The best credit card for bad credit with a $3,000 limit is the U.S. Bank Secured Visa® Card. With this card, it is possible to place a $3,000 deposit, which will serve as your credit limit. The minimum deposit is $300. The U.S. Bank Secured Visa® Card also comes with a $0 annual fee.
What You Should Know About High Credit Limits for Bad Credit
- The only way to get a $3,000 limit with bad credit is to place a $3,000 security deposit on a secured credit card.
- Generally, a secured card’s credit limit matches the amount of the refundable security placed by the cardholder.
- Not all secured credit cards allow deposits as high as $3,000.
- There is no unsecured credit card with a high credit line that you can get if you have bad credit. That’s because people with bad credit are considered high-risk borrowers who must prove themselves before being trusted with a high credit limit.
Alternative Credit Card Option for Bad Credit With no Deposit
If a security deposit is out of the question, a decent unsecured option is the Credit One Bank® Platinum Visa® for Rebuilding Credit. The starting credit limit for this card is at least $300. But it could be higher than that, depending on your creditworthiness and disposable income.
There’s no deposit, and you’ll earn 1% cash back on gas and grocery purchases, as well as 1% back on mobile phone, internet, cable and satellite TV services. The card’s annual fee is $75 intro 1st yr, $99 after.
Notable Credit Cards for Bad Credit With no Deposit
- Best Overall:
- No Monthly Fee:
- Bad Credit:
- High Approval Odds:
Feel free to check our editors' picks for best unsecured credit cards for bad credit.
This answer was last updated on 06/19/24 and it was first published on 01/29/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
The best credit card for bad credit with a $3,000 limit is the U.S. Bank Secured Visa® Card. With this card, it is possible to place a $3,000 deposit, which will serve as your credit limit. The minimum deposit is $300. The U.S. Bank Secured Visa® Card also comes with a $0 annual fee.
What is the easiest card to get with bad credit? ›
Easiest credit cards to get approved for
- Best for no credit: Petal® 2 “Cash Back, No Fees” Visa® Credit Card.
- Best for cash back: U.S. Bank Cash+® Visa® Secured Card.
- Best for small businesses: Bank of America Business Advantage Unlimited Cash Rewards Secured credit card.
- Best for Chase customers: Chase Freedom Rise℠
One of the easiest high limit credit cards to get is the Citi Double Cash® Card. This card offers a minimum credit limit of $500 and cardholders report getting a starting credit limit as high as $11,500. The Citi Double Cash Card has a $0 annual fee and requires at least fair credit for approval.
How to get a 3000 dollar credit card? ›
A good credit card with a $3,000 limit to start would be the Citi Double Cash® Card. The card requires at least fair credit to qualify and has a $0 annual fee. Plus, the Citi Double Cash Card offers a bonus of $200 for spending $1,500 in the first 6 months and earns 2% cash back on purchases.
Which Bank approves a credit card easily? ›
Comparing the easiest cards to get
| Card Name | Annual fee | FICO score required |
|---|
| Bank of America® Unlimited Cash Rewards Secured credit card | $0 | No credit history |
| Capital One Platinum Secured Credit Card | $0 | No credit history |
| Indigo® Mastercard® | $0-$99 depending on creditworthiness | 300 to 670 |
| Capital One Platinum Credit Card | $0 | 580 to 740 |
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Popular Credit Cards for a 480 Credit Score
- No Credit Check: OpenSky® Secured Visa® Credit Card.
- Unsecured: Credit One Bank® Platinum Visa® for Rebuilding Credit.
- No Annual Fee: Capital One Quicksilver Secured Cash Rewards Credit Card.
- No Bank Account Needed: First Progress Platinum Elite Mastercard® Secured Credit Card.
First Progress Platinum Elite Secured Mastercard: The First Progress Platinum Elite Secured Mastercard requires no credit history or minimum credit score for approval. Your security deposit is refundable, and the card is accepted nationwide.
What credit card approves a 500 score? ›
The best unsecured credit card for a 500 credit score (and one of the easiest to get) is the Credit One Visa card. This card offers a $300 starting credit limit, the potential for automatic credit line increases, and rewards on select purchases.
What is the easiest unsecured credit card to get approved for? ›
Some of the easiest unsecured cards to get approved for are the Indigo® Mastercard®, Mission Lane Visa® Credit Card and Milestone® Mastercard®. While these cards are geared toward people with bad credit and have easy approval odds, they tend to charge high fees and interest, which can make building credit costly.
What is the easiest credit card to get for beginners? ›
The Discover it® Secured Credit Card is our top pick for easiest credit card to get because it's geared toward those with limited / poor credit. It offers great rewards and charges a $0 annual fee.
- Key takeaways.
- What are the easiest bank accounts to open online?
- Discover: Best for getting cash back on purchases.
- SoFi Checking and Savings: Best for high APY.
- U.S. Bank: Best mobile app.
- Truist: Best for no overdraft fees.
- Bank of America: Best for flexible banking.
- Chime®: Best for bad credit.
That likely means a score of at least 670 on the FICO scale and more than 660 on the VantageScore scale. FICO scores are the most widely used, but both scoring systems represent the risk you pose to lenders on a scale of 300 to 850. The higher the score, the lower the risk.
What credit card has a $5000 limit with bad credit? ›
The Bank of America® Travel Rewards Secured Credit Card is the best credit card with a $5,000 limit for bad credit. You can get a $5,000 credit limit with the Bank of America Travel Secured Card by placing a refundable security deposit of $5,000. The card also offers 1.5 point per $1 spent and has a $0 annual fee.
What is the starting limit for prosper credit card? ›
Your initial credit limit with the Prosper® Card will be between $500 and $3,000, depending on what you qualify for. Prosper will evaluate your account every three months to determine if you are eligible for a credit limit increase.
Is $3000 a high credit limit? ›
A $3,000 credit limit is good if you have fair, limited or bad credit, as cards in those categories have low minimum limits. The average credit card limit overall is around $13,000, but you typically need above-average credit, a high income and little to no existing debt to get a limit that high.
What is the credit limit for Capital One 3000? ›
The Capital One Platinum credit limit can be as high as $3,000 according to online cardholder reports, but it will depend entirely on the specifics of each applicant's credit and their overall financial situation. Most cardholders get credit limits of at least $300, though.
What is the easiest unsecured credit card to get with a 500 credit score? ›
The best unsecured credit card for a 500 credit score (and one of the easiest to get) is the Credit One Visa card. This card offers a $300 starting credit limit, the potential for automatic credit line increases, and rewards on select purchases.
Best Overall:
