Santi 353 Posted April 2, 2013 Cash is king, and credit is the cornerstone of the modern economy... When applying for a CC, watch that Interest Rate and be aware of the small print...a variable interest rate and a huge balance on your account will eat your cash flow in a minute if the IR turns to the upside, well above the rate you were quoted when you agreed to borrow the funds. CAVEAT EMPTOR!!! (buyer beware) Don't spend all your funds on candy and stuff, and make sure you can comfortably cover your CC payments punctually on a monthly basis (if you can pay more than the minimum, even better)... And remember CASH IS KING (Finance 101) - don't tie up your free cash flow in the coverage of financial leverage (credit) after all your expenses are accounted for... You are welcome... BTW - I have had Capital One for a while now. 4 engineer2mike, fatboyslimmy, Wisedevil22 and 1 other reacted to this Share this post Link to post Share on other sites
Tonatiuh 12 Posted April 18, 2013 Bank of America !!!! Put $300 to $500 down get a secure card with in 6 months your secure card will become a credit card nd you gonna get you $300 or $500 back ! I only have 2 months left !!!! U guys should do it 1 amor reacted to this Share this post Link to post Share on other sites
Calidreamer 100 Posted April 26, 2013 I applied for Capitol One Journey and didn't get approved Any suggestions? Share this post Link to post Share on other sites
Santi 353 Posted April 26, 2013 Since you will be using a new SSN, your best bet is a secured CC with any bank - ask for a credit facility with your current bank, or talk to a personal banker...they may be able to help you out Share this post Link to post Share on other sites
Calidreamer 100 Posted April 26, 2013 Thank you for the advise itnaS@ Share this post Link to post Share on other sites
Rawf 336 Posted April 26, 2013 Bank of America !!!! Put $300 to $500 down get a secure card with in 6 months your secure card will become a credit card nd you gonna get you $300 or $500 back ! I only have 2 months left !!!! U guys should do it Hmm, BoA doesn't require you to pay for a secure credit card. Well it does, but it cost $99 and you get a credit of $500. You will most likely be approved if you've been a client for years. Share this post Link to post Share on other sites
cyanite 13 Posted May 14, 2013 denied! on the newcomers capitol credit card. oh well, ill go secured then with boa Share this post Link to post Share on other sites
reyd 10 Posted May 14, 2013 Random question: When someone under DACA applies for credit, do we have to list both last names as it appears on the SSN card and DL? Thanks. Share this post Link to post Share on other sites
Amber 7 Posted May 14, 2013 Random question: When someone under DACA applies for credit, do we have to list both last names as it appears on the SSN card and DL? Thanks. Do you have an account with bofA? My original account only has my first and last name... And well now my ID has My first, middle name and both of my last names ugh Lol... Well my question is did u change your name on your account? I'm going to the bank today and I was thinking about getting the secured credit card... I saw that u were approved for the rewards credit card. Did u already have credit before applying? Share this post Link to post Share on other sites
Me15** 29 Posted May 14, 2013 Guys I applied for discover it and I got approve with a $6,000 credit 0_O 2 reyd and engineer2mike reacted to this Share this post Link to post Share on other sites
reyd 10 Posted May 14, 2013 Do you have an account with bofA? My original account only has my first and last name... And well now my ID has My first, middle name and both of my last names ugh Lol... Well my question is did u change your name on your account? I'm going to the bank today and I was thinking about getting the secured credit card... I saw that u were approved for the rewards credit card. Did u already have credit before applying? I had a checking and savings account with BofA. I went to change my ITN number to my new SSN number. Then I applied for the credit card and was approved. They left all my accounts with one last name even though my SSN card and my DL has both last names on it. I hope this helps. Share this post Link to post Share on other sites
Santi 353 Posted May 14, 2013 Random question: When someone under DACA applies for credit, do we have to list both last names as it appears on the SSN card and DL? Thanks. Not necessarily - I have used my first last name forever. However, I always let the people gathering my information know that there are two last names in my card (and I go through the whole 'both families' last names history - if they were not aware of it) You are not lying to anyone. You are just adapting to the American way of just using only your first last name. However, if you want, you can use both last names hyphenated...as in 'Pepito Perez Martinez' would be 'Pepito Perez-Martinez.' It is up to you, although I suggest you use only one...it will make your life easier in the long run. My 2 cents... 1 reyd reacted to this Share this post Link to post Share on other sites
sotero_gonzalez 54 Posted May 14, 2013 Guys I applied for discover it and I got approve with a $6,000 credit 0_O Wow, that's a nice credit line. Be careful, don't use it all in one place. 2 Amber and Me15** reacted to this Share this post Link to post Share on other sites
Amber 7 Posted May 14, 2013 I had a checking and savings account with BofA. I went to change my ITN number to my new SSN number. Then I applied for the credit card and was approved. They left all my accounts with one last name even though my SSN card and my DL has both last names on it. I hope this helps. So I just got back from the bank! I updated my ssn and he changed my name too, well he added the other last name. He said he had to hmmpf anyway... I wasn't approved for the regular credit card so I applied for the secure one and I was approved. https://www.bankofamerica.com/credit-cards/products/secured-credit-card.go I paid a $99 deposit fee and was given $500 credit. $39 annual fee eekkk I hate annual fees Lol This card works perfectly for me tho plus I bank with bofA so it seemed convenient. The banker was super nice! he's my age and said he's been getting a lot of ppl who were approved thru DACA. He gave me a TIP.. He said if your balance due is $100 and your payment is due on lets say June 15th. Give $50 payment mid may and then give another $50 payment before June 15th He said that's what he used to build his credit. For those of u still looking into getting a secured cc. This was the other option for me... https://www.usbank.com/credit-cards/secured-card.html Minimum deposit of $300. Your deposit is your credit. Plus they pay you interest on your deposit. $35 annual fee I didn't choose this one bcuz I could get a higher credit line with a smaller deposit at bofA. The paid interest didn't sway me since I'm hoping I don't have to keep a secured cc for that long. $300 seems steep, but you'll get it back plus interest. 2 reyd and Heisenberg2 reacted to this Share this post Link to post Share on other sites
cyanite 13 Posted May 14, 2013 Random question: When someone under DACA applies for credit, do we have to list both last names as it appears on the SSN card and DL? Thanks. I listed both last names, was denied. 1 reyd reacted to this Share this post Link to post Share on other sites
cyanite 13 Posted May 14, 2013 Guys I applied for discover it and I got approve with a $6,000 credit 0_O can you provide link to which cc you applied? Share this post Link to post Share on other sites
Me15** 29 Posted May 15, 2013 https://www.discover.com/credit-cards/ Share this post Link to post Share on other sites
Heisenberg2 34 Posted May 15, 2013 I would love to start credit with discover, but I'm new to the whole CC shabang. Can anybody give me a quick roundown of what it's good for and the smartest way of managing a CC ? ThAnks for any input. Share this post Link to post Share on other sites
cyanite 13 Posted May 15, 2013 https://www.discover.com/credit-cards/ Denied as well =( Share this post Link to post Share on other sites
Me15** 29 Posted May 15, 2013 Cyanite you got denied? Did you have any credit before you got your social? Do You work part time or full time? Do you go to school? Share this post Link to post Share on other sites
Heisenberg2 34 Posted May 15, 2013 Cyanite you got denied? Did you have any credit before you got your social? Do You work part time or full time? Do you go to school? are there requirements to fulfill for that Discover Credit Card ? Share this post Link to post Share on other sites
Me15** 29 Posted May 15, 2013 Heisenberg I don't know if this is why I got the approve, but discover representative call me to talk to me in person they check my credit history. It came out that I had a car under my name with out never being late. He also ask me if I was a lease holder and I said yes for 4 years. He said how much you pay for rent. i said nothing my husband paid it all. After that he said hold on let me see if you get approve. He came back and said I was approve with a $6,000 I don't know if the car loan help me get this much. By the way the car is mine but I am the consigned. He also ask me how long have I been in my job? I said 2 years. He also ask me if I plan to stay there. I said YES for now bc it's good money. Share this post Link to post Share on other sites
Me15** 29 Posted May 15, 2013 By the way he also ask me why did I need the credit card? My respond was, I don't need it, I just got my social and I want to build my credit. This is just a hint of what they are looking for. Share this post Link to post Share on other sites
Heisenberg2 34 Posted May 15, 2013 ok, do they always call you to ask you questions ? I want to try to apply online. Share this post Link to post Share on other sites
Me15** 29 Posted May 15, 2013 Try online then if your aprrove they will send you and email telling you to download a pic of your social and state I'd. After that they call me. I seriously don't know if they always call. Try who know maybe your approve. you kinda know the question if they do call you. So be prepare. Good luck Share this post Link to post Share on other sites
