Credi Card application
#31
Forum Regular
Joined: May 2006
Location: Moorpark, California
Posts: 99
Re: Credi Card application
Originally Posted by lee1001
Funny how a 19 year old student is less of a risk than an adult moving from another country who has an excellent credit rating in the UK.
#32
Re: Credi Card application
Originally Posted by lee1001
Can anyone verify if this is true or not?
If so that must mean everyone who immigrates to Canada must start with the same level of credit.
Id be interested to know what that credit score is. My girlfriends 19 year old brother has a credit score of 698 which is decent enough for him to get a credit card with a $1500 limit.
In fact he uses his credit card for everything and usually spends over $1000 a month but always pays the full amount before the due date. He called them to ask for a credit increase and they said no problem because he always pays his bill in full every month they increased it to the maximum which is $6000!!!
Funny how a 19 year old student is less of a risk than an adult moving from another country who has an excellent credit rating in the UK.
If so that must mean everyone who immigrates to Canada must start with the same level of credit.
Id be interested to know what that credit score is. My girlfriends 19 year old brother has a credit score of 698 which is decent enough for him to get a credit card with a $1500 limit.
In fact he uses his credit card for everything and usually spends over $1000 a month but always pays the full amount before the due date. He called them to ask for a credit increase and they said no problem because he always pays his bill in full every month they increased it to the maximum which is $6000!!!
Funny how a 19 year old student is less of a risk than an adult moving from another country who has an excellent credit rating in the UK.
As far as credit cards go, as a PR I managed to get Scotiabank to give me one based on current a/c banking with them and proof of 'net worth' of UK house and equity. (Now Canadian house & equity). Started off with a $3k credit limit which after 6mths I got increased to $5k as I used the CC for business travel. I get alsorts of mailing offers for credit cards. Around 6mths ago I tried for a CIBC Aerogold card to get AC points. After some weeks of rumination CIBC offered a $5k limit credit card if I put $5k in savings with them. Needless to say I declined......
#33
BE Enthusiast
Joined: Jun 2003
Location: Vancouver
Posts: 476
Re: Credi Card application
sorry if this is an old thread, but after I read this topic I applied for American Express Red Card, just received it today with limit £2100, now I am planning to move to Canada in mid November, my question is do I need to do anything with the card to be able to transfer it? do I need to use it here for few months? or its more like a straight forward transfer?
anyone with same experience please share,
Cheers,
anyone with same experience please share,
Cheers,
#34
Re: Credi Card application
Originally Posted by Ibraheem
sorry if this is an old thread, but after I read this topic I applied for American Express Red Card, just received it today with limit £2100, now I am planning to move to Canada in mid November, my question is do I need to do anything with the card to be able to transfer it? do I need to use it here for few months? or its more like a straight forward transfer?
anyone with same experience please share,
Cheers,
anyone with same experience please share,
Cheers,
#35
BE Forum Addict
Joined: Jan 2006
Posts: 1,010
Re: Credi Card application
Originally Posted by Lees147
I agree with what people have been saying regarding keeping your credit history.
This is controlled by a global company and therefore will move with you when you go to canada.
This is controlled by a global company and therefore will move with you when you go to canada.
K.
#36
Just Joined
Joined: Sep 2005
Posts: 29
Re: Credi Card application
Originally Posted by sbays
Nope you need to do nothing, Once you get to Canada contact AMEX in Canada and they will open a new account based on your UK American Express. and this card will report to Canadian Credit agencies. oh and welcome to the world of Air Miles, a feature the UK is missing out on
Does anyone know if it's possible to transfer your balance from your UK amex to your Canadian one?
C
#37
Re: Credi Card application
Originally Posted by sbays
Listen up, We moved from UK to Canada 7 months ago, but before we moved I got an AMEX card in the UK with my UK credit rating. Then wen we got to Canada I phoned AMEX in Canada and Applyied for a Canadian AMEX card on the strength of my UK card because they are the same company. This worked a treat and now we have credit with $5000.00 limit, which has already started a credit file and reports to Canadian agencies.....
Amex were very pleased to do this for me,,,,,,, its working as we get loads of junk mail offering another credit card,
Oh and lots of air miles .........
Amex were very pleased to do this for me,,,,,,, its working as we get loads of junk mail offering another credit card,
Oh and lots of air miles .........
I could apply now for an AMEX card but only expected to be in UK for another 6 months so don't know if that would be long enough to make it worthwhile getting one. Any thoughts??
#38
Re: Credi Card application
Originally Posted by Carin
Does anyone know if it's possible to transfer your balance from your UK amex to your Canadian one?
C
C
#39
BE Enthusiast
Joined: Jun 2003
Location: Vancouver
Posts: 476
Re: Credi Card application
Many thanx, feel better now, because its really annoying that all these years of good credit are scrapped ?, at least I feel am getting something back, is the air miles worth it? I mean with really cheap air flights with airlines like flyzoom ...etc, does it worth it to try amex?
Originally Posted by sbays
Nope you need to do nothing, Once you get to Canada contact AMEX in Canada and they will open a new account based on your UK American Express. and this card will report to Canadian Credit agencies. oh and welcome to the world of Air Miles, a feature the UK is missing out on
#40
Guest
Posts: n/a
Re: Credi Card application
Originally Posted by lee1001
Funny how a 19 year old student is less of a risk than an adult moving from another country who has an excellent credit rating in the UK.