Your credit limit is the limit you're able to spend each month. If you go over this limit, fees will usually be applied. Since you're a student your credit limit will be around $500-$1000ish depending on the card you sign up for.
As for the monthly payments, this all depends on how much you spend for the month. Your minimum payment is usually around 5% of your total balance. You must pay the minimum balance to avoid fees.
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going to open a student credit card, what is these stuff mean?
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