Build credit from zero?

Question

Hi,

i'm new immigrant in US and i want to build my credit,so which card is good for me now,onced i checked my credit ,it showed zero.i applied in citizen bank they rejected ,so i thought to apply in capital one,is this good card to build my credit, do they report in credit bureau , But Capital One need annual fee,please give me a advice to start my credit history in US,thank you all in advance

Answer 1

there are a couple of ways you could start building credit, you could get a small personal loan which you might need a cosigner or the best way will be getting a credit cards, you could get a credit card and use it for your every day expenses but make sure you pay in full at the end of the month that way it will show pay in full everytime the credit card company reports to the credit beuros. At the begining you will only be approved for the lower end credit cards but once you build credit in about 6-9 months you should be able to apply for a better card with better benefits such as free miles or cash back. Check out www.fastcreditcardapprovals.com and go under bad or no credit section and you will find a few choices. But if you are a student your best choice will be a student credit card which as no annual fee and lower rates.

http://fastcreditcardapprovals.com/

Answer 2

Go .with Capital One.  They have fee, but it is not rediculous.  You will get 300.00.  Make payments for 3 months, and it will increase to 500.  Then 1500.  Don't go with companies who say you will get 250, but you have to pay for this and that out of your initial amount, and you 'll be left with 71 in credit, but yet still have to pay 250.  That is fraud.  Always read cardholder agreement before you get one.  Most companies will try to rip you off.

Answer 3

The best way I found to build credit is to borrow funds just to hold them on deposit, make some interest payments, then give back the deposit to pay off the loan.  If you agree to just hold the funds on deposit, http://creditloader.com will let you borrow the funds with NO CREDIT CHECK.  You also don't need a social security number, because they will help you get an individual tax ID number which lenders use with the credit bureaus.

Answer 4

This is a good article on building your credit, http://www.monitorbankrates.com/how-to-b...