Reply
Contributor
Charmlessman
Posts: 88
Registered: ‎03-19-2013

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

Community Leader
Senior Contributor
myjourney
Posts: 25,277
Registered: ‎02-07-2013

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 

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13
Senior Contributor
longtimelurker
Posts: 5,488
Registered: ‎04-22-2013

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!

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi TY Preferred, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 841 (Jul)
Contributor
Charmlessman
Posts: 88
Registered: ‎03-19-2013

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
Charmlessman
Posts: 88
Registered: ‎03-19-2013

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. 

Valued Contributor
BearsAndTurtlesRtheBest
Posts: 3,268
Registered: ‎10-02-2012

Re: Capital 1 Cash Rewards for Newcomers Alternative

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

Closing all of these credit card accounts once paid off for a fresh start.
$600$800$1,000$500(AU) $2,500
EQ FICO---, EX FICO---, TU FICO---, AAOA 5 months, Utilization 70%, No delinquencies of any sort.
Inquiries on EQ: 19, Inquires on EX: 30, Inquiries on TU: 21, Gardening Since 06-25-14

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+