I had a cosigner credit card via my mother throughout college to teach me about cards. I paid in full every month. The original limit was $1000 & I never asked to increase it.
I graduated and applied for my own card via my bank (once I got my "adult" job) and my credit limit is now only $500. I'm a little outraged that it is so low.
-I have a job but I don't make much money ($15/hr)
-I live expense-free with my family (they have perfect credit, high-income)
-I have enough $$ in my bank account to buy a brand new car with cash (though the application didn't even ask if I had $$$)
-I have no debt
-I didn't have to borrow money for my car or my education (so I have no credit in terms of that)
I know I am new to credit, but I was a little taken back by the $500 limit. I mean, I couldn't even put rent on that if I were to move out.
I majored in Finance & I just want to have a decent credit score so when I buy a house/car/etc in the future, I can get a good rate. Being debt-free with money in the bank was not even considered it seemed--because I'm so new.
Suggestions? I'm thinking of calling and removing my mother from my old "cosigner" card so hopefully that will be good (or will that show as if I'm applying for a new card?)