![]() If you’re looking for a higher spending limit on a new credit card, you may want to consider one of the alternative options below or look at a secured credit card that lets you choose your credit limit based on the amount of your refundable security deposit. In fact, some cards start with credit limits of $200 - minus the annual fee. While that limit may seem small if you’re looking for more spending power, it’s on par with most credit cards for bad credit. The issuer will not take your credit score into consideration for a higher limit, as everyone starts at the same amount. ![]() The Indigo® card credit limit is $300 for all new cardholders. Instead, it’s a great solution for rebuilding your credit before moving on to a more affordable card. This isn’t meant to be a card you hold for many years. Upon activation, the issuer will deduct your annual fee from your Indigo credit limit, leaving you with around one-third of your available credit.Īnd although the fixed interest rate is higher than the average credit card interest rate, it is on par with other cards for bad credit ratings. This is because all cardholders start out with a $300 credit limit. If you only qualify for this card with the higher annual fee, it may be quite expensive. If preapproved, you can submit a formal credit card application and receive a final credit decision instantly.ĭepending on your credit score, you may qualify to receive this card at no cost, as the variable annual fee uses your credit rating to set a charge of between $0 and $99. You can prequalify for this card without affecting your credit score by answering a few questions on the issuer’s website.
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