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Why we Need Credit Card ?
There are so many thing you can not able to buy by Cash but you need credit card.
One Example Like Cell Phone
Advantage of Credit card :
If you don't have money even though you can do shopping.
How to get First time Credit card ?
Normally to get first credit card is very very difficulty because when person is new in
USA they don't have sufficient credit history. and without credit history credit card is not
possible. So simple way to get first credit card is : Apply for secure credit card.
What is Secure Credit Card ?
Normally All Bank issue this type of credit card.
Secure credit card it means first you have to open secure credit card account in Bank and
deposit money in this secure credit card account. Example : If you put $1000 in your Secure credit card account then you will get credit limit for your credit card is $1000.
so your credit limit is depend on your Balance amount in secure credit card account.
Now, you can not able to withdraw this Secure credit card account money. because base of this secure credit card account Balance , Bank will issue this credit card. So Bank is always safe because if you not pay this credit card money they can take your secure credit card account money.
Still , According to your balance in secure credit card you will get interest.
Which bank provide secure credit card ?
Normally, All bank have this kind of secure credit card facility.
Example : In New York, HSBC Bank issue this secure credit card.
Visit any bank of HSBC Bank or www.us.hsbc.com or Call : 1800-975-HSBC.
How to increase credit history ?
After getting secure credit card .......Use it as much you can for grocery or shopping or others
and pay full amount bill on time. (don't pay minimum amount credit card bill)
How to get credit report ?
Visit : Free
credit report
After getting secure credit card, use it up to 6 month then apply for un-secure credit card.
Visit : Top 10 credit card :
After receiving un-secure credit card ... close you account (if want then) and take your money back from secure credit card account.
Simple rule to increase credit history :
Pay your bill on Time.
Note:
So many credit card company in market so please be sure about following things.
Check about annual fees .
Make sure about how much annual percentage rate.
Check hidden charge.
Other Finance Charge.
Credit Card is like a tooth paste. very easy to take out money from card but difficult to pay back so don't use
over limit.
Note: This all are General Information. Not Legal Advice
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