Now that you’ve started your journey towards US Residency, you’re ready for a significant step all new immigrants face: getting your first US credit card.
In the US, a credit card is not only a convenience that enables day-to-day purchases, but is also a critical step towards establishing yourself financially. In fact, responsibly managing a credit card by making regular purchases and consistent on-time payments is the quickest way to build local credit history, which then makes it easier to access other financial solutions in the US.
New immigrants find it difficult to apply for and receive a US credit card without having a track record of financial transactions in the US. Meanwhile, US credit card companies do not have the ability to access and extend products and services based on international credit history.
This leaves new immigrants with limited options, only being eligible for secured cards (which require a security deposit) despite coming from a strong financial background and credit history back home.
Use your international credit history to apply for US credit cards
LCR Capital has partnered with Nova Credit, a cross-border credit bureau, to offer you the opportunity to apply for premium credit cards in the US. Nova Credit translates your international credit history data into a US-equivalent score, allowing you to immediately apply for some of the best credit card options available.
You can view credit card options and apply for free.
How it works
If you’ve lived in any of the countries that Nova Credit services (please see the full list below) and have had a credit card or loan there, you may have a credit history that can be translated as part of your first credit card application.
Countries of service:
- Australia
- Canada
- India
- Mexico
- United Kingdom
1. Explore your credit card options on the application page and choose the right one for you.
2. You will see a screen on our card partners’ application page asking for information to find your foreign credit history. Once you successfully find and verify your report, Nova Credit will pull your international credit history and send it to our card partner in support of your application.
3. You can apply using your foreign credit history if you have no credit history in the U.S. You may be asked to provide proof of identity and your US home address (typically through a US bank account or other official documentation such as a driving license or a utility or phone bill) as part of the card issuer’s compliance requirements.