Feb 24
I just recently became a greencard holder and got my new social security number last week. how soon can I start applying for credit cards (dept. stores, banks, etc)? does anyone have a suggestion as to which ones approve easier for those without credit history like me?
when did u start u will apply it 2 days after getting your new credit card hm… i knew that but i am not sure
First of all, don’t apply for a whole lot of credit all at once. You will be turned down. Getting a social security number doesn’t mean you develop credit overnight, in fact it means that you don’t have a credit history at all!
Credit bureaus don’t even start building a file on you until merchants start reporting your payment history. This would take 1-2 months at the minimum even if you opened an account today.
Since you have no credit, you may want to consider opening a credit card with a secured balance. Make sure you don’t get one with $200 credit limit and $175 in upfront fees. There are many like that available on the web.
You can open a CD at a bank, and get a loan from that, get a credit card from a store, say Wal Mart, cell phone or other retailer that reports to the credit bureaus.
For more information on credit bureaus,visit experian.com. This is one of the three largest bureaus.
if you know your SSN you should be able to apply, Check out here you will be able to compare all major credit cards side by side on rates, fees and reward, no matter what kind of credit you have they have the right card for you
Getting an SSN doesn’t give you a credit history. You will have to start very slowly – possibly with a secured card – in order to build a history.