By Adam Jusko, ProudMoney.com, firstname.lastname@example.org
Imagine being a successful professional from outside the United States who is recruited to a high-profile U.S. company. Think Apple or Google or another name that suggests a prestigious new gig. You’d feel pretty important, right?
Now imagine applying for a new credit card to help you smooth the financial transition. Should be a cinch, right? You’ve got a great new job, plus you had a good track record in your home country.
But… no. Without a credit history in the United States, that shiny new job and healthy salary mean little. You’ll have to put down a security deposit to get any credit, or maybe pay a big fee just to get a minuscule credit line.
Seems wrong, doesn’t it?
Well, you’re not the only one that thinks so. That’s why a company called CreditStacks is rolling out a Mastercard credit card especially for those new to the country — people who have impressive career profiles but no U.S. credit history. Instead of treating them like newbies, CreditStacks bypasses the traditional credit scoring model to offer substantial credit lines to those with backgrounds that suggest they can be trusted from Day One in the U.S.