How to Build Credit with an ITIN Number

Introduction

Building credit in the United States without a Social Security Number (SSN) might seem impossible, but it is entirely doable using an Individual Taxpayer Identification Number (ITIN).

Step 1: Apply for an ITIN

First, you need to apply for an ITIN through the IRS using Form W-7. This number allows you to pay taxes and open bank accounts.

Step 2: Get a Secured Credit Card

Many major banks, like Bank of America and Capital One, offer secured credit cards to ITIN holders. You place a deposit, which becomes your credit limit.

Step 3: Pay on Time

The most important factor in your credit score is your payment history. Always pay your balance in full and on time every month.