What credit card has a $2000 limit for bad credit?

Bad credit might make getting credit cards with $2000 limit guaranteed approval seem impossible. The good news is that you have multiple options at your disposal.

Most unsecured credit cards only give applicants with poor credit scores around $500. The secured cards path offers better limits. The OpenSky® Secured Visa® Credit Card lets you set a credit limit up to $3,000 by making a refundable security deposit. The OpenSky® Plus Secured Visa® Credit Card provides a $2,000 credit limit without any credit check and annual fee.

These cards become valuable assets to people who want to rebuild their credit. The numbers tell an interesting story – nearly 4 million credit cards went to consumers with a VantageScore below 620 between March and May 2022, according to Equifax. The average credit limit at the time was $865 on new subprime cards in 2022, but several cards can give you higher limits.

This piece explores the best credit cards that offer limits up to $2,000 or more for bad credit. You’ll learn about secured and unsecured options that help rebuild your credit score effectively.

OpenSky® Secured Visa® Credit Card

“The OpenSky Secured Visa Credit Card is a solid choice for rebuilding your credit.” — Bankrate, Financial information and comparison website

The OpenSky® Secured Visa® Credit Card stands out as one of the most available options if you’re looking for a $2000 limit credit card with poor credit history. This card offers a clear path to credit rebuilding without the usual roadblocks that stop you from getting approved.

OpenSky® Secured Visa® Credit Card features

This card combines simplicity with practical benefits for people rebuilding credit. You’ll pay a $35 annual fee and a variable APR of 24.64%. These rates are reasonable compared to other cards in this category.

The rewards program makes this card attractive – you can earn up to 10% cash back on everyday purchases. The card also has:

Free online FICO® score access through their mobile app
Support for mobile wallets like Apple Pay, Samsung Pay, and Google Pay
Zero Fraud Liability protection
Acceptance at any place that takes Visa

Your credit activity gets reported to all three major credit bureaus (Experian, Equifax, and TransUnion) to work well for credit building. On top of that, it lets you pick your payment due date, giving you flexibility that other cards don’t offer.

OpenSky® Secured Visa® Credit Card approval requirements

The card’s standout feature is its no-credit-check application process. People with damaged credit can still qualify. The card’s 88% average approval rate makes it one of the most available options among secured cards.

Simple approval requirements include:

Being at least 18 years old
Having a valid Social Security number or tax ID number
Having a physical U.S. address (P.O. boxes not accepted)
Having enough income to make the $25 minimum monthly payment
Putting down the security deposit

The mobile-first platform lets you complete your application in under 5 minutes. You’ll get your approval decision live instead of waiting days or weeks.

OpenSky® Secured Visa® Credit Card security deposit

This card works well if you want a $2000 credit limit. Your credit limit matches your security deposit, starting at $200. You can deposit up to $3,000, which gives you a credit line that’s substantially higher than what most bad-credit cards offer.

You have several ways to fund your deposit. Using a debit card during application is quickest, but you can also use:

Western Union®
Mailed check or money order

Your security deposit comes back to you once you close your account and pay everything off. OpenSky lets you spread your security deposit over 60 days with partial payments, which makes the original investment easier to handle.

The card won’t show up as “secured” on your credit report. Nobody else will know it’s a secured card, which helps avoid any stigma when you apply for credit later.

OpenSky® Secured Visa® Credit Card credit-building potential

This card helps improve credit scores fast. Their data shows 66% of cardholders boost their score by 47+ points in just 6 months. The card works like a regular credit card but gives you the safety net of your security deposit.

OpenSky suggests keeping your balance below 30% of your credit limit to build credit faster. They give you tools to manage your account well:

Online account access and a mobile app with alerts
Monthly updates to all three major credit bureaus
Resources to learn about credit building

Good payment history might qualify you for credit line increases that can speed up your credit growth. Many users move up to an unsecured credit card, though timing depends on how well you manage your credit.

If the $35 annual fee concerns you, check out the OpenSky Plus Secured Visa® Credit Card with no annual fee but a $300 minimum deposit. The OpenSky Launch Secured Visa® Credit Card needs just $100 minimum deposit but charges $2 monthly instead of yearly.

OpenSky gives you different card options with various fee structures. You can pick what fits your budget while building credit and getting access to a credit limit that can reach $2,000 or more.

First Progress Platinum Select Mastercard® Secured Credit Card

The First Progress Platinum Select Mastercard® Secured Credit Card gives you a clear path to a $2000 limit while rebuilding your credit. Synovus Bank issues this card and provides a good option without the tough credit requirements that usually stop people from getting traditional credit cards.

First Progress Select features

The First Progress Platinum Select Mastercard® has a reasonable annual fee of $39, which costs less than many similar cards. This card stands out because of its 1% cash back rewards program on all account payments. You’ll earn rewards after paying your credit card bill – a rare benefit in secured cards.

The card comes with an 18.24% variable APR, which beats the typical secured card APR of about 22.3%. Still, you should avoid carrying balances because you’ll end up paying interest on your own money.

Additional features include:

24/7 Mastercard Global Service support helps with lost/stolen cards, emergency card replacement, cash advances, and finding ATMs
Mastercard acceptance worldwide lets you rent cars and book hotels
A 25-day grace period before interest starts on purchases
You can manage your account online any time

While the card doesn’t have fancy perks like premium cards, it gives you everything needed to handle daily transactions and build better credit.

First Progress Select approval requirements

The best thing about the First Progress Platinum Select is how easy it is to get. You don’t need any minimum credit score or credit history. This makes it perfect if you have bad credit or no credit history at all.

You’ll need these simple requirements:

Age 18 or older
A valid Social Security number or International Tax ID Number
A physical U.S. address (no P.O. boxes)
Employment details
Enough income to make minimum monthly payments

First Progress might do a soft credit check that won’t hurt your credit score. Bad marks like pending bankruptcy could still lead to rejection. Accurate application information matters because false information breaks federal law.

First Progress Select security deposit

Your credit limit matches your security deposit. You must put down at least $200, and the maximum starting deposit is $2000. This works great if you want a $2000 limit credit card despite bad credit.

First Progress gives you some nice options:

Start small ($200 minimum) and add more money later
Take up to 90 days to fund your deposit with partial payments
Your credit limit might grow to $5000 over time

You’ll get your deposit back when you close the account if you don’t owe anything. This deposit protects the bank and lets you show you can handle credit responsibly.

First Progress Select credit-building potential

The card reports to Equifax, Experian, and TransUnion every month. This helps your credit score grow with all major credit bureaus.

Here’s how to build credit faster:

Keep your balance low – use less than 30% of your limit (1%-10% works best)
Never miss a monthly payment
Think about raising your deposit later to get a higher credit limit and lower utilization

Most cardholders see their credit scores improve by following these steps. While you can’t upgrade to an unsecured card automatically, good payment history helps you qualify for better cards from other banks.

This card strikes a good balance between easy approval and credit-building features. Almost anyone with poor credit can get a credit line up to $2000 without high fees or complex requirements.

First Tech Federal Credit Union Platinum Secured Mastercard®

“If you close your account in good standing and with no balance, you should get your full deposit back within eight weeks.” — Eric Rosenburg, Financial writer for Credit Karma

The First Tech Federal Credit Union Platinum Secured Mastercard® is a chance to rebuild credit with a credit union that has benefits you rarely see in secured cards. This card works great if you need a $2000 credit card limit with bad credit and still want good features.

First Tech Mastercard® features

The First Tech Platinum Secured Mastercard® stands out from typical secured cards with its competitive terms. The APR can be as low as 13.25% (variable, not going above 18.00%). This rate is one of the most affordable you’ll find for secured cards.

The card really shines with its fee structure. You get:

No annual fee
No balance transfer fees
No cash advance fees
No foreign transaction fees

The card also has a rewards program where you earn 1 point for every dollar you spend without limits, and your points never expire. You can use these points for travel, merchandise, gift cards, or donate them to charity.

The digital features are great too. You get full access to First Tech’s mobile app and online banking. You can lock your card when needed, get replacement cards, and check your rewards balance easily. The card works with digital wallets like Apple Pay®, Samsung Pay®, Samsung Wallet®, and Google Pay®.

Your security matters here. The card comes with Identity Theft Resolution Services that help notify credit bureaus and replace cards if someone steals your identity. These detailed protections make it better than many other secured cards.

First Tech Mastercard® approval requirements

The card helps people with bad credit, so getting approved isn’t too hard. You might get approved with a credit score below 640. This makes it perfect if you need to rebuild your credit.

First Tech does check your credit when you apply. You’ll likely get approved with poor credit, but nothing’s guaranteed. The most important thing is having enough money for the security deposit, not perfect credit.

You need to:

Be at least 18 years old
Have a valid Social Security Number
Meet the minimum security deposit requirement
Become a member of First Tech Federal Credit Union

You must join the credit union to get approved. This extra step takes more time than other secured cards, but the benefits make it worth it.

First Tech Mastercard® security deposit

The security deposit makes this card great if you want higher credit limits. You must put down at least $500 to start.

The maximum deposit goes up to $25,000, which gives you more flexibility than most secured cards. Your credit limit usually matches your security deposit amount.

After you apply and get an offer, the money comes out of your bank account automatically based on what you agreed to during application. You can get a higher credit limit later by adding more to your deposit if approved.

The best part? Your security deposit is fully refundable. This gives you a safe way to get a $2000 credit card limit even with credit problems.

First Tech Mastercard® credit-building potential

This card helps you build or rebuild credit. The company reports your payments to credit bureaus, so each monthly payment helps build your credit history.

First Tech suggests keeping your balance below 30% of your credit limit to build credit faster. Using your card regularly, keeping low balances, and paying on time creates the best conditions for improving your score.

The website has resources about building credit, showing their steadfast dedication to helping members improve financially. Good card use might lead to higher credit limits or an unsecured card, though they don’t publish specific upgrade requirements.

Most secured cards give you basic features while rebuilding credit. The First Tech Platinum Secured Mastercard® does more with its rewards program, low fees, and competitive interest rate. This makes it a great choice if you need a $2000 credit card limit despite credit issues.

Credit One Bank® Platinum Visa® for Rebuilding Credit

The Credit One Bank® Platinum Visa® for Rebuilding Credit stands apart from secured cards we discussed earlier. This card lets you build credit history without a security deposit and might give you higher limits.

Credit One Platinum Visa® features

Your annual fee starts at $75 for the first year and goes up to $99 after that, billed at $8.25 monthly. The card issuer takes this fee right from your credit line when you open the account, which reduces your available credit.

The rewards program gives cardholders:

1% cash back on eligible gas and grocery purchases
1% cash back on mobile phone service, internet, cable, and satellite TV services

These rewards show up as statement credits automatically. The purchase APR runs high at 28.99% variable, so carrying a balance will cost you quite a bit.

Additional features include:

Free online credit score and credit report summary
Zero fraud liability protection
Customizable payment due date options
Customizable text and email alerts
Mobile account management through the Credit One Bank app

Credit One Platinum Visa® approval requirements

Credit One aims this card at people with poor to fair credit scores. They don’t tell you the exact minimum score needed, but they market it specifically to people rebuilding their credit.

You’ll need these basics to qualify:

Being at least 18 years old
Having a valid Social Security number
Maintaining a physical U.S. address (no P.O. boxes)
Providing proof of sufficient income to make minimum monthly payments
Having at least fair credit

You can check if you might qualify through Credit One’s prequalification tool. This soft pull won’t affect your credit score. A full application will result in a hard inquiry.

Credit One Platinum Visa® security deposit

This card differs from secured options because it’s an unsecured credit card – you won’t need to put down any security deposit. That’s its biggest advantage since your money stays in your pocket.

The minimum initial credit limit usually starts at $300, which falls well short of the $2000 limit many people want. Remember, your available credit drops by the annual fee amount right when your account opens[191]. A $300 limit minus the $75 first-year fee leaves you with just $225 to spend.

Some lucky cardholders start with higher limits between $1,500 and $2,000. These higher amounts don’t come often though. You’ll need better credit and higher income to qualify.

Credit One Platinum Visa® credit-building potential

The card helps build credit by reporting to all three major credit bureaus each month. Regular reporting helps you create a positive payment history as you use the card responsibly.

Credit One looks at your account every so often for possible credit line increases. These reviews usually start after six months of on-time payments. While they keep their exact criteria private, several things likely matter:

Payment history with the card
Overall credit utilization
Income updates provided to Credit One
General credit profile improvements

Here’s how to build credit faster:

Pay on time for at least six months straight
Keep your balance below 30% of your limit
Let Credit One know when your income goes up
Pay down other debts

This card has its pros and cons. You get credit without putting money down upfront. The annual fee and low starting limits might hold you back compared to secured cards with higher limits. Still, this card might work if you can’t afford a security deposit – just know that getting a higher limit takes time and good payment habits.

Applied Bank® Secured Visa® Gold Preferred® Credit Card

The Applied Bank® Secured Visa® Gold Preferred® Credit Card leads the pack of secured credit cards for credit rebuilding. Its low fixed APR and guaranteed approval make it a great choice for anyone looking to get a $2000 credit card limit despite credit problems.

Applied Bank® Gold Preferred® features

The card’s standout feature is its 9.99% fixed APR, which stays the same even after late payments. This rate is much lower than what other secured cards offer and beats many prime credit cards for people with excellent credit.

You’ll pay a $48 annual fee[233][234] but no monthly maintenance fees. The card’s fee structure has:

No penalty rate increases
3% foreign transaction fee
Optional fees like $12.95 for same-day payments through customer service
Online and mobile banking access
Embedded chip technology for better security

The biggest drawback is that the card doesn’t offer a grace period[233]. Interest starts adding up right after you make a purchase, which takes away some of the benefit of the low APR.

Applied Bank® Gold Preferred® approval requirements

The card’s best feature for people with bad credit is its no credit check application process[234]. Applied Bank will approve you whatever your credit score[234]. This makes it perfect for people who other cards have turned down.

Simple requirements include:

Being at least 18 years old
Having a valid Social Security Number or International Tax Identification Number
A physical U.S. address (no P.O. boxes)
Enough income to make minimum payments
The required security deposit

Most negative marks won’t stop you from getting approved since there’s no credit check. However, pending bankruptcies might still lead to rejection.

Applied Bank® Gold Preferred® security deposit

Your credit limit matches your security deposit. The original deposit ranges from $200 to $1,000[242], and you can add more deposits later.

You can increase your deposit to a maximum of $5,000[234], which helps if you want a $2000 credit card limit for bad credit. You’ll get your deposit back after paying your balance and closing the account.

The deposit acts as collateral to protect the bank while giving you credit access despite past problems. Applied Bank lets you use debit or prepaid cards for the deposit. This helps people who can’t get a regular checking account because of ChexSystems issues.

Applied Bank® Gold Preferred® credit-building potential

The card sends reports to all three major credit bureaus each month, which helps build your credit. Here’s how to improve your score faster:

Keep your balance below 30% of your credit limit
Pay more than the minimum each month
Never miss payments (automatic payments help avoid mistakes)

People who use this card responsibly often see their credit scores go up quickly. Regular on-time payments and good card management can help fix even seriously damaged credit.

The card’s guaranteed approval, high potential credit limit, and low APR make it valuable despite its annual fee and missing grace period.

Getting the right credit card with a $2000 limit can be tricky if you have credit issues. The good news is you’ll find many options available even with past financial problems.

A $2000 limit credit card with guaranteed approval needs careful review of both quick access and future benefits. Secured cards give you the easiest path to higher limits since your deposit sets your credit line.

Here are the key factors to look at when choosing between cards:

Fee structure – Annual fees range from $0 to $99, which makes a big difference in what you’ll pay
APR considerations – Interest rates can be anywhere from 9.99% fixed to over 28% variable
Deposit requirements – Most secured cards need $200-$500 minimum deposits, with limits up to $2,000-$25,000
Rewards potential – Some cards give cash back or points while others don’t offer rewards
Path to higher limits – Look for cards that clearly show how you can increase your credit line

Credit One Platinum Visa might work if you can’t put down a security deposit, though it starts with lower limits. People who have some savings often get better long-term value from secured cards.

Here are some other great cards to check out:

Chime Credit Builder Visa – No credit check, no interest, and no annual fee
Surge Mastercard – Bad credit option without security deposit, offering limits up to $1,000
Discover it Secured – Gives cash back rewards and chances to upgrade to unsecured card

Building better credit takes time and responsible card use. Your card is just one tool to help you get there. A $2000 limit gives you enough spending power while keeping risks low during this rebuilding phase.

These cards each have their strengths. Let’s see how they stack up against each other to help you pick the best one for your situation and credit goals.

Comparison Table

Card Name	Annual Fee	APR	Security Deposit Range	Credit Check Required	Rewards Program	Reports to Credit Bureaus
OpenSky® Secured Visa®	$35	24.64% Variable	$200 – $3,000	No	Up to 10% cash back	All 3 bureaus
First Progress Platinum Select Mastercard®	$39	18.24% Variable	$200 – $2,000	Soft Pull	1% cash back on payments	All 3 bureaus
First Tech Federal Platinum Secured Mastercard®	None	13.25% – 18.00% Variable	$500 – $25,000	Yes	1 point per dollar	All 3 bureaus
Credit One Bank® Platinum Visa®	$75 first year, then $99	28.99% Variable	None (Unsecured)	Yes	1% cash back on select purchases	All 3 bureaus
Applied Bank® Secured Visa® Gold Preferred®	$48	9.99% Fixed	$200 – $5,000	No	None mentioned	All 3 bureaus

FAQs

Q1. What are some credit card options for a $2000 limit with bad credit? Several secured credit cards offer $2000 limits for those with bad credit. Options include the OpenSky® Secured Visa® Credit Card, First Progress Platinum Select Mastercard®, and First Tech Federal Credit Union Platinum Secured Mastercard®. These cards require a security deposit that typically equals your credit limit.

Q2. How can I get approved for a credit card with bad credit? Secured credit cards are often the easiest to get approved for with bad credit. Cards like the OpenSky® Secured Visa® don’t even require a credit check. Alternatively, some unsecured cards like the Credit One Bank® Platinum Visa® are designed for those rebuilding credit, though they may have lower initial limits.

Q3. Are there any unsecured credit cards that offer $2000 limits for bad credit? While most unsecured cards for bad credit start with lower limits, some may offer $2000 limits to select applicants. The Credit One Bank® Platinum Visa® for Rebuilding Credit occasionally provides higher initial limits, though it’s not guaranteed. Generally, secured cards are more likely to offer $2000 limits for those with bad credit.

Q4. What should I consider when choosing a credit card to rebuild my credit? When rebuilding credit, consider factors such as annual fees, APR, security deposit requirements, and whether the card reports to all three major credit bureaus. Also, look for cards that offer a clear path to credit limit increases and potentially graduating to an unsecured card with responsible use.

Q5. How quickly can I improve my credit score with a secured credit card? Credit improvement varies, but many secured card issuers report seeing significant improvements in users’ credit scores within 6-12 months of responsible use. To maximize improvement, keep your credit utilization low (ideally under 30%), always pay on time, and use the card regularly. Remember, consistent positive behavior over time is key to rebuilding your credit.