2) Credit & Financial Identity
First credit card strategy
As a newcomer, Big Banks might reject you because you have no history. You need a 'Starter' strategy. Student Credit Cards: Banks like Capital One and Discover have cards specifically for students. They often don't require a high score to start. Secured Credit Cards: You give the bank a deposit (e.g., $200), and that becomes your limit. After 6-12 months of on-time payments, they give the money back and 'graduate' you to a real card. Specialist Lenders: Companies like Zolve or Deserve use your visa and schooling info to give you a card before you even have an SSN.
As a newcomer, Big Banks might reject you because you have no history. You need a "Starter" strategy.
- Student Credit Cards: Banks like Capital One and Discover have cards specifically for students. They often don't require a high score to start.
- Secured Credit Cards: You give the bank a deposit (e.g., $200), and that becomes your limit. After 6-12 months of on-time payments, they give the money back and "graduate" you to a real card.
- Specialist Lenders: Companies like Zolve or Deserve use your visa and schooling info to give you a card before you even have an SSN.
Free Resource: Best Beginner Credit Card
Resources
Record your progress
Mark this subsection complete to track your progress.