If you don’t have at least good credit, you’re not likely to get an unsecured credit card with a $2,000 limit. You’ll need to open a secured credit card account and place a $2,000 deposit to get that kind of spending power. The amount of your credit limit is equal to the amount of your deposit. But watch out because secured cards cap the maximum amount you can deposit. Discover it Secured allows deposits up to $2,500, while the OpenSky Secured Visa allows up to $3,000. For an even higher limit, you can deposit up to $10,000 with the Wells Fargo Secured Visa card.
Credit cards such as Capital One Venture Rewards and Chase Sapphire Preferred guarantee more than a $2,000 limit to applicants who qualify. Both cards have minimum credit limits of $5,000. So if you have good to excellent credit and are approved, you’ll get much more than a $2,000 limit.
Some other cards could give you $2,000 credit limits even though they don’t guarantee it. For example, the Wells Fargo Platinum Visa offers a starting credit limit of $1,000. And the Chase Slate and Citi Double Cash cards each start out with $500 minimum limits. All three cards require good credit or better to qualify. The better your credit is and the more income you have left over after your existing debt obligations are subtracted, the more likely you are to secure a sizeable credit limit.
The highest credit card limit 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 – and the highest minimum you’ll find is around $10,000.
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.… read full answer
Some of the highest credit card limits right now are:
Chase Sapphire Reserve: $10,000+. You’re guaranteed a credit limit of at least $10,000 with this card, but it comes with a $550 annual fee and requires excellent credit. If you’re a high spender, though, the points you’ll rack up can be well worth it.
Chase Sapphire Preferred: $5,000+. You’ll get at least a $5,000 credit limit with this card, and some people report a high limit of $100,000. The annual fee is $95.
Capital One Venture: $5,000+. This card has a $5,000 minimum limit. It requires good credit and charges a $95 annual fee. And it gives excellent value on travel rewards.
Discover it for Students: $500+. 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.
Wells Fargo Secured: up to $10,000. This card accepts a refundable security deposit of as much as $10,000. The amount you put down will serve as your credit line.
Amex Platinum: No Pre-Set Spending Limit. The Amex Platinum Card has no pre-set spending limit, which means your limit will depend on your monthly spending habits and could change from month to month. But some Amex Platinum cardholders say they start out with a limit of about $2,500 that then adjusts with their spending habits. The annual fee is $550, and you need good credit or better to get approved.
Amex Gold: No Pre-Set Spending Limit. This is another NPSL card, meaning your credit limit on this card will adapt to how you use it. Many cardholders report spending limits of $5,000-$10,000. Some cardholders report starting limits as low as $2,000, which rise and fall with your monthly spending. Amex Gold requires at least good credit and charges an annual fee of $250.
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.
Credit limits are based largely on your income and credit history. So the more money you make and the better your credit is, the higher the credit limit you can expect. It’s possible to get a $10,000 limit on many credit cards, but finding cards with definite $10,000 minimums is difficult. On that note, you might want to consider the Capital One Venture Rewards card. It’s one of the best travel cards on the market and you only need good credit to get it. The minimum credit limit is $5,000. But plenty of people say they have limits of $10,000 or more. And even if you don’t get $10,000 to start, it’s hard to say no to 2 miles for every dollar you spend and a 50,000 miles bonus. Another alternative is Chase Sapphire Preferred. The lowest limit you’ll get on it is $5,000. But it’s definitely possible to get limits of $10,000+. You get double points on travel and dining, plus a bonus of 80,000 points worth $1,000. … read full answer
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