Which banks give credit cards to people with DACA? - Page 3

With no credit history, I was able to get a Discover It card very easily. I did not have a secured card anywhere. My limit is pretty low, though I don't make much as it is. Discover has been great -- highly recommended.

After being with Discover for a year, I was able to get Citi Double Cash. I haven't tried for any others yet.

With no credit history get a secure credit card then build upon on it.

I first started with a secure credit card of $400 from Webster Bank.

I am now balling with a credit card of Discover with a credit line of $24k.

Yes I've heard good things about that bank. I'm probably going there next.

I haven't received a secured card I received a platinum debit card. I activated the debit card. But I wanna close my account ASAP. Is the debit card and secured the same thing?

Wow that's great! Congratulations

Sounds good thanks

No, secured credit card means you have to put down a deposit and that amount will be the credit they are willing to give you. Then usually 6-12 months later they will give you ur deposit back and it now becomes unsecured. Unsecured means no deposit the bank is trusting you with the credit line.

I put down 300$,but I have only used me debit card I haven't spent the deposit I'm probably just gonna close the account and go to Bank of America.

My very first CC was from Bank of America. I already had debit card with them for 5+ yrs before getting my DACA and they never asked for my SSN or status... So I guess I got lucky with them just looking at my debit card history and offering me one.

I used my SSN and got CC from Discover and Chase. I never had to put my status or anything. All they wanted was source of income.

I started with BoA as they were the easiest to deal with, but made the mistake of not opening a secured CC account, only a checking at the time, so now I'm 1 year behind in credit building compared to where I could be. I also didn't get a credit builder loan, because I was naive enough to believe that having 2 CCs with good history is enough for a car loan through a bank. I was wrong, got denied and now have hard inquiries with all 3 bureaus. I should've tried a credit union instead, but I felt too confident with my 750 credit score. Don't make the same mistake as me!

What I'd do if I could start over:
Start at BoA with a secured CC, use it, but when it comes to the monthly closing, make sure utilization is low; say, under 10%. Pay it every month, and your credit will go up. (This is what I did, and 7 months later got approved for an AmEx CC with a 4k limit, while my secured card was still sitting at a measly $300)

Then, depending on how much money I had on hand, look for a credit builder loan, too, to have another type of credit under my name. Having multiple credit cards on your credit file is all nice and dandy, but diversifying helps just as much, if not more. Shows that you can, and will, pay your debts back if you apply for, say, a car loan later on.

In case you're not familiar with credit builder loans, imagine it as kind of the installment loan version of a secured CC. They put a hold on your money, that's your loan amount, you set the term of the loan, pay your monthly installments, then, when it's over, you get your initial money back. Yes, you do lose some money because of the interest you have to pay, but the benefits outweigh the costs by a LOT.

As for BoA being super undocumented friendly. That's true to one extent, and they're the ones I am/have been using for a long time, but if you want more than just a checking account or a credit card, they're a no go right now. Hence I'm looking to switch to CUs at least partially