Valued Contributor
Posts: 1,522
Registered: ‎01-05-2010
Re: What will my first credit score be?

From a credit scoring view, it doesn't matter if your credit limit is $200 or it's $1000, and it doesn't matter if the balance is paid as soon as you get your statement or by the due date. What's important is that you have a low utilization. A $1 balance on a card with a credit limit of $10 scores better than $4500 on a $5000 card.

As for getting more cards, you have your whole life ahead of you, but you have only one chance to see what your score is with your present lean file. Once the time is right, then apply for the best card you have a reasonable chance to get approved for.

Are you living within your means?