Joyce Brown, WalletHub Credit Card Analyst
The best $500 limit credit card is the Citi Double Cash Card. In addition to a spending limit of at least $500, you’ll get 2% cash back on every purchase (1% when you buy and 1% as you pay for those purchases). And on top of that, there’s a $0 annual fee.
If you’d rather focus on financing than rewards, the Citi Simplicity® Card also offers a $500+ limit, plus 0% intro APR for 12 months on purchases and 0% for 21 months on balance transfers – followed by a 18.74% - 29.49% (V) regular APR.
There are $500 limit credit cards for nearly every credit level. For example, if you’re in college, you can get a limit of at least $500 from Chase Freedom® Student credit card. And if you have the good credit needed to get approved for Chase Freedom Flex℠, you’re only guaranteed a spending limit of $500+.
- Citi Double Cash Card ($500 limit minimum)
- Citi Simplicity® Card ($500 limit minimum)
- Chase Freedom Flex℠ ($500 limit minimum)
- Chase Freedom Unlimited® ($500 limit minimum)
- Bank of America® Customized Cash Rewards Secured Credit Card ($200 limit minimum)
The Citi Double Cash Card is probably the best card you can get with a $500 limit. It gives 2% cash back on every purchase (1% when you buy and 1% as you pay for those purchases). On top of that, there’s a 0% intro APR for 18 months intro on balance transfers. The balance transfer fee is 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer, and the regular APR is 18.74% - 28.74% (V). The card has a $0 annual fee and you need good credit to get it.
The Citi Simplicity® Card is another good choice for financing, giving 0% intro APR on purchases for 12 months and 0% for 21 months intro on balance transfers - subject to a balance transfer fee of 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer. It never charges late fees or a penalty rate. And there’s a $0 annual fee. You need good credit for approval.
Even students can get a credit card with a $500 limit: The Chase Freedom® Student credit card card. It gives 1% cash back on all purchases.
It’s good to note that $500 is just the minimum credit limit on these cards. If your credit score and income are high, and your debt is low, you can qualify for a higher starting limit. And you can always ask for credit limit increases over time.
2023's Best High Limit Credit CardsCompare Cards
No deposits, no high interest rates, no high annual fee, can be used like real credit card anywhere.
don't know .I am trying to find a credit card for poor credit..so I can rebuild my credit score.
People also ask
The best 500 limit credit card is the Citi Double Cash Card; in addition to a spending limit of $500 you get 2% cash back on all your purchases.
The best $500 limit credit card is Citi double cash in addition to spending limit of at least $500.00
Citi Double Cash it helps build credit
It would be nice to get a CC in case I need to use it.
It's easy to pay off when there low amounts of credit
The best $500 limit credit card is Citi Double Cash. In addition to a spending limit of at least $500, you’ll get 2% cash back on all your purchases, no matter what they are. And on top of that, there’s no annual fee. If you’d rather focus on financing than rewards, Citi Simplicity also offers a $500+ limit, plus 0% for 18 months on both purchases and balance transfers. And another good financing option with no balance transfer fee is Chase Slate, which also has a limit of $500 or more.
Citi looks like the best card to have
Bank of America credit card would help me a lot. I am in a struggle with paying my bills.
Citi Double Cash, especially with the 2% cash back on every charge.
Citi they are very good when we use. They allow $500 and then we teceive a 2% back on sll that we buy. You can not ask for better.
Citi Double Cash you get 2% cash back financing rewards
Argan Exsar, Member
The Citi Double Cash is pretty good. The best thing about it is that you earn cash back twice: 1% on purchases, and 1% as you pay for those purchases.
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