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New Immigrant in USA/Capitalone

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New Immigrant in USA/Capitalone

Good Afternoon Everyone,

First post here ever.... 

 

I have 0 credit never applied for a credit card in my life nor have any loans and or anything like that till this morning.....

Applied for a capitalone to start to build credit of some sort and they denied me Smiley Sad 

 

I literally saw this forum by searching on google how to build credit, and im hoping to get some sorta guidance if possible on how to build credit responsibly.

 

My English is terrible please forgive me if it is hard to understand as English is not my native language

Message 1 of 10
9 REPLIES 9
Regular Contributor

Re: New Immigrant in USA/Capitalone

Get a secured credit card that does not require a credit check.    There's an annual fee of $39 put on your first credit statement, and a minumum of $200 security deposit.  But you should be accepted.  

 

I've had these three before and had no complaints.  First Progress you could get through easily to talk to someone, if need be.  Green Dot is hard to find a live person to talk to if there's a question.  But all online setups to pay your bills are fairly easy.  

 

First Progress mastercard

Open Sky

Green Dot Mastercard 

 

Open Credit Cards:
Green Dot Primor Secured (5/18) - $450 CL
Capital One Platinum (8/18) PC'd to Quicksilver (9/19) - $600 CL
Capital One QuicksilverOne (3/19) - $1500 CL
Merrick Bank DYL VISA (6/19) - $1400 CL 1/8/2020)
Discover it Cash Back (9/19) - $1000 CL

Experian FICO Score - 8/2018: 528
Experian FICO Score - 11/2019: 653
Message 2 of 10
Member

Re: New Immigrant in USA/Capitalone


@Jannelo wrote:

Get a secured credit card that does not require a credit check.    There's an annual fee of $39 put on your first credit statement, and a minumum of $200 security deposit.  But you should be accepted.  

 

I've had these three before and had no complaints.  First Progress you could get through easily to talk to someone, if need be.  Green Dot is hard to find a live person to talk to if there's a question.  But all online setups to pay your bills are fairly easy.  

 

First Progress mastercard

Open Sky

Green Dot Mastercard 

 


Thank you very much,

 

I will give it a try 

Message 3 of 10
Member

Re: New Immigrant in USA/Capitalone

If talking in person is preferable for you, one of the reps in a Bank of America location should be able to guide you regarding a secured credit card.
Amex Blue Cash ; Chase Sapphire Preferred ; Capital One Quicksilver Cash Rewards, ; Capital One Platinum ; Citi Thank You Preferred ; Discover It Cash Back ; DCU Platinum Visa ; BofA Cash Rewards ; Best Buy Citi ; Mercury Cash Rewards
Message 4 of 10
New Contributor

Re: New Immigrant in USA/Capitalone

I was in your position 2 years ago. What I did:

1. Secured credit card with Bank of America

2. Capital one was approved after 4 months

3. After 6 months I was approved for Discover it

now I have 12 cards including tier 3 cards and can be approved for almost any of the card I want with credit scores 760-770

the only regret I have is that I have not opened any chase cards before I was below 5/24

 

Give it some time

Message 5 of 10
Valued Contributor

Re: New Immigrant in USA/Capitalone

Hi and Welcome to the myFICO community and the country!

 

Here’s how to build your credit :

 

1.0  Secured (Collateralized) Credit Card

  A.  Bank of America

(preferably apply in person). Go to the nearest branch and bring your Social Security Card and an ID card such as Drivers License. Preferably, bring your Immigration and/or Naturalization Card (Green Card). BoA loves “relationships” so best to open a Checking and/or Savings account as well together with your Secured Credit Card.

 

2.0  Use your card wisely and accordingly. Make payments on time and DO NOT apply or do anything with credit in the next 7-8 months. Wait after about 7 months after your receive your 1st BoA Statement then go to Discover Score card website (Free Experian Score) and make sure you have already a Score generated. 

 

https://www.discover.com/free-credit-score/

 

3.0  After ensuring that you already have a Credit Score and 6 reported payments by BoA, apply for an American Express Credit card that will fit and benefit your needs. You should have an approval provided you have not missed or been late at least 30 days on any of your BoA payments.

 

4.0 Again, DO NOT apply for any credit in the following 7 months from opening of your Amex Card. 

 

5.0  On your BoA 13 month anniversary or Amex 6 reported payments to the Credit Bureau, Apply for a Discover Card. That should be an approval as well (Maintaining Perfect payment history).

 

6.0 Again, DO NOT do anything with credit for the next 6 months. 

 

7.0  All those 3 Cards (BoA, Amex & Disco) have SP CLI policies so your goal from the 13 month of BoA onwards on a 3-month interval or increments is to Request for a Credit Limit Increase (CLI) on each card growing them all!

 

8.0  25 months from BoA opening should open your doors to a whole lot of credit possibilities! 

 

Use Credit wisely and responsibly!

 

 

 

BK7 dc in 01/2011 with FICO8 in the 500s

HPs EX 6 EQ 4 TU 2
AAoA 5y4m
UTIL 1% - 3%

$200K+ Total Limits







New cc TLs 1/6 ; 1/12 & 4/24
Message 6 of 10
Frequent Contributor

Re: New Immigrant in USA/Capitalone


@Newimmi1020 wrote:

Good Afternoon Everyone,

First post here ever.... 

 

I have 0 credit never applied for a credit card in my life nor have any loans and or anything like that till this morning.....

Applied for a capitalone to start to build credit of some sort and they denied me Smiley Sad 

 

I literally saw this forum by searching on google how to build credit, and im hoping to get some sorta guidance if possible on how to build credit responsibly.

 

My English is terrible please forgive me if it is hard to understand as English is not my native language


Welcome to the forums Smiley Happy

I was also in the same situation as you. I applied for a Discover it cash back credit card online and got instantly approved for it with a completely empty credit report. You could attempt to get that if you have a somewhat reasonable income, at least in my experience. It's a really solid card as well - the bonuses end up being 2%/10% in the first year.

If you're here as a student and/or have a somewhat low income, a secured or student card might be your only options as recommended by others.

Good luck with starting your credit journey, and let us know if you have any other questions! 😊

Message 7 of 10
Senior Contributor

Re: New Immigrant in USA/Capitalone

Welcome, Newimmi1020!!! Smiley Happy

Current Scores: EQ 679;TU 647; EX 679 Gardening since 11/7/18
Beginning Scores-- EQ 632; TU 576; EX 619 FICO 08 (06/13/16) - BK7 discharged 11/2015
Message 8 of 10
Regular Contributor

Re: New Immigrant in USA/Capitalone

Yup that's similar to my situation. Got a BOA secured at 1k. Held for 9 months. Applied for BOA Travel Rewards (no AF, no FX). have not applied to Discover or Amex because I havent found a card with no AF and no FX (i still travel quite a bit for work). 

 

maybe i'll just bite the bullet and get a card with AF but no FX Smiley Happy



In my wallet:


In my desk:
Message 9 of 10
Community Leader
Super Contributor

Re: New Immigrant in USA/Capitalone

Hi there and welcome to MyFICO

You have come to the right place for tons of valuable information. Stay and start reading--you'll enjoy the posts. Here is a link to commonly used abbreviations.
https://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458#M23

You probably already have this but I wanted to check to make sure that you have either a SSN or an ITIN.
REVISED GOAL: Garden ‘til Dec 2020 — 0 inquiries

Previous Goal: Garden til APR 2020 (extended) and
800 Club (accomplished)


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799
DEC 2017: EX 775, TU 778, EQ 769

|| NFCU CashRewards $30K || AmX Cash Magnet $30K || Discover IT $22.2K || Macy's $20K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 10 of 10
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