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 60,000 points worth $625.
The best credit card with a $10,000 limit is Chase Sapphire Reserve. Everyone who is approved gets at least a $10,000 starting limit. Sapphire Reserve has a lot of good perks, too, starting with a $750 initial bonus. Reserve also gives 3 points per $1 spent on travel and dining (1 on all other purchases), a $300 annual travel credit, and free airport lounge membership. But the card is expensive. The annual fee is $450, and you need excellent credit to qualify.
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 $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.
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 $0 for 1st yr, $95 after annual fee that’s waived the first year. 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.
Guaranteed approval credit cards with $10,000 limits for bad credit don’t really exist. A secured credit card that allows you to place a very sizable deposit is the closest thing you’ll find. For example, the Wells Fargo Secured Credit Card allows you to put down as much as $10,000 and offers nearly guaranteed approval. But your spending limit equals the amount of your deposit, so it won’t help you buy something that you can’t already afford in cash.… read full answer
There are a couple of important reasons why guaranteed approval credit cards with $10,000 limits for bad credit are not available. For starters, no credit card offers 100% guaranteed approval. There’s always some sort of minimum eligibility requirement that you must meet. That’s even true with secured credit cards.
Furthermore, credit cards for people with bad credit tend to have spending limits that are far below $10,000. Most unsecured cards for bad credit give you a starting limit of around $300, and fees eat into a lot of that early on. So if you have bad credit, you’re not going to find a credit card capable of financing a big-ticket purchase.
At the end of the day, getting a credit card with a specific spending limit should not be your top priority when you have bad credit. You’re unlikely to get an unsecured card with a $10,000 limit until you have excellent credit. So rebuilding your credit as inexpensively as possible is the best approach in the long run. Above all else, that means getting approved for a credit card as quickly as possible and paying your bill on time every month.
To help point you in the right direction, WalletHub’s editors compared dozens of credit cards for bad credit and picked their favorites.
Here are some nearly-guaranteed approval credit cards for bad credit with high limits:
Discover it® Secured: $200+ limit (same as deposit amount)
These offers are among WalletHub’s picks for the best secured credit cards. They all can make shopping more convenient. And as long as you pay your monthly bills on time, they’ll help you improve your credit score. If you’d like some tips for how to speed up the credit-rebuilding process, you can get personalized credit-improvement advice by signing up for a free WalletHub account.
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