The top 3 best around $1,000 credit cards
Low-limit credit cards help build or rebuild credit, in addition to serving as emergency funds for day-to-day expenses.
The low monthly limit credit card market has various objectives, mainly to cater to individuals who are starting their credit journey or have a poor credit history and cannot be approved for more powerful credit cards.
Therefore, you can explore the best options for low values with quality and security.
Discover it® Student Cash Back Card
Discover It® is one of the leading student credit cards in the USA, offering a competent financial solution for those starting their credit journey.
It serves as an excellent first credit card to manage life while enjoying various benefits and rewards.
Initially, the Discover It® card comes with a lower credit limit for students, but they can build their credit history over time and increase the maximum value by making timely payments without major issues.
Despite being an entry-level card, it comes with several benefits, such as 5% cash back on everyday purchases at places like supermarkets, restaurants, gas stations, and other establishments, with quarterly rewards.
Students can redeem the benefits for cash at any time or use them on Amazon.com or at other stores through PayPal.
The card also has no annual fee. Discover It® is available to students in general without significant prerequisites.
The application process can be completed directly on the platform or through the app.
The bank will conduct a review and respond, and if approved, students can choose the color and design of the card and receive it.
Capital One Quicksilver Secured
Capital One is a highly respected financial institution in the American market, offering various lines of credit cards, including QuickSilver Secured.
In the secured credit card format, customers need a refundable deposit as a way to secure credit. As they build a favorable credit history, they may qualify for higher limits.
The initial credit limit is $200, and customers must initially deposit more than the minimum security amount within 35 days to activate the card line.
After approval, Capital One customers can qualify for a credit limit between $1,000 and $3,000, providing a starting point in the world of credit.
In terms of benefits, Quicksilver offers 1.5% cashback on every purchase. Additionally, the annual fee is $0, and the refundable deposit is $200.
Capital One’s credit card has no hidden fees for foreign transactions, authorized users, or card replacement.
It also features account alerts, automatic payments, balance transfers, and 24/7 customer service.
The application for the card can be completed directly on the Capital One platform, which features a pre-approval form.
As the card is designed for individuals starting their credit journey, a high credit score is not required.
Milestone Mastercard®
Milestone is a brand of Concora Credit issued by The Bank of Missouri, providing an option for individuals with lower-value needs in terms of credit cards.
In this regard, the Milestone Mastercard is a viable choice for making purchases and building a good credit history.
The Milestone credit card comes with an initial limit of $700, making it ideal for individuals who want a simpler card for emergencies without making many high-value purchases.
Over time, it’s possible to seek credit limit increases.
The Milestone product serves as a time-recoverer and is suitable for individuals with a poor credit history.
Additionally, the card offers benefits such as fraud and theft protection, credit agency reports, and 24-hour access to the app.
To apply for Milestone, individuals need to access the pre-qualification form directly on the website platform.
In summary, customers can easily obtain a Mastercard-branded card, widely accepted within the United States, with quality and security.
It’s important to know that it will be a simple card, but still quite competent for effectively managing finances and learning for the future with higher-value cards.
