The Chase Freedom® Student credit card is available to people with limited credit. That means you do not need to have a credit score to get approved for the Chase Freedom® Student credit card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Freedom Student Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Freedom Student credit score requirement. You can check your credit score for free on WalletHub.
The Chase student credit card limit has not been made public, but the Chase Freedom and Chase Freedom Unlimited credit cards have limits of $500 or more. It's possible that the Chase Freedom Student card limit starts at the same level, though a Chase spokesperson has noted the card will have a "low credit limit." And cardholders who make 5 on-time payments in the first 10 months will be rewarded with an automatic credit limit increase, which is good news for students, though the terms stipulate that an actual payment must be made (i.e. you can't simply not use the card and qualify for a limit increase).… read full answer
The Chase Freedom Student card is the only student credit card currently offered by Chase. It comes with no annual fee, a $20 annual credit for keeping the account in good standing, 1% cash back on all purchases, a low regular APR, and a $50 signup bonus. To apply for this card, you'll have to visit a Chase branch in person.
The starting Chase credit card credit limit could be as low as $500 or as high as $25,000+, depending on the card and your overall credit standing. One of the Chase credit cards with the highest starting limit is the Chase Sapphire Reserve®, which has a minimum credit limit of $10,000. The Chase Freedom Flex℠ card’s minimum credit limit, on the other hand, is one of the lowest Chase offers, at $500.… read full answer
For certain cards, Chase will approve you for either a Signature or Platinum account. Platinum accounts have lower starting limits than Signature, so applicants with lower credit scores who are approved will get a Platinum account. All individuals approved for Signature accounts typically receive a credit limit of at least $5,000.
The best credit card with a $3,000 credit limit is Chase Sapphire Preferred® Card. Its minimum limit is actually $5,000, so you’ll get more than $3,000 if you’re approved. Chase Sapphire Preferred does require at least good credit to qualify. There’s a $95 annual fee. In addition, Chase Sapphire Preferred gives 1 - 5 points per $1spent on purchases. And it offers a bonus of 60,000 bonus points for spending $4,000 in the first 3 months.… read full answer
It’s not typical for a credit card to have a $3,000 minimum credit limit, even when it comes to good credit. For example, cards like Citi® Double Cash Card – 18 month BT offer offer starting credit limits as low as $500. However, that’s just the lowest amount you’re guaranteed if approved. Applicants who meet or exceed these cards’ credit and income requirements often report receiving a higher initial credit limit. The better your credit and the more money you make, the higher your credit limit is likely to be.
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