Based on those numbers, the Merrill representative gave Holland --- on that same day --- an estimate on
the size of the credit line Merrill could offer.
With a secured credit card, your credit line depends more on your security deposit — effectively, you have more control on
the size of your credit line.
Your security deposit determines
the size of your credit line with this card, which ranges from $ 200 to $ 3,000.
And here's a cool fact: When it comes to building business credit, the number of tradelines you establish and pay on - time matters more than
the size of the credit lines.
There are some general rules of thumb you can use to determine
the size of the credit line your business can reasonably maintain.
With most secured credit cards, the size of your deposit will dictate
the size of your credit line, up to a specific maximum.
The amount of equity you have in your home — essentially the dwelling's value minus what you owe on it — will limit
the size of your credit line.
The size of your credit line will then be equal to 90 % of your deposit amount.
With most secured cards,
the size of your credit line will be equal to 100 % of the amount you deposit.