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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 312188

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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