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Student, only AUs, first card limit at 60% reported income

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newhis
Valued Contributor

Student, only AUs, first card limit at 60% reported income

My daughter is AU in a few cards, all less than 3 years with low util.

 

She decided to go for Amex BCE with the up to $450 welcome bonus ($250 for $1,000 in 3 months, up to $200 on Amazon at 10% for 6 months).

 

After a couple of days she got an email with the approval. She is a student and the limit is 60% of income. She only expected a $1,000 limit that she could grow to $3,000 after a few months. I guess she will not be able to increase the limit until her income increases.

 

It does help to put your child as AU.

 

EDIT: SL is $6,000

Message 1 of 6
5 REPLIES 5
fltireguy
Valued Contributor

Re: Student, only AUs, first card limit at 60% reported income

Congrats to your daughter!
What is her SL?
NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!
Message 2 of 6
Anonymous
Not applicable

Re: Student, only AUs, first card limit at 60% reported income

Congrats to your daughter! She got a very nice card.  Let us know what her SL is! Smiley Happy

Message 3 of 6
newhis
Valued Contributor

Re: Student, only AUs, first card limit at 60% reported income

Sorry, the SL is $6,000, I just added that info to original post.

 

Thanks.

Message 4 of 6
defenses
Established Member

Re: Student, only AUs, first card limit at 60% reported income

Congratulations to your daughter! My mom put me as an AU on one of her accounts when I turned 18 and went to college, which really helped build my credit. (It actually still helps my scores today since she put me on her Discover card that's as old as I am. Smiley Wink)

Message 5 of 6
Anonymous
Not applicable

Re: Student, only AUs, first card limit at 60% reported income

Congratulations to your daughter! The same happened with my fiancee when he got his first card (was Amex also). It really does help! Smiley Very Happy
Message 6 of 6
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