Landed on H1B. Rejected by banks. Relatable?

If you’re moving to the U.S. on an H1B visa, one thing quickly becomes clear–credit score matters. Whether you’re renting a flat, applying for a credit card, or just trying to build a financial base, you’ll need to start from scratch.

A lot of Indians who’ve previously been in the U.S. on J1 or F1 visas are surprised to find that previously held bank accounts or debit cards do not come in handy today. For most people, you require a credit card to begin establishing your score—and that’s where the confusion starts.

The majority of banks request a Social Security Number (SSN). If you had one prior to your J1, it will remain yours. It does not change. However, there are some banks who might still hold back if they notice your SSN to be ‘restricted’ depending on what visa you have.

Banks such as Bank of America and Discover are commonly suggested for beginners. They’re said to provide credit cards that don’t necessarily require a long credit history.

That being said, regulations vary from branch to branch. Some individuals open accounts smoothly with just their visa and I-797, while others hit roadblocks despite complete paperwork.

If you still have your J1 bank account, give that a try first. It’s usually easier than starting over.

Credit score isn’t the only thing, but it does help with big things—such as renting without a co-signer or getting lower rates on insurance. Getting an early start, with the right bank, can make it easier.