FlyerTalk Forums - View Single Post - Credit card application rejected: no credit history, any idea?
Old Jun 2, 2011, 12:47 am
  #18  
2tall4economy
 
Join Date: May 2011
Location: ORD
Programs: AA LTG, Marriott LTP. 50% Delta LTS, Working on Hyatt LTD
Posts: 676
As a US citizen living in China I'm actually a little puzzled by the posters here; I have zero interest in acquiring a local charge or credit account as I know it will only be temporary until I return to the states in 5 to 10 years.

Nothing you do credit wise in the local country will count for "credit" in your home country, so you're just setting yourself up to have to re-prove yourself when you move home if you don't stick with your home credit cards.

Accordingly, I do have a cash / debit account but only use it when absolutely necessary.

Also, if the above doesn't sway you and you're convinced you need a US credit card, there's an easy solution:

Grab $50,000 or so from your home investment accounts, deposit it with a US branch of UBS in a RMA account (or find an equivalent at another bank), and get a set of no fee, non-securitized (in theory they're securitized by your investment balance, but if you default they can't go after your UBS deposits) cards with a limit equal to your deposit with UBS.

Bingo, "real" cards with high limits issued by US banks, with a reward point feature, and if you pay the fee (~$500) you basically get AMEX platinum benefits too.
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