The content is accurate at the time of publication and is subject to change.

The credit card limit depends on your annual income and creditworthiness. Usually banks look at an applicant's credit history to determine the consumer's creditworthiness. But since you have no credit history the main factor will be your annual income. No one can tell you in advance what decision the bank will make, but the higher your income is, the higher your limit will be.

With a cash back rewards card you can get the usual 1% cash back on all purchases and maybe more in particular categories depending on the credit issuer. For example, Discover it® Cash Back offers 1% cash back on all purchases and 5% cash back (up to the quarterly maximum) on particular purchases that change every quarter (provided you sign up). Also, the card has low APRs and does not charge an annual fee.

If you are approved for a card, it may take a week or more for the card to arrive in mail. As you activate the card it is ready for use. All in all, it can take up to 30 business days to get approved and receive your card.

tags : Banks Cash Back Credit Score Student

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.