CEO James Garvey CEO James Garvey founded Self in 2015 after making a mistake with automatic payments on his credit card. By the time he caught it, his credit score had tanked. In searching for a way to rebuild his credit, he saw some of the challenges faced by the more than 100 million Americans with low or no credit.

More than 100 million Americans have a low or no credit score. These Americans are either locked out of the traditional finance system or pay higher fees and interest rates for access to credit. Additionally, they often pay more for insurance and other services.

Unlike many traditional credit cards and secured cards, the Self Visa® Credit Card does not require a credit check or a hard inquiry on your credit to be approved. Instead, you must first open a credit builder loan, and Self will put your payments into a certificate of deposit at a partner bank.

Yes, the Self Visa credit card is a secured card that's accepted wherever Visa cards are accepted in the U.S. What is the credit limit on the Self Visa card? The minimum credit limit is $100.

720 or above Key Takeaways. It is possible to get a $100,000 personal loan, but it's difficult. Lenders don't typically offer loans as large as $100,000, with most banks and credit unions offering a maximum of $50,000. To qualify for a $100,000 personal loan, you'll need a credit score of 720 or above and a high income.

But your credit score won't start at zero, because there's no such thing as a zero credit score. The lowest score you can have is a 300, but if you make responsible financial decisions from the beginning, your starting credit score is more likely to be between 500 and 700.

$3,000 What is the credit limit on the Self Visa card? The minimum credit limit is $100. As you make payments on your Credit Builder Account each month, you can choose to increase your credit limit up to a maximum limit of $3,000.

Flexible credit limit You can select your own credit limit ranging from a minimum of $100 to the amount you've paid into your credit builder account, with a maximum limit of $3,000. As your account balance increases over time, you can similarly increase your credit limit in increments of $25.

Starting January 2021, the maximum secured credit limit available on the Self Visa® Credit Card is $3,000 for eligible customers.

Since the Self Visa ® Credit Card is a credit card, not a debit card, and does not provide cash advances, it is not set up for you to withdraw cash from an ATM. Instead, buy something directly using your Self card anywhere in the U.S. Visa is accepted, then pay your credit card balance by the due date.

30% Aim to use no more than 30% your total available credit. You can calculate your credit utilization ratio on a per-card or overall basis. We have a calculator below that can help. Credit utilization is one of the most important factors used to calculate your credit score.

What credit score do I need for a $5,000 loan? If you have a 580 or higher credit score you may qualify for a $5,000 personal loan. If you have bad credit or a credit score below 580 you may need to apply with a co-signer to qualify for a loan.