You won’t know your American Express credit limit until you’re approved for an account. American Express does not disclose a minimum credit limit in their cards’ terms and conditions, unlike some other major issuers. All Amex says is that your credit limit depends on your credit history, debt level, income, and payment history on other American Express cards.
One way to estimate what credit limit you might get on an American Express card is to read customer reviews of the card. People will often post what limit they received, sometimes with their credit score and income. On Amex cards for good credit, people seem to report starting with limits of $1,000-$5,000 most often. But you should take any of these numbers with a grain of salt. Just because someone with a similar credit score or income got a certain limit, it doesn’t mean you will too.
The highest credit card limit possible isn’t public knowledge. Some people have reported limits of $100,000+. But in order to get that kind of spending power, you’d have to have a ton of assets and income, along with spotless credit. Most credit card issuers don’t disclose a maximum credit limit for their cards, so it’s hard to say for any individual card. But many companies do share their cards’ minimum credit limits, and some cards definitely have higher minimum limits than others. For example, one credit card that requires good credit for approval might have a $5,000+ credit limit, while another offers just $500+. Similarly, you’ll find limits ranging from $500+ to $10,000+ among cards that require excellent credit. Let’s look at some of the most popular offers with high floors and, hopefully, even higher ceilings.… read full answer
Here are some of the highest credit card limits:
High Overall Minimum: Chase Sapphire Reserve – You’re guaranteed a credit limit of at least $10,000 with this card, but it comes with a $450 annual fee and requires excellent credit. If you’re a high spender, though, the points you’ll rack up can be well worth it.
High Travel Minimum: Capital One Venture – This card has a $5,000 minimum limit. It requires good credit and charges a $95 annual fee that’s waived the first year. And it gives excellent value on travel rewards.
High Student Minimum: Discover it for Students– 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.
High Bad Credit Maximum – Wells Fargo Secured: This card accepts a refundable security deposit of as much as $10,000, which will serve as your credit line.
Again, keep in mind that with the exception of Wells Fargo Secured, these are all minimum credit limits. So your limit could be a lot higher based on your creditworthiness. In order to have a better chance of getting a high limit, you should make sure to always pay 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.
It's harder to get an American Express card than it is to get a credit card from many other major issuers simply because all of Amex's credit card offers require good or excellent credit for approval. But American Express isn't the only credit card company to target people in the highest tiers of the credit score scale. Barclaycard and Chase do too, for example. And if you're fortunate enough to have good credit or better, an American Express credit card will be no harder to get than any other credit card.… read full answer
The easiest American Express cards to get are those that require a minimum of good credit for approval, as opposed to excellent credit only. You may also want to target cards that are co-branded with companies such as Delta and Hilton as well as offers with lower annual fees. Co-branded cards often have relatively high approval rates to accommodate more fans of the brand (e.g. Hilton) in question. And some of Amex's premium cards for big-spenders, which can be relatively difficult to get, have high fees.
Of course, American Express also evaluates each applicant's income and debt obligations to make sure they can afford monthly bill payments on a new line of credit. But there isn't much information available about Amex's standards in those regards, and you shouldn't expect them to differ too much from other credit card companies' policies.
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