Chase +1 Student Credit Card

After finding out that my secured BankAmericard had an annual fee, I decided to cancel it. I knew cancelling my first credit card was bad, but I really did not want to pay the annual fee. Shame on me for not reading the contract.

The next card I found was student friendly, so I applied for it. I didn't get an instant decision, but the card did arrive within 10 days of applying. It came in a matte black card with a glossy Chase logo in the center, which looked super cool... until I saw my credit limit.

Details
Bank: Chase
Type: +1 MasterCard
Credit limit: $300 :(
APR: %0 for 12 months; 17.24% thereafter
Annual fee: none
Benefits: received points by making on-time payments to redeem for merchandises