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What was your credit limit when you were in college?

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Roarmeister
Frequent Contributor

Re: What was your credit limit when you were in college?

Don't know.  That was 30+ years ago....

Starting Score: EQ 732 October 2007; Current Score: EQ 839; TU 865, July 2022;
Oldest Reporting EQ Account: 20.4 years; EQ AAoA: 9.9 years;
ACTUAL Oldest account 40.1 years; ACTUAL AAoA 19.3 years.





Message 11 of 20
thom02099
Valued Contributor

Re: What was your credit limit when you were in college?

When I was in college, credit scores were in Roman numerals...Smiley Very Happy  Caesar would not allow us to see them. 

 

Credit scores came in to use in the 80s, with the FICO score beginning in the mid-80s.  Prior to that, there were 5 major credit bureaus and many smaller ones and they each had their own criteria for credit, using their internal scoring process if they had one.  Credit was granted pretty much on a judgment call by the grantor.  That's why some of us, who had no credit history to speak of, were granted early credit cards; I got Carte Blanche and AMEX Green in the mid-70s. 

 

Credit limits, and the monitoring/requesting of increases, is a fairly new phenomena as consumers have become much more aware of the benefits of CLI.  In the 80s when I got cards, we were pretty much at the mercy of the grantor, and getting increases was not widely practised by consumers. Consumers became more aware in the 90s and early 00s, and CLI requests became more popular. 

Message 12 of 20
Anonymous
Not applicable

Re: What was your credit limit when you were in college?

I’m currently in college with two years left, guess you can call me a late bloomer (age 29) and I have a little over 16,000 in available credit, with the highest being 3,500 (Amex BCE).

Message 13 of 20
Anonymous
Not applicable

Re: What was your credit limit when you were in college?

thom02099 - so you were around when dinosaurs roamed the earth?
Message 14 of 20
jsucool76
Super Contributor

Re: What was your credit limit when you were in college?

In college now Smiley Very Happy 21 =]

 

I've got too many cards though Smiley Tongue

 

Chase: Slate - 1k, Marriott - 5k, Ritz - 5k

Cap1: Quicksilver - 6.5k

Wells Fargo: College Cashback Card - 900

GE/Synch: Walmart - 6k, PayPal Smart Connect - 3k

Barclay's: Arrival - 3.5k, Ring - 3k

Citi: Forward - 2.6k, Doublecash - 1.2k

Discover: It - 2.8k 

BoA: Travel Rewards/Students - 2.7k 

Amex:  PRG - NPSL

 

Message 15 of 20
thom02099
Valued Contributor

Re: What was your credit limit when you were in college?


@ArmyVietVet wrote:
thom02099 - so you were around when dinosaurs roamed the earth?

Yup!  Future Petrochemical...Smiley LOL

Message 16 of 20
Boragard
Established Contributor

Re: What was your credit limit when you were in college?

My first credit card limit in college was $800. 

Message 17 of 20
Anonymous
Not applicable

Re: What was your credit limit when you were in college?

I'm currently in college, my first card was Discover It with a 2k limit, second card I got was Capital One Platiunum Visa with a 2.5k limit, and my third card that I just recently got  is Chase Freedom with a 1.2k limit. Total CL is $5,700 and thats higher then a couple of my friends

Message 18 of 20
Anonymous
Not applicable

Re: What was your credit limit when you were in college?

When I started college at the beginning of the year I had a 2000 credit limit but as of last month its up to 3830. 

Message 19 of 20
Anonymous
Not applicable

Re: What was your credit limit when you were in college?

$200 limit on my Chase Freedom card... Cat Frustrated

Message 20 of 20
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