Comments on: Good Job Equals Good Credit History – Fix Bad Credit Now

By: R o n

R o n — Thu, 12 Nov 2009 13:26:59 +0000

How high your limit is generally doesn’t matter as much as the credit utilization i.e debt to credit ratio. If you open the secured credit card at $500, keep your balance, if you have to keep a balance at all, at less than $170.

Deposit as much as you can afford but keep in mind that you may not get that money back for another year or so. Do not plan on using your new secured credit card to compensate for the amount that you deposited. My mom just opened a secured credit and she opted to go with $500. She doesn’t really need the credit but wants to rebuild her credit. She pays it off in full every month.
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By: Jksdf

Jksdf — Thu, 12 Nov 2009 13:24:59 +0000

get your doubts clear visit this website http://creditcardpay.blogspot.com
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By: mushtaq_ahmad43

mushtaq_ahmad43 — Thu, 12 Nov 2009 13:22:59 +0000

Credit Cards contain limits upto 25% of your monthly salary. However, you debit card (which Bank issues in which you have deposit in your name) is also subject to this limitation. Good Luck
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By: Brian_Galang

Brian_Galang — Thu, 12 Nov 2009 13:20:59 +0000

$80,000 would be nice.
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Entrepreneur Magazine

By: Jim

Jim — Thu, 12 Nov 2009 13:18:59 +0000

the higher it is the better it looks on your credit report
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By: natashav2003

natashav2003 — Thu, 12 Nov 2009 13:16:59 +0000

250-500 is the usual range for a secured card but keep in mind it can be any amount you chose....its your money after all
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By: Johnny Boy

Johnny Boy — Thu, 12 Nov 2009 13:14:59 +0000

$300
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By: Alberto

Alberto — Thu, 12 Nov 2009 08:12:47 +0000

Whats a Good limit for a Secured Credit Card?
Hey, I have no credit history and im trying to build my credit with a secured card.

I know my limit will be equal to my deposit, and I was just wondering, whats a good limit to set for a secured card to best benefit my credit?

Thanks