@sarge12 wrote:
@Subexistence wrote:
@irunfromcredit wrote:And one question I have for you...one of your posts asks about extending promo period to meet the $1000 spend since you said that you are not sure if you can meet the spend. But then the other post "gripes' about the $1200 limit. I would imagine a $1200 limit meets your spending patterns, especially if you need a bit longer to meet a $1000 spend...Does the $1200 limit not meet your spending needs???
I am a student. $1,200 does meet my spending limits but it hurts my LexisNexis reason codes which will hurt my car insurance. It does so because LN uses average credit limit as a factor in determining score. More can be found on http://ficoforums.myfico.com/t5/General-Credit-Topics/Car-Insurance-and-Store-Cards/td-p/4846517
It's also pretty humiliating and embarrasing. One of my friends got AU when he was 16 on a chase card then his dad did a citiDC application for him landing $2000 SL when he was 18. Then I referred him to Discover for him to land $5,000SL unsecured and this was all before a fico score generated. Another one of my friends had $14,500 SL from co-signed m&t visa signature. They are all 18 year old first year students like me. Out of the 3 of them, I care most about credit and even when I had a FICO score I worked really hard on, I still could not come even close to them. A great shame has fallen upon me.Subexistence....how does anyone even know your credit limit? Higher credit limits will surely be available once the card issuers see that you can handle the smaller limit. You are still young, the best credit profiles come with time...lot's of it...be patient.
I tell them it just like how they tell me their's. If I stay silent about it they can probably assume an embarrasement I'm not willing to mention.
Starting Score: Ex08-732,Eq08-713,Tu08-717
@Anonymous wrote:@Subexistence wrote:
I am a student. $1,200 does meet my spending limits but it hurts my LexisNexis reason codes which will hurt my car insurance. It does so because LN uses average credit limit as a factor in determining score. More can be found on http://ficoforums.myfico.com/t5/General-Credit-Topics/Car-Insurance-and-Store-Cards/td-p/4846517
It's also pretty humiliating and embarrasing. One of my friends got AU when he was 16 on a chase card then his dad did a citiDC application for him landing $2000 SL when he was 18. Then I referred him to Discover for him to land $5,000SL unsecured and this was all before a fico score generated. Another one of my friends had $14,500 SL from co-signed m&t visa signature. They are all 18 year old first year students like me. Out of the 3 of them, I care most about credit and even when I had a FICO score I worked really hard on, I still could not come even close to them. A great shame has fallen upon me.That is literally one of the worst ways to look at credit and it would do yourself some good to get out of that mindset. Also, why does it matter what others have as limits? Why not worry about building your own credit and not comparing apples to oranges?
The reason it matters is because people are meant to feel bad when others do better. I'm sure if you got a B on an assignment when everyone else got As on the same assignment, you would feel bad.
@sarge12 wrote:Subexistence....I guess to each his own....I would never tell anyone who knows me what my credit limits are. When I was young and wanted to impress people I would. I finally impressed some people enough for them to stab me in the chest in an attempt rob me. I spent a week in the hospital with a punctured and collapsed lung...lesson learned. You would be better served to impress others with strength of charachter, wisdom of actions, and kindness of heart. All else is worth little.
Whoa
@Subexistence wrote:
@Anonymous wrote:@Subexistence wrote:
I am a student. $1,200 does meet my spending limits but it hurts my LexisNexis reason codes which will hurt my car insurance. It does so because LN uses average credit limit as a factor in determining score. More can be found on http://ficoforums.myfico.com/t5/General-Credit-Topics/Car-Insurance-and-Store-Cards/td-p/4846517
It's also pretty humiliating and embarrasing. One of my friends got AU when he was 16 on a chase card then his dad did a citiDC application for him landing $2000 SL when he was 18. Then I referred him to Discover for him to land $5,000SL unsecured and this was all before a fico score generated. Another one of my friends had $14,500 SL from co-signed m&t visa signature. They are all 18 year old first year students like me. Out of the 3 of them, I care most about credit and even when I had a FICO score I worked really hard on, I still could not come even close to them. A great shame has fallen upon me.That is literally one of the worst ways to look at credit and it would do yourself some good to get out of that mindset. Also, why does it matter what others have as limits? Why not worry about building your own credit and not comparing apples to oranges?
The reason it matters is because people are meant to feel bad when others do better. I'm sure if you got a B on an assignment when everyone else got As on the same assignment, you would feel bad.
As someone who is currently getting their Master's degree and never cared what anyone else got grade wise than no, I wouldn't feel bad because to me it's pointless to compare myself to others 
But I am also a bit older than you and have had time to realize that life is not about what others have and what I don't have. Good luck in the credit world, your Amex will get a better limit at some point.