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Second, remember that you won't have the whole $10,000 for the whole 12 months; you have payments that have to be made monthly. So every month you'd have to withdraw $834.00 to pay that month's bill. And you'll be declaring it as income, so there are taxes.

I can't imagine why I said $834 per month. Obviously it wouldn't be that high. You'd have to pay the minimum requested, which would start around probably $100.00 or so; I don't know for sure.

The one thing I'm really surprised at is that a company would offer a college student a card with a $10,000 credit limit. Usually they start somewhat lower and then build up.

Sorry about the mistake.

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