What are the drawbacks of a cerulean credit card?
When applying for a Cerulean card, the advertised credit limit of $1,000 may not be what you receive. Your actual credit line depends on your credit history and could be as low as $300. Remember that there is an annual fee of $125 that will be charged when you open the card. This fee and any other charges will decrease your available credit until they are paid. For example, if you are given a $300 credit limit, your initial available credit will only be $175 after deducting the annual fee. It's important to pay this fee promptly to avoid accumulating interest on it. Neglecting to do so could result in over $3 in interest expenses just on the annual fee. Keep these details in mind to responsibly manage your Cerulean card economically.