High Limit Credit Cards

The highest credit card limit possible isn’t public knowledge. Some people have reported limits of $100,000+. But in order to get that kind of spending power, you’d have to have a ton of assets and income, along with spotless credit. Most credit card issuers don’t disclose a maximum credit limit for their cards, so it’s hard to say for any individual card. But many companies do share their cards’ minimum credit limits, and some cards definitely have higher minimum limits than others. For example, one credit card that requires good credit for approval might have a $5,000+ credit limit, while another offers just $500+. Similarly, you’ll find limits ranging from $500+ to $10,000+ among cards that require excellent credit. Let’s look at some of the most popular offers with high floors and, hopefully, even higher ceilings.

Here are some of the highest credit card limits:

• High Overall Minimum: Chase Sapphire Reserve – You’re guaranteed a credit limit of at least $10,000 with this card, but it comes with a $450 annual fee and requires excellent credit. If you’re a high spender, though, the points you’ll rack up can be well worth it.
• High Travel Minimum: Capital One Venture – This card has a $5,000 minimum limit. It requires good credit and charges a $95 annual fee that’s waived the first year. And it gives excellent value on travel rewards.
• High Student Minimum: Discover it for Students– Students can look forward to a limit of at least $500. That’s pretty good for a first card when you have little to no credit history.
• High Bad Credit Maximum – Wells Fargo Secured: This card accepts a refundable security deposit of as much as $10,000, which will serve as your credit line.

Again, keep in mind that with the exception of Wells Fargo Secured, these are all minimum credit limits. So your limit could be a lot higher based on your creditworthiness. In order to have a better chance of getting a high limit, you should make sure to always pay 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.

The Chase Slate credit limit is at least $500 and can be more, depending on how good your credit is. Chase doesn’t disclose a maximum credit limit, but you’re always guaranteed a minimum of $500 if you’re approved. And if you’re planning to transfer a balance to Chase Slate to take advantage of its 0% APR, the amount you transfer can’t exceed your credit limit (or $15,000, if your limit is higher than that). If the limit you’re approved for is less than the transfer amount you requested on your application, Chase will send a letter notifying you of the discrepancy. You can choose to transfer a lesser amount, ask Chase to reconsider your limit, or not open an account after all.  

People in the community have reported getting a range of credit limits, but you should take these with a grain of salt because Chase Slate credit limits are based on an individual’s credit history and income, among other things.

Here’s what some people say about the Chase Slate credit limit:

• @mefordogs: “I have had a Chase SLATE card for several years now. They gave me a $1,200 limit. They've never raised (nor lowered!) my limit.”
• @lauren.elizabeth.94695: “My first Chase card was the Chase Slate card when I didn't have great credit. I was surprisingly accepted but the credit limit I began with was only $1000…”
• @NSPUS.corp: “I APPLIED AND RECEIVED THE CARD WITH $500 CREDIT LIMIT (MY CREDIT SCORE 760)…”
• @chip.song: “I started with a very good credit limit of $1500 and I was able to build that up year by year.”

So as you can see, different people get different starting Chase Slate credit limits. But over time, that limit can increase. Chase periodically reviews accounts for higher limits, and you can always call customer service and ask for one. In order to get bigger credit limits in general, you should work to improve your credit score, maximize your income and reduce debts.

Potential credit score damage is the most serious concern resulting from going over your credit limit, as credit utilization – the ratio of your available credit and your consumed credit – accounts for about 15% of your overall score.

Other than this, going over your credit limit could result in over-the-limit fees, a decrease in your credit limit, or other penalties imposed by the credit card provider since this can be regarded as poor credit management and high lending risk.

You can find out more about the effects of using all your available credit here.

​Your Citi Simplicity credit limit will be at least $500, if you get approved. That’s the minimum limit listed in Simplicity’s terms and conditions. They don’t disclose a maximum, but you could definitely get a lot more. It all depends on your credit, income and debt.  

For example, this comment from @jloughman1 has to give you some hope: “Great card and got a low rate!!! High credit line of $40000 too!!” And even though this other commenter (@engadget_hd) had a somewhat negative experience, he did get a $2K+ Citi Simplicity credit limit:

“When I first applied for the card they only offered me a two thousand dollar credit limit. This seemed pretty useless to me since the Capital One card I already have, has a much higher limit and it wouldn't allow me to transfer my balance. After about a week of conversations with the their customer service and reaching out to higher level customer service members, I was finally able to reach someone that could assist in raising my credit limit.”

There could be a lesson in there about negotiating for a higher limit, too. And that’s not the only thing you can do to boost your chances of getting a larger line of credit.

Here are some tips for getting a higher Citi Simplicity credit limit:

1. Watch your utilization. If you already have a credit card, try to use just a fraction of your available credit. Most sources say the magic number is around 30% or less. This will show Citi you’re not desperate.

2. Make more & spend less. Income and assets are a high credit limit’s friends. Lots of existing debt is not.

3. Wait if you need to. Citi Simplicity requires good credit for approval, for one thing. So if you need some time to get your financial house in order before applying, take it.

If you get the Citi Simplicity card but not the credit limit you want, don’t worry too much. You can always ask for an increase later on. I’d wait at least 6 months, assuming you pay your bills on time.

Credit cards for people with average credit tend to have fairly low credit limits – usually somewhere between $300 and $2,000. That’s because most people with average, or fair, credit have relatively short credit histories and/or red flags on their credit reports. Without a long track record of responsible use, issuers generally won’t feel comfortable lending you significant sums of money.

But it is difficult to determine what your exact credit limit will be in advance. In the case of unsecured credit cards, the credit line will be determined by a review of your creditworthiness, income and debt, and will be disclosed when you are approved. You generally won’t be able to qualify for a credit limit increase until you’ve paid at least six consecutive monthly bills on time, or unless your credit standing and income have improved a lot since you applied.

If you need a higher spending limit to accommodate a particular expense, a secured credit card always is an option. Secured cards require you to place a refundable security deposit, the amount of which typically serves as your spending limit. So you can increase your limit simply by adding to your deposit. You just won’t be borrowing any money, which means a secured card won’t help with emergency expenses you can’t already afford.