If you don't have one yet, create a BM account. BM accounts often have higher spending limits than personal accounts. Facebook often increases spending limits based on payment history and account performance. Run small, steady campaigns and pay on time to build credibility.
You can consistently spend $50 over the course of a week, and it will grow. The important thing is that the account needs to be paid regularly without encountering payment errors. If it still doesn’t work, you can switch to a BM account.
Your account is a new account so it will have a low limit, to increase it you need to spend regularly then it will increase. And if you don't want to wait, change to an account with a larger limit
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