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Capital 1 Cash Rewards for Newcomers Alternative

Contributor

Capital 1 Cash Rewards for Newcomers Alternative

Hi everyone

 

I have a colleague that is moving to USA and will start her journey to build credit. She will soon get her SSN and is asking me on how to get started. I suggested the Cap 1 Cash Rewards for Newcomers but I found out its not being offered anymore. Other than the Capital 1 Secured Card, what other card would you suggest for someone that is brand new to credit.

 

Thanks in advance for the help

5 REPLIES
Super Contributor

Re: Capital 1 Cash Rewards for Newcomers Alternative


Charmlessman wrote:

Hi everyone

 

I have a colleague that is moving to USA and will start her journey to build credit. She will soon get her SSN and is asking me on how to get started. I suggested the Cap 1 Cash Rewards for Newcomers but I found out its not being offered anymore. Other than the Capital 1 Secured Card, what other card would you suggest for someone that is brand new to credit.

 

Thanks in advance for the help


Very interesting question

With CAP closing the door on that card IMHO options are limited to secured cards to start and 9-12 months down the road when scores are generated apply for unsecured cards 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Super Contributor

Re: Capital 1 Cash Rewards for Newcomers Alternative

Is she new to credit in her home country as well, or just (will be) here?  The best route by far is to have an Amex in your home country, but most people don't!

Contributor

Re: Capital 1 Cash Rewards for Newcomers Alternative

I guess it will be then Secured Card from Capital One and possibly Credit Union that the company offers.

 

I wished there was a better alternative. Thanks

Contributor

Re: Capital 1 Cash Rewards for Newcomers Alternative

She has excellente credit back home but not with AMEX. Kind of the same way I started over here. 

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Senior Contributor

Re: Capital 1 Cash Rewards for Newcomers Alternative

Joint app! Thats how my DS began, and I plan to as well.

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