The Fit Mastercard credit limit is $400 to $800. Everyone who gets approved for Fit Mastercard is guaranteed a credit limit of at least $400, and particularly creditworthy applicants could get limits a lot higher than that. The higher an applicant’s credit score and income are, the higher the starting credit limit is likely to be.
The Fit Mastercard credit limit that you start with isn’t necessarily your credit line forever. In fact, Continental Finance will double your credit limit – up to a maximum of $800 - simply for paying the first 6 monthly payments on-time.
You can get a Fit Mastercard cash advance in any bank with your card and a photo ID, or at any ATM displaying the Mastercard logo using your card and your PIN.
Even though the Fit Credit Card doesn’t have a cash advance fee in the first year, it charges 5% (min $5) starting the second year. Cash advances also have a 29.99% (V) APR, and you could also be charged with ATM fees.… read full answer
You should always try to avoid cash advances, as both the fee and the compounding interest may outweigh any quick benefit.
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.
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