I'm looking to get a credit card here soon to start building credit and was wanting to know how much someone that has no credit history whatsoever is looking to get in credit limit. I know it depends on bank and what not but what is an average for someone in my position?
Your credit card company will base your credit line on your income, expense obligations (they will check your credit scores even if you don't have any yet) then based on your length of employment at least 6mos you will get a credit card or a letter telling you why they turned you down. To start it is best to go through your bank with whom you should be establishing a banking relationship with through a Savings or Checking account. Get one that requires you not to carry a balance or you could accrue fees. Secures credit cards are good only if they do not charge you set up fee and annual fees. When you get your credit card do not carry a balance over to the next month and keep your spending to no more than 1/3 of credit line example $100.00 credit line $25.00 spending monthly and payoff monthly. Soon they will increase you line of credit usually within 3-6mos.
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