Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
The best high-limit credit card for excellent credit is the Chase Sapphire Reserve® because new cardholders start with a credit limit of $10,000 or more. The stronger your credit profile is, the more likely you are to get a credit limit higher than $10,000.
Chase Sapphire Reserve also has a bonus of 125,000 points for spending $6,000 in the first 3 months. In addition, cardholders can earn 1 - 8 points per $1 spent on purchases. The annual fee is $795.
Best High-Limit Credit Cards for Excellent Credit
Minimum Credit Limit: $10,000
Initial Bonus: 125,000 points for spending $6,000 in the first 3 months
Ongoing Rewards: 8 points per $1 spent on purchases made through Chase Travel℠ (including The Edit℠), 4 points per $1 on direct bookings with airlines and hotels, 3 points per $1 on dining, and 1 point per $1 on all other purchases
Annual Fee: $795
Credit Score: Excellent
Minimum Credit Limit: $10,000
Initial Bonus: 75,000 points after spending $5,000 in purchases in the first 90 days
Ongoing Rewards: 2 points per dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases
Annual Fee: $550
Credit Score: Excellent
Minimum Credit Limit: $5,000
Initial Bonus: 75,000 points for spending $5,000 on purchases in the first 3 months
Ongoing Rewards: 5 points per $1 spent on travel purchased through Chase Travel℠, 2 points per $1 on all other travel purchases, 3 points per $1 on dining and online grocery purchases, 3 points per $1 on select streaming services, and 1 point per $1 on all other purchases
Annual Fee: $95
Credit Score: Good
Minimum Credit Limit: $1,000
Initial Bonus: N/A
Ongoing Rewards: N/A
Annual Fee: $0
Credit Score: Good
Minimum Credit Limit: $15,000
Initial Bonus: 90,000 miles for spending $5,000 in the first 3 months
Ongoing Rewards: 4 miles per $1 spent with United, 2 miles per $1 spent on all other travel and dining, and 1 mile per $1 spent on all other purchases
Annual Fee: $695
Credit Score: Excellent
Minimum Credit Limit: $10,000
Initial Bonus: $1,000 for spending $10,000 in the first 3 months
Ongoing Rewards: 5% cash back on travel through Chase, 2.5% back on every purchase totaling at least $5,000, as well as 2% back on all other purchases
Annual Fee: $195
Credit Score: Good
Alternatively, you could consider charge cards as they generally either have higher spending limits than regular credit cards, or don’t have don’t have preset spending limits at all. But they do require you to pay your balance in full every month and attract considerable late fees if you fail to do so.
Keep in mind that not all issuers list their minimum credit limits in their terms and conditions. Your credit limit could be higher than the minimum listed, based on your creditworthiness and other factors including employment, housing information and debt. Users report credit limits upward of $100,000 for some of these cards, but such claims are anecdotal, so you can’t count on a limit that high. That’s one reason why you shouldn’t apply for cards just for the highest possible credit limits. Instead, assess all of a card’s features and any fees it may charge to find the right fit.
Chip Lupo, Credit Card Writer
@CLoop
The term “high limit” is relative. A high-limit credit card for excellent credit generally means a limit of $5,000 and above. However, a high limit for someone with fair or limited credit will be significantly less than for someone with excellent credit. And even if you have excellent credit, there’s no guarantee you’ll land a credit limit above a card’s minimum. Factors such as income, employment, housing information and existing debt, along with the specifics of your credit history, ultimately determine if you can reasonably afford a high-limit credit card.
People also ask
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The best credit card with a $10,000 limit is the Chase Sapphire Reserve® card because it offers a minimum credit limit of $10,000 along with elite travel rewards and benefits. Chase Sapphire Reserve is a particularly good option for big spenders with excellent credit. It has a $795 annual fee, but if you're a frequent traveler, rewards can help offset this cost.
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The best credit card for a $20,000 credit limit is the Chase Sapphire Reserve card because it offers 1 - 8 points per $1 spent on purchases. The Chase Sapphire Reserve card only guarantees a minimum credit limit of $10,000, though cardholder reports indicate a limit of $20,000 is possible.
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