How do you get guaranteed credit card approval and a high limit?

To get a high limit credit card, you will need good or excellent credit and proof that you can afford a high spending limit, as your income, assets and existing debt obligations will be taken into consideration. Picking the right credit card goes a long way, too.

How to Get Approved for a High Limit Credit Card… read full answer

Apply for a credit card with a high starting limit

Top-notch credit cards such as the Chase Sapphire Preferred® Card typically offer credit limits starting at $5,000 to $10,000. You may find minimum starting credit limits listed in some cards’ terms and conditions. In other cases, you might be able to get some information from cardholder reviews.

Improve your credit score

High limit credit cards typically require good or excellent credit. Before you apply for a high limit credit card, you should check your credit score to gauge your approval odds.

If you’re unlikely to qualify based on your score, you will need to add positive information to your credit report by catching up on any past-due bills and maintaining a steady history of on-time payments, among other things. Once you’ve established a strong credit profile, you can then target credit cards known for their high initial credit limits.

Increase your income and reduce your debt

The higher your income is, the better chance you have of getting a new card with a high initial credit limit. Similarly, reducing your debt boosts your odds.

You might therefore want to consider increasing your income through a second job, investments, or even a new job with a higher starting salary. Also, if your income goes up in the future, be sure to update your credit card’s issuer, as this could help get you a higher credit limit.

Get a credit limit increase

Some credit card issuers may automatically review your account for a credit limit increase every 6 to 12 months. You can also request a credit limit increase, either online or by calling the issuer’s customer service department.

Not all issuers will give automatic increases, and there’s no guarantee the issuers that do provide them will automatically bump up your credit limit. However, requesting a credit limit increase on your own may result in a hard inquiry, which could hurt your credit score.

One of the easiest high limit credit card to get is the Chase Sapphire Preferred® Card because its starting credit limit is $5,000 and you need at least good credit for approval. Chase Sapphire Preferred does have an annual fee of $95. A credit card’s accessibility will vary based on applicants’ creditworthiness, so if you’re looking for a card with lower costs and a lower entry bar, secured credit cards such as the … read full answerDiscover it® Secured Credit Card and U.S. Bank Secured Visa® Card offer credit limits starting from $200 and $300, respectively.

Here are the easiest high limit credit cards you can get:

• For good credit and better – Chase Sapphire Preferred: $5,000 minimum credit limit. $95 annual fee.
• For fair credit and limited – Petal® 2 Visa® Credit Card: $300 - $10,000 credit limits, depending on creditworthiness. $0 annual fee.
• For bad credit – Credit One Bank® Platinum Visa® for Rebuilding Credit: $300 minimum credit limit. $75 intro 1st yr, $99 after annual fee.
• High limit secured – U.S. Bank Secured Visa® Card: Your refundable security deposit will set your credit limit between $300 and $5,000. Available to applicants with bad credit or better.

Your credit limit will be primarily set by your creditworthiness. So if you think your options are limited by your credit history, best to aim for a secured credit card as the deposit you put down will generally act as your credit limit. The highest unsecured credit limit you’ll get with bad credit is likely to be around $300. It’s just a question of how much will get used up by initial fees. The U.S. Bank Secured Visa® Card features a $0 for instance.

That said, only some credit cards list their minimum credit limits in the terms and conditions. And your actual credit limit could be higher than what’s listed, depending on your personal creditworthiness. But no matter what your credit standing is, getting a high limit credit card will get easier as your credit score improves.