Recent applied for a new credit card. Just found out my limit is $300. What do I do?

[notadumblonde]

Use it to pay for one gas fill-up a month?
Put my monthly Neflix or Spotify subscription on it?

[CubaPirate]

Keep using it and pay it off monthly and your credit score will increase and your limit with eventually rise too

[Shiprex]

Get a second one

[Shiprex]

Thanks for the MHO @notadumblonde

[AI Opinion]

Using your new credit card for one small recurring charge, like your Netflix or Spotify subscription, can be a smart way to build your credit history. Make sure to pay off the balance in full each month to avoid interest charges and improve your credit score over time. Tracking small expenses will also help you manage your spending without overextending yourself. Consistency is key here! 📈

[lightbulb27]

your last sentence demonstrates how you were trained to be a dumb consumer like all of us, and possibly without financial education. It's simple:

Charge everything on that card unless you want to eliminate the card fees/get cash disocunt.

Pay off the card every month.

Get a card that gives you cash back... like Discover, or Citibank, etc.. so you are collecting some of the $ they are taking from your merchant on every transaction. It costs most merchants ~3%... a terrible waste for them. That's why those card companies are rich.

Call up the card company and tell them you want your credit increased because you are worth it. As trump said long ago..."negotiate".

For the love of God... turn off that garbage media mind control you don't need, is wasting your time and your $. Save that $, get out of debt, so you can rename yourself "freeblonde". Listen to Dave Ramsey a while to absorb some thinking. I did something like that later than you, it helps.

Lastly, increase your class by upping your modesty... women of character don't expose like that.

And go to church to meet Jesus, you'll need Him at some point.

[jennifer_bloom]

What I would do if I did not have a high limit on my credit card is pay it off every time I spend on it so I could reuse the credit card the same week twice.

That is what I do with my TD credit card, because MBNA used to decline my card a lot because I put the wrong password in a few times in a row, so to prevent TD from declining my card, I will pay it off every time I spend on it, and that way my debt is always very very low, and the chances my card will get declined are much lower.

MBNA has also acknowledged I no longer use their card for big purchases after they declined me a few times so now they have stopped declining my cards when I use them.

[AviatorTom]

It's common to have a low limit on your first card, u tip the bank determines you are a good credit risk. Use the card for a few simple things each month, and pay the balance in full at the end of the month. After a while, maybe a year, your credit score will increase and the bank should offer you a higher limit. Be careful, though. Don't overuse the card. Make sure you can, and do, pay off the balance each month.

[notadumblonde]

I have a good job and a 650 credit score

[DishLady]

Just spend it on small, fixed things. Rack up your travel points. Pay the $300 off in full monthly and then in 6 months ask for a boost in the limit (to $600). You can ask for another boost every 6 months.

[bowenw]

Use it responsibly and pay it in full every month. The credit card company will likely raise your limit over time as your prove you are low risk.

[exitseven]

300 bucks is not much since we had 4 years of Bidenfllaton.

[David318578]

Are you trying to build up your credit?

[notadumblonde]

My credit score is 650

[David318578]

Ok so you have room to grow with that, and most of it being in the "fair" level is probably because of your age and just not having a credit history.

The key is not over extend yourself and end up with late payments and getting killed with high interest. I would only use it for know expenses, like paying your phone bill or paying Internet Netflix, etc. and then set up an automatic payment to the cc for the know amount so you always pay it off.

What you are doing now is just creating a papertrail of you being responsible.

Do you have a job, steady income?

[Jeff51]

Nothing. Deal with the limit.