In the U.S., credit cards are indeed a more efficient and aspect of payment, Americans will not only use credit card spending, but also gain some other additional benefits, such as: bank credit value, bank points, airline miles, points, etc. However, first-time immigrants to the U.S., there are also some instructions when using credit cards, casual applications will only affect their credit history, which will cause Some adverse effects.
The credit score is based on several factors.
One, the length of credit history, the longer the score, the higher the score. Many American children start to have credit cards when they are in high school, and by the time they have to buy a house their credit is already very good. Also the length of use of each credit card is important. Jumping around from card to card and constantly applying for new cards to close old ones can hurt your credit.
Second, the credit limit, the higher the credit limit the higher the credit score. Interestingly, credit card companies will compete with each other and find that other banks have given you a credit line increase they are also rushing to increase.
Three, delinquency, of course, the less delinquent the higher the score.
Four, the frequency of calls, in a short period of time frequent calls credit history will reduce your score, so remember to have a credit history do not have nothing to apply for a new card to play, each application will have to call once your record ah.
The first thing that you need to do is to get a new card.
Sixth, the total amount owed, needless to say, the more owed the lower the score.
In the United States, credit cards are indeed a more efficient and aspect of payment, Americans will not only use credit card spending, but also get some other additional benefits, such as: bank credit value, bank points, airline miles, points, etc., but the first-time immigrants to the United States, when using credit cards also have some instructions, random applications will only affect their credit history, which will cause The application will only affect your credit history and cause some undesirable effects.
The most important basis for U.S. banks to decide whether to approve credit cards issued is the applicant’s credit history, generally without any credit history of people whether they can not successfully apply down credit cards, and only a few cards can be used as the first introductory credit card, new immigrants to establish a record is a little difficult, but not impossible, the best way is for you to apply at banks with large deposits, such as your BOA. Also try applying for a few more, especially smaller banks with looser vetting. Most U.S. credit cards do not have annual fees, if you really can not apply, you can first apply for a card to pay the annual fee to try to build a little credit before switching to a better card (remember to turn off the original card Oh, or do not turn off the card has been put aside is also very good). It is recommended that you immigrants use your first card for at least six months to a year after you have it, and wait for your credit history to have some length before you start trying to apply for other types of credit cards.
In addition, the way you manage your credit is also critical. There are special organizations in the United States that rate individuals’ credit scores and credit ratings, and immigrants’ credit scores and ratings depend mainly on how they pay their bills, how much they borrow, how many credit cards they have, and other factors, and immigrants have a greater impact on their credit ratings when they buy property or cars or apply for loans.