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    You are at:Home»Credit cards»Credit Card 3000 Limit

    Credit Card 3000 Limit

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    By admin on September 19, 2016 Credit cards

    The type of credit card you may qualify depends on a range of factors, including your occupation, how much you can afford to repay as well as your individual creditworthiness. Some credit card companies may prefer to issue new cards with lower initial credit card limits. 

    You may be able to get a credit card with a 3000 limit, then once you are able to gain a good track record from using the card responsibly you may qualify for higher credit limits.

    A credit card 3000 limit typically means that the credit card company wants to see that customers can repay their credit card balance on time.  These types of cards are also usually designed as credit cards for bad credit. In some cases, as secured credit cards, some of these cards’ credit limits will match the security deposit.

    There is usually no annual fee and interest rates can be quite high.

    Benefits of getting a credit card 3000 limit: 

    Secured credit cards can be ideal for building credit. These cards require cardholders to make cash deposits, usually equal to their initial credit limits, before making charges.

    You may be able to upgrade to a higher limit within a period of 12 months or 2 years.

    This eliminates the hassle of closing your current credit card and having to apply for a new credit card.

    If you have a poor credit record, a credit card 3000 limit may be the best way for you to start building your credit again. These cards offer a second chance at creating the kind of credit record you ideally want.

    Qualifying for these cards isn’t as difficult as with unsecured credit cards. Lenders will usually expect you to be able to put cash up as a form of security.

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