Re: Which banks give credit cards to people with DACA?
 

Alright, you should be fine then.

No, debit and secured credit are completely different. I highly suggest learning about a good portion of credit first before applying. A secured credit is more like a deposit for a certain amount of credit a bank is willing to loan. Debit is just your own money from the account you have. Again, I highly recommend learning about credit before applying for anything to see where you stand. It will take some time, but it will be extremely helpful in building your credit.

I would suggest signing up for creditkarma, quizzle or creditsesame, and creditscorecard to get a ballpark figure of your credit score from all three bureaus and as a free way to get your score monthly instead of waiting for your annual free credit report. If there is anything that sounds confusing just ask here and most should elucidate.

Here are some tidbits that might help you build credit responsibly.

1. Not ALL secured credit cards report as such to a credit bureau, so you have to research to choose secured credit cards that do.

2. ALWAYS check to see if you are pre-qualified for a credit card before applying. http://www.doctorofcredit.com/view-p...t-card-offers/

3. Check to see what credit bureau report would be pulled from a specific credit card company. Not all companies pull the same reports. Capital One definintely pulls all three which can effect your credit score with all three due to hard inquiry!!!!

4. As texaskid mentioned, diversify your credit. The whole point about using a credit builder loan is so you can show you are responsible with many types of credit, not just one. Those who consider you for credit like to see that and having more than just a credit card on your report is really helpful and it will increase your score also and improve your chances of getting auto and even home loans.

5. Most rewards credit cards require a score of 690+.

Re: Which banks give credit cards to people with DACA?
 

Wow brah thanks. That's a lot of good info!

Re: Which banks give credit cards to people with DACA?
 

Yeah I just received my secured credit card but I won't activate it since I don't plan on keeping my wells Fargo account. I already have credit karma. Thanks for all the info I appreciate it!!

Re: Which banks give credit cards to people with DACA?
 

So I'm gonna go to boa Friday unless y'all think there's a better overall bank. Like ones that give Loan''s (if we can even qualify with daca) I know I have to build credit before I get loans but I'm just curious thanks!

Re: Which banks give credit cards to people with DACA?
 

So boA doesn't give loans or anything else? Just credit cards and checking accounts?? Because I was thinking of going there.

Re: Which banks give credit cards to people with DACA?
 

Not too long ago it was USC and LPR only. Now they do, but as I remember, the loan has to end by the time your EAD expires. It kind of limits possibilities by a LOT. Unless you have an LPR/USC co-signer.

I'd recommend asking about it when/if you go in to open the account(s). They might've changed that bit, too. Won't hurt to ask, and at least we'll have some up-to-date info as well. You can ask questions and still decide not to open an account if you won't like the answers. Though your run-of-the-mill bank employee might have knowledge about the loan term vs visa/EAD expiration dates and say what you want to hear to improve his/her numbers. It might be worth chatting with them online and trying to get ahold of a loan specialist/officer and save time at the branch.
BoA doesn't offer credit builder loans to my best knowledge (and according to their website). Again, a CSR can tell you if they actually do offer these or not.

I ended up hitting up one of the largest credit unions in town the other day to see what they have to offer in terms of car loans. Have never had anything to do with them, all I knew was that they had a location convenient to my job. Multiple lenders turned me down last week because of the "lack of installment loans on my credit report". None of them cared about my 750 (TU & Experian)/737 (Equifax) credit score.
Went in, talked to the CSR girl, we looked at numbers, what car I'm looking at how much I wanted to finance, how much my down payment is going to be, the usual question. I had a an application package ready (pay stubs, proofs of address, letter from my GM stating how much I make, how long I've been working there, a printout of my personal monthly budget for this year etc) because I wanted to give it a shot and because I had nothing to lose.
A bit over an hour later I left with a pre-approval letter for the requested amount at 3.99%. I'll just have to present it to the finance dept of the dealership and they should take care of the rest. The only other lender that approved me was Santander, but I didn't really feel like paying an 18% interest per year...
Also, providing my SSN verbally was enough, so no questions were raised about the "valid for work only with DHS auth" part and so my status. That's always a good thing for us

Re: Which banks give credit cards to people with DACA?
 

I went to Wells Fargo first and the lady told me that she's seen people without a ssn get credit cards ,so she said that they do give credit cards to DACA people but they denied me because they don't know what I'll do with the secure card. She said after a year I would qualify for one if I had good history using the secured card, then she said even if I don't qualify I could take the credit I built with my secured card to other banks, so in other word it won't be a complete waste of time. What do y'all think? Sounds good to me.

Re: Which banks give credit cards to people with DACA?
 

People should have ITIN numbers instead of SSN.

Re: Which banks give credit cards to people with DACA?
 

I had a REALLY hard time getting my first credit card. I even applied for the Capital One secured credit card and was denied. I ended up going with my local bank to apply for a secured credit card because I had a long time banking relationship with them already. Please make sure that you're able to unsecure it after a certain amount of time. I learned that the hard way, I pretty much was lied to so that I can sign up with them. When I called to un-secure they told me I would need to close the account to get my deposit back and open up a regular credit card with them. So, pretty much I'm stuck paying their annual fee and because it's my oldest account I have to wait a while for my credit to not get a hit from closing it. Psh, as if I'm stupid enough to do that!

After more than 6 months, you start receiving offers in the mail. I went with the capital one platinum because it's great for people who are just starting to establish credit history. You start off with a low balance but after 6 month's you may be eligible to raise your credit limit as long as you keep making your payments on time. The interest is high, but just pay off your bill in full and you should be fine. Now, don't go crazy applying for all these credit cards, these hard inquires on your credit do take a hit. I suggest waiting awhile (like a year or two) in between cards.

Hope this helps.

Re: Which banks give credit cards to people with DACA?
 

What do you mean by UN secure the card?