Nfcu low limit

[Anonymous]

My DD is 18, only has a chase account she is an AU on (20 years old 3k CL) and she was approved for Discover (2500 CL) last month. I maxed out the Discover to show some spend and paid it off to put some spend through it for her. Well she apped nfcu before the zero balance reported and got a 1k limit. Do you think she should apply for another nfcu card now that her score is up over 50 points since her initial app? Or wait the 91 days?

<Mod edit: post restored and post locked.>

[Hut1]

Hi and Welcome! 

To give you a real assessment, we would need more info than that. What's the UTI on the Chase account. Does she have any additional accounts other than your Chase & her Discover?

[Remedios]

Hi and welcome

For an 18 year old, I'd call that very generous limit. I also think you're not doing her any favors by maxing and paying off cards for her.
That's really not teaching her how to manage her own credit or finances.
I'm curious, what kind of income did you report for your child?

My opinion, at her age (I cannot emphasize that eniugh) she does not need any more cards at this time.

[Jnbmom]

---

@Anonymous wrote:
My DD is 18, only has a chase account she is an AU on (20 years old 3k CL) and she was approved for Discover (2500 CL) last month. I maxed out the Discover to show some spend and paid it off to put some spend through it for her. Well she apped nfcu before the zero balance reported and got a 1k limit. Do you think she should apply for another nfcu card now that her score is up over 50 points since her initial app? Or wait the 91 days?

---

You can only apply for one card every 91 days.

[Anonymous]

Always pif on the chase account. It's actually just an old account that my wife uses for daily expenses. No other accounts. Zero dti. Thanks

[Anonymous]

I think $1k CL for an 18 year old is good. To answer your question, I would wait and apply for a cli. 

[Anonymous]

Thanks for the help!

[Anonymous]

getting a mortgage doesn't require much credit.  Getting a good rate just means you need a high middle score and not much else.

2-3 years with a single card is enough to get a prime rate under 4%.

[Anonymous]

@Anonymous Why did you delete your post? I'm sorry that you felt that you needed too. 

[CreditCuriosity]

Post restored and thread is now locked.  Deleting posts causes alot of confusion and a post is put out of context after responses come in.  If you have a concern @Anonymous  please feel free to reach out to a moderator and we will do out best to address it..  You can use the ... in upper right to mark inappropriate behavior and we will look into it and give you a chance to write something to us.

--CC

myFICO Moderator