Yes a $10,000 credit limit is good for a credit card. Most credit card offers have much lower minimum credit limits than that, since $10,000 credit limits are generally for people with excellent credit scores and high income.
Your credit score is not the only factor that's taken into consideration when a lender determines your credit limit. Your income, assets and existing debt all contribute to this decision.
If you need suggestions for high limit credit cards, click here.
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 50,000 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.
A high credit limit is a limit of $5,000 or more. For high credit limits, you’ll need good-to-excellent credit, high income and little existing debt, if any. If you have good credit, you should have high odds of getting approved for a credit limit around $5,000. With excellent credit, you may get a limit of more than $10,000. A high credit limit is good because using up most or all of your credit card’s limit is bad for your credit standing.… read full answer
One of the highest-limit credit cards is the Chase Sapphire Reserve® card. If approved for the card, you’ll receive a credit limit of at least $10,000, and some cardholders with excellent credit and high incomes have reported receiving limits that were several times the minimum. High-limit credit cards also often come with some of the best rewards and bonuses, as is the case with Chase Sapphire Reserve.
The highest credit card limit is over $100,000 according to anecdotes from credit card holders. But like most credit cards in general, even the highest-limit credit cards will only list minimum spending limits in their terms – and the highest minimum you’ll find is around $10,000.
In order to get $100,000+ in spending power, you need a lot of assets and income, little debt, and a spotless credit history. Let’s look at some of the most popular offers with high floors and, hopefully, even higher ceilings so you can see for yourself.… read full answer
Here are some of the highest credit card limits right now:
You’re guaranteed a credit limit of at least $10,000 with this card, but it comes with a $550 annual fee and requires excellent credit. If you’re a high spender, though, the points you’ll rack up can be well worth it.
American Express Platinum card has no pre-set spending limit, which means your limit is flexible, will depend on your monthly spending habits and could change from month to month. The annual fee is $695, and you need good credit or better to get approved.
Students can look forward to a limit of at least $500. That’s pretty good for a first card when you have limited credit. The annual fee is $0.
Again, keep in mind that most credit cards only disclose minimum credit limits, if that. So, your limit could be a lot higher based on your creditworthiness.
In order to have a better chance of getting the highest credit card limit possible in your situation, you should make sure to always pay bills on time, use 30% or less of your available credit, pay down your debts, save money for the future, and otherwise make good financial decisions.
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