Chip Lupo, Credit Card Writer
@CLoop
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.
Deserve® EDU Mastercard for Students
People also ask
What's the Deserve Edu Mastercard credit score requirement?
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.
When does the Deserve EDU Card report to credit bureaus?
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,...
read full answerHow do you get approved for a high limit credit 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.
How to Get Approved for a High Limit Credit Card
- Apply for a credit card with a...
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