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How to take out a credit card without any credit history?

Submitted by Mac1998 on Wed, 05/24/2017 - 06:49
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While browsing I have come across this forum. I have a query. it will be helpful if you answer. I am new to US and don't have any credit history. How can I take out a credit card? Will any credit record of other countries come to any help?


Secured credit card is one option. The other option is to ask your parents to add you as an authorized user on their card. You can use the card but won't have any responsibility to pay it off.


Submitted by ditchdebt on Thu, 05/25/2017 - 00:41

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As you are new to US, you can find both secured and unsecured credit cards for people with no credit. You just need to pick an offer with the lowest fee structure. It'll also enable you to build a good credit history so that you can apply for more cards with a strong credit background.


Submitted by Barbara Delinsky on Thu, 05/25/2017 - 06:38

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Apart from credit cards as an option to build your credit history, you may consider working on other credit score components like credit utilization ratio that comprise 30% of your total score according to FICO.

Credit utilization refers to the total percentage of loan borrowed out of a certain permissible credit limit. Avoid maxing out on your individual credit card's credit limit. Ideally, it should lie in the range of 7-20%. But its always best to keep your credit use to 7% or closer.


Submitted by paulcahill80 on Sun, 05/28/2017 - 18:53

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