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 60,000 points for spending $4,000 in the first 3 months. But it charges an annual fee of $550 too.
Here are some of the best high-limit credit cards for excellent credit:
Best Overall – Chase Sapphire Reserve: $10,000 minimum credit limit. 60,000 points for spending $4,000 in the first 3 months. $550 annual fee. Excellent credit required.
Best for travel with added versatility - Chase Sapphire Preferred: $5,000 minimum credit limit. 60,000 points for spending $4,000 in the first 3 months. 5 points per $1 spent on travel purchased through Chase, 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. $95 annual fee. Good credit or better required.
Best for cash back – Citi® Double Cash Card – 18 month BT offer: $500 minimum credit limit. 2% cash back on every purchase – half when you make a purchase and the other half as you pay for it. $0 annual fee. Good credit required.
Best for financing – Wells Fargo Platinum card: $1,000 minimum credit limit. Introductory purchase APR of 0% for 18 months matched by an introductory APR of 0% for 18 months on qualifying balance transfers, with a 3% intro for 120 days, then up to 5% (min $5). $0 annual fee. Good credit required.
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.
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.
The best credit card with a $10,000 limit is the Chase Sapphire Reserve® card. The minimum credit limit is $10,000, so approved applicants start out with at least that amount. It’s one of the best travel cards on the market and you need excellent credit (a credit score of 750+) for good odds of approval. Chase Sapphire Reserve is an exclusive travel card that offers … read full answertravel credit, 1 - 10 points per $1 on purchases, and a 60,000 bonus points for spending $4,000 in the first 3 months. It does charge a $550 annual fee, but if you're a frequent traveler, its rewards can offset this cost.
Other high limit credit card options
The Chase Sapphire Preferred® Card makes for a good alternative. The lowest limit you’ll get on it is $5,000. But it’s definitely possible to get limits of $10,000+. Chase Sapphire Preferred requires good credit or better (a credit sore of 700+), but other factors such as your income, debt and overall credit situation will also determine your credit limit. You earn 1 - 5 points per $1 on purchases. Plus, new cardholders get a bonus of 60,000 bonus points for spending $4,000 in the first 3 months. And the $95 annual fee makes the Chase Sapphire Preferred more affordable than the more exclusive Chase Sapphire Reserve.
Credit limits are based largely on your income, debt, and credit history. So, the more money you make and the better your credit is, the higher the credit limit you can expect. It’s possible to get a $10,000 limit on many credit cards, but finding cards with definite $10,000 minimums is difficult. Feel free to also check out our editors' picks for the best high limit credit cards and pick one according to your individual needs.
The highest credit limit on a Discover card is not public knowledge, as Discover does not disclose a maximum credit limit for any of its unsecured credit cards. Some Discover cardholders have reportedly been approved for credit limits ranging from $6,500 up to $9,200. These are unconfirmed reports, however.
Discover sets a minimum credit limit of $500 for all of its cards except the Discover it® Secured Credit Card. Its credit limit is determined by the amount of a cardholder’s refundable security deposit, which starts at $200 and could be as high as $2,500.… read full answer
If you are approved for an unsecured Discover card, the information on your application will determine whether you’ll receive a starting credit limit above the $500 minimum. That initial credit limit is not permanent, though. After making at least six consecutive months of on-time payments, Discover cardholders may become eligible for an automatic credit limit increase, though receiving one is not guaranteed. You may also request a credit limit increase, either by logging into your Discover account online or by calling customer service at 1 (800) 347-2683.
There are no credit cards with a guaranteed $20,000 minimum credit limit. However, your best chance at getting a $20,000 limit is with the Chase Sapphire Reserve® card, which has a $10,000 minimum credit limit. If Chase thinks you can handle a limit that’s twice the minimum amount, based on your income and debt, you could be approved for $20k.… read full answer
In general, you could get approved for a credit card with a $20,000 limit if you have excellent credit, a lot of income, and very little debt.
Best Credit Cards with the Possibility of a $20,000 Limit
If you’re not able to get a credit card with a $20,000 limit right away, you can always call your issuer to request a credit limit increase after 6 months. And you can always get more total credit by applying for another credit card, though you should probably wait a year in between.
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