What would be the credit limit and amount I can get... - Other Questions


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What would be the credit limit and amount I can get on this card, and can I take money out on it at an ATM machine? What does my credit score have to be for this card?

Answered on | Updated on September 5th, 2012
The content is accurate at the time of publication and is subject to change.

Since you don’t say which card you’re talking about, it’s hard to answer your questions, but I can give you some general information that may be helpful.

Credit limits are determined by credit card issuers depending on your creditworthiness. The higher your credit score, the better chance you have of getting a high credit limit – in the $10,000 to $30,000 range. Issuing banks do look at your income level as well when determining your credit limit, but credit history is the biggest factor. Here is a range of expected credit limits according to credit score:

  • Average starting credit limit for customers with excellent credit (720-850): $5000-$8000
  • Average starting credit limit for customers with average to good credit (620-719): $2000-$4500
  • Average starting credit limit for customers with limited credit (300-619): $500-$1500

Most credit cards will allow you to take out cash from an ATM; however this should be reserved for emergencies only. The APR on cash advances is almost always very high – in the 25 – 30 percent range – and there can be an additional fee to take out cash, as well as the high APR. If you need to get cash from an ATM using plastic, a prepaid card is a better option.

As for what credit score you need to have, it depends entirely on the credit card and issuing bank you are dealing with. When you look over the credit card offers on our site, you will see the credit level needed for that card – excellent, good, average, or bad. You can use our Credit Card Navigator, on our home page, to find a card that’s right for you.

I hope these tips are helpful – if you have further questions you are welcome to contact us at any time.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
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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