The Deserve EDU Credit Card credit limit is usually around $1,000 to start, according to forum posts, and some cardholders report limits as high as $5,000. Deserve does not include any specific Deserve EDU credit limit information in the card’s terms, though.
For the most part, Deserve EDU credit limits depend on each applicant’s overall creditworthiness. Those with the highest income and best credit scores will generally be offered the highest starting credit limits.
That said, the Deserve EDU Card credit limit that you start with isn’t necessarily your credit line forever. Deserve will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with Deserve.
As it's the case with most student credit cards, you are not required to have any credit activity to get the Deserve Edu Mastercard credit card.
It's designed as the first credit card a student can get, so no credit or a fair credit score of 640+ should put you in the right spot if you have the documents to prove that you're a student. … read full answer
The Deserve® EDU Mastercard for Students reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. The Deserve EDU card reports the card’s credit limit, account balance, payment history, and more to Celtic Bank reports a credit card’s credit limit, account balance, payment history, and more to two of the major credit bureaus: Experian and TransUnion. Celtic Bank may use a specific credit bureau more than another, depending on the applicant’s home state, and other factors.… read full answer
Once the Deserve EDU card reports your account information to a credit bureau, it may take a few days before the updates appear on your credit report. New Deserve EDU cardholders may not see any new credit account info on their credit report for one or two billing periods after getting a card.
To get approved for a high limit credit card, you will need good to excellent credit and proof that you can afford a high spending limit. More specifically, your credit limit will be determined by several factors, including your income, assets, and existing debt obligations. Picking the right credit card goes a long way, too.… read full answer
How to Get Approved for a High Limit Credit Card
Apply for a credit card with a high starting limit: Top-notch credit cards such as the Chase Sapphire Preferred® Card typically offer credit limits starting at $5,000. You may find minimum starting credit limits listed in some cards’ terms and conditions. In other cases, you might be able to get some information from cardholders’ reviews.
Increase your income and reduce your debt: The higher your income is, the better chance you have of getting a new card with a high initial credit limit. Similarly, reducing your debt boosts your odds. Also, if your income goes up in the future, be sure to update your credit card’s information, as this could help get you a higher credit limit.
Get a credit limit increase: Some credit card issuers may automatically review your account for a credit limit increase every 6 to 12 months, but it’s not guaranteed. You can also request a credit limit increase, either online or by calling the issuer’s customer service department. Keep in mind that requesting a credit limit increase on your own may result in a hard inquiry, which could hurt your credit score.
Ultimately, to have a better chance at getting approved for a high limit credit card, you should also make sure to always pay bills on time, use 30% or less of your available credit, and otherwise make good financial decisions.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.