Can you point me to a $5,000 limit credit card with guaranteed approval?

The best high limit secured credit card is the U.S. Bank Secured Visa® Card. You can put down a security deposit of up to $5,000 to receive a credit limit of the same amount. The card is available to people with bad credit and it has a $0 annual fee. The regular APR is 25.49% (V).… read full answer

With almost all secured credit cards, your credit limit is the same amount as the security deposit you put down. There is another high limit secured credit card that lets you deposit as much as $5,000: the Harley-Davidson® Secured Credit Card. But several others allow limits in the thousands. The OpenSky® Secured Visa® Credit Card lets you deposit up to $3,000 and doesn’t even do a credit check when you apply. And there are a few other high limit secured credit cards of note.

Best High Limit Secured Credit Cards

• $5,000 maximum limit: U.S. Bank Secured Visa® Card. $300 minimum deposit. $0 annual fee.
• $5,000 maximum limit: Harley-Davidson® Secured Credit Card. $300 minimum deposit. $0 annual fee.
• $3,000 maximum limit: OpenSky® Secured Visa® Credit Card. $200 minimum deposit. $35 annual fee. No credit check when you apply.
• $3,000 maximum limit: Merrick Bank Classic Secured Credit Card. $200 minimum deposit. Annual fee: $36 1st yr, $0 after that.
• $2,500 maximum limit: Discover it® Secured Credit Card. $200 minimum deposit. $0 annual fee. 2% cash back on $1,000 spent per quarter at restaurants and gas stations combined. 1% back on everywhere else. First year’s cash back matched.
• $2,500 maximum limit: Citi® Secured Mastercard®. $200 minimum deposit. $0 annual fee.

So, there are plenty of high limit secured credit cards that will give you a few thousand dollars to work with. Just keep in mind that you’ll have to deposit as much as you want credit limit-wise. But the deposit is fully refundable when you close the card with a zero balance.

One of the easiest high limit credit card to get is the Chase Sapphire Preferred because its starting credit limit is $5,000 and you need at least good credit for approval. Chase Sapphire Preferred does have an annual fee of $95.

A credit card’s accessibility will vary based on applicants’ creditworthiness, so if you’re looking for a card with lower costs and a lower entry bar, secured credit cards such as the … read full answerOpenSky® Secured Visa® Credit Card and U.S. Bank Secured Visa® Card offer credit limits starting from $200 and $300, respectively.

Here are the easiest high limit credit cards you can get:

• For good credit and better – Chase Sapphire Preferred: $5,000 minimum credit limit. $95 annual fee.
• For fair credit and limited – Petal® 2 Visa® Credit Card: $300 - $10,000 credit limits, depending on creditworthiness. $0 annual fee.
• For bad credit – Credit One Visa: $300 minimum credit limit. $75 intro 1st yr, $99 after annual fee.
• High limit secured – U.S. Bank Secured Visa® Card: Your refundable security deposit will set your credit limit between $300 and $5,000. Available to applicants with bad credit or better.

Your credit limit will be primarily set by your creditworthiness. So if you think your options are limited by your credit history, best to aim for a secured credit card as the deposit you put down will generally act as your credit limit. The highest unsecured credit limit you’ll get with bad credit is likely to be around $300. It’s just a question of how much will get used up by initial fees. The U.S. Bank Secured Visa® Card features a $0 for instance.

That said, only some credit cards list their minimum credit limits in the terms and conditions. And your actual credit limit could be higher than what’s listed, depending on your personal creditworthiness. But no matter what your credit standing is, getting a high limit credit card will get easier as your credit score improves.