Maria Adams, Credit Cards Moderator
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.
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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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