Posted by: BannedUser January 6, 2012
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Where are you located? Wells Fargo issues a CC w/ a limit of $500 to all account holders.
To build credit, I'd suggest that you swiped your credit card for almost all your purchases. Don't use more than 60% of your limit though. I'd just transfer the money from my Checking/Savings account to pay off the expenses and try to avoid Finance Charge. After 5-6 months, I'd talk to my personal banker to increase my limit. After a couple years, I'd apply to one or two more companies (not together but w/ a gap).
Good luck.
Also, remember - Bad credit is better than no credit. If you're serious about living here, you gotta make sure you have a decent credit.
To build credit, I'd suggest that you swiped your credit card for almost all your purchases. Don't use more than 60% of your limit though. I'd just transfer the money from my Checking/Savings account to pay off the expenses and try to avoid Finance Charge. After 5-6 months, I'd talk to my personal banker to increase my limit. After a couple years, I'd apply to one or two more companies (not together but w/ a gap).
Good luck.
Also, remember - Bad credit is better than no credit. If you're serious about living here, you gotta make sure you have a decent credit.