Are there any high limit credit cards for average credit?

Question

A high credit limit is a limit of $5,000 or more. For high credit limits, you’ll need good-to-excellent credit, high income and low existing debt, if any. If you have good credit, you should have high odds of getting approved for a credit limit around $5,000. With excellent credit, you may get a limit of more than $10,000. A high credit limit is good because using up most or all of your credit card’s limit is bad for your credit standing.... read full answer

One of the highest-limit credit cards is the Chase Sapphire Reserve® card. If approved for the card, you’ll receive a credit limit of at least $10,000, and some cardholders with excellent credit and high incomes have reported receiving limits that were several times the minimum. High-limit credit cards also often come with some of the best rewards and bonuses, as is the case with Chase Sapphire Reserve.

Best Credit Cards with High Credit Limits:

Overall: Chase Sapphire Reserve®Chase Sapphire Reserve®Learn MoreLearn Moreon issuer's website
Ongoing Rewards: Chase Sapphire Preferred® CardChase Sapphire Preferred® CardLearn MoreLearn Moreon issuer's website
Rates & Fees0% Intro APR: Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website
Business: Ink Business Preferred® Credit CardInk Business Preferred® Credit CardLearn MoreLearn Moreon issuer's website

If you’re looking for a new high limit credit card, there are plenty of excellent offers. If you’d like a higher credit limit on your current card, requesting a credit limit increase is a simple and straightforward process.

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Answer 1 · 2022-10-07 19:11:29

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John S Kiernan, Managing Editor

@John • 10/07/22 This answer was first published on 06/04/18 and it was last updated on 10/07/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The best high limit credit card for average credit is the Upgrade Cash Rewards Visa® because it offers a credit limit of $500-$25,000, depending on your overall creditworthiness when you apply. The Upgrade Credit Card also has a $0 annual fee, accepts applicants with fair credit, and offers solid rewards. Cardholders earn 1.5% cash back on purchases.

High Limit Credit Cards for Average Credit

Overall: Upgrade Cash Rewards Visa®Upgrade Cash Rewards Visa®Learn MoreLearn Moreon issuer's website
Limited-to-Fair Credit: Petal® 2 Visa® Credit CardPetal® 2 Visa® Credit CardLearn MoreLearn Moreon issuer's website
Rewards With Select Merchants: Petal® 1 Visa® Credit CardPetal® 1 Visa® Credit CardLearn MoreLearn Moreon issuer's website
Shopping: Fingerhut Credit AccountFingerhut Credit AccountLearn MoreLearn More
Home, Auto & Health: Upgrade Triple Cash Rewards Visa®Upgrade Triple Cash Rewards Visa®Learn MoreLearn Moreon issuer's website
Flat Rewards Rate: Credit One Bank American Express® CardCredit One Bank American Express® CardLearn MoreLearn More

People with average credit typically don’t have many options when it comes to high-limit credit cards, unfortunately. Credit cards for people with average credit tend to have fairly low credit limits – usually somewhere between $300 and $2,000. That’s because most people with average, or fair, credit have relatively short credit histories and/or red flags on their credit reports. Without a long track record of responsible use, issuers generally won’t feel comfortable lending you significant sums of money.

It is difficult to determine what your exact credit limit will be in advance, however. In the case of unsecured credit cards, the credit line will be determined by a review of your credit history, income and debt, and will be disclosed when you are approved. You generally won’t be able to qualify for a credit limit increase until you’ve paid at least six consecutive monthly bills on time, or unless your credit standing and income have improved a lot since you applied.

If you need a higher spending limit to accommodate a particular expense, a secured credit card always is an option. Secured cards require you to place a refundable security deposit, the amount of which typically serves as your spending limit. So you can increase your limit simply by adding to your deposit. You just won’t be borrowing any money, which means a secured card won’t help with emergency expenses you can’t already afford.

Answer 2 · 2018-08-13 20:14:07

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Yanna Greggs, Member

@yanna_greggs • 08/13/18 This answer was first published on 08/13/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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There are about half a dozen you can find, but the best are: the Capital One QuicksilverOne Cash Rewards with a great cash back rate, or the Discover it Miles, of you're a traveler.

Are there any high limit credit cards for average credit?

John S Kiernan, Managing Editor

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Yanna Greggs, Member

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