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How to get credit reports form scratch to get a credit card?*
I am an H1B holder and I am in this country for 2-3 months. But I didnt a way to make credit reports yet. Could somebody advice me how to make credit reports to my account?
Answers:
1) If you've already opened a bank account, you can get a "secured credit card" through your bank. They require you to make a deposit (typically $200-300) and your deposit will be your initial credit limit. After about 1 year, they will change the card from "secured" to a regualr credit card and send your initial deposit back to you (minus any money you owe on the card). They will also increase your available credit as long as you've been responsible with the credit card.
2) What is H1B ? If you're only going to be here for 2 or 3 months why would you want or need an American credit card? Get one in your own country, far better. What country are you from?
3) Welcome to the US. 1st rule: The American way is *not* to go into debt. We abolished slavery long ago. So why voluntarily go back into it? If you can't afford something, don't buy it. The best advice I wish I listened to before I ever got my first credit card.
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