Ask HN: New professionals in America, how was establishing credit?

[JasonPiao]

Hey everyone,

Im Canadian and was a software engineer in the Bay Area with no American credit history. I couldn't be approved for a credit card and had a hard time building credit effectively for a long time.

I was wondering if other people had similar experiences and what they did to overcome them?

Disclaimer: I'm also working on solving this issue and would love to hear your experiences!

Thank you!

[thatdudeinuni]

I had that exact problem, I had to settle for a secured credit card which wasnt the best experience.. $1000 security deposit and fees.

I'd could talk more in depth if you would like!

[JasonPiao]

Yeah.. I definitely feel you.. I almost settled for a secured card as well, not ideal at all

[iluvblender]

Credit Stacks (https://www.creditstacks.com/) came to my rescue and I have been using their card since two years.

[JasonPiao]

If you don't mind me asking, what credit limit did you get approved for and what features do they offer?

I applied for a discover and was approved for only $500 :(

[iluvblender]

I was given a 5000$ limit to start with.

[JasonPiao]

Wow thats pretty good!

[JasonPiao]

Is there any complaints you have with creditstacks?

[iluvblender]

I have not any problems with them. I got my card in my second week in the US and have been using it since then. I did ask them for an addon card for spouse and was told that might happen in the future.

[JasonPiao]

I heard they dont report to all 3 credit bureaus though? Has you credit score been going up?

[iluvblender]

Yes, at the moment only Equifax is reported to and yes, my credit score is climbing.

[JasonPiao]

Thanks! this has been really helpful!

[davidpak]

I got lucky and had someone co sign so I started out with chase. I realize not many ppl will have co-signers and it’s not the most feasible route