I am looking at credit card applications for bad credit. All I see is $300. Can I get one with higher limit?

Answered on August 05, 2010
Updated on August 05, 2010
The content is accurate at the time of publication and is subject to change.
James Williams James Williams
A modest $300 credit limit is what majority of issuing companies offer cardholders with bad credit as a start. These credit cards are a great solution for people with bad or no credit seeking to establish or improve their credit, but they are rather costly, and have a small limit, a large part of which is used to cover procession (or set up) and/or annual fee for the first year. Yet, you have an opportunity to later increase your credit limit, just make sure you read terms and know all associated financial charges. Or consider applying for a secured credit card – you can be approved for a credit limit equaling the amount of your security deposit.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

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BROWSE MORE QUESTIONS ABOUT Bad Credit Cards:

A Group One Platinum Card is not strictly speaking a credit card. It is a shopping card that you can use exclusively at the Horizon Outlet (thehorizonoutlet.com). The Horizon Outlet is an online store that offers a range of merchandise: men's, women's and children's apparel; home goods; entertainment and electronics; and financial services. You should apply for a card if you are sure that you will buy at this online store often.
The Group One Platinum Card is a shopping card that you can use exclusively at the Horizon Outlet (thehorizonoutlet.com). It is an online store that sells clothing, toys, small appliances and other small-ticket items. The bank may report to at least one credit bureau and therefore help you build your credit score, but for that you need to pay some costs. All of the fees you mas see in the card's terms and conditions, however be aware of the following: One time Card Issuance and Account Validation fee: $0.00; Monthly Membership Fee: $14.77 - this is paid monthly for the full benefits plan; Late...
No, it can't be used for cash advances. The Group One Platinum Card can only be used to make purchases through the Horizon Outlet website or catalog. This is a shopping credit account, not a credit card. Cash advance features are only available to the credit card owners. Credit cards are not the best source of cash, however, as there are high fees and APRs on cash advances. Debit cards are the best for cash advances.

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