What does "minimum credit limit $500" mean?

Question

I want to get a credit card and just wondering what it means by minimum credit limit $500?

Answer 1

www.creditrepairuniverse.net

Learn everything about repairing and/or building credit

minimum credit limit means that, that is the lowest limit you have been given or the lowest you will receive if you apply.

Answer 2

It means that that particular card is issued for a minimum credit limit of $500. They can give you more but guaranteed not less.

Answer 3

minimum credit limit $500

It means that you should have $500 in your credit card before using it.

Also, you should at least $500 and maintain this status.

hope it helps!

Answer 4

It means you would have at least a credit limit of $500.