tracking credit history and some none at all! What could be done though is a system worked out to share credit among countries that have got the system down (US, Australia, UK, Japan, etc) and not necessarily the whole credit score would have to transfer but at least it could be partially counted for newer citizens here.
[font=Comic Sans MS]Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek.
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