What is a normal credit limit for a 25 year old?
Average credit limit by age group
Experian offers the following breakdown of average credit card limits by generation: Generation Z (ages 18-26): $12,899. Millennials (ages 27-42): $27,533. Generation X (ages 43-58): $38,665.
Average credit limit by age group
Experian offers the following breakdown of average credit card limits by generation: Generation Z (ages 18-26): $12,899. Millennials (ages 27-42): $27,533. Generation X (ages 43-58): $38,665.
| Rating | Credit Score Range |
|---|---|
| Poor | Lower than 580 |
| Fair | 580 to 669 |
| Good | 670 to 739 |
| Very Good | 740 to 799 |
| Generation | Ages | Credit Karma members' average credit card debt |
|---|---|---|
| Gen Z | Members 18–26 | $2,781 |
| Millennial | 27–42 | $5,898 |
| Gen X | 43–58 | $8,266 |
| Baby boomer | 59–77 |
Credit bureaus suggest that five or more accounts — which can be a mix of cards and loans — is a reasonable number to build toward over time. Having too many credit cards to comfortably manage may result in missed payments and drag your credit scores down.
What's a good credit score for a 20-year-old? Consider yourself in “good” shape if your credit score is above the average for people in your age group. Given that the average credit score for people aged 18 to 26 is 680, a score between 680 and 690 (the average for people aged 27 to 42) could be considered “good.”
What is the Credit Card limit for an individual with Rs 50,000 salary? Credit Card issuers may offer a credit card limit of one to three times the cardholder's monthly income. Therefore, someone with Rs 50,000 salary who has a good credit score might get a Credit Card limit of Rs 1,00,000 to Rs 1,50,000 per month.
What it means to have a credit score of 800. A credit score of 800 means you have an exceptional credit score, according to Experian. According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.
The Takeaway. The average credit score for a 25-year-old is 680, which is the lowest average among age groups. That's likely because at age 25, you have not had much time to build a strong credit history.
A “good” FICO credit score falls somewhere between 670 to 739 or higher, regardless of your age. If, like many 23-year-olds, you lack a substantial credit history, your starting credit score probably won't be within that range.
How much debt should you have at 25?
| Age Group | Average Debt | Delinquency Rate |
|---|---|---|
| 18-25 | $8,085 | 1.80% |
| 26-35 | $17,1917 | 1.95% |
| 36-45 | $26,459 | 1.58% |
| 46-55 | $33,391 | 1.18% |
The Chase 5/24 rule is an unwritten policy that prevents you from being approved for a new Chase credit card if you have opened five or more accounts with any bank in the last 24 months. Even with excellent credit, you'll likely be denied for certain Chase credit cards if you've opened too many credit cards recently.
$5,000 in credit card debt can be quite costly in the long run. That's especially the case if you only make minimum payments each month. However, you don't have to accept decades of credit card debt.
| Age group | Good credit limit |
|---|---|
| Millennials (24-39) | You may be able to get by on $3,000 – $7,000 while the limit generally tops out at $25,000 |
| Gen Z (18-24) | Just starting out, you may get a good credit limit between $500 – $2,000 and typically no more than $12,000 |
Closing a credit card might hurt your credit score because removing a portion of your available credit will cause your credit utilization, a key credit scoring factor, to rise.
The average credit score for a 20-year-old in 2024 was 681.² Gen Z (age 18-26) had an average credit score of 681, while Millennials (age 27-42) averaged 691. Based on these numbers, the average credit score by age 25 should be around 680.
Additionally, if we peek into the statistics, less than 20% of Americans have a score higher than 800, making an 825 credit score quite a rare achievement indeed.
With FICO, fair or good credit scores fall within the ranges of 580 to 739, and with VantageScore, fair or good ranges between 601 to 780. Many personal loan lenders offer amounts starting around $3,000 to $5,000, but with Upgrade, you can apply for as little as $1,000 (and as much as $50,000).
About 70% of all mortgages are conventional loans, which typically require a FICO score of 620 or better. If your score is 760 or higher, you should qualify for the best interest rates.
If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.
Which credit card is best for a $25,000 salary?
- SBI Simply Save Card.
- YES Bank YES Prosperity Rewards Plus.
- HDFC Money Back Credit Card.
- ICICI Platinum Chip Card – Visa.
- CITI Cash Back Credit Cards.
- Standard Chartered Platinum Rewards Credit Card.
- SBI Simplyclick Credit Card.
- ICICI Coral Visa Credit Card.
| Minimum Payment Only | $1,600 Monthly Payment | |
|---|---|---|
| Time to pay off debt | 57 months | 49 months |
| Total interest paid | $32,198.10 | $27,003.57 |
| Total amount paid | $82,198.10 | $77,003.57 |
While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 781-800 is considered an excellent credit score.
The average FICO credit score in the US is 717, according to the latest FICO data. The average VantageScore is 701 as of February 2025.
- Check your credit report. ...
- Pay your bills on time. ...
- Pay off any collections. ...
- Get caught up on past-due bills. ...
- Keep balances low on your credit cards. ...
- Pay off debt rather than continually transferring it.
