Quote:
Originally Posted by r0nin89
Coming from someone whos had a card since the day he turned 18:
Get something with a low limit to carry around and use.
Get something with a high limit for an emergency.
Dont open any more cards then a daily pay it off every month card and an emergency card. This is bad for your credit to have too many open lines.
Personally I started with a $500 card. Primary purpose was to order parts online as I had the money. Thats all I did with it. I then decided to switch to a card under my new bank and was given a decent card with an $1100 limit. Thats when the trouble started. I began budgeting out what I wanted to get now for car parts vs how long it would take me to pay it off. You just have to be careful, I doubt anyone will offer you a card over $2000 but who knows with previous credit history with your parents as the cosigner.
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You know what's worse? Having 250 dollars on your card when your limit is 500. Now THAT will hurt your credit score! Too many lines and too much credit, might affect your score but not as much as you think. I don't use more than 10% of my credit line on monthly basis, but I can go out and spend 2k and still not be over 10% of my total credit line, my score is in high 7xx, so your point is not exactly valid.