Established Contributor
Posts: 739
Registered: ‎06-30-2007
Re: Why is the credit limit so low?
at least apply for a personal installment  to buy computer or something , auto loans and mortages help.
installment is how I got started in 2002 my grandmother co-signed for a $2000 24 month loan at 10.5% for a computer and was secured by the computer, that was Feb  in April 2003 BoA sent me a offer gave me 1K  interest was arourd 16% but had no AF,
then in  june of 04 cap1 sends me a offer for 8.9 fixed I wasn't as credit savvy as I am now and cause my mother is a credit minmalist " you only need one credit card for emergencies" I closed my BoA,
ironicly BoA would've eventaly  promoted my card, capy never will
People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS