Sentences with phrase «average credit limit»

While average credit lines for cardholders with excellent credit have increased, average credit limits for consumers with less - than - perfect credit have declined, the credit agency found.

Average credit limits for consumers with subprime scores fell by more than 1 percent in the second quarter.

Check out the graph below to see how a higher average credit limit means a higher credit score:

An average credit limit of only $ 3,670.93 seems quite low but when you consider that Discover are approving people with sub-prime credit histories this is actually quite a generous limit.

Specifically, they're dialing down the average credit limit — the maximum amount an account can carry — for people with credit scores below 600 — the market's so - called «subprime borrowers».

Afterwards, all cities were ranked in ascending order for average credit limit, and the top 250 results were included in the study.

The average credit limit is technically defined as the average credit card limit on open revolving credit cards reported in the last six months; it is the overall credit limit incorporating at least one or more credit cards per consumer.

What's the average credit limit for a new credit card?

The interest rate is usually around 14 %, with the average credit limit at a tad over $ 1000.

Among Credit Sesame members, men have an average credit limit of $ 8,809, while women have an average credit limit of $ 7,586.

In particular, reviewers with scores below 700 when applying were more likely to be approved for below - average credit limits.

Each card for the super prime credit elite comes with an average credit limit of $ 8,000 or more per card, according to our data.

And while the average credit limit is much lower than the six - digit max, cardholders can go into the process knowing they'll receive at least a $ 5,000 initial credit limit if approved.

The average credit limit for the Preferred card is around $ 10,000.

On the other end of the spectrum, some cards have average credit limits that make you think, «What's the point?»

In particular, reviewers with scores below 700 when applying were more likely to be approved for below - average credit limits.

The earning rate for rewards is a little lower than with the regular Venture ® card — and so is the average credit limit (which is around $ 5,000)-- but the average credit score seems to be below 700.

In fact, reviews indicate the average credit limit at approval is around $ 10,000 — and that's not just for people with excellent credit, although the average score seems to be around 725.

Meanwhile, the average credit limit for a subprime card account fell 1.1 percent to $ 2,547.

The average credit limit for new super prime accounts was flat.

The average credit limit for a new prime card account, for example, slipped 0.2 percent this year to $ 5,625.

Consumers with the best credit scores enjoyed an average credit limit of $ 10,396 — nearly twice the size of the next lowest risk tier.

The average credit limit for prime cardholders with a current account declined 0.3 percent to $ 7,301, while the average limit for subprime cardholders dipped 0.2 percent to $ 3,607.

Meanwhile, consumers at the second - highest credit tier — prime credit — saw their average credit limits increase by more than 1.5 percent to an average of $ 5,175.