Student credit cards 8 November 2023
Unsecured credit cards generally approve lower credit limits for bad credit. However, there are other credit cards with $2,000 limit that offer guaranteed approval with a security deposit regardless of credit scores and history.
Table of Contents
- Best Credit Cards with $2,000 Limit and Guaranteed Approval
- Discover it® Secured Credit Card
- First Progress Platinum Select Mastercard® Secured Credit Card
- OpenSky® Secured Visa® Credit Card
- First Progress Platinum Prestige Mastercard® Secured Credit Card
- Chime Credit Builder Secured Visa® Credit Card
- Applied Bank® Secured Visa®
- PREMIER Bankcard® Secured Credit Card
- Easiest Unsecured Cards to Get with $2,000 Limit and Bad Credit
- Petal 1 Rise Credit Card
- Surge® Platinum Mastercard®
- Reflex® Platinum Mastercard®
- Easiest Types of Cards for Bad Credit
- How Can I Get a Credit Limit Increase?
- Is a 2k Credit Limit Good?
- How Much Should I Spend on a $2000 Credit Limit?
- Increase Approval Odds
- FAQs
Being able to get a $2,000 limit credit card with bad credit is quite good. This is because most banks approve a maximum credit limit of $500 for applicants who have bad credit. However, there are credit cards that you can get approved for easily with a $2,000 limit right away, like the Discover it® Secured Credit Card.
Secured credit cards are the easiest and the only type of cards that allow guaranteed approval even with bad credit. This is because an applicant’s approval for a secured card mostly depends on paying the one-time minimum security deposit and meeting the age and residency requirements. The amount of security deposit you pay sets the credit limit on these cards. So, to get a credit line of $2,000 you will have to deposit an amount equal to that.
There are few options for no-deposit credit cards that approve applicants for a similar limit with poor credit scores too but they usually start off with lower limits of a maximum of $1,000. After at least 6 months of using them responsibly, you may become eligible for a credit line increase allowing you to double the amount you can borrow.
We have listed the best credit cards with a $2,000 limit and guaranteed approval for you to compare and choose from. These cards will not only allow you the desired credit limit but will also give you a chance to improve your credit score and access credit cards with much higher spending limits in the future.
Best Credit Cards with $2,000 Limit and Guaranteed Approval
Lender | Scholaroo rating | Regular APR | Minimum Credit Score |
---|---|---|---|
Discover It® Secured Credit Card Best for cash back rewards Visit website | 5/5 | 28.24% | N/A |
First Progress Platinum Select Mastercard® Secured Credit Card Best for worldwide acceptance Visit website | 4.8/5 | 19.24% | N/A |
OpenSky® Secured Visa® Credit Card Best for no bank account Visit website | 4.7/5 | 25.64% | N/A |
First Progress Platinum Prestige Mastercard® Secured Credit Card Best for simple rewards Visit website | 4.7/5 | 15.24% | N/A |
Chime Credit Builder Secured Visa® Credit Card Best for no interest Visit website | 4.6/5 | 0% | N/A |
Applied Bank® Secured Visa® Best for no credit check Visit website | 4.5/5 | 9.99% | N/A |
PREMIER Bankcard® Secured Credit Card Best for a high limit Visit website | 4.5/5 | 19.9% | N/A |
Lender
Discover It® Secured Credit Card
Best for cash back rewards
Scholaroo rating
5/5
Regular APR
28.24%
Minimum Credit Score
N/A
Lender
First Progress Platinum Select Mastercard® Secured Credit Card
Best for worldwide acceptance
Scholaroo rating
4.8/5
Regular APR
19.24%
Minimum Credit Score
N/A
Lender
OpenSky® Secured Visa® Credit Card
Best for no bank account
Scholaroo rating
4.7/5
Regular APR
25.64%
Minimum Credit Score
N/A
Lender
First Progress Platinum Prestige Mastercard® Secured Credit Card
Best for simple rewards
Scholaroo rating
4.7/5
Regular APR
15.24%
Minimum Credit Score
N/A
Lender
Chime Credit Builder Secured Visa® Credit Card
Best for no interest
Scholaroo rating
4.6/5
Regular APR
0%
Minimum Credit Score
N/A
Lender
Applied Bank® Secured Visa®
Best for no credit check
Scholaroo rating
4.5/5
Regular APR
9.99%
Minimum Credit Score
N/A
Lender
PREMIER Bankcard® Secured Credit Card
Best for a high limit
Scholaroo rating
4.5/5
Regular APR
19.9%
Minimum Credit Score
N/A
1. Discover it® Secured Credit Card
Best for cash back rewards
Discover it® Secured Credit Card
5
Scholaroo Rating
Regular APR28.24%
Annual Fee$0
Rewards2% cash back quarterly on gas and resturants, unlimited 1% on everything else
Credit ScoreN/A
Why We Like ItPros and ConsEligibility RequirementsRewards & Benefits
Why We Like It
Discover it® Secured Credit Card offers a minimum credit line of $200 and a maximum limit of $2,500. The credit limit you get equals the amount of security deposit you make. It allows easy approval as it does not require a minimum credit score to apply.
This secured card by Discover it® comes with good cash back rewards including a 2% cash back quarterly on combined gas and restaurant purchases of up to $1,000. On all other purchases, an unlimited 1% in cash back is automatically awarded. Moreover, at the end of the first year of account opening, the cardholders are entitled to get an unlimited cash back match which doubles the amount of the total cash back earned by the end of the first year. There is also a lower intro APR offer of 10.99% on transfers for the first six months. By responsibly using this card, you can build up your credit score and be considered automatically for a deposit refund and an upgrade to an unsecured card with higher limits in as little as 7 months.
Discover it® Secured charges a late and returned payment fee of up to $41. However, the first late payment is exempted from these penalty charges.
Pros and Cons
Pros
- Good cash back rewards
- Low Intro APR for the first six months
- Unlimited cash back match at the end of first year
- No minimum credit score required
- Reports to the major bureaus and helps build credit with responsible use
Cons
- Late payment fee of up to $41
- Returned payment fee of up to $41
Eligibility Requirements
- Must be at least 18 years old
- Must have a U.S. physical address
- Must have a U.S. bank account
- Must have a Social Security number
- Must pay the minimum security deposit
- Must meet the income requirements
Rewards & Benefits
- 2% cash back on Gas and Restaurants on spending $1,000 quarterly
- 1% cash back on all other purchases
- Unlimited cash back match at the end of first year
- No penalty for the first late payment
2. First Progress Platinum Select Mastercard® Secured Credit Card
4.8
First Progress Platinum Select Mastercard® Secured Credit Card
4.7
Scholaroo Rating
Regular APR19.24%
Annual Fee$39
Rewards1% cash back on payments
Credit ScoreN/A
Why We Like ItPros and ConsEligibility RequirementsRewards & Benefits
Why We Like It
First Progress Platinum Select Mastercard® Secured Credit Card allows a credit line between $200 to $2000 and is equal to the security deposit made. It is an easy card to get approved for as it requires no credit history or a minimum credit score. You can also earn 1% cash back on all purchases and build credit by making on-time payments. Moreover, the Mastercard payment network allows you to make purchases worldwide, in-store and online, due to its high local and international acceptability.
It has a lower APR rate than many other cards too but charges a high annual fee of $39, 3% of the purchase as a foreign transaction fee, a late payment fee of up to $41, and a penalty for returned payments of up to $30.
Pros and Cons
Pros
- Offer 1% cash back on all purchases
- Helps in building credit by reporting on-time payments to the major buraeus every month
- Requires no credit history or minimum credit score
- Mastercard payment network has high global acceptance
Cons
- 3% foreign transaction fee
- Annual Fee of $39
- Late Payment fee of up to $41
- Returned payment fee of up to $30
Eligibility Requirements
- Must be 18 years old (19 in Nebraska and Alabama)
- Must provide a valid Social Security number
- Must be a resident of a U.S. state
- Must pay the minimum security deposit
Rewards & Benefits
- 1% Cash Back Rewards on payments made to the credit card account
3. OpenSky® Secured Visa® Credit Card
Best for no bank account
OpenSky® Secured Visa® Credit Card
4.8
Scholaroo Rating
Regular APR25.64%
Annual Fee$35
RewardsN/A
Credit ScoreN/A
Why We Like ItPros and ConsEligibility Requirements
Why We Like It
OpenSky® Secured Visa® Credit Card has a high approval rate of 87.4% and allows a credit limit of a maximum of $3,000. You may get guaranteed approval upon paying the minimum security deposit of $200 and meeting the other eligibility requirements like the minimum age, residency, and income requirements.
The best thing about OpenSky® Secured Visa® is that it does not require a bank account. You can make the payments, including the security deposit, via money orders or through Western Union. By making on-time payments and not using the whole balance, this card can help you build a good credit score.
OpenSky® Secured Visa® Card, however, is a fee-heavy card. It charges an annual fee of $35, a foreign transaction fee of 3.3%, a late payment fee of up to $38, and a returned payment fee of up to $25.
Pros and Cons
Pros
- High approval rate
- Helps in building credit with responsible use
- No bank account required
Cons
- No intro APR offer
- No sign up bonus
- Charges multiple types of fees including annual, foreign transaction, late and returned payment fee
Eligibility Requirements
- Must be at least 18 years old
- Must provide an SSN or ITIN
- Must be a U.S. citizen or permanent resident
- Must have a monthly income greater than monthly expenses
- Must pay the minimum security deposit
4. First Progress Platinum Prestige Mastercard® Secured Credit Card
Best for simple rewards
First Progress Platinum Prestige Mastercard® Secured Credit Card
4.7
Scholaroo Rating
Regular APR15.24%
Annual Fee$49
Rewards1% cash back on payments
Credit ScoreN/A
Why We Like ItPros and ConsEligibility RequirementsRewards & Benefits
Why We Like It
First Progress Platinum Prestige Mastercard® Secured does not require a minimum credit score for approval and allows a credit limit of $2,000 at maximum. Applicants can choose a credit limit up to the maximum by making an equal security deposit. This card is a good choice to build credit with as it reports to the three major bureaus. However, you must make on-time payments and keep a low balance to be able to see an improvement in your credit score.
First Progress Platinum Secured card has a simple rewards system which is easy to keep track of. It simply awards 1% in cash back on all purchases. However, there is an annual fee of $49 associated with the card along with a foreign transaction fee of 3% of the purchase made, a late payment fee of up to $41, and a returned payment fee of up to $30.
Pros and Cons
Pros
- Simple cash back rewards
- Reports to the major bureaus
- No credit history or minimum credit score required
- Mastercard payment network comes with global acceptability
Cons
- Annual Fee of $49
- 3% foreign transaction fee
- Late Payment fee of up to $41
- Returned payment fee of up to $30
Eligibility Requirements
- Must be 18 years old (19 in Nebraska and Alabama)
- Must provide a valid Social Security number
- Must be a resident of a U.S. state
- Must pay the minimum security deposit of $200
Rewards & Benefits
1% cash back on payments
5. Chime Credit Builder Secured Visa® Credit Card
Best for no interest
Chime Credit Builder Secured Visa® Credit Card
Scholaroo Rating
Regular APR0%
Annual Fee$0
RewardsN/A
Credit ScoreN/A
Why We Like ItPros and ConsEligibility Requirements
Why We Like It
Chime Credit Builder Secured Visa® Credit Card is a great budget-friendly card as it does not charge any interest rate and has no annual fee associated with it. It also allows you to get a credit limit of up to $10,000 and the actual limit you get depends on how much you directly deposit from your Chime Checking account to the Credit Builder Secured account. The minimum you can deposit is $200.
It helps build credit by reporting to the major bureaus but there are no rewards or bonuses offered by this card. Moreover, a Chime Checking account is a must for anyone to apply for the Chime Credit Builder Secured Visa® Credit Card.
Pros and Cons
Pros
- Budget friendly card
- No credit check
- High credit limit
- $0 annual fee
- 0% interest rate
Cons
- Requires a Chime Checking account
- No rewards
Eligibility Requirements
- Must be 18 years old
- Must be a U.S. citizen
- Must have a Social Security Number
- Must provide proof of income
- Must have a Chime Checking account
- Must make a minimum deposit of $200
6. Applied Bank® Secured Visa®
Best for no credit check
Applied Bank® Secured Visa®
4.5
Scholaroo Rating
Regular APR9.99%
Annual Fee$48
RewardsN/A
Credit ScoreN/A
Why We Like ItPros and ConsEligibility Requirements
Why We Like It
You can get guaranteed approval for the Applied Bank® Secured Visa® even if you have bad or no credit at all. You will be required to pay the minimum deposit and meet the age and residency requirements to get approved. The Security deposit you pay for this card sets your credit limit which can be a maximum of $1000 initially. After approval, you can increase the credit limit to up to $5,000 by making additional deposits.
The Applied Bank® Secured Visa® Credit Card allows you to build a credit history and a good score with responsible use. It also offers the lowest interest rates which are fixed so they don’t change with time.
However, this card does not offer any rewards and charges a higher annual fee of $48 and a foreign transaction fee of 3% of the purchase. Moreover, this is also a late and returned payment fee of up to $38 associated with the card.
Pros and Cons
Pros
- Lowest and fixed interest rate
- No credit check
- Easy Approval
- Reports to the major credit bureaus and helps build credit
- Can get a higher limit after approval
Cons
- No rewards
- High annual fee of $48
- Foreign transaction fee of 3% or the purchase made
- Late and returned payment fee of up to $38
Eligibility Requirements
- Must be at least 18 years old
- Must have a physical U.S. address
- Must pay the minimum security deposit of $200
7. PREMIER Bankcard® Secured Credit Card
Best for a high limit
PREMIER Bankcard® Secured Credit Card
4.5
Scholaroo Rating
Regular APR19.9%
Annual Fee$50
RewardsN/A
Credit ScoreN/A
Why We Like ItPros and ConsEligibility Requirements
Why We Like It
PREMIER Bankcard® Secured Credit Card allows a credit limit between $200 to $5,000 depending on the security deposit made. It is designed for people with no credit or those who are new to credit.
This secured card by PREMIER does not require a checking account. You can build credit with this card by making on-time payments and keeping a low credit utilization rate. After a few months of building credit, you may apply for other cards with higher limits, lower fees, and more benefits.
The PREMIER Bankcard® Secured Credit Card does not come with any rewards and also charges an annual fee of $50 and a foreign transaction fee of 3% of the purchase in U.S. dollars.
Pros and Cons
Pros
- No checking account required
- Helps build credit
- No minimum credit score requirement
- High limits for a secured card
Cons
- Foreign transaction fee of 3%
- Annual fee of $50
- No rewards
Eligibility Requirements
- Must be at least 18 years old
- Must meet the residency requirements
- Must meet the minimum income requirement
- Must pay the minimum security deposit
Easiest Unsecured Cards to Get with $2,000 Limit and Bad Credit
Lender | Scholaroo rating | Regular APR | Minimum Credit Score |
---|---|---|---|
Petal 1 Rise Credit Card Best for no security deposit Visit website | 4.5/5 | 28.49% – 35.74% | 300+ |
Surge® Platinum Mastercard® Best for choosing your own card design Visit website | 4.2/5 | 29.99% | 300+ |
Reflex® Platinum Mastercard® Best for an instant decision Visit website | 4.2/5 | 29.99% | 300+ |
Lender
Petal 1 Rise Credit Card
Best for no security deposit
Scholaroo rating
4.5/5
Regular APR
28.49% – 35.74%
Minimum Credit Score
300+
Lender
Surge® Platinum Mastercard®
Best for choosing your own card design
Scholaroo rating
4.2/5
Regular APR
29.99%
Minimum Credit Score
300+
Lender
Reflex® Platinum Mastercard®
Best for an instant decision
Scholaroo rating
4.2/5
Regular APR
29.99%
Minimum Credit Score
300+
1. Petal 1 Rise Credit Card
Best for no security deposit
Petal 1 Rise Credit Card
4.5
Scholaroo Rating
Regular APR28.49% – 35.74%
Annual Fee$59
Rewards2% – 10% cash back at select local & national merchants
Credit Score300+
Why We Like ItPros and ConsEligibility RequirementsRepayment Terms
Why We Like It
Petal 1 Rise Credit Card is an easy card to get with a $500 to $3,500 credit limit. It has no pre-set minimum requirements for a credit score and everyone is welcome to apply regardless of their credit score. The actual limit an applicant gets approved for is, however, dependent on the level of credit and their ability to make the repayments.
Petal 1 Rise is a Visa card that has a wider acceptability worldwide and it charges no foreign transaction fee which makes it a travel-friendly card. Moreover, this card offers 2% to 10% cash back at select local and national merchants.
However, the card charges an annual fee of $59 and has high APR rates too.
Pros and Cons
Pros
- No foreign transaction fees
- Cash back rewards at select merchants
- Easy no deposit card to get with bad credit
- Any credit level welcome to apply
- Reports to the three major bureaus
Cons
- Annual fee of $59
- High APR rates for people with bad credit
Eligibility Requirements
- Must be at least 18 years of age
- Must be a legal resident of the United States
Repayment Terms
- 2% to 10% cash back at select local and national merchants
2. Surge® Platinum Mastercard®
Best for choosing your own card design
Surge® Platinum Mastercard®
4.2
Scholaroo Rating
Regular APR29.99%
Annual Fee$75+
RewardsN/A
Credit Score300+
Why We Like ItPros and ConsEligibility Requirements
Why We Like It
Surge® Platinum Mastercard® is a card by the Continental Finance Company that is specifically designed for people with bad credit. People with all levels of credit are welcome to apply and get an initial limit of up to $1,000 on the card. This maximum limit can be doubled up to $2,000 in as little as six months after responsibly using the card and making on-time payments.
You will need to set up an online account to activate your Surge® Platinum Mastercard® and you can also access your monthly credit score for free through this account by enrolling in e-statements. This card is widely accepted everywhere as it uses the Mastercard payment network. The Surge Master card also allows its applicants to choose their own design for the card; however, there is a one-time fee of $9.95 for premium designs.
There is also a high annual fee associated with this card which starts at $75 to a maximum of $125 in the first year of use. In the following years, the starting limit goes up to $95 and how much you pay depends on certain factors like the applicant’s credit and income. There is also a high maintenance fee that is charged on a monthly basis and there are no rewards associated with this card.
Pros and Cons
Pros
- Reports to the major bureaus and can help build credit
- Choice of card designs
- Accessible to people with bad credit
- Free access to credit score by enrolling in e-statements
Cons
- Annual fee of $75 - $125 in the first year, and $99 - $125 for the following years
- Maintenance fee of $0 - $120 annually starting from the second year of use
- Foreign transaction fee of 3%
- Late and returned payment fee of up to $41
- No rewards
Eligibility Requirements
- Must be at least 18 years old
- Must have a Social Security number
- Must have a U.S. physical address
3. Reflex® Platinum Mastercard®
Best for an instant decision
Reflex® Platinum Mastercard®
4.2
Scholaroo Rating
Regular APR29.99%
Annual Fee$75+
RewardsN/A
Credit Score300+
Why We Like ItPros and ConsEligibility Requirements
Why We Like It
Reflex® Platinum Mastercard® is one of the two cards offered by the Continental Finance Company to people with bad credit. It has an initial maximum credit limit of $1,000 which can be doubled up to $2,000 after six months of using the card responsibly. By making on-time payments and keeping a low balance, cardholders may observe a rise in their credit scores that they can track for free by enrolling in e-statements through their online card account.
The Continental Finance Company claims to provide instant decisions on applications in most cases which may be beneficial for people who need quick access to credit. However, there is a high annual fee associated with this card starting at $75 for the first year of use and increasing to a minimum of $99 from the second year and onwards. It also charges a monthly maintenance fee which can be up to $10 at maximum, and late and returned payments can result in up to $41 penalty charges.
Pros and Cons
Pros
- Provides instant decision on applications in most cases
- Helps in building credit
- People with any level of credit score can apply
- Free access to credit score by enrolling in e-statements
Cons
- No rewards
- $0 - $120 Maintenance annual maintenance fee starting from the second year of card use
- Foreign transaction of 3% of the transaction
- Up to $41 of penalty charges on late and returned payments
- High annual fee of $75 to $125 for the first year and $99 to $125 in the following years
Eligibility Requirements
- Must be at least 18 years old
- Must have a Social Security number
- Must have a U.S. physical address
What Is The Easiest Card to Get Approved with Bad Credit?
There are various types of cards but not all of them are easy to get with bad or no credit. The easiest type to opt for with bad credit is secured credit cards due to no credit checks or minimum credit requirements.
Following are all the major types of credit cards people can access even with bad credit.
- Secured Credit Cards: Secured credit cards charge a security deposit upfront which also sets the credit limit on the card. There is no minimum credit requirement of any type as the security deposit made acts as collateral. Most secured credit cards do not even carry out a hard inquiry. They have very basic eligibility requirements and are the easiest cards to get approved for with bad credit and a credit limit of choice.
- Student Credit Cards: Individuals who are students can also opt for student credit cards if they have a below-average credit score. These cards are exclusively for students and are quite flexible in terms of their credit and income requirements. Student credit cards also come with various high rewards like cash back and bonus offers which students can benefit from. However, student credit cards generally have lower credit limits with a maximum of $1,000.
- Unsecured Credit Cards for Bad Credit: Most unsecured credit cards require a credit score of at least 690 for approval. Nevertheless, there are a few banks and companies that also cater to people who have bad credit. These cards are easier to get than other unsecured cards but they are quite expensive as they generally come with high fees and APR rates. Moreover, these cards start with a lower credit limit which may be increased after a few months of responsibly using the card.
- Prepaid Cards: These types of cards are also easily accessible with bad credit; however, they do not help you build credit as there is no borrowing involved. These are more like debit cards where you can only spend what you deposit monthly on your card.
How Can I Get a Credit Limit Increase?
There are various ways to increase your credit limit. Some ways can help you get access to higher credit immediately while others may take some time. Following are some things you can do to get a credit limit increase:
- Pay additional deposits: Since the limit on secured cards is equal to how much you deposit, you can make additional deposits to increase your credit limit if it is below the maximum. Some secured credit cards allow you the go beyond the initial maximum limit after the application is approved.
- Ask the issuer to increase the limit: You can increase the credit limit on your no-deposit cards via the bank’s app or an online account. You can also call the customer service for it. However, in both cases, the bank may ask you for financial proof that can show them that you can afford a higher credit line.
- Get an additional credit card: To access more credit you can always apply for another credit card. So if your current credit limit is $1000, you can get another card with the same limit to access a total credit limit of $2,000. Secured cards can be a good option for this purpose as they are easy to get approved for a particular limit.
- Become an authorized user: You can also become an authorized user on someone else’s card. By doing so, you will have access to the limit they have on their card too along with the limit on your personal credit card.
- Improve your credit score: This is more of a long-term way to increase your credit limit and requires patience. Credit limits on unsecured cards are generally determined by the applicant’s credit score and income. Therefore, applicants with bad credit are unable to access higher credit limits. Such individuals can apply for credit builder cards for bad credit and use their card responsibly for at least 6 months before they can become eligible for an upgrade. You will have to make on-time payments and keep a low balance on your card to see an improvement in your credit score.
Is a 2k Credit Limit Good?
For bad credit, being able to get a credit line of $2,000 is good. This is because most cards only give a maximum of $500 limit to applicants who have bad credit and they only allow you to increase it after some time with improved credit and higher income. Moreover, many people are unable to cover even an expense of $1,000 in case of an emergency, making a limit of $2,000 seem reasonable.
Also, higher limits can make people go into debt. This is because sometimes when people have much higher limits, they may end up spending more than they can pay for and end up in debt. It can also result in late payments which will incur penalty charges. This hurts the credit score and history which can limit future financial opportunities.
How Much Should I Spend on a $2000 Credit Limit?
People with high balances are seen as risky individuals by lenders which may make it hard to get approved for various financial products. High balances can also hurt your credit score and may be harder to pay back on time leading to late payments and associated penalties.
Therefore, it is best to keep your balances low and maintain a credit utilization rate of 30% or lower of the maximum limit available to you. So, for a $2,000 monthly credit limit, it would be best to spend a maximum of $600 each month.
How To Increase the Approval Odds?
There are ways to help increase the approval chances for credit cards.
- Pay a security deposit: To increase the chance of approval, it is best to opt for a secured card. You can pay an amount equal to the desired credit limit to get approved. Most secure cards do not even require a credit score or check which makes them easiest to get. However, most issuers also require proof of sufficient income along with the deposit to accept higher limits.
- Sufficient proof of income: The approval odds are improved to a great extent if the applicant is able to provide proof of income that would be sufficient to make the monthly payments. If you are a student, you can even show financial aid that you have received or the monthly allowance from your parents as proof of income.
- Become an authorized user before the age of majority: Generally, you cannot get a credit card in your own name before the age of 18. However, you can become an authorized user on someone else’s card. This can help younger teens build a credit history early on which can help them get approved more easily for a credit card individually when they are eligible.
- Add to your credit mix to help build credit quicker: Applicants with higher credit scores generally get approved easily and with better credit limits. Credit card issuers consider 670 and above as good credit. If you pay rent or have a student loan, you can add that to your credit mix and report the on-time monthly payments to build up your score quickly.
FAQs
Can I get a credit card with a $2000 limit?
Yes, there are various cards with a $2,000 credit limit. A few good options include OpenSky® Secured Visa® Credit Card, First Progress Platinum Select Mastercard® Secured Credit Card, and Discover it® Secured Credit Card.
How to get a credit card with higher limits?
Higher limits generally require a credit score of at least 690 for approval. If you have a score below that or have no history at all, you can consider secured credit cards with higher limits. You will be required to pay the security deposit equal to the amount of the credit limit you require for approval.
What is the easiest credit card to get?
The easiest card to get is Discover it® Secured Credit Card. It comes with various rewards and benefits without an annual fee and requires no minimum credit for approval.
What credit card can I get with bad credit and no deposit?
Petal 1 Rise Credit Card is the easiest unsecured card to get. Petal 1 Rise Credit Card is specifically for people who want to build or rebuild their credit score and it requires no deposit for approval. Anyone can apply for the card regardless of their credit score and cardholders earn 2% to 10% cash back at select local and national merchants.