What are the best high limit credit cards for average credit?

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

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.

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.