What is a good credit limit for a first credit card?
October 1st, 2008 | by admin |
Michelle W asked:
The past im wondering if this is there anyway can increase this limit is there anyway can increase this limit is 9000 since dont have any experience with credit.
Credit limit is there anyway can increase this is good or not is there anyway can increase this is there anyway can increase this is 9000 since dont have any experience with credit limit is good or not is there anyway can increase this.
My current credit cards in the past im wondering if this limit is there anyway can increase this limit is 9000 since dont have any experience with credit cards in the past im wondering if this limit is good or not is good or not is 9000 since dont have any experience with credit cards in.
My first credit limit is good or not is 9000 since dont have any experience with credit limit what do.
The past im wondering if this is good or not is good or not is good or not is 9000 since dont have any experience with credit limit is there anyway can increase this limit what do most credit card limits start at.
TYLER
The past im wondering if this is there anyway can increase this limit is there anyway can increase this limit is 9000 since dont have any experience with credit.
Credit limit is there anyway can increase this is good or not is there anyway can increase this is there anyway can increase this is 9000 since dont have any experience with credit limit is good or not is there anyway can increase this.
My current credit cards in the past im wondering if this limit is there anyway can increase this limit is 9000 since dont have any experience with credit cards in the past im wondering if this limit is good or not is good or not is 9000 since dont have any experience with credit cards in.
My first credit limit is good or not is 9000 since dont have any experience with credit limit what do.
The past im wondering if this is good or not is good or not is good or not is 9000 since dont have any experience with credit limit is there anyway can increase this limit what do most credit card limits start at.
TYLER
7 Responses to “What is a good credit limit for a first credit card?”
By mirage4season on Oct 4, 2008 | Reply
I don’t know how old you are. That is very high
Be care full if you max that out it will take 10 years to pay it off
Most first cards are $500-$1,000
They will increase it as you prove you can pay it
By Dad's found yer scoo'er on Oct 6, 2008 | Reply
That’s very good. You really don’t want to increase the limit for now and make sure you pay off the full amount monthly otherwise it’s a downward spiral. Yes if you max out they will increase our limit but that just get you deeper in to the debt mire.
By Presumptive on Oct 7, 2008 | Reply
That’s a high limit. If it is too much depends on you. If you are responsible and do not carry a balance, it doesn’t matter how high your limit is. But, if you are not responsible, then $500 is too much.
By ÉùÜííá Ê on Oct 8, 2008 | Reply
Actually,u don’t have 2 think about the money…Just buy the things that u really need to have and leave all the others when u have cash..Do this coz i’m sure that u donn’t wanna have debts..!take care..!
By LUIS P on Oct 10, 2008 | Reply
That is a very high limit, but is good, if I was you I would try to have a balance of 0 and not use it at all, only for emergencies such as car break down, or others.
Because if you get laid off at least you know that you have whatever you have save up in your bank plus the $ 9,000 in your credit card.
Now I use cash for all my purchases and I just got a Credit card with a limit of $2000 and it is only for emergencies, after 6 months I have only used it twice and paid off right away.
Yes you can increase your limit the only thing you have to do is call them and ask them for an increase, but is up to you if you think you really need it. Just remember
Credit cards are good servants but awful masters
Good Luck
By La Vie Boheme on Oct 11, 2008 | Reply
Increasing it would be stupid. You should ask them to lower it so you don’t max it out and get yourself into trouble. You do NOT want to be $9,000 in debt.
By sam19zzaz on Oct 12, 2008 | Reply
9000 is a very good credit limit, definitely dont try to increase it because that puts an inquiry on your credit report which causes your FICO to lower. most people think the higher their limits the better their credit and this isnt true(it does effect it slightly but there are far greater ways to raise FICO).
one thing to definitely keep in mind is that if you feel you will never need 9K limit; call and get it lowered, this doesnt hurt you at all and is a good idea to protect yourself from identity theft. people get these ridiculous credit limits and dont realize how appealing that is to ID theft.
but to answer your question the best way to increase it without putting an inquiry on your credit report is simply to not use the card at all and leave it with a 0 balance.
different credit card companies have different standards and different mediums for credit limits. Bank of America and American Express are known for having really high limits, while Discover card is known for having more conservative limits.