What is a high credit card limit?

Yes, a $20,000 credit limit is good, as it is above the national average. The average credit card limit overall is around $13,000, and people who have higher limits than that typically have good to excellent credit, a high income and little to no existing debt.

Best High Limit Credit Cards

You should keep in mind that even if you get a high limit credit card, your credit limit can still go up over time. After six...

A $10,000 credit limit is good if you have fair to good credit, as it is well above the lowest limits on the market but still far below the highest. The average credit card limit overall is around $13,000. You typically need good or excellent credit, a high income and little to no existing debt to get a limit that high.

Best High Limit Credit Cards

High limit credit cards tend to be available to people with...

The best credit card that is rumored to have a $100,000 credit limit is the Chase Sapphire Preferred card. While Chase does not publicly disclose the highest credit line available for the card, there are online reports of people getting around $100,000 in spending power, or even more. The Chase Sapphire Preferred card also offers 1 - 5 points per $1 spent on purchases and gives new cardholders 75,000 points for spending $5,000 on purchases in the first 3 months.

It's important to remember that the Chase Sapphire Preferred card only guarantees a minimum credit line...