Maria Adams, Credit Cards Moderator
@m_adams
The best high limit secured credit card is the NIH Federal Credit Union Platinum Secured Card because you can get a limit of up to $25,000 with a matching security deposit and there’s no annual fee. Plus, anyone can qualify for credit union membership by joining the American Consumer Council for free. You need bad credit to qualify for the card.
Best High Limit Secured Credit Cards
At the end of the day, there are plenty of secured credit cards that can give you a high limit. Just keep in mind that you’ll have to deposit as much as you want credit limit-wise. But the deposit is fully refundable when you close the card with a $0 balance.
Popular Secured Credit Cards from Our Partners
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No Credit Check
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Partially Secured
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Rewards
Andrew Young, Member
@a_young_1984
I think some people forget that a high limit with a secured card means you need to place a high deposit. I’d rather keep it low and use the card to build credit without making a lot of purchases.
Victoria Price, Member
@vic_price
Bank of America lets you put down up to 5K. That’s pretty good.
Harper Walker, Member
@harperw1
Honestly, I’d just pick the best card based on rewards and then pay your bill multiple times per month to make room for everyday purchases.
People also ask
What is a high credit card limit?
A high credit limit is $5,000 to $10,000 or more. You generally need good credit or better to get a credit card with a minimum limit this high, and most other credit cards will only guarantee a fraction of that spending power to start with. For example, the most creditworthy applicants can get a Visa Infinite card with a $10,000+ limit, while others might get just $500 from a traditional Visa.
One of the...
read full answer by Chip Lupo, Credit Card WriterWhat are the best credit cards with a $5,000 credit limit?
The best credit card with a $5,000 credit limit is the Chase Sapphire Preferred. The card offers 1 - 5 points per $1 spent on purchases and gives new cardholders an initial bonus of 75,000 points for spending $5,000 on purchases in the first 3 months.
This card is typically available to people with good credit or better. Credit cards with $5,000 credit limits are generally offered to those with good or excellent credit.
Best Credit Cards with a $5,000 Credit Limit
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It's important to remember that a...
read full answer by Christie Matherne, Credit Card WriterWill a secured credit card increase my limit?
Yes, a secured credit card will increase your limit under certain conditions. For instance, you can add funds to your security deposit to raise your credit limit, subject to approval from the issuer. Plus, with some cards, if you make several consecutive timely payments, the issuer may increase your limit without an additional deposit.
With a secured credit card, your credit limit is determined by the amount of your security deposit. As these cards are designed...
read full answer by Paddy Sullivan, WalletHub Credit Card AnalystDid we answer your question?
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