John Miller, Credit Cards Moderator
@john_miller
The starting credit limit for the Perpay Credit Card is $500 or more. Everyone who gets approved for the Perpay Credit Card is guaranteed a credit limit of at least $500, and the most creditworthy applicants could get limits higher than that.
Keep in mind that the credit limit you receive upon approval isn’t necessarily permanent. The issuer may review your account from time to time and could raise your limit automatically.
How to Improve Your Chances of Getting an Automatic Credit Limit Increase
- Use your credit card regularly and responsibly
- Pay your bill on time and maintain direct deposit payments consistently for several months
- Increase your direct deposit payments above your minimum required amount
- Maintain a credit utilization ratio under 30%
Unfortunately, the Perpay Credit Card issuer does not accept credit limit increase requests from cardholders, so getting an automated increase is the only way to grow your limit over time.
People also ask
Are there any credit cards for bad credit with a $3,000 limit?
The best credit card for bad credit with a $3,000 limit is the U.S. Bank Secured Visa® Card. With this card, it is possible to place a $3,000 deposit, which will serve as your credit limit. The minimum deposit is $300. The U.S. Bank Secured Visa® Card also comes with a $0 annual fee.
Things to Know About High Credit Limits for Bad Credit
- The only way to get a $3,000 limit with bad credit is to place a $3,000...
How do I get a $20K credit limit?
To get a $20K credit limit, it's essential to have a good to excellent credit score and a substantial income (about $150,000), according to WalletHub’s insights on how your credit limit is determined.
How to Achieve a $20K Credit Limit
- Apply for a High-Limit Card. Explore credit cards designed for individuals with good or excellent credit. While there’s probably no card that guarantees a $20K starting limit, there are still cards that offer high credit limits. For example, the Chase Sapphire Reserve® card...
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