What's a good credit card with a $3,000 limit to start?

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.

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.

Credit cards with a $3,000 credit limit often require at least good credit. If your credit score is on the low side, your best bet is to open a secured credit card account and put down a $3,000 deposit. Your credit limit is equal to the amount of the security deposit. But in order to do that, you’ll first have to go with a card that offers a high enough maximum deposit. The Wells Fargo Secured Visa card allows a maximum deposit of $10,000. The OpenSky Secured Visa card, meanwhile, caps its deposits at $3,000. Security deposits are fully refundable when you close your account in good standing.