5 Credit Cards with up to $1,000 Initial Credit Limit

It’s easier than ever to access credit if you have a low score!

credit card
Updated November 3, 2023
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Key takeaways

  • Unsecured credit cards can help build your credit score with responsible usage.
  • These cards offer high initial credit limits of up to $1,000 without requiring a security deposit.
  • Many of these cards provide additional features such as cash back rewards and fraud protection, enhancing their overall value.

When your credit profile is lacking – as in your credit score is below 670 – finding an unsecured credit card with a high initial credit limit can be tough. But it’s not impossible. A lot of credit issuers understand that mistakes happen and everyone needs a second chance now and again. That’s why multiple card issuers specialize in credit cards for people with poor credit. It’s easier than ever to access credit if you have a low score!

To help you out, we’ve put together a list of 5 unsecured credit cards for low credit scores that give you a little spending wiggle room. Let’s dive in and see if there’s one that suits you.

Credit cards for low credit scores

Initial Credit Limit of $400

Up to $1,000 Credit Limit Doubles Up to $2,000

Unlock a $1,000 Credit Limit & Increase it to $2,000

Greater Access to Credit than Before – $700 Credit Limit

Build Your Access to Credit – $700 Credit Limit

FIT® Platinum Mastercard®

Initial Credit Limit of $400

Fast and easy application process Accepted nationwide $400 credit limit doubles to $800
Annual Fee
$99
Intro APR
N/A
Regular APR
29.99 %
Credit Score Range
300-640
Monthly Fee
$6.25 ($0 the first year)

FIT® Platinum Mastercard® stands out as an option for credit beginners or those with low credit scores as it offers something unique in its class; a chance to double your initial credit limit to $800 in only six months.

  • APR: 29.99% (Variable)
  • Annual Fee: $99
  • Processing Fee: $89 (one-time fee)
  • Monthly Maintenance Fee: $0 the first year, $6.25 per month after that
  • Additional Card Fee: $30 (one time, if applicable)
  • Late or Returned Payment Fee: Up to $41
  • Cash Advance Fee: Either $10 or 3%, whichever is greater
  • Foreign Transaction Fee: 3%
  • Credit score range of 300-640 (Poor-Fair)
  • All credit scores are welcome
  • Initial credit limit of up to $400
  • Reports payments to all three major credit bureaus (TransUnion, Equifax, and Experian)
  • Fast and easy application process; results in seconds
  • Use your card anywhere Mastercard® is accepted
  • $400 credit limit doubles up to $800 (Simply make your first 6 monthly minimum payments on time)
  • Credit limit up to $2,000
  • Free access to your Vantage 3.0 score from Experian (when you sign up for e-statements)
  • Mastercard® Zero Fraud Liability Protection
  • Free online account access 24/7

Checking Account

The FIT® Platinum Mastercard® is available in all states except Illinois due to recent legislation.

“For first time credit builders, please get this card. It’s annual rate is reasonable compared to others and they were able to start me off when my score was below 600. Just keep up to date with subscriptions and your spending limit.”

Jas T.

Reflex® Platinum Mastercard®

Up to $1,000 Credit Limit Doubles Up to $2,000

Initial credit limit of $300-$1,000 Reports to 3 major credit bureaus FREE credit score
Annual Fee
$75-$125
Intro APR
N/A
Regular APR
29.99 %
Credit Score Range
300-719
Monthly Fee
$10 ($0 the first year)

Reflex® Platinum Mastercard® is a rare unsecured credit card for consumers with low credit scores. It is easy to qualify for, has a high initial credit limit, and is an excellent place to start rebuilding your credit.

  • APR: 29.99% (Variable)
  • Annual Fee: $75-$125
  • Monthly Maintenance Fee: $0 the first year, Up to $10 per month after that
  • Additional Card Fee: $30 (one-time, if applicable)  
  • Cash Advance: Either $10 or 3%, whichever is greater
  • Foreign Transaction Fee: 3%
  • Credit score range of 300-719 (Poor-Good)
  • All credit types are welcome to apply
  • Initial credit limit of $300-$1,000 (Subject to available credit)
  • Monthly reporting to all three major credit bureaus
  • Fast and easy application process; results in seconds
  • Prequalify with no impact on your credit score
  • Use Reflex® anywhere Mastercard® is accepted
  • Advanced security with 128-bit encryption technology
  • A+ rating from the Better Business Bureau
  • $1,000 credit limit doubles up to $2,000 (Simply make your first 6 minimum monthly payments on time)
  • Free access to your Vantage 3.0 Score from Experian (when you sign up for e-statements)
  • Buying power of Mastercard®
  • Mastercard® Zero Fraud Liability Protection

Checking Account

The Reflex® Platinum Mastercard® is available in all states except Colorado, Illinois, Massachusetts, West Virginia, and Wisconsin.

“I had no credit history due to being afraid of credit cards. This card helped me get started on the path to getting a better credit score. The customer service was friendly and answered my newbie questions about credit cards which helped me make the leap to getting my first credit card.”

Holly W.

Surge® Platinum Mastercard®

Unlock a $1,000 Credit Limit & Increase it to $2,000

Initial credit limit of $300-$1,000 Reporting to 3 major credit bureaus Monthly credit score
Annual Fee
$75-$125
Intro APR
N/A
Regular APR
29.99 %
Credit Score Range
300-669
Monthly Fee
$10 ($0 the first year)

Surge® Platinum Mastercard® is a strong option for people starting to build or rebuild their credit. It’s easy to get, provides a high initial credit limit – unique for credit cards for bad credit – and the chance to double it after six months of responsible use.

  • APR: 29.99% (Variable)
  • Annual Fee: $75-$125, after first year $99-$125 annually
  • Monthly Maintenance Fee: $0 the first year, Up to $10 per month after that
  • Additional Card Fee: $30 (one-time, if applicable)
  • Late or Returned Payment Fee: Up to $41
  • Cash Advance: Either $10 or 3%, whichever is greater
  • Foreign Transaction Fee: 3%
  • Credit score range of 300-669 (Poor-Fair)
  • All credit types are welcome to apply
  • Initial credit limit of $300-$1,000 (Subject to available credit)
  • Reports payments to all three major credit bureaus (TransUnion, Equifax, and Experian)
  • Fast and easy application process; results in seconds
  • See if you’re prequalified without impacting your credit score
  • A+ rating from the Better Business Bureau
  • 128-bit encryption technology to protect your personal information
  • $1,000 credit limit doubles up to $2,000 (Simply make your first 6 monthly minimum payments on time)
  • Free monthly access to your Vantage 3.0 Score from Experian (When you sign-up for e-statements)
  • Mastercard® Zero Fraud Liability Protection
  • Buying power of Mastercard® – Use Surge® anywhere Mastercard® is accepted
  • Online account access 24/7

Checking Account

The Surge® Platinum Mastercard® is available in all states except Illinois due to recent legislation.

“Like that I can use anywhere I need to. Like that credit limit was higher than most credit cards. Helping me boost my score.”

Nancy

Less-than-perfect credit is okay Reports to all 3 major credit bureaus Simple and fast application process
Annual Fee
$35-$99
Intro APR
N/A
Regular APR
24.90%-35.90%
Credit Score Range
510-699
Monthly Fee
Up to $12.50 ($0 the first year)

Milestone® Mastercard® is a reasonable option for consumers looking to build or rebuild their credit and who don’t want to tie up money in a security deposit. The card is easy to qualify for and new customers can enjoy a $700 credit limit.

  • APR: 24.90% – 35.90%
  • Annual Fee: $35-$99
  • Program Fee: Up to $25 (one-time fee)
  • Monthly Maintenance Fee: $0 the first year, up to $12.50 per month after that.
  • Late Payment Fee: Up to $41
  • Overlimit Fee: $40
  • Foreign Transaction Fee: 1%
  • Credit score range of 510-669 (Poor-Good)
  • Less-than-perfect credit is okay, even with a prior bankruptcy
  • No current delinquencies
  • Initial credit limit up to $700 (Subject to available credit) 
  • Account history reported to all three major credit bureaus
  • Simple application process with a quick decision
  • Prequalify with a soft credit pull
  • Accepted nationwide, wherever Mastercard® is accepted
  • Chip technology for your convenience and security
  • $0 liability for unauthorized use
  • Fraud Protection for stolen or lost cards
  • Mobile account access at any time
  • Free bill pay online
  • No security deposit is required

You must be over 18 years old, have a valid Social Security Number, physical address, and a US IP address.

“Got approved immediately with a $700 credit limit. Not sure if it’s because I was a past customer or not but I have nothing to complain about. Got approved with credit score in the lower 600’s. The annual fee is only $35 a year. There’s no rewards but it didn’t matter to me as I was happy for a bank to give me another chance to rebuild my credit. If you just pay your bill on time everytime and pay your statement balance you’ll have no problems!!”

Don’t have perfect credit? No problem All the benefits of a Mastercard No security deposit required
Annual Fee
$59-$99
Intro APR
N/A
Regular APR
24.90%
Credit Score Range
510-699
Monthly Fee
$10.40-$12.50

Destiny Mastercard® is a straightforward card that provides consumers with the opportunity to boost their credit scores, gives them the advantage of a $700 credit limit, and is easy to be approved for.

  • APR: 24.90% (Variable)
  • Annual Fee: $59-$99
  • Late Payment Fee: Up to $40
  • Overlimit Fee: Up to $40
  • Cash Advance: $0 the first year, 5% after the first year
  • Foreign Transaction Fee: 1%
  • Credit score range of 510-699 (Poor-Good)
  • All credit histories considered, even with a prior bankruptcy
  • No current delinquencies
  • Credit limit of $700
  • Reports payments to all three major credit bureaus (TransUnion, Equifax, and Experian)
  • Fast and easy application process; results in 60 seconds or less
  • Prequalify in 60 seconds or less
  • Use your card anywhere Mastercard® is accepted, in-store, in-app, online
  • $0 Fraud Liability for unauthorized use
  • Mastercard® ID Theft Protection
  • Purchase strength of Mastercard®
  • Manage your card and pay your bills online
  • 24/7 access to your account, even on mobile!
  • Unsecured credit card, no security deposit required

Must be at least 18 years old and have a valid Social Security Number, physical address, and a US IP address.

“I have had no issues with this card. It has been great to me and a awesome start to building my credit up. I even have gotten a credit card milestone offer in just 6 months. They are offering me to go up to 700$ limit compared to the initial 300$. Thanks for being awesome.”

Ashley

Types of unsecured credit cards

Unsecured credit cards do not require a security deposit, with most traditional credit cards falling into this category. These include various types such as cash back, travel rewards, and balance transfer cards, in addition to standard credit cards. While most rewards cards are aimed at individuals with good credit, there are some options available for those with lower scores. However, these cards typically come with higher interest rates and often an annual fee.

Cash-back cards

Cash-back rewards cards return a percentage of the amount spent back to the cardholder, either as cash or statement credit. While most rewards cards are aimed at consumers with good credit, some consider applicants with poor ratings. These cards usually have higher APRs to offset the rewards. To maximize benefits, pay your bill in full each month to avoid interest charges.

Travel rewards cards

These cards allow holders to earn points of miles on everyday purchases. They often do not charge a foreign transaction fee, making them perfect for the frequent traveler. As they are a rewards card, most are geared toward applicants with good to excellent credit and will have higher APRs.

Balance transfer cards

Balance transfer cards are great for consolidating debt. They often offer a promotional 0% APR (Annual Percentage Rate) for several months, enabling interest-free purchases during that period. If you choose this type of card, be sure to pay off the entire balance before the promotional APR ends or you may be charged a much higher interest rate.

Credit builder cards

Subprime cards focus on helping users build their credit scores. They report payments to all three major credit bureaus – Equifax, Experian, and TransUnion – and often provide free monthly access to your credit score. Many of these cards have lenient requirements, making them accessible to applicants with poor or fair scores.

Credit union cards

Credit unions are member-owned institutions who often have friendlier terms and more lenient criteria compared to traditional banks. You may be able to find cards geared towards poor scores that have lower APRs and fewer fees. While their rewards may not be as robust, credit union cards can be a good option for those with low credit scores seeking more favorable terms.

By understanding the different types of unsecured credit cards available, you can choose one that best suits your financial needs and goals.

How to select the best credit card for bad credit

Choosing the right credit card when you have a poor credit score requires careful consideration of several key factors:

  1. Targeted cards: Look for cards specifically designed for individuals with poor credit. These often have more lenient approval requirements. There is no point in applying for cards you don’t qualify for.
  2. Assess your financial situation: Understand your income, monthly expenses, and existing debts. This will help you determine what you can realistically afford to repay and avoid deeper debt.
  3. Annual Percentage Rate (APR): Pay close attention to the APR, as cards for poor credit typically have higher rates. Aim to find a card with the lowest possible APR.
  4. Fees: Examine the fees associated with the card, including annual fees, processing fees, and monthly maintenance fees. Compare these across different cards to find the most cost-effective option. Be aware of standard fees such as late payment fees, returned payment fees, and foreign transaction fees.
  5. Read the fine print: Carefully review the terms and conditions for any hidden fees or charges. Understand penalty rates, interest rates, and conditions for rewards or benefits.
  6. Benefits: Check if the card offers additional benefits like cash back, rewards, or credit-building tools. These can add value and help offset higher fees.
  7. Issuer’s reputation: Consider the reputation and customer service of the card issuer. Look for reviews and ratings to ensure you’re dealing with a reliable company.
  8. Credit bureau reporting: Ensure the card issuer reports to all three major credit bureaus. This is crucial for building your credit score, as you want your payment history and usage to be recorded across all bureaus.

By focusing on these factors, you can find a credit card that not only helps you manage your finances but also aids in credit building.

What credit limit and interest rate can you expect?

When considering credit cards for individuals with a low credit rating, it’s important to have realistic expectations regarding credit limits and interest rates. These cards generally offer lower credit limits, typically ranging from $200 to $1,000. However, some issuers may increase your limit after six months of responsible use, which can significantly enhance your spending power and help improve your credit score.

Interest rates on credit cards for those with poor scores are usually higher. APRs often start around 24.99%, which is considerably above the national average, and can go up to 35%. The key to managing these high APRs is to pay off your balance in full each month, thus avoiding interest charges altogether.

The combination of low credit limits and high APRs reflects the increased risk card issuers take when approving applicants with low credit scores without requiring a deposit. Individuals with poor or fair credit scores are more likely to default on their payments compared to those with scores above 670. This increased risk justifies the cautious approach and higher charges by issuers.

How to apply for a credit card

Applying for a new credit card is a straightforward process, but following the right steps can increase your chances of approval and help you find the best card for your needs. Here’s a step-by-step guide to help you through the application process:

1. Check your score

Before applying, know your credit score. This will help you identify which cards you’re likely eligible for. You can obtain your score from each credit bureau or through AnnualCreditReport.com.

2. Research your options

Look for cards that match your credit score and offer benefits that align with your spending habits, such as rewards programs, low interest rates, or no annual fees.

3. Read the fine print

Understand all terms and conditions associated with the card, including fees, interest rates, rewards, and penalties. This helps you avoid unexpected charges.

4. Gather necessary information

Have all required information ready, such as your Social Security number, income, and employment details.

5. Try to prequalify

Many credit card issuers offer prequalification, allowing you to see your chances of approval without affecting your credit score. Prequalify for a few cards and then apply for the best offer you receive.

6. Apply online or in-person

Most applications can be completed online, which is convenient and usually results in a quick decision. Alternatively, you can apply in person at the financial institution.

7. Wait for approval

After submitting your application, there may be a processing period. Some applications might result in instant approval, while others could take a few days or weeks. During this time, avoid applying for other cards, as multiple inquiries can hurt your score.

8. Understand your limit and terms

Once approved, review the credit limit and other terms carefully to understand your obligations and benefits.

9. Activate your card

Upon receiving your card, activate it via phone or online before use.

10. Set up online management

Register for online access to your account to manage your card, view transactions, and pay your bill. Many issuers also offer mobile apps for convenient management on the go.

11. Start using your card responsibly

Use your card for purchases and remember to pay your balance in full each month to avoid interest charges and build your credit score.

By following these steps, you can smoothly apply for a credit card and make the most of your new financial tool.

How long does it take to rebuild credit with a credit card?

Rebuilding credit with a credit card typically takes between three to six months to see noticeable improvements, though this can vary depending on individual circumstances. The key to rebuilding credit lies in consistent, responsible card usage. Making on-time payments is crucial, as payment history accounts for 35% of your credit score. Keeping your credit utilization low, ideally below 30% of your credit limit, also plays a significant role in improving your score.

It’s important to avoid applying for multiple credit cards in a short period, as each application triggers a hard inquiry, which can temporarily lower your score. Additionally, keeping old accounts open, even if they have a low balance, can positively impact the age of your credit history, which contributes 15% to your score.

While three to six months is a general timeframe to see initial improvements, the journey to a healthy credit score is ongoing. Consistent, responsible credit behavior over time will yield the best results, helping you to eventually qualify for cards with better rewards and lower interest rates. Patience and discipline are key to rebuilding and maintaining a strong credit profile.

How to make the most of a credit card

Owning a card can establish your credit history, but using it responsibly is key to building your credit score. Here are the factors that contribute to your score:

  • Payment History: 35%
  • Amount Owed: 30%
  • Age of Accounts: 15%
  • Credit Mix: 10%
  • New Credit: 10%

Let’s explore practical ways to improve your score:

Maintain low balances

Keep your card balances low, ideally using less than 30% of your available credit. A low utilization rate shows responsible borrowing habits and indicates you’re not overly reliant on credit.

One way to do so is to make multiple payments throughout the month. This is an especially useful strategy if your credit limit is low. Alternatively, request a credit limit increase after demonstrating consistent, timely payments.

Make payments on time

Always pay your credit card bill on time. A single late payment can drag your score down and will stay on your report for up to seven years. Credit card issuers frequently charge late payment fees and many impose a higher penalty APR if you miss payments. It’s essential that you make at least the minimum payment to avoid being marked as late. Paying in full is even better to avoid interest charges.

Set up automatic payments or request payment-due alerts to ensure timely payments. Human errors happen, luckily with modern technology, there are more and more ways to avoid them.

Refrain from too many applications

Each credit application triggers a hard inquiry, temporarily lowering your score by 5 to 10 points. Apply occasionally and wait at least six months between applications to avoid negative impacts.

Too many applications in a short period can signal financial distress to lenders.

Don’t close old accounts

The age of your accounts affects your score. Keeping old accounts open and active (using them at least once a year) helps maintain a long credit history.

Close accounts only if they have high fees that outweigh their benefits.

Have a mix of credit

A diverse mix of credit accounts, such as revolving credit (credit cards) and installment credit (loans), can positively impact your score by showing you can manage different types of credit responsibly.

However, don’t take on debt solely to improve your credit mix. You can achieve a good or excellent score with just credit cards.

Improving your credit score takes time, but if you start with a very low score, you may see significant improvements relatively quickly. By practicing these habits, you can maximize the benefits of your second-chance card and work towards a stronger credit profile.

Bottom line

No matter if you have a good credit score or fall into the poor category, you should be able to access the credit you need. These five unsecured credit cards could be your answer. They are designed to help you build your credit with responsible card usage and prove to lenders that you are a trustworthy borrower. And who knows, you may be rewarded for your good credit behavior. Most importantly, they offer some of the highest initial credit limits on the market, going all the way up to $1,000 without a security deposit! So go ahead and see if one is right for you.

Each of these cards offers unique benefits tailored to help you improve your financial standing. By making timely payments and keeping your balance low, you can demonstrate financial responsibility and potentially qualify for higher credit limits and better terms in the future. Additionally, many of these cards report to all three major credit bureaus, which is essential for building a solid credit history.

These cards also often come with features like cash back rewards, fraud protection, and online account management tools, making them not only practical but also convenient. Take the first step towards improving your credit today by exploring these options and finding the one that best suits your needs and lifestyle.

1. Paycheck Advance is For eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC, which offers this optional feature. Finco Advance LLC is a financial technology company, not a bank. Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. For more information, please refer to Paycheck Advance Terms and Conditions.           Current is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC. The Current Visa® Debit Card issued by Choice Financial Group, and the Current Visa® secured charge card issued by Cross River Bank, are both pursuant to licenses from Visa U.S.A. Inc. and may be used everywhere Visa debit or credit cards are accepted. Current Individual Account required to apply for the Current Visa® secured charge card. Independent approval required.           Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.
2. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC. The Current Visa® Debit Card is issued by Choice Financial Group pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Current Visa® secured charge card is issued by Cross River Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see the back of your Card for its issuing bank. Current Individual Account required to apply for the Current Visa® secured charge card. Independent approval required.
3. Individual results may vary. Using your credit card responsibly may allow you to improve your credit score. Credit building depends on various factors, including your payment history, credit utilization, length of credit history, and other financial activities.
4. Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.
5. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group. Funds held in Savings Pods are FDIC-insured on a pass-through basis up to $250,000 at our partner bank Choice Financial Group, member FDIC
6. Paycheck Advance is For eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC, which offers this optional feature. Finco Advance LLC is a financial technology company, not a bank. Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. For more information, please refer to Paycheck Advance Terms and Conditions.
7. Actual overdraft amount may vary and is subject to change at any time, at Current’s sole discretion. In order to qualify and enroll in the Fee-Free Overdraft feature, you must receive $500 or more in Qualifying Deposits into your Current Account over the preceding 30-day period. For more information, please refer to Fee-free Overdraft Terms and Conditions.
8. You may earn Points in connection with your everyday spending and by completing other actions that Current designates as subject to the Current Points Program. The amount of Points granted for different actions as well as the purchase requirements necessary to earn Points will vary, and is subject to Current’s sole discretion. After qualifying, please allow 3-5 business days for points to post to your Current account. The Current Points program is not available to Teen Account holders. See Current Points Terms and Conditions.
9. Some fees may apply, including out of network ATM fees of $2.50 per transaction, late payment fees of 3% of any total due balance outstanding and past due for two or more billing cycles, foreign transaction fees of 3% of the full transaction amount (minimum $0.50), card replacement fees per card of $5 for regular delivery and $30 for expedited delivery, cash deposit fees of $3.50 per deposit, and third party processing fees.
10. Boost Bonuses are credited to your Savings Pods within 48 hours of enabling the Boost feature and on a daily basis thereafter, provided that the Savings Pod has accrued a Boost Bonus of at least $0.01. The Boost rate on Savings Pods is variable and may change at any time. The disclosed rate is effective as of August 1, 2023. Must have $0.01 in Savings Pods to earn a Boost rate of either 0.25% or 4.00% annually on the portion of balances up to $2000 per Savings Pod, up to $6000 total. The remaining balance earns 0.00%. A qualifying direct deposit of $200 or more is required for 4.00%. No minimum balance required. For more information, please refer to Current Boost Terms and Conditions.
11. Cryptocurrency services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC, and may not be available in all states. Terms and conditions apply. When you buy or sell cryptocurrency, a difference between the current market price and the price you buy or sell that asset for is called a spread. However, unlike most other exchanges Current does not charge an additional trading fee. Cryptocurrency transactions are a form of investment, and all investments are subject to investment risks, including possible loss of the principal amount invested. Cryptocurrency is not insured by the FDIC or any other government-backed or third-party insurance. Your purchase of cryptocurrency is not a deposit or other obligation of, or guaranteed by, Choice Financial Group or Cross River Bank. The cryptocurrency assets in your Zero Hash account are not held at Current, Choice Financial Group, or Cross River Bank. Current, Choice Financial Group, and Cross River Bank are not responsible for the cryptocurrency assets held in any Zero Hash account. Neither Current, Choice, nor Cross River Bank is involved in the purchase, sale, exchange of fiat funds for cryptocurrency, or custody of the cryptocurrencies. Terms and Conditions apply (platform and user agreements). Crypto on Current is not currently available in HI. Licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. This does not constitute investment advice.
12. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group. Your money is FDIC-insured on a pass-through basis up to $250,000 at each of our partner banks, Choice Financial Group and Cross River Bank, members FDIC.
13. Average value based on Fine Hotels + Resorts bookings in 2023 for stays of two nights. Benefits include daily breakfast for two, room upgrade upon arrival when available, $100 amenity, guaranteed 4PM late checkout, and noon check-in when available. Certain room categories not eligible for upgrade. $100 amenity varies by property. Actual value will vary based on property, room rate, upgrade availability, and use of benefits.
14. Up to $500 per Covered Trip that is delayed for more than 6 hours; and 2 claims per Eligible Card per 12 consecutive month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
15. The maximum benefit amount for Trip Cancellation and Interruption Insurance is $10,000 per Covered Trip and $20,000 per Eligible Card per 12 consecutive month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
16. Baggage Insurance Plan coverage can be in effect for Covered Persons for eligible lost, damaged, or stolen Baggage during their travel on a Common Carrier Vehicle (e.g. plane, train, ship, or bus) when the Entire Fare for a ticket for the trip (one- way or round-trip) is charged to an Eligible Card. Coverage can be provided for up to $2,000 for checked Baggage and up to a combined maximum of $3,000 for checked and carry-on baggage, in excess of coverage provided by the Common Carrier. The coverage is also subject to a $3,000 aggregate limit per Covered Trip. For New York State residents, there is a $2,000 per bag/suitcase limit for each Covered Person with a $10,000 aggregate maximum for all Covered Persons per Covered Trip. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
17. Car Rental Loss and Damage Insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
18. Coverage for a Stolen or damaged Eligible Cellular Wireless Telephone is subject to the terms, conditions, exclusions, and limits of liability of this benefit. The maximum liability is $800, per claim, per Eligible Card Account. Each claim is subject to a $50 deductible. Coverage is limited to two (2) claims per Eligible Card Account per 12 month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
19. When an American Express® Card Member charges a Covered Purchase to an Eligible Card, Extended Warranty§ can provide up to one extra year added to the Original Manufacturer’s Warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your Card for the item up to a maximum of $10,000; not to exceed $50,000 per Card Member account per calendar year. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
20. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. It can help protect Covered Purchases made on your Eligible Card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the Covered Purchase date. The coverage is limited to up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Coverage Limits Apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
21. Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.
22. The secured Chime Credit Builder Visa® Card is issued by Stride Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.
23. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A., Members FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
24. The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.
25. There’s no fee for the Chime Savings Account. Cash withdrawal and Third-party fees may apply to Chime Checking Accounts. You must have a Chime Checking Account to open a Chime Savings Account.
26. To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Chime Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.
27. Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder Visa card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month.
28. Based on a representative study conducted by Experian®, members who made their first purchase with Credit Builder between June 2020 and October 2020 observed an average FICO® Score 8 increase of 30 points after approximately 8 months. On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score.
29. On-time payment history may have a positive impact on your credit score. Late payment may negatively impact your credit score. Chime will report your activities to Transunion®, Experian®, and Equifax®. Impact on your credit may vary, as Credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.
30. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
31. SpotMe® on Debit is an optional, no fee overdraft service attached to your Chime Checking Account. To qualify for the SpotMe on Debit service, you must receive $200 or more in qualifying direct deposits to your Chime Checking Account each month and have activated your Visa debit card. Qualifying members will be allowed to overdraw their Chime Checking Account for up to $20 on debit card purchases and cash withdrawals initially but may later be eligible for a higher limit of up to $200 or more based on Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Debit limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s sole discretion. Although Chime does not charge any overdraft fees for SpotMe on Debit, there may be out-of-network or third-party fees associated with ATM transactions. SpotMe on Debit will not cover any non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. SpotMe on Debit Terms and Conditions.
32. Tipping or not tipping has no impact on your eligibility for SpotMe®.
33. Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
34. Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your savings account.
35. Round Ups automatically round up debit card purchases to the nearest dollar and transfer the round up from your Chime Checking Account to your savings account.
36. Mobile Check Deposit eligibility is determined by Chime in its sole discretion and may be granted based on various factors including, but not limited to, a member’s direct deposit enrollment status.
37. Funds are automatically debited from your Checking Account and typically deposited into the recipient’s Checking Account within seconds. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed.
38. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed. Non-Chime members must use a valid debit card to claim funds.
* EarnIn is not available for Connecticut residents

About the author

Rachel Alulis

Rachel Alulis has been the lead editor for Moneyfor’s credit cards team since 2015 and for the financial rewards team since 2023. Before joining Moneyfor, Rachel worked at USA Today and the Des Moines Register. She then established a successful freelance writing and editing business specializing in personal finance. Rachel holds a bachelor’s degree in journalism and an MBA.