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Established Contributor
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
Posts: 77
Registered: ‎06-05-2013
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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. 

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USAA Student VISA - $1,000 ~ Chase Freedom - $500
Valued Contributor
Posts: 2,270
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. 

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Valued Contributor
Posts: 2,154
Registered: ‎04-04-2013
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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
Posts: 202
Registered: ‎06-30-2013
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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
Posts: 202
Registered: ‎06-30-2013
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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
Posts: 650
Registered: ‎05-28-2013
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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:

Established Contributor
Posts: 642
Registered: ‎07-03-2012
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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
Posts: 26,776
Registered: ‎02-07-2013
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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



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

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