4 ms·
Ask HN: New professionals in America, how was establishing credit?
Hey everyone,
Im Canadian and was a software engineer in the Bay Area with no American credit history. I couldn't be approved for a credit card and had a hard time building credit effectively for a long time.
I was wondering if other people had similar experiences and what they did to overcome them?
Disclaimer: I'm also working on solving this issue and would love to hear your experiences!
Thank you!
- thatdudeinuni 6y agoI had that exact problem, I had to settle for a secured credit card which wasnt the best experience.. $1000 security deposit and fees. I'd could talk more in depth if you would like!
- JasonPiao 6y agoYeah.. I definitely feel you.. I almost settled for a secured card as well, not ideal at all
- iluvblender 6y agoCredit Stacks (https://www.creditstacks.com/ https://www.creditstacks.com/) came to my rescue and I have been using their card since two years.
- JasonPiao 6y agoIf you don't mind me asking, what credit limit did you get approved for and what features do they offer? I applied for a discover and was approved for only $500 :(
- iluvblender 6y agoI was given a 5000$ limit to start with.
- JasonPiao 6y agoWow thats pretty good!
- JasonPiao 6y agoIs there any complaints you have with creditstacks?
- iluvblender 6y agoI have not any problems with them. I got my card in my second week in the US and have been using it since then. I did ask them for an addon card for spouse and was told that might happen in the future.
- JasonPiao 6y agoI heard they dont report to all 3 credit bureaus though? Has you credit score been going up?
- iluvblender 6y agoYes, at the moment only Equifax is reported to and yes, my credit score is climbing.
- JasonPiao 6y agoThanks! this has been really helpful!
- iluvblender 6y agoYou are very welcome
- davidpak 6y agoI got lucky and had someone co sign so I started out with chase. I realize not many ppl will have co-signers and it’s not the most feasible route