That’s something quite unusual for someone from Germany here in the US, the personal credit score/rating, which determines, if you can get a credit card. That’s not quite easy for someone like me, who doesn’t have an income in the US. To be able to get a credit card, I have to have a certain/good credit score, but to get a good credit score, I have to have an credit card, or, even better, more than one. Kind of a Catch 22, isn’t it? Even the bank at which Mary and I have our joint bank account only gave me a debit card. I did get invitations/offers from that bank for credit cards, but when I applied I was always told that my credit rating was too bad.
Somewhat more than a year ago I got an offer from a different credit card company which, on application, granted me a credit card, limited to $500 for the first year, and now upgraded to $750. That’s not much, but sufficient for my purposes as I usually use my German credit cards here. With this credit card I was really “well-behaved”, meaning that, as it expected here to build up a good credit score, never maxxed it out [in fact, one should not use more than two thirds of the available maximum] and always paid the complete balance on time, but also used it regularly.
In this way I seem to have become “trustworthy” because 3 weeks ago I got another offer for a credit card from a different company again, and my application was immediately approved – online even. Again, this credit card is limited to $750, but it means I have another card to keep building up my good (financial) reputation with. 😉 With this credit card approval I also got a written copy of my credit report, which is quite good, to tell the truth. 🙂
- Other than the obvious – paying off credit cards and loans – are there other ways to improve credit scores? (cardhub.com)
- Do prepaid credit cards improve credit rating? (cardhub.com)
- Get your credit card interest rates lowered (cardhub.com)
- Simple Steps to Build and Protect Credit Ratings (dailymorningcoffee.com)
- What is a good credit score? (cardhub.com)
- How to improve your credit score? (cardhub.com)