The best high limit credit card for bad credit is the Bank of America® Customized Cash Rewards Secured Credit Card ($300+ limit). “High limits” for bad credit will be very different from high limits for better credit scores, though. Most people with high credit scores looking for high-limit credit cards want $10,000+. That’s not going to be possible with credit cards for bad credit, unless you place a deposit of $10,000+ too.
You can aim for a limit of a few hundred dollars with poor credit. But just getting approved usually is the biggest priority for people with bad scores.
Best High Limit Credit Cards for Bad Credit
The Bank of America Custom Cash Secured Card minimum credit limit is $300+. However, this is a secured credit card, so you need to put down a deposit of at least $300, which equals your credit limit. The card offers 1 - 3% cash back on purchases and has a $0 annual fee.
The Surge Credit Card credit limit is $300-$1,000. The Surge Credit Card's potential for a high starting credit limit is perhaps its most appealing feature. However, it all depends on your overall creditworthiness when you apply. Plus, cardholders have the opportunity to double their credit limit after the first 6 on-time monthly minimum payments. The card does not offer rewards.
The Sable Credit Card credit limit is $10-$10,000. There’s no minimum deposit required, but your spending limit equals the amount of your deposit. So, you’ll need to put something down for the card to work. The card also offers 2% cash back at Amazon, Netflix, Hulu, Uber, Uber Eats, Spotify, and Whole Foods, and 1% cash back on all other purchases.
With secured cards, you have to put down a security deposit. This deposit then acts as your credit line. Secured credit cards are a popular choice for individuals with bad credit since it’s easy to get approved. In addition to easier approval, secured cards usually have lower fees as well.
In general, you likely won’t get a very high credit limit with bad credit. However, these cards are a great place to start and you can always request a credit limit increase once you’ve had your account open for at least six months.
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