1. U.S. Elementary Education : What Parents Need to Know
    Dismiss Notice
  2. Middle School Education in the US - What to Expect and What to Do
    Dismiss Notice

Need advise on Digital Federal Credit Union (DCU)

Discussion in 'General Discussions - USA & Canada' started by malarun, Jan 31, 2012.

  1. malarun

    malarun Gold IL'ite

    Messages:
    373
    Likes Received:
    359
    Trophy Points:
    123
    Gender:
    Female
    Hi All,

    My DH and I are here in US for a year now, about 3 months back my DH got a secured credit card. This month we requesetd for a unsecured card from American express through Costco and got the feedback saying credit history not available.
    When we checked citibank has not reported our credit history to Credit Union.

    Now we went to file tax return there the auditor suggested getting a credit card from DCU if you need to inprove your credit history.

    Has anyone used this, can you please suggest about DCU cards.
    What are the things to be considered when you apply for credit card.

    Thanks
    Malar.
     
    Loading...

  2. aparnanc

    aparnanc Bronze IL'ite

    Messages:
    449
    Likes Received:
    36
    Trophy Points:
    48
    Gender:
    Female
    Credit unions are a good place to start when you don't have a credit history. They give you free checking and savings account. No hassles about it being your salary account to get free checking. They will just ask you to donate $2-5 to a charitable cause just to set up the account. No expenses after that.

    Both of you can get secured credit cards from DCU and start building your credit history. You will need to open an account with DCU to get secured credit card. You can also ask them about the normal credit cards. I am not sure if you will be able to get them unless you build a little history using the secured cards.

    My personal experience with DCU has always been good. I highly recommend them.
     
  3. puni88

    puni88 Moderator Staff Member IL Hall of Fame

    Messages:
    12,312
    Likes Received:
    7,204
    Trophy Points:
    545
    Gender:
    Female
    I second Aparna.
    We have DCU account & Credit cards since 15yrs and its been very good.
    If you want to Credit card from another banks, you can deposit your money into an account and out of that account, the bank would issue a credit card.
    We did this during our initial time in US to build credit history.
     
  4. malarun

    malarun Gold IL'ite

    Messages:
    373
    Likes Received:
    359
    Trophy Points:
    123
    Gender:
    Female
    Hi Aparna/Puni,

    Thanks for your reply.

    I have a small doubt can we get a credit card, without opening an account in DCU.


    Thanks
    Malar
     
  5. aparnanc

    aparnanc Bronze IL'ite

    Messages:
    449
    Likes Received:
    36
    Trophy Points:
    48
    Gender:
    Female
    The account is needed only for secure credit card. If you can qualify for a normal credit card from DCU, you will not need to open an account there.
     
  6. malarun

    malarun Gold IL'ite

    Messages:
    373
    Likes Received:
    359
    Trophy Points:
    123
    Gender:
    Female
    Thanks a lot for the information Aparna.

    Regards
    Malar
     
  7. veerzaara45

    veerzaara45 New IL'ite

    Messages:
    19
    Likes Received:
    4
    Trophy Points:
    3
    Gender:
    Female
    DCU & SCU are really good banks!
     

Share This Page