You may see that everyone wants to increase the limit of their credit cards at the time of discussion of credit card limits. Though there are some people who want to decrease the credit line of their credit cards. As it is a rare case, you may think that why do they want low credit line credit cards? There are several reasons which are responsible behind the necessity of the lowest credit line credit cards. Some of them are discussed here in brief in the following: i) Self-Imposed Credit Limits- When you are trying to make change in your financial well being then changing the lowest credit line of the credit cards are an urgent thing which needs to be done at first. If you have a history of spending money which exceeds your income, then lowering the credit limit has enough capability to solve your problem.
It can make change into a positive direction by making you less dependent on the credit card all the time. ii)Obligation to a loved one or friend may force anyone to lower the credit line of the credit cards. This decrease in the credit limit usually gives direct financial assistance.
There are different low credit lines cards are available in market which are discussed in brief in the following.
St.George Vertigo Visa is one of lowest credit line credit cards which offer its customers purchase rate in 0% p.a. for 3 months and then 13.24% p.a. for the rest time period, balance transfer rate for 0% p.a. for 18 months, annual fee of $55 p.a., minimum credit limit $1000 and the maximum credit limit is $40000.ANZ Low Rate credit card is another credit card which is offering its customer purchase rate of $13.49 per annum, balance transfer fee of 0% p.a. for 16 months with 2% balance transfer fee, annual fee of $58, minimum credit limit $1000 and the maximum credit limit is $15000 as well as minimum income of $15000. You will get a purchase rate of 0% p.a. for 3 months which will be changed to 13.24% p.a. for the rest time period, balance transfer fee of 0% p.a. for the first 18 months, annual fee of $55 p.a. and minimum credit limit of $1000 when you are the issuer of BankSA Vertigo Visa credit card.
Bank of Melbourne Vertigo Visa Credit Card offers its customers purchase rate of 0% p.a. for 3 months (reverts to 13.24% p.a.), balance transfer rate for 0% p.a. for 18 months, annual fee of $55 p.a., minimum credit limit $500 and the maximum credit limit is $40000.
Before issuing any credit card for your own use it is necessary to know about the facilities which the respective companies of the credit cards are offering to you for choosing theperfect one for your own use. If you really want to change your financial condition to a positive direction then none can be the perfect substitute rather than using low credit line credit cards.