Pretty much the only way to get a credit card for bad credit with a $3,000 limit is to place a $3,000 security deposit on a secured credit card. A secured card’s credit limit usually matches the amount of the refundable security placed by the cardholder. And people with bad credit typically can’t get approved for unsecured credit cards with a credit limit as high as $3,000 because they are considered high-risk borrowers who must prove themselves (again) before being trusted with a credit line of more than a few hundred dollars or so. Not even all secured cards allow deposits/limits as high as $3,000, though.
The Discover it Secured Card is the best credit card for bad credit and a $3,000 limit because it is possible to place a $3K deposit for an equal credit limit (the minimum deposit is $200), and cardholders earn 1-2% cash back on purchases. Plus, there’s no annual fee.
If a security deposit is out of the question, a decent unsecured option is the Credit One Platinum Visa. There’s no deposit, and you’ll earn 1% cash back on select purchases. But there is an annual fee of up to $75 for the first year and up to $99 after, and no guarantee you’ll ever see a $3,000 credit limit. The Platinum Visa starts you out with a limit of at least $300.
No unsecured cards offer starting limits of $3,000 to people with bad credit.
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