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| Subject:
Credit card account for foreigner just arrived in US with new social security?
Category: Miscellaneous Asked by: ultrasound78-ga List Price: $8.00 |
Posted:
10 Oct 2005 12:17 PDT
Expires: 09 Nov 2005 11:17 PST Question ID: 578564 |
Dear researchers, Is it possible to open a major credit card account (with cashback rewards), such as Chase, Discover, or Citi Card for someone who is just arrived in US few weeks and just received her new SSN? I would like to tell her to try apply one, and see what's the result. But if she got rejected, will it affect/reduce her credit score?? She needs a credit card soon and wants one with cashback rewards. |
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| There is no answer at this time. |
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| Subject:
Re: Credit card account for foreigner just arrived in US with new social security?
From: pinkfreud-ga on 10 Oct 2005 12:30 PDT |
Unless she has built a credit history in the United States, I think it's quite unlikely that she'll be able to get a major credit card. Perhaps her best bet is a secured card or a debit card that is attached to a checking account. |
| Subject:
Re: Credit card account for foreigner just arrived in US with new social security?
From: ultrasound78-ga on 10 Oct 2005 19:34 PDT |
Thanks for the comment, Pink. Do you know if someone got rejected for applying a credit card, does it reduce his/her credit score? In this case, if she gave it a shot then got rejected, is that going to affect her credit score?....if it doesn't, I'll suggest her to give it a try. |
| Subject:
Re: Credit card account for foreigner just arrived in US with new social security?
From: pinkfreud-ga on 10 Oct 2005 19:44 PDT |
I am not an expert on this, but it is my understanding that being rejected for a credit card does have a negative impact on your credit record. From a Kiplinger's article: "Being rejected for a credit card can also hurt your chances of being accepted for one in the future." http://www.kiplinger.com/personalfinance/basics/managing/cash/firstcc.htm |
| Subject:
Re: Credit card account for foreigner just arrived in US with new social security?
From: phinky-ga on 14 Oct 2005 06:10 PDT |
Tell your friend to start building a credit history by applying for a couple of Store charge cards...Saks, Bloomingdales, Target, etc. ....I recieved my new SS number a few months ago and the strategy appears to be working. Needless to say, she will need to be assiduous in her payment history and keep any balances low. Inquiries for new credit DO show up on your report and may give the impression that you are applying for more credit to get out of debt. Unfortunately there is no quick fix...she's going to have to be patient. |
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