September 16, 2023

How to get a credit card with just the ITIN: A step-by-step guide

If you are a resident of the United States and do not have a social security number (SSN), you can still apply for and obtain a credit card using your individual taxpayer identification number (ITIN). Here we explain in detail how to do it in a series of steps.

Step 1: Get your ITIN

Before you can apply for a credit card with an ITIN, you need to have one. The ITIN is obtained through the Internal Revenue Service (IRS) by completing Form W-7. You can find this form on the IRS website or at a local IRS office. The application process requires you to provide documents verifying your identity and your resident alien or nonresident alien status. Once you have completed the process and obtained your ITIN, you will be ready to move on to the next step.

Step 2: Establish a credit history

To qualify for a credit card with an ITIN, it is important to have a solid credit history. Credit card issuers want to see that you are a responsible borrower. Here are some ways to build a credit history:

- Secured credit cards: These cards require you to make a security deposit as collateral. The credit limit usually equals the deposit. As you use the card and make timely payments, you can build a positive credit history.

- Small personal loans: Consider applying for a small personal loan, such as a secured loan. Paying this loan on time can also help you improve your credit history.

- Become an authorized user: Another option is to become an authorized user on the credit account of a family member or friend with good credit. This allows you to benefit from their positive credit history.

Step 3: Research and choose the right card

Once you have a credit history, it's time to do your research and select a credit card that suits your needs and circumstances. Keep in mind that some cards are more accessible to people with ITINs than others. Look for cards designed for those with limited credit or that accept ITIN applications.

Step 4: Apply for the credit card

- Once you've chosen the right card, follow these steps to apply for it:

- Complete the application online or in person, providing the required information, including your ITIN. Make sure you enter information accurately and verifiably.

- Provide accurate financial information, such as your income and expenses. Credit card issuers may verify this information to evaluate your ability to pay.

Step 5: Wait for approval

Once you've submitted your application, the card issuer will review your credit and financial history. This may take some time, and you may have to wait a few weeks for a response. During this period, it is important that you maintain a good credit history by making payments on time and avoiding excessive debt.

Step 6: Activate and use your card

If your application is approved, you will receive your credit card by mail. Activate it following the instructions provided by the issuer and start using it responsibly. This means paying your bills on time and not spending more than you can afford.

Step 7: Build and maintain good credit

Once you have your credit card, it is essential to continue building and maintaining a good credit history. This will help you qualify for better credit offers in the future. Use your card responsibly and make sure you pay your bills on time.

And that even though you are applying for a credit card with an ITIN, the responsibilities and expectations for credit management are the same as for any other credit card holder. Using your card responsibly will help you build a solid credit history and gain access to better credit options in the future. Good luck!