I just got approved for a $500 credit limit, do I have good credit?

I just applied for a Victoria's Secret card and was approved and given a $500 credit limit. I'm just wondering if this is a good limit or not? Does this mean I have good or bad credit or does VS give everyone a $500 credit limit? This is the first card I've applied for with the exception of the Visa... show more I just applied for a Victoria's Secret card and was approved and given a $500 credit limit. I'm just wondering if this is a good limit or not? Does this mean I have good or bad credit or does VS give everyone a $500 credit limit? This is the first card I've applied for with the exception of the Visa I've had since I was about 16, I'm now 21. Thanks!
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