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

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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?




It is better if you take out a secured card.
You can also try to opt for a mobile plan with a security deposit. It will help you build your credit score.

Sub: #1 posted on Wed, 05/24/2017 - 07:02

Good Nelly Good Nelly
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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.

Sub: #2 posted on Thu, 05/25/2017 - 00:41

ditchdebt ditchdebt

(Posts: 669 | Credits: 99.12)

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.

Sub: #3 posted on Thu, 05/25/2017 - 06:38

Barbara Delinsky Barbara Delinsky

(Posts: 331 | Credits: 32.98)

Yeah, prepaid cards can do pretty good. Another option is to apply for a credit card with a guarantee from a co-signer.

Sub: #4 posted on Thu, 05/25/2017 - 06:41

tiarajoseph11 tiarajoseph11

(Posts: 330 | Credits: 45.4)

One of the friends took a secured card initially. And now he is doing good with his money and credit.

Sub: #5 posted on Fri, 05/26/2017 - 05:12

sanderspatricia29 sanderspatricia29

(Posts: 724 | Credits: 74.26)

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.

Sub: #6 posted on Sun, 05/28/2017 - 18:53

paulcahill80 paulcahill80

(Posts: 2359 | Credits: 253.63)

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