American Credit Cards

[Bevdeforges]

Originally Posted by jm83

if moving from the Uk is it possible to take credit cards such as capital one and Amex to the US with you and ask the companies to change your card account to a USD account rather than GBP?

You can call Amex before you leave the UK and ask. But - I was told when I moved to Germany (from the US) that they would fax the German Amex people and have them send me an application when I got there. It never happened.

To have a US based credit card - whether it's Capital One or Amex - you have to fill out a form and list your employer, debts, etc. Has something to do with the different banking and credit laws between the countries. But you may want to hang onto a UK bank account and at least one UK credit card. It's very handy for visits back!
Cheers,
Bev

[tilly]

You can always get a credit card that requires you to deposit money ($300) and then you can draw against your own money. It is a for people with bad credit to start showing a good credit history if they make their payments on time.

The biggest legal scam with credit cards is that many companies will give you a credit card at a low/reasonable rate. Then when you run up $3000 in charges, they raise the interest to 30% per year, and stack on late fees.

[Joshua_Beverly_Hills]

Originally Posted by tilly

The biggest legal scam with credit cards is that many companies will give you a credit card at a low/reasonable rate. Then when you run up $3000 in charges, they raise the interest to 30% per year, and stack on late fees.

If you turn the tables, the only way you're gonna make any money is when a consumer slacks off or keep balances.

As a consumer, you've already been told that your APR is variable. It's a matter of you paying off on time and/or having the means to spend. The ball is in your court until you slack. Otherwise, do not bind yourself into "variable APR deals" in the first place. You could get a "fixed APR" line of credit, card or equavalent instead. Again, the ball is in your courts. (from the beginning).
There is also the other thing that, credit card companies do not cater to high risk individuals. (which implies, they're not trying to make money off irresponsible people). They just get denied.

"Legal scam"? Does that include the government taking 30% of your paycheck? "Legal scam" is a big word, dude.

I dont work for a card company but dont know where you're going with that.

[Fatbrit]

Originally Posted by Joshua_Beverly_Hills

If you turn the tables, the only way you're gonna make any money is when a consumer slacks off or keep balances.

As a consumer, you've already been told that your APR is variable. It's a matter of you paying off on time and/or having the means to spend. The ball is in your court until you slack. Otherwise, do not bind yourself into "variable APR deals" in the first place. You could get a "fixed APR" line of credit, card or equavalent instead. Again, the ball is in your courts. (from the beginning).
There is also the other thing that, credit card companies do not cater to high risk individuals. (which implies, they're not trying to make money off irresponsible people). They just get denied.

"Legal scam"? Does that include the government taking 30% of your paycheck? "Legal scam" is a big word, dude.

I dont work for a card company but dont know where you're going with that.

You're not on the Hannity show here! I assume the Beverly Hills is inherited money like our dear president rather than self generated..

[Joshua_Beverly_Hills]

Originally Posted by Fatbrit

You're not on the Hannity show here! I assume the Beverly Hills is inherited money like our dear president rather than self generated..

I have no clue what you're trying to say. I'll let that go.

[synthia]

I think that will work with Amex.

[dave_F]

When I moved to the US, I got an American Express card in the UK. I used the card in the US for a few months paying my statement in the UK. After about 3 months a called the American Express card company in the US an explain how I wanted to be billed in US dollars and convert the card to a US American Express card. They did no problem. The issue with applying for a US credit card is your lack of credit history. This is one of your major problems over here. The bank do seem to be getting tougher and use your credit history determine your rate. So I would try the Amex route.

Hope that helps.

Dave