Moved: Credit Cards - Annoying!
Jan 31st 2008, 4:20 am
#16
BE Forum Addict
Joined: Jun 2007
Location: Back in Blighty!
Posts: 1,424
Re: Moved: Credit Cards - Annoying!
Shop around - we got unsecured cards on day 3 after arrival.
As R I C H says, no rhyme or reason to credit here - it's at the discretion of the manager. We also got offered a 90% mortgage.
We have had most excellent and personal service from our branch of TD Canada Trust.
As R I C H says, no rhyme or reason to credit here - it's at the discretion of the manager. We also got offered a 90% mortgage.
We have had most excellent and personal service from our branch of TD Canada Trust.
Jan 31st 2008, 6:29 am
#17
Forum Regular
Joined: Jan 2008
Location: Glasgow UK
Posts: 140
Re: Moved: Credit Cards - Annoying!
having no credit rating in a new country is all part of the fun of moving 
try living in America without a social security number, now that's fun and a whole other story
try living in America without a social security number, now that's fun and a whole other story
Jan 31st 2008, 1:49 pm
#18
RETIRED Realtor
Joined: Aug 2006
Location: Winnipeg, Manitoba
Posts: 2,087
Re: Moved: Credit Cards - Annoying!
My experience is that there appears to be no apparent logic to credit here.
I was accepted for a mortgage (RBC) as a tourist here to start a business (which I didn't yet have a WP for). RBC also gave me a $50k credit line and a credit card (unsecured).
I got 0% leases/loans on vehicles and equipment (no security deposits), but was turned down twice for store cards (Sears and The Bay).
Shop around, don't get disheartened and accept that some things won't be immediately available to you.
I was accepted for a mortgage (RBC) as a tourist here to start a business (which I didn't yet have a WP for). RBC also gave me a $50k credit line and a credit card (unsecured).
I got 0% leases/loans on vehicles and equipment (no security deposits), but was turned down twice for store cards (Sears and The Bay).
Shop around, don't get disheartened and accept that some things won't be immediately available to you.
We had exactly the same experience with RBC, excellent service, no problems with credit. I wonder if it was due to dealing with the Business side rather than the Personal? I had exactly the same problem with a Sears Card when we first applied.
Jan 31st 2008, 4:51 pm
#19
BE Enthusiast
Joined: Sep 2006
Location: Southeast Calgary
Posts: 321
Re: Credit Cards - Annoying!
I transferred my UK Platinum Amex over to a Canadian one and got a $5,000 limit straight away.
We've also got a CIBC Visa and had to put money into a GIC to get that one approved.
We've also got a CIBC Visa and had to put money into a GIC to get that one approved.
Feb 1st 2008, 5:58 am
#20
hmm the waiting game....
Joined: Jan 2008
Location: BC, Canada
Posts: 154
Re: Moved: Credit Cards - Annoying!
even same with me... cibc needed GIC money before issuing me a credit card. Its been over 2 year now, hopefully getting my money soon with interest if you can avoid using amex.. not many accept that.
Feb 1st 2008, 12:36 pm
#21
Thinking the unthinkable.
Joined: Mar 2005
Location: Guelph, Ontario
Posts: 2,136
Re: Moved: Credit Cards - Annoying!
When we closed down all our accounts with TD and transferred to RBC, we withdrew those useless GIC funds as well.
