My husband is getting his greencard, does he get credit in the usa?

Answer 1

He has to apply for it.Try a Bank that has Credit cards or credit lines.

Answer 2

What he'll need to do first once he establishes residency is to establisk a banking relationship, meaning opening up a checking and savings account. It doesn't actually affects his credit directly, but it does serve as a reference point as to how much money he has and where he keeps it. (try Bank of America or Wells Fargo if they're available in your area to open it up) After that, the easiest thing for him to do is to try to get a secured credit card through one of those banks(Bank Of America has them) or a couple of other places (click on this link and look at the "secured credit cards" section http://www.creditcards.com/bad-credit.php)

The thing is that he'll have to put a deposit upfront to secure the same amount in a line of credit For example, deposit $500, your credit line is $500, or deposit $1000 the credit line is $1000.

If he's able to do this, I would strongly suggest not spending more than $30-50 or something that can be easily paid off every month. You don't want your husband to be a US citizen and in debt already. Make small purchases, pay it off every month, on time.

After you do this, chances are you'll receive the deposit back with possible interest, and the card will be unsecured. Then he should be able to receive other offers for credit.

Answer 3

Green card or permanent residency is different from getting credit. To qualify for credit, he needs to apply to various credit institutions such as credit card companies, store credit cards such as Gap, or any type of loans.

However, establishing credit for an immigrant is not that easy. In the US, everything depends on your credit history. Being an immigrant, he has no credit history. So initially he will get a lot of denials and rejections for not having established a sufficient history of credit. Or if he applies for car loan, for example, he will be charged with an exhorbitant interest rate for not having any credit history.

It is like a chicken and egg situation: how can an immigrant establish credit history when no one's giving him credit?

It will take a couple of years before he can start building up his credit history. After that, he simply needs to make sure to keep his credit history clean and pay bills on time.

Answer 4

The way our government works, your husband will walk through the customs gate and will probley get everything handed to him on a silver platter, and screw the average US Citizen.

Welcome to America!