Can I get a credit card with a $5,000 limit? This question is about High Limit Credit Cards

Yes, it’s possible to get a credit card with a $5,000 limit, especially if you have good to excellent credit. You will typically need a high income and little to no existing debt to get a limit that high, too. But even if your credit score is at the low end, there still is a possibility to get a $5,000 limit. In this case, you will probably have to apply for a secured credit card that allows you to deposit $5,000. The deposit usually acts as your spending limit, which prevents you from spending more than you can afford to repay. Notable Credit Cards that May Give You a $5,000 Limit High Rewards Rate: Chase Sapphire Preferred® CardChase Sapphire Preferred® CardLearn MoreLearn Moreon issuer's websiteNo Annual Fee: Chase Freedom Unlimited®Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's websiteRates & FeesIntro APR: Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's websiteBad Credit: U.S. Bank Altitude® Go Visa® Secured CardU.S. Bank Altitude® Go Visa® Secured CardLearn MoreLearn More It's worth noting that a $5,000 limit is well above the lowest limits on the market but still far below the highest. For example, the average credit card limit in the U.S. is around $13,000. If you don’t manage to get a card with a $5,000 limit, though, getting a credit card with a relatively low credit limit instead is still helpful. As long as you use your account responsibly, you will improve your credit score and eventually qualify for a high limit credit card. Alternatively, after six months or more of on-time payments, you can generally ask for a credit limit increase.

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Can I get a credit card with a $5,000 limit?

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This question is about High Limit Credit Cards

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Maria Adams, Credit Cards Moderator

@m_adams • 03/15/23 This answer was first published on 03/15/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, it’s possible to get a credit card with a $5,000 limit, especially if you have good to excellent credit. You will typically need a high income and little to no existing debt to get a limit that high, too.

But even if your credit score is at the low end, there still is a possibility to get a $5,000 limit. In this case, you will probably have to apply for a secured credit card that allows you to deposit $5,000. The deposit usually acts as your spending limit, which prevents you from spending more than you can afford to repay.

Notable Credit Cards that May Give You a $5,000 Limit

High Rewards Rate: Chase Sapphire Preferred® CardChase Sapphire Preferred® CardLearn MoreLearn Moreon issuer's website
No Annual Fee: Chase Freedom Unlimited®Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
Rates & FeesIntro APR: Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website
Bad Credit: U.S. Bank Altitude® Go Visa® Secured CardU.S. Bank Altitude® Go Visa® Secured CardLearn MoreLearn More

It's worth noting that a $5,000 limit is well above the lowest limits on the market but still far below the highest. For example, the average credit card limit in the U.S. is around $13,000.

If you don’t manage to get a card with a $5,000 limit, though, getting a credit card with a relatively low credit limit instead is still helpful. As long as you use your account responsibly, you will improve your credit score and eventually qualify for a high limit credit card. Alternatively, after six months or more of on-time payments, you can generally ask for a credit limit increase.

Answer Question

What are the best guaranteed approval credit cards with $5,000 limits?

The best guaranteed approval credit card with a $5,000 credit limit is the U.S. Bank Altitude® Go Visa® Secured Card. New cardholders can place a refundable security deposit of up to $5,000 for a credit limit equal to the amount they put down. The U.S. Bank Altitude® Go Visa® Secured Card also gives 1 - 4 points per $1 spent on purchases, and it has a $0 annual fee.

Your chances for a $5,000 limit credit card with guaranteed approval are best if you apply for a secured credit card that...

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Is a $5,000 credit limit good?

A $5,000 credit limit is good if you have fair to good credit, as it is well above the lowest limits on the market but still far below the highest. The average credit card limit overall is around $13,000. You typically need good or excellent credit, a high income and little to no existing debt to get a limit that high.

Best High Limit Credit Cards

Best Overall: Chase Sapphire Preferred® CardChase Sapphire Preferred® CardLearn MoreLearn Moreon issuer's website
Highest Limit: Chase Sapphire Reserve®Chase Sapphire Reserve®Learn MoreLearn Moreon issuer's website
No Annual Fee: Chase Freedom Unlimited®Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
Rates & FeesCash Back: Citi® Double Cash Card – 18 month BT offerCiti® Double Cash Card – 18 month BT offerLearn MoreLearn Moreon issuer's website
Rates & FeesLow Intro APR: Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website

High limit credit cards tend to be available to people with...

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What is a good credit limit?

A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt.

What qualifies as a good credit limit differs from person to person, though. For someone with no credit, for example, a $500 credit limit is good because most beginner credit cards start off with...

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