Card Credit Orchard Secured, how to do?
I've lived in the US little over six months now, and am trying to
establish credit, which is proving to be a bit more difficult than
expected.
I'm not planning on buying car or a house anytime soon, but since
my crystal ball is a bit hazy, I'd like to get prepared for the
future.
Though living here before as a student, my credit history was blank.
But I did get a secured credit card, and I've had that for maybe four
months now or so. It's from Orchard Bank.
Now, would getting more (secured) credit cards help build my credit,
or is one enough?
Does the type of the card matter, is there a difference how a secured
and unsecured with a low credit limit are reviewed? I was looking at
the unsecured ones, and they just don't seem attractive; I'd be
almost well over $100 in debt without even using the card, by just
taking it!
And do I have to actually use the card in order to build credit, or
is it just based on having it and paying whatever balance there is
in time?
Also, I didn't realize it before, but requests for credit are negative
also, and I've had rejections for too many requests. Apparently they
stay on the report for one-two years. But I shouldn't worry about
that too much, since in that time I'm just starting to be established,
right?
I've lived in the US little over six months now, and am trying to
establish credit, which is proving to be a bit more difficult than
expected.
I'm not planning on buying car or a house anytime soon, but since
my crystal ball is a bit hazy, I'd like to get prepared for the
future.
Though living here before as a student, my credit history was blank.
But I did get a secured credit card, and I've had that for maybe four
months now or so. It's from Orchard Bank.
Now, would getting more (secured) credit cards help build my credit,
or is one enough?
Does the type of the card matter, is there a difference how a secured
and unsecured with a low credit limit are reviewed? I was looking at
the unsecured ones, and they just don't seem attractive; I'd be
almost well over $100 in debt without even using the card, by just
taking it!
And do I have to actually use the card in order to build credit, or
is it just based on having it and paying whatever balance there is
in time?
Also, I didn't realize it before, but requests for credit are negative
also, and I've had rejections for too many requests. Apparently they
stay on the report for one-two years. But I shouldn't worry about
that too much, since in that time I'm just starting to be established,
right?