What's the usual credit limit I can get approved for with a bad credit score?

This question is about Credit Cards for Bad Credit

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@WalletHub 09/25/19 This answer was first published on 09/25/19. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The credit limit you can get with a bad score depends on the type of card you wish to get, the company that issues it, and your overall credit standing.

Most secured credit cards require a refundable security deposit of at least $200 that will serve as your credit line. So for example, if you place a $300 deposit, your credit limit will also be $300.

With an unsecured credit card for bad credit, like the Credit One Bank Credit Card, the credit line that you will ultimately get approved for is hard to predict. Credit One will make that determination based on your income, debts, and the exact nature of your credit history.

Jhkhkhjsdfsfsdfds F @varma44
oh yes that's true. it is true.

Hjkhj J @jajajajajajajaj
why do you think that it's an important question?

CORY @corymggg
I'm confused on the refundable deposit. I was approved for a secured card with a $200 credit limit and a $99 refundable deposit.. by refundable do they mean I will get the $99 back eventually on top of the credit limit or does it become a part of that $200 credit limit

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Michelle, Member

@brianpearse1805 01/12/21 This answer was first published on 01/12/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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I think the first thing one has to concentrate on is how the credit can get fixed right? After which getting approved for cards will not be any issue

Faith @frankomar17
I totally agree with you. With awesome credit, deciding which card to apply for will not be a problem at all

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