$6,000 credit limit on USAA credit card? Is that good?

Yes, $6000 is good for a “first” card – but it's not really your first. You have been building credit with the card that was connected to your mom's account and your student loans.

I would use this card for a year before applying for another. Another one won't help your credit more as long as you use this one properly. But, it's not a bad idea to have two or three cards (I wouldn't get more than that).

To build the best credit using a credit card, you should use it at least once a month for something that you need to buy anyway (gas, food, etc.). Set that money aside immediately so that you have the full amount when the statement arrives.

Pay in full, but don't pay before the statement prints. If you pay before your cycle closes, then “zero” could be reported to the credit bureau as your usage, which won't help your credit score at all. Keep your utilization at, or below, 30% of your available credit to develop the best credit score. In other words, since you have a $6000 limit on your card, it's best if you don't have more than $1800 in use when your cycle closes.

You've already said that you don't intend to even use that much. And, you only need to buy a lunch or pay for Netflix if you want. Just use it on something once a month even if it's a small purchase.

I just saw GoWiththeFlow's comment about getting a new Blue Slate card. That's definitely true - but for some reason I thought you meant your mom took you off of it in February. I don't know why, since you didn't say it that way!! If she hasn't already taken you off, you should ask her to do so now. Being an authorized user on her card was a great way for you to develop credit. But, you don't want her card effecting your debt/income ratio down the line. Now that you have your own, you no longer have the need to be on hers.

Usaa Credit Card

Yes, $6K for a new card is a very good limit. Keep in mind that just because you have a $6K limit does not mean you have to actually use it all or carry balances.

Your student loans have been building your credit. Also, I suspect that Chase card had you as an authorized user on your mother's account. That would show on your credit and give you the benefit of that card history.

At this point, you should make sure that your mother has removed you as an authorized user on that card. Your credit is established and you don't need that boost. Authorized user accounts can become problems on down the road.

If you close a credit card account, make sure that you request a notation that it was closed at your request....otherwise, your credit can be damaged. Your credit score is based on the percentage of available credit you are currently using, so you can lower your credit score by closing accounts. However, you can balance this by doing the following: 1) any account you close, ask for the notation- closed by customer request. 2) don't charge any account up to or beyond the limit...try to keep a 20-50% available credit on any account...if you can, pay off the balance each month. I make double payments on all my credit cards where I carry a balance (two payments a month instead of one). This ensures that I am always paying down the balance as well as covering the minimum.

A bit of a warning: When credit cards expire a new one is mailed out.

You better figure out where that card went.

Does Chase have your address updated?

Again, it's automatic that a new one is mailed.

When a card expires, it does not mean it's the end of it.

Wow! thankyou! just what I was searching for. I tried looking for the answer on other websites but I couldn't find them.

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