Christie Matherne, Credit Card Writer
@christie_matherne
The best credit card with a $500 credit limit is the Citi Double Cash® Card. The card offers 2 - 5% cash back on purchases and gives new cardholders an initial bonus of $200 for spending $1,500 in the first 6 months.
This card is typically available to people with good credit or better. Credit cards with $500 credit limits are generally offered to those with bad credit to good credit.
Best Credit Cards with a $500 Credit Limit
- Rates & Fees Cash Back: Citi Double Cash® CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Cash Back: Citi Double Cash® CardLearn MoreLearn Moreon issuer's website
- Cash Back: Citi Double Cash® CardLearn MoreLearn More
- Low Intro APR: Citi Custom Cash® CardLearn MoreLearn More
- Low Intro APR: Citi Custom Cash® CardLearn MoreLearn Moreon issuer's website
- Low Intro APR: Citi Custom Cash® CardLearn MoreLearn More
- Rates & Fees Low APR: Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
- Rates & Fees Low APR: Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
- Low APR: Chase Freedom Unlimited®Learn MoreLearn More
- Rates & Fees Initial Bonus: TD Double Up Credit CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Initial Bonus: TD Double Up Credit CardLearn MoreLearn Moreon issuer's website
- Initial Bonus: TD Double Up Credit CardLearn MoreLearn More
- Rates & Fees No Annual Fee: Upgrade Cash Rewards Visa®Learn MoreLearn Moreon issuer's website
- Rates & Fees No Annual Fee: Upgrade Cash Rewards Visa®Learn MoreLearn Moreon issuer's website
- No Annual Fee: Upgrade Cash Rewards Visa®Learn MoreLearn More
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It's important to remember that a card’s minimum credit limit is not necessarily the credit limit you will get. Credit card issuers consider three essential factors, among others, when deciding your credit limit – your credit history, income and existing debt. Your credit history reflects how responsible you have been as a borrower in the past. Your disposable income indicates how much spending power you can comfortably take on.
If you want more credit card options, check out WalletHub’s picks for the best high limit credit cards of 2026.
2026's Best Credit Cards
Popular Credit Cards
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Low Intro APR & Bonus Rewards
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People also ask
What credit cards can I get with a $500 credit limit and no annual fees?
There are quite a few credit cards with a $500 credit limit and no annual fee that you can get. One notable example is the Chase Freedom Unlimited card. In addition to the initial credit limit of at least $500, you’ll get 5% cash back on travel through Chase Travel, 3% back at restaurants and drugstores, and 1.5% back on all other purchases. Plus, there’s a $0 annual fee.
Notable $500 Limit Credit Cards with No Annual Fee
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If you have bad credit, getting a $500 credit limit with no annual fee can...
read full answer by John Miller, Credit Cards ModeratorWhat is the best $500 secured credit card?
The best $500 secured credit card is the Bank of America® Travel Rewards Secured Credit Card because it has a $0 annual fee and rewards cardholders with 1.5 points per $1 spent on all purchases. The Bank of America Travel Secured Card has a minimum deposit requirement of $200, and you can put down as much as $5,000.
A secured card’s deposit determines the card’s credit limit. Since it is refundable, you get that money back when you close your account with a $0 balance.
Best Secured Credit Cards With $500 Credit...
read full answer by Ryan P Page, Staff WriterWhat are the best low limit credit cards?
One of the best low limit credit cards is Credit One Bank® Platinum Visa® for Rebuilding Credit. This card has a minimum credit limit of $300. With the Credit One Visa, you can earn 1% cash back on gas and grocery purchases, as well as 1% back on mobile phone, internet, cable and satellite TV services. This card accepts people with bad credit.
Alternatively, you could apply for a secured credit card, like the opensky® Plus Secured Visa® Credit Card. The card’s limit is at least $200, but you’ll need to put down a deposit with the same amount. The opensky is a good card for people with bad credit who...
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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