What's the best credit card for high spenders?

The highest credit card limit you can get 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. The best high limit credit cards offer spending limits of $10,000 or more.… read full answer

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.

Highest Credit Card Limits of 2022

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.

One of the easiest unsecured cards to get approved for is the Credit One Bank® Platinum Visa® for Rebuilding Credit. You can get approved for it even with bad (300) credit. It offers a $300 starting spending limit. And you can use it wherever Visa is accepted.

This isn’t your only option, though. WalletHub’s editors compared all of the unsecured credit cards in our database of 1,500+ offers. And we selected our favorite easy-to-get offers.… read full answer

Here are some of the easiest unsecured credit cards to get approved for:

• Rewards: Credit One Visa.
• Small businesses: Capital One Spark Classic for Business​.
• No credit: Capital One Platinum Credit Card
• No annual fee: Petal® 2 Visa® Credit Card.
• Easiest store card: Fingerhut Credit Account.
• Students: Journey Student Rewards from Capital One.

The easiest unsecured credit cards to get generally work best for minor emergencies. You will only receive a small amount of spending power, after all.

Unsecured credit cards for people with bad credit also tend to be very expensive, charging lots of fees and high interest rates. So, if you don’t need a small emergency loan, the best course of action is to improve your credit inexpensively with a secured card. Secured cards are cheaper than unsecured cards, build credit just as effectively, and offer the closest thing you’ll find to guaranteed approval.

To learn more, check out WalletHub's complete list of the year’s easiest credit cards to get approved for​.

The easiest way to make money with credit cards is by earning rewards, particularly cash back rewards and big signup bonuses. So long as you use a cash back credit card for purchases you were going to make anyway, and then pay your bill in full to avoid interest, you’re getting free money back. Same goes for credit card signup bonuses: As long as the spending requirement is money you would’ve spent in that timeframe anyway, the bonus is free money.… read full answer

Other ways to make money with credit cards, at least indirectly, include peer-to-peer lending. Nevertheless, taking full advantage of rewards remains the easiest, most reliable way to make money with credit cards, as you can discover in greater detail below.

Here’s how to Make Money with Credit Cards:

• Get a cash back credit card.

  Any rewards credit card will reduce the cost of the purchases that you make, but cash back credit cards make it easiest to make money. Cash rewards cards give you cash back on purchases that you can redeem for statement credits, personal checks and/or bank account deposits. You can also set up automatic cash back redemption, so that once your earnings hit a certain amount, they’re cashed out according to your preferences.

  The average cash back credit card gives a little more than 1% cash back on purchases, but you can find cards with higher earning rates. Check out the best cash back credit cards to see which will make you the most money.

• Earn a credit card signup bonus.

  Many of the best rewards credit cards come with high signup bonuses for meeting a minimum spending requirement in the first 1-3 months. For example, you could make $150 to $500+ from rewards bonuses without spending more than you would otherwise, just by using the right card.

  Once you earn the signup bonus, one redemption option is to apply it directly to your credit card bill to cover purchases you’ve made. You might also be able to redeem for a check, bank account deposit, gift cards, travel, merchandise and more, depending on the card, if you’d rather save money another way.

• Cash in credit card points/miles.

  The simplest way to cash in your points or miles is by using them to pay for purchases that you’ve charged to your card. You basically get those purchases for free. Most credit card issuers will let you apply your rewards to past purchases, usually at a rate of a bit more than 1 cent per 1 point/mile.

  You can also cash in rewards for gift cards to the places you shop at most. Another option to make money is to sell your rewards to friends or family members, but that’s a bit trickier.

• Buy gift cards with a bonus rewards card.

  Some credit cards offer bonus rewards on groceries. That would create the opportunity to buy general-purpose gift cards – like Visa gift cards, which can be used anywhere. There are fees for buying card-network gift cards, depending on the value of the gift card.

• Try peer-to-peer lending.

  Peer-to-peer lending is exactly what it sounds like: lending money to your peers. Essentially, you finance someone else’s personal loan and get paid back with interest. One of the reasons people take out personal loans is to refinance credit card debt. If you become a lender on a peer-to-peer lending site (such as LendingClub), you can give money to people who are looking to pay off credit card bills, and then personally reap the rewards of their interest payments.

  However, this is really only worthwhile if you have extra money you don’t need at the moment and are willing to get repaid over the course of months or years. There’s also some risk your loan won’t ever be paid back in full.

Using credit cards strategically provides unique opportunities for cardholders to make money. For example, applying for a new card with a signup bonus during a time when you’ll be making large purchases can put extra money in your pocket without much effort.

However, using a credit card irresponsibly just to earn more rewards won’t be worth it. If you don’t pay your credit card bill in full each month, high interest rates will quickly eat away at your earnings. And if you start missing payments, your credit score will suffer.