American Express will make it easier for immigrants from Brazil, Nigeria, the Dominican Republic and Kenya to get approved for credit cards through it’s partnership with Nova credit and their Credit Passport offering.
The Credit Passport works by ‘translating’ foreign credit reports into a U.S. equivalent report and score. This system was already in place since 2019 for those coming from Australia, Canada, India, Mexico and the UK and this marks the first expansion. Nova plans to expand to more countries in 2022.
