Best High-Limit Credit Cards: Terms Apply to American Express Benefits and Offers. Visit [American Express Website URL] to Learn More. ****
Most credit cards are assigned a fixed credit limit when you open the account, with a range of $200 to tens of thousands of dollars. You can typically only spend up to your limit. To qualify for a higher credit limit, you usually need a good or excellent credit score and a stable income. However, some high-limit credit cards offer a minimum cap of $5,000 or more.
Below, we’ll explore how to get a high-limit credit card, the best high-limit credit cards, and options for those who don’t meet the criteria.
Best High-Limit Credit Cards
- Chase Sapphire Preferred:
- Earn 60,000 bonus points after spending $4,000 in the first three months
- 2X points on travel and dining, 1X points on all other purchases
- Travel and shopping protections
- Annual fee: $95
- Credit limit range: $5,000 to $10,000 or more
- Chase Sapphire Reserve:
- Earn 60,000 bonus points after spending $4,000 in the first three months
- 5X points on flights and 10X points on hotels and car rentals
- Luxury perks, including airport lounge access and travel credits
- Annual fee: $450
- Credit limit range: $10,000 or more
- The Platinum Card from American Express:
- Earn 80,000 Membership Rewards points after spending $8,000
- Luxury perks, including Centurion Lounge access and travel credits
- Annual fee: $550
- Credit limit range: No fixed limit, but total credit limit will depend on spending patterns and creditworthiness
Options for Those Who Don’t Yet Qualify
- Chase Freedom Unlimited:
- Earn 3% cash back on all purchases in your first year, up to a maximum of $20,000
- No foreign transaction fees
- No annual fee
- Credit limit range: Dependent on creditworthiness and income
What Is a High-Limit Credit Card?
A high-limit credit card typically has a credit line between $5,000 and $10,000 (and some go beyond $10,000). You’re more likely to have a higher credit limit if you have a good or excellent credit score. High-limit credit cards can help improve your credit score by increasing your available credit and reducing your credit utilization ratio. However, ensure you spend within your means to avoid overspending.
How to Get a High-Limit Card
Many card issuers don’t publicize their credit limits, so it’s essential to read the fine print before applying. Credit limits vary depending on your credit score, income, and other factors. If you’re accepted for a card with a lower credit limit, you can ask for a credit limit increase by contacting your issuer or making a request online.
FAQs
- What is the highest credit card limit you can get?
Due to the lack of transparency from issuers, it’s unclear what the highest credit card limit is. However, cardholders have reported having limits over $100,000. - Are there high-limit credit cards for average credit?
Yes, some credit cards are available for those with average credit, including secured credit cards, which help improve or rebuild credit. - How high are American Express credit limits?
American Express offers some cards with no preset credit limits, but there are still spending limits based on your spending habits, payment history, and credit score. Well-heeled cardholders may have six-figure spending limits.
Methodology
CNBC Select analyzed over 250 credit cards from FDIC-insured banks and NCUA-insured credit unions to determine the best high-limit credit cards. We compared each card on their features, including rewards, annual fees, welcome bonuses, and more.
