What ever happened to $300 credit limit?

$1100 doesn't seem excessively high to me. Could it be that its the $300 of our young adulthood, with inflation and the fact that Americans love credit cards more than ever factored in?

If your son agrees that $1100 is too high, I wonder if he could contact the issuing bank to lower his limit?

That said, good on him to have gotten his CC in college. My son got tons of pre-approved CC offers as he graduated HS and during the first couple of years of college. It was decided that he would wait till close to graduation to sign up. We thought building his credit through apartment rentals and utility payments would be enough to get him started. Big, huge mistake. By the time he got close to graduation, all the banks required either his dad or I to also be on the account for the first year or two (I'm unclear on the length since his dad was the one to do it). In hindsight, our son should have been building his CC history during college like your son is doing.

This reminded me of a friend I had in college. His grandfather gave him a gas card, maybe for Shell or Exxon? He used it for gas... and beer

I did the same thing with the gas card my parents gave me in college!

My very first credit card was a Discover. I was a college student and worked about 15 hrs/week. I listed my occupation as student and was honest about my minimal income.

My credit limit was $10,000.

Ds' credit limit is $500.

I was a bank employee in 1990, and my employee discounted credit card limit was $500. I had been working there for 2 years. My boyfriend at the time, getting paid cash at his part time job got a card at the same time with a $1000 limit. It never made sense to me.

You can have the limit lowered. We had a ridiculous limit on our main Visa we could charge a car and they kept raising it until we called.

My 2 have had Ex’s cc in their name for severally years before they even went to college. They both use that CC from their father’s account for books & materials for college & clothes. Then Ex pays it. Which gave them a credit history before graduating thankfully.

DD now has all of her banking in order including a cc even though she is currently unemployed. ( she starts next week ! ) Her CC has a $3000 limit.

3 classes if college textbooks could easily equal that!

When my DS got a credit card with me as a co-signer in High School because he was going on a school trip to Germany we were able to get a card with a $500 that he continued to use while in college, etc. Fast forward to his younger brother and the lowest the bank would issue was $1500. Honestly I liked DS#1 having such a low limit since he got to learn how to be responsible while not being able to get over his head if you know what I mean.

I think DD started with a $500 credit limit on her first college card.

We never see her bill, and if your DS's is in his name alone, IMHO, he shouldn't have to clear any purchases with you. He should be responsible for paying the bill. We agreed to cover things like gas, school expenses, medical expenses, etc., and DD just lets me know what I owe her every month. 

Yeah, that.

If his reported balance is more than 30% of his credit limit, it will have a negative impact on his credit score. Over 50%, very negative. Even if you pay off in full each month, a $0 balance is not necessarily what’s reported to the credit bureaus. With a very low credit limit, he could easily hit 50% utilization with just a few tanks of gas.

It’s a good time to learn responsible credit use.

I had each of my kids issued cards on my accounts when they turned 18. I had enough cards that I could let them pretty much be the sole user of the card, so there was no arguing that they hadn't made a charge. I was surprised that my cards showed up on their credit reports! They were just listed as users, not as being responsible for the payments. by the time they wee ready to apply fo cards of their own, they both had what appeared to be years of successfully managing their credit card debt.

When my son moved to the West coast, I removed him from my account, I thought. I canceled his cards and he has never been issued one when we had to replace cards due to having them hacked. He recently told m that he is still listed on two of the accounts, which he liked since it shows a long credit history with no payment issues. LOL

Teaching your kids how to manage credit is one of the most important lessons you will teach them. My DH was never taught this and he would really struggle with it if I didn't manage our finances. He truly does not seem to be able to understand that you have to use credit cards carefully, thoughtfully, because you do have to pay for what you use them for. I have to keep a stranglehold on ours to keep him from running up balances on them again. He doesn't mean to put us in debt, he just wanted XYZ and he had a card in his pocket, so...

The worst part is - he doesn't really buy for himself, he buys for others. When the kids were small, he would top into Toys R Us and buy them something hideously expensive, usually something I had told them they couldn't have. He'd gift it to them before I could stop him! Then I had to stop them from opening it and make him return it. My kids learned fast that gifts from Dad weren't theirs until Mom said they were. I insisted he pack the things up and return them himself, plus he had to pay any restocking fees out of his weekly allowance. This seemed to get the message across more than watching his kids be upset because they were so excited to get something only to have it taken away. I think this has stayed in my kids' minds as they make their credit choices - they don't want to be like their dad and hurt people they love just so they can get praised and thanked.

Marcy