Question : What do you think my credit limit will be?
I'm 18, and I FINALLY got approved for a creit card through Chase Bank. I'm trying to start building my credit, and I was just wondering what you guys think my credit limit might be? Obviously, this is my first credit card.To Craig: I haven't gotten the card yet, asshole!
- asked by photoman9988
All Answers:
Answer #1
$500, or $250. Since you have no credit record,they won't go out on a limb for you.
- answered by Steveo
Answer #2
$300 or $500 most likely $300.
- answered by Magee A
Answer #3
this has to be one of the stupidest ?"s ive seenwhen you opened your evelope you pulled out yourcard there was also a letter it tells you yourlimit or geeze you got a phone use it there is a1-800 that you can call
- answered by craig
Answer #4
Congrats!! That is exciting isn't it. I stillremember when I got my first credit card. I thinkthe lowest credit limit is $500 to start. Manageyour credit wisely, and only charge what you canpay off every month. Good luck!
- answered by liwen_bonita
Answer #5
When I got my first credit card (to establish acredit history), the bank set my limit at $500. Igot the credit card with Bank of the West - thesame bank where I have my checking and savingsaccounts. I had to apply a couple of times, andhad to get a co-signer to sign on the account withme. The excuse the first time (I applied alonebefore my dad co-signed the application) was: "Nocredit history on file. Insuffient income tosupport amount of creditrequested."
http://www.bankofthewest.com
- answered by Richard H
Answer #6
they ll give u their lowest credit line , i thinkits $500 for chase
- answered by J.J.
Answer #7
I'm 100% positive that your credit limit will be$500
- answered by Damian L
Answer #8
I believe that since you are just starting out itwill fall between $200 and $300. do not getdiscouraged though because after 6 months of goodhistory you can get an increase. Remember toalways pay on time and you can avoid interest bypaying in full. Also never charge more than youcan handle.
- answered by candi h
Answer #9
So what is credit rating anyways? It is a numbergiven to assess and reflect your creditworthiness.Your credit score will be a number valued from 300to 850. While numerous factors can be attributedtowards this rating, your payment and debt historyare more important than others.To start with, youshall need a copy of your credit report. Ifeverything in the reports is good, then you can berest assured that you will have a good creditscore. Getting your credit reports is easy andpain free. Actually you are permitted one freecopy of your credit report, every year. In orderto get your copy of the report, just contactanyone or all the three national consumer creditreporting agencies as given below:1. Equifax:1-800-525-6285, www.equifax.com, P.O Box 740241,Atlanta, GA 30374-02412. Experian: 1-888-EXPERIAN(397-3742), www.experian.com, P.O Box 9532, Allen,TX 750133. TransUnion: 1-800-680-7289,www.transunion.com, Fraud Victim AssistanceDivision, P.O Box 6790, Fullerton, CA92834-6790Get your free copy of your credit reportby logging on to www.annualcreditreport.com orcall them on 1-877-322-8228. Please note thatwww.annualcreditreport.com is the only websitewhich is legally authorized by the credit ratingprogram to provide you with your copy of creditreport, free of cost.Equipped with the score, itis now easier for you to work towards improvingit. The thumb rule for having a good credit scoreis to pay all your bills regularly. When you payyour bills on time, you increase your creditrating for future. This is for sure, the easiestand most simple way to boosting your creditscores!Another good way of improving your scoresis by paying off some of the bad debt you may haveaccrued. The less money you owe people, the betteryour credit rating will be. Once you have a zerobalance on your card, wait for at least a month.Even though you may have paid off the entirebalance on your card each month, this will onlyget reflected as a balance which gets reported tothe Credit Bureau, a little later.Remember, yourcurrent history is far worthy than your pastcredit history. Also missing payments, meansincreased credit card interest rates. So pay yourbills on time, every time! Read more from:
http://www.credit-card-gallery.com/article/196,Increasing_Your_Credit_Rating
- answered by hardon kekky
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