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Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: How to get a Credit Card?||Date: 1/30/2001 6:39 PM|
|Author: chrismclaren||Number: 56163 of 308847|
Been through the same not-much-fun situation. Here's how I got through it.
1. If you have an amex from your home country, get it transferred to the US - they won't require a US credit history and after you have it a while they will report to the agencies so you get a history (if you don't have an amex back home, maybe you should set one up back there and then transfer it)
2. Get a secured credit card from someone like citibank - laydown $1500-2000 and they'll give you a visa card and this will help establish history - after 18months of good record, they'll give you back your deposit (with a little interest).
3. To get a car - Chase Auto seemed to be the most receptive to dealing with 'Aliens' - you'll just have to put down a far amount ($5k-$7k) and pay a high rate. The best plan is to get a cheapish car, and pay off your loan quick - this is great for your history - shouldn't be hard on 100k!
Within 1 year you will be fine and you'll have hundreds of damn credit card offers coming in the mail! Just what you wanted.
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