Comments on: How do they decide credit limits for your first credit card? http://lendingproguide.com/how-do-they-decide-credit-limits-for-your-first-credit-card/ Free Consumer Lending Resource Fri, 18 May 2012 10:57:54 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Bob http://lendingproguide.com/how-do-they-decide-credit-limits-for-your-first-credit-card/comment-page-1/#comment-538 Bob Mon, 02 Mar 2009 17:28:20 +0000 http://lendingproguide.com/how-do-they-decide-credit-limits-for-your-first-credit-card/429/#comment-538 Every creditor is different. They look at your history and capacity to pay. If you don't get what you want, use it for 6 months and pay it off every month, then call customer service and ask for a line increase. Keep asking every 6 - 12 months. Every creditor is different. They look at your history and capacity to pay.

If you don’t get what you want, use it for 6 months and pay it off every month, then call customer service and ask for a line increase. Keep asking every 6 - 12 months.

]]> By: Matt G http://lendingproguide.com/how-do-they-decide-credit-limits-for-your-first-credit-card/comment-page-1/#comment-537 Matt G Sun, 01 Mar 2009 15:19:18 +0000 http://lendingproguide.com/how-do-they-decide-credit-limits-for-your-first-credit-card/429/#comment-537 well dude, if you have no credit estiblished you're probably not going to see the limit you are looking for. you may even have problems getting approved, especially in the middle of a credit crisis. lenders are holding on to their money to those who have a very strong history of great credit. you may have luck with capital one or hsbc or target, but expect a credit limit of around $300-500. Banks just don't want to gamble much on someone who has no history to judge on. good luck! well dude, if you have no credit estiblished you’re probably not going to see the limit you are looking for. you may even have problems getting approved, especially in the middle of a credit crisis. lenders are holding on to their money to those who have a very strong history of great credit. you may have luck with capital one or hsbc or target, but expect a credit limit of around $300-500. Banks just don’t want to gamble much on someone who has no history to judge on.

good luck!

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