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Established Contributor
missjae
Posts: 522
Registered: ‎07-18-2013
0

Re: Does everybody start with low limit cards?

I started low, with the exception of when I first started college.  They handed me credit cards with no credit and gave me nice limits. I don't think they do that anymore though.  I wasn't very knowledgeable with credit cards when I started rebuilding.  It took forever to get more than a few hundred dollars.  If you follow the advice on here, you shouldn't have any problem getting the credit you desire.

 

A friend of mine had no credit at all.  I added him as an AU to a few of my accounts, and he was able to get his own cards, with limits higher than mine.

 

Valued Member
drinkthekoolaid
Posts: 76
Registered: ‎06-05-2013
0

Re: Does everybody start with low limit cards?

I started off with a $1000 CC through USAA and from there it got better. Like other posters have already said, income, credit profile, and credit card issuers really dictate the credit limit. Once someone gets a high limit other CC companies will tend to follow if they see good payment history with that first high limit CC. 

Chase Sapphire Preferred VISA SIGNATURE- $10,000~ AMEX Platinum -$NPSL ~ Citi Diamond Preferred $6,000
USAA MASTERCARD - $10,000 ~ Amex GOLD PR - $NPSL
Commerce Bank Visa $5,000 ~ AMEX BCE - $3,000
USAA Student VISA - $1,000 ~ Chase Freedom - $500
Valued Contributor
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

Re: Does everybody start with low limit cards?

yes 

 

i started back in 2010 as a joint applicant on a best buy card. 2.5k instant with my mom. 

a month later i applied for a macys card 100 bucks. 

i didnt apply for anything until 2012. kohls 400 limit. i was like okay. 

 

then june/july came around and i found this site. 

Now i have an amex, a chase, card and 2 5k cards and that macys is at 3.5k

i put that i make 30k annually (this isnt including my bonuses) (starting last july)

 

keep buliding, garden. good things come too those who wait :smileywink: good luck! this forum is filled with info. 

Current: Discover Fico 689 9/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
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47%(OUCH!!)
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Valued Contributor
Themanwhocan
Posts: 1,669
Registered: ‎04-04-2013
0

Re: Does everybody start with low limit cards?

I walked into US Bank, asked for a $1000 secured credit card. They took the money out of my account, and presto a week later I had a card.

 

I used it lightly for exactly 1 year. No other applications, never had a loan, never had a mortgage, etc.

 

1 year later, applied and was given a $8,500 credit limit. Patience pays off. Score was 732. Score jumped to 742 due to having a second credit card and a vastly increased credit limit. Then, I started applying for cards...


Contributor
trying_to_B_good
Posts: 202
Registered: ‎06-30-2013
0

Re: Does everybody start with low limit cards?


eddie84 wrote:

Walmart started me off with $100 CL! :smileymad:   And this was back in '05.  I guess it was a lot back then?  Can't buy crap for a hundred bucks these days. lol


LOL!!!:smileylol: I feel your pain!!! I guess it's per case, huh? Well wht is your limit now with wally world?


IN THE GARDEN TILL 7/1/14!!!
Contributor
trying_to_B_good
Posts: 202
Registered: ‎06-30-2013
0

Re: Does everybody start with low limit cards?

that's an impressive starter card!  Yeah i don't think they are doing that anymore...lol.  I will take my limits with a grain of salt. It's a start, not the end! Higher limits ARE in my future.:robotvery-happy:


IN THE GARDEN TILL 7/1/14!!!
Established Contributor
eddie84
Posts: 586
Registered: ‎05-28-2013
0

Re: Does everybody start with low limit cards?

[ Edited ]

trying_to_B_good wrote:

eddie84 wrote:

Walmart started me off with $100 CL! :smileymad:   And this was back in '05.  I guess it was a lot back then?  Can't buy crap for a hundred bucks these days. lol


LOL!!!:smileylol: I feel your pain!!! I guess it's per case, huh? Well wht is your limit now with wally world?


Nah, I didn't keep it.   I cancelled the card not long after.  That CL was a joke for me... even back in '05. lol :smileytongue:

9/21/14 EQ 704 | AmEx Platinum NPSL | Discover it $11k | BofA Travel Rewards Visa Sig $7k | Citi Platinum Select AAdvantage WMC $10k | Barclaycard Arrival+ WMC $9.7k | Jared/Kay $5.1k | Chase Sapphire Preferred $5k | BofA Cash Rewards Visa Sig $5k | DFS $5k | PayPal SC $5.6k | PayPal Credit $6.5k | Citi Diamond Preferred MC $4.7k | BofA Better Balance Rewards MC $7k | Chase Freedom Visa $4k | Zales $5k | US Bank Visa Platinum $3k | Bloomingdale's $3k | Amex Hilton HHonors $2k | Macy's $2.5k | Amex Delta SkyMiles $1k | Chase Amazon $800
Established Contributor
Exonumist
Posts: 592
Registered: ‎07-03-2012
0

Re: Does everybody start with low limit cards?

I agree with the general concensus that most people are started low. It's not like it matters as you can build it up FAST if you know how.


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Senior Contributor
myjourney
Posts: 26,602
Registered: ‎02-07-2013
0

Re: Does everybody start with low limit cards?

My first 2 were 500 limits which IMHO is standard starting points in most cases. Which my AAoA was long I had some black marks in my file so I think Lenders viewed me as lets start small and see how it goes.

 

1 1/2 years later bigger starting limits and CLI's

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Valued Contributor
bribro
Posts: 1,367
Registered: ‎04-20-2012
0

Re: Does everybody start with low limit cards?

I got my first card from Citibank (the Dividend card that I still have) way back in 2005 while I was in college; the initial limit was $500 as I recall. Citibank had a booth on campus where you could sign up and get a free T-shirt or something, so I figured why not.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

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