Monday, December 12, 2011

What's the average credit limit for citi college credit card?

What's the average credit limit for citi college credit card?





I'm thinking to apply for a citi college credit card. I have no credit limit, so that would be my first credit card. By the way, Wells Fargo seems very enthusiastic to offer a college credit card to me, but I heard that Wells Fargo offers very low limit while citi is generous.





No recommendations please.|||The limit is usually between $500 to $1,000 on the first credit card a person gets.


Note: That any time you use more than 30% of your available credit limit your rating starts reducing.


Ex: If your limit is $1,000, never use more than $300 at any time during the month.





New Federal Laws passed in 2010 will make it nearly impossible to get a card unless you are 21 or older.


You must have stable employment, a credit history, and strong ability to pay back.


Be aware of this, and consider a secured card to build up your credit.


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If you have a full time job for at least a year, you may get the $2,000 limit.

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