Best Credit Cards for New Comers to USA

Building a good credit history comes with a large number of benefits, especially to get a loan or qualify for lower insurance premiums. However, for newcomers to the US, establishing your credit history can be the biggest obstacle to living a life you might have always dreamed of. Applying for a secured credit card is a good way to start building your credit score from scratch in a foreign land.

Related: Best credit cards while traveling to USA

Here is a list of five credit cards that can get you started on the path of building your credit score in the US.

OpenSky Secured Visa Credit Card

The OpenSky® Secured Visa Credit Card is a secured credit card that is touted as a powerful credit building tool in America. There is no need of a credit history/credit score to apply for this card. The applicant is allowed to define their credit limit by paying the refundable deposit, which could range from $200 to $3,000. Your credit report is submitted to the 3 major bureaus, Equifax®, Experian® and TransUnion®, each month to help you improve your credit score quickly.

First Progress Platinum Prestige MasterCard Secured Credit Card

First Progress Platinum Prestige Mastercard is my recommendation for newcomers to the US. One can get this card with a minimum credit score or no credit history at all. Flaunting an APR of less than 10%, paying back the balance becomes easier in case of a cash crunch. Just like OpenSky, the credit report is submitted to all three major bureaus each month.

Capital One

Capital One® Secured Mastercard credit card is one of the most popular choices for new immigrants to the US. There is no annual fees or foreign transaction fees. Based on your creditworthiness, new cardholders are required to pay of $49, $99 or $200 as security deposit. Cardholders on a tight budget are further given the facility to pay their security deposit in installments. If you have made the first five payments on time, your credit limit is automatically increased, just like any other credit card.

Deserve Classic Mastercard

Issued by Menlo Park, CA-based Deserve, Deserve Classic Mastercard is another recommended choice for newcomers to America. If your credit score lies somewhere in between 650 to 850, this Mastercard credit card is for you. The card offers a credit limit of $1,500. With zero deposit, zero annual fees, zero foreign transaction fees, zero % purchase APR for 6 months, this card is highly popular amongst temporary residents and international students. What makes the card further desirable is the fact that there is a no need to apply for a social security number (SSN).

Citi ThankYou Preferred

If you are someone seeking the thrill of going out regularly, Citi ThankYou Preferred is one credit card you cannot afford to miss. The reason Citi ThankYou Preferred becomes a must have for diners or daters is that on every entertainment and dining purchase, it earns you a good amount of points, with a low intro APR and no annual fees. The cardholder can redeem these points by making purchases at Amazon.com, BestBuy.com and more.

Although there are a number of options for credit cards to build your credit score in the US, newcomers are advised to opt from one of the above-mentioned cards from reputed companies.

About the author

Mani Karthik

Hi, Mani Karthik here. Having lived in USA, India & Middle East, and worked for big MNC's to startups, I have a lot to share with you. My aim is to help people, by sharing everything I've learned in life. Here's my full story. Connect with me on FacebookInstagram, Twitter or WhatsApp (+001-408-489-4785). This blog is read today, by more than 300K people world over! Here's my guide on how you can start a blog like this. :)

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Who is Mani Karthik?

I started this while in Los Angeles, USA. Having lived in USA, India and UAE, I share everything that I’ve learnt in life. From spirituality to personal finance and everything in between. Come join my pursuit to happiness! Here’s more about me and how I make money blogging.

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