I started out with a 500.00 credit limit co-signed by my parents at 19 years old. It was for expenses incured while traveling for Lockheed, and required a $25.00 deposit.
I got my statement today and in 19 years I have racked up a grand totle of 188.98 in my account.:roll:
However, I have gone from 500.00 to 25k in credit limit. When I got to 10 k(at about 29) I started doing what I posted above.
Granted, I have been lucky and have not had expenses beyond my control.
Credit cards are difficult, but if delt with correctly can reep serious rewards. IE. if you have no credit you cant get ****.