Is there a limit unto how much money your credit card must have? I just need a simple yes or no answer with a brief description on why, thanks.
2006-10-17 17:10:19 · 6 answers · asked by juicy fruit 2 in Business & Finance ➔ Credit
Your question is a little vague. A credit card has a preset limit determined by the issuing company. How much of that you use is in your control.
2006-10-17 17:36:54 · answer #1 · answered by robug 3 · 0⤊ 0⤋
Do you mean the smallest balance you can have charged on a credit card or are you talking about a loadable card? If it's the first part of the sentence, no. I have cards I've never used and I've never had a problem. If you mean a loadable card, there might be a minimum amount of money that you can transfer to it.
2006-10-18 00:32:15 · answer #2 · answered by ??#??Y? 2 · 0⤊ 0⤋
I don't know what you mean by your credit card "having" money. How does a credit card "have" money? It only transfers your money (future payments) to fund your current transactions. Do you mean lowest credit limit, minimum income to qualify, minimum monthly payments, etc...
2006-10-18 00:17:00 · answer #3 · answered by Michaelsgdec 5 · 0⤊ 0⤋
I don't think so. I had a Purpose Advantage Discover card (closed down as of Oct. 2006) and they start you off with $50.
2006-10-18 09:17:28 · answer #4 · answered by NETTA M 3 · 0⤊ 0⤋
if you've got good credit you can get up to $15,000.00 if not you can get an aspire visa with a $300.00 credit line. go to www.creditcards.com and you can look thru all of them.
2006-10-18 21:49:30 · answer #5 · answered by princesswhitepaw 3 · 0⤊ 0⤋
No
2006-10-18 00:12:00 · answer #6 · answered by Anonymous · 0⤊ 0⤋