What's the Capital One Platinum credit limit?

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 a World Elite Mastercard, so the minimum credit limit is $5000. If you're not confident you'll be approved for that high a limit, the SavorOne is a Platinum Mastercard with a minimum $1000 limit and no annual fee. The benefits aren't quite as good, but they aren't bad.

Your account is automatically considered for a higher credit limit based on your credit score and payment history with Credit One Bank. But you can also simply request an increase yourself.

To do so, sign into your online account at https://www.creditonebank.com and select “Settings” from the site menu. Then press the “Credit Line Increase” button and follow the steps from there. Just bear in mind that you are unlikely to get approved if you haven’t consistently paid your monthly bills on time.… read full answer

Requesting a higher limit can also trigger a hard inquiry into your credit history, which temporarily hurts your credit score. You can learn more about requesting a credit-limit increase here: http://wallethub.com/edu/how-to-increase-credit-limit/25857/. Please let us know if you have any other questions.