The highest credit card limit is over $100,000 according to anecdotes from credit card holders. But like most credit cards in general, even the highest-limit credit cards will only list minimum spending limits in their terms – and the highest minimum you’ll find is around $10,000.
In order to get $100,000+ in spending power, you need a lot of assets and income, little debt, and a spotless credit history. Let’s look at some of the most popular offers with high floors and, hopefully, even higher ceilings so you can see for yourself.… read full answer
Some of the highest credit card limits right now are:
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Chase Sapphire Reserve: $10,000+. You’re guaranteed a credit limit of at least $10,000 with this card, but it comes with a $550 annual fee and requires excellent credit. If you’re a high spender, though, the points you’ll rack up can be well worth it.
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Chase Sapphire Preferred: $5,000+. You’ll get at least a $5,000 credit limit with this card, and some people report a high limit of $100,000. The annual fee is $95.
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Capital One Venture: $5,000+. This card has a $5,000 minimum limit. It requires good credit and charges a $95 annual fee. And it gives excellent value on travel rewards.
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Discover it for Students: $500+. Students can look forward to a limit of at least $500. That’s pretty good for a first card when you have little to no credit history.
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Wells Fargo Secured: up to $10,000. This card accepts a refundable security deposit of as much as $10,000. The amount you put down will serve as your credit line.
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Amex Platinum: No Pre-Set Spending Limit. The Amex Platinum Card has no pre-set spending limit, which means your limit will depend on your monthly spending habits and could change from month to month. But some Amex Platinum cardholders say they start out with a limit of about $2,500 that then adjusts with their spending habits. The annual fee is $550, and you need good credit or better to get approved.
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Amex Gold: No Pre-Set Spending Limit. This is another NPSL card, meaning your credit limit on this card will adapt to how you use it. Many cardholders report spending limits of $5,000-$10,000. Some cardholders report starting limits as low as $2,000, which rise and fall with your monthly spending. Amex Gold requires at least good credit and charges an annual fee of $250.
Again, keep in mind that most credit cards only disclose minimum credit limits, if that. So your limit could be a lot higher based on your creditworthiness.
In order to have a better chance of getting the highest credit card limit possible in your situation, you should make sure to always pay bills on time, use 30% or less of your available credit, pay down your debts, save money for the future, and otherwise make good financial decisions.
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Clark Newton @aprwizard9
Another important thing to know is that several Amex cards have what is called ''no preset spending limit.'' This is the case for Amex's charge cards (where you must pay the balance in full each month) like Amex Platinum and Amex Gold. If your card has no preset spending limit, the amount you can charge on your card will fluctuate from billing cycle to billing cycle. It will depend on your past spending habits, your credit, your income and more.