How can I get a $500 secured credit card? This question is about Secured Credit Cards

To get a $500 secured credit card, you will need to open the right secured credit card account and put down a $500 security deposit as collateral. The $500 deposit will get you a $500 credit limit, as a secured card’s credit limit usually equals the amount of the deposit. You’ll get the deposit back in full when you close the account with a $0 balance. Secured Credit Cards That Allow Deposits of $500+ Capital One Quicksilver Secured Cash Rewards Credit Card Bank of America® Unlimited Cash Rewards Secured Credit Card U.S. Bank Cash+® Visa® Secured Card Bank of America® Customized Cash Rewards Secured Credit Card Since secured credit cards are designed for people with bad credit, it will be very difficult to get a $500 secured credit card without a $500 deposit. But if you want a secured credit card limit above $500, you’ll simply have to increase the amount of your deposit. Finding a secured credit card that will allow you to deposit that much shouldn’t be an issue, as there are several secured cards with maximum deposit amounts from $2,500 to $5,000.

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How can I get a $500 secured credit card?

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This question is about Secured Credit Cards

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Chip Lupo, Credit Card Writer

@CLoop • 02/09/22 This answer was first published on 02/09/22. 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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To get a $500 secured credit card, you will need to open the right secured credit card account and put down a $500 security deposit as collateral. The $500 deposit will get you a $500 credit limit, as a secured card’s credit limit usually equals the amount of the deposit. You’ll get the deposit back in full when you close the account with a $0 balance.

Secured Credit Cards That Allow Deposits of $500+

Since secured credit cards are designed for people with bad credit, it will be very difficult to get a $500 secured credit card without a $500 deposit. But if you want a secured credit card limit above $500, you’ll simply have to increase the amount of your deposit. Finding a secured credit card that will allow you to deposit that much shouldn’t be an issue, as there are several secured cards with maximum deposit amounts from $2,500 to $5,000.

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