jorgealmd: How to obtain a credit card if you are new in the country with limited credit history or no credit history?
I am new in the country and just obtained a social security number a couple of weeks back. I have applied for 3 credit cards in the last 3 – 4 weeks and all applications have been denied because of “limited credit history” or “not enough information on file”. My wife is a U.S. citizen and has several U.S. credit cards.
How can I build credit if they won’t give a credit card to start with?
Answers and Views:
Answer by wendy_da_goodlil_witch
go to your bank and ask if they will issue you one or see if you can get a copy of one of your wife’s cards.
You can either get your wife to co-sign 2)open up store credit cards and pay them off on time-they help to build credit.Answer by jiggsy boy
Get a “secured” credit card.You have to put a deposit on it as a security to obtain one.It will help you establish credit.
Capital One has secured credit cards.Answer by Jessica P
You have a number of options. The first would be to get a secured credit card. This is a card that is backed by an upfront deposit. Essentially, you give your bank a small amount (2- 5 hundred dollars usually) and they will issue a line of credit. If you default on that line of credit, the amount owed will be taken out of the amount you have pre-deposited.
Here is a link to an article that discusses secured credit cards in depth.
What You Should Know About Secured Credit Cards
https://www.creditave.com/credit-cards/secured-credit-cards-what-you-should-know.html
And one that discusses how to get credit without having any.
Shed The No Credit Label
https://www.creditave.com/credit-cards/shed-the-no-credit-label.html
Hope that helps =)
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