Chip Lupo, Credit Card Writer
@CLoop
The Mercury Credit Card credit limit is around $500 to start, according to forum posts, and some cardholders report limits as high as $5,000. First Bank & Trust Company does not disclose any specific Mercury Credit Card credit limit information in the card’s terms, though.
Mercury Credit Card credit limits depend on each applicant’s overall creditworthiness, for the most part. People with the most income and the best credit scores are generally offered the highest starting credit limits.
That said, the Mercury Credit Card credit limit that you receive upon approval isn’t necessarily permanent. You can ask to get a credit limit increase by calling the First Bank & Trust Company customer service number on the back of your card, but it’s best not to ask more than once a year. First Bank & Trust Company 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 First Bank & Trust Company.
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People also ask
What credit score do you need for the Mercury Credit Card?
The minimum credit score an applicant will need to have good approval odds for the Mercury Credit Card is 640. That means people with fair credit or better will have a shot at getting approved for the Mercury Credit Card.
Bear in mind that even if you meet the minimum credit score requirement, you must still receive a pre-approval notification from Mercury with a reservation code just to apply for the card. You should also note that while...
read full answer by Chip Lupo, Credit Card WriterWhat credit bureau does Mercury Credit Card use for approval?
The Mercury Credit Card may use Experian, Equifax, or TransUnion credit reports to assess your creditworthiness when you apply, according to anecdotal evidence. So, if any of your credit reports are frozen, you should unfreeze them before applying for the card.
Key Things to Know
- The Mercury Credit Card requires fair credit or better.
- When you apply, The First Bank and Trust Company will perform a hard inquiry on your credit report, which might temporarily damage...
Does the Mercury Credit Card do a hard pull for credit limit increases?
No, the Mercury Credit Card doesn't do a hard pull for credit limit increases.
Having said that, it is also worth noting that you cannot ask for a Mercury Credit Card credit limit increase on your own. The issuer will periodically review your account and offer an automatic credit limit increase. This results in a soft pull, which does not affect your credit score.
read full answer by Jason Miles, Wallethub Credit Card ConsultantDid we answer your question?
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Love this card started in 2022 with 4k and now it's 6200 and I am approaching my next upgrade in 3 months. This card helped to pave the way for my credit resurgence and rebuild in 02. I now have 4 five figure cards from Amex and Navy Fed and just got the First Tech Choice Mastercard before exceeded the data point limit. It's a great credit builder that has blossomed into my 2% catch all for retail. I seldom let it go over 10% utilization.
I started with 5000 on a mercury card. Asked them to raise it 5 months later, it's now 6400. ZERO COMPLAINTS
I love my Mercury Card. On 7/11/23 I started with $4,000 credit limit, they automatically increased to $4,550 on 11/22/23, and today they surprised me with a $6,000 credit limit. WooHoo! Hats off to Mercury! You also get 2% off of every purchase anywhere, anytime. :)