WalletHub, Financial Company
@WalletHub
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.
2022's Credit Cards for Bad Credit
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John, Member
@allworknoplay510
I would say a 600 or better because anything under is considered bad credit
Light Test, Member
@pisop93641
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
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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