What credit score is needed for Prosper?
Prosper is best for borrowers with fair credit scores who want to borrow a small amount of money. This is because loans start at just $2,000, and borrowers need a minimum credit score of just 600. Plus, while the company’s maximum APR is high at almost 36%, the average between January and May 2021 was just 16.37%.
What is credit limit on Prosper card?
The card offers a credit limit of $500 to $3,000 and with regular credit line evaluations, this amount may increase beyond $3,000. The card charges a 1% of the transaction amount foreign transaction fee.
Does Prosper credit card give increases?
You may soon qualify for a credit limit increase
Your initial credit line will be between $500 and $3,000, depending on what you qualify for. But that can change quickly, because Prosper will automatically review your account for a credit line increase every three months.