Is it possible for me to get a credit card with a 1k limit?

Question

I'm 21 years old and have one credit card, but it only has a 500 dollar limit. Would it be possible to apply for a credit card that has a limit of 1000 dollars? I desperatly need a car. I've been saving money, but its VERY difficult when i spend most of it on a cab getting to work in the first place. If you think its possible, could you name the credit card?

Answer 1

Is there anyway you can carpool or rideshare? You can pay the person you drive with and it'll be a fraction of what you would have to pay for a cab.

If it's less than 3 miles, consider a bike, or even a scooter.

Does the company you work for have a credit union? Can you get an advance? Show them the math and they might consider it.

Hope it works out.

Answer 2

Any major credit card carrier (Visa, MasterCard, Discover, American Express) can issue a card with a limit of $1,000.  They can issue a card limit of whatever they want.  Have you asked your current credit card provider for a limit increase?  That way you don't have to apply for another card.  

I personally wouldn't finance a car purchase on a credit card (if that is what you plan to do - sounds like it from your post.)  The interest rate will be much higher then a standard auto loan.  Have you tried applying for an auto loan?  If you can't get approved, can you get a co-signer on a loan?

Answer 3

Some companies let you ask for a credit line increase.  You fill out a form online or through the mail and they can approve or deny you.  Usually if you've made payments on time and are good about keeping a balance they will increase you rather frequently.  

If not...I hate to promote CitiCards, but I got a credit card with them I think at age 18, and started at about 1,000 dollars or so.  However, I know you say you don't care about the interest, they started me at almost 20% interest, which is OUTRAGEOUS.  So...you may really want to consider the interest.  I also have Bank of America, and the interest is half that of CitiCards, and they gave me 5,000.  So I would say check around and apply for a couple.  You don't want to apply for too many or it can hurt your credit score if you're rejected a lot.