High Limit Credit Cards

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.

Here are some of the highest credit card limits right now:

• Chase Sapphire Reserve®: $10,000+

  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.

• Chase Sapphire Preferred® Card: $5,000+

  You’ll get at least a $5,000 credit limit with this card, and some people report a high limit of $100,000. This card requires good credit and the annual fee is $95.

• Wells Fargo Platinum card: $1,000 minimum

  This card’s minimum credit line is $1,000. It requires good credit and comes with a $0 annual fee.

• The Platinum Card® from American Express: No Pre-Set Spending Limit

  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.

• American Express® Gold Card: No Pre-Set Spending Limit

  This is another NPSL card, meaning your credit limit on this card will adapt to how you use it. Amex Gold card requires at least good credit and charges an annual fee of $250.

• Discover it® Student Cash Back: $500+

  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.

The Capital One Quicksilver credit limit is $1,000 to $10,000, depending on your creditworthiness. If you are approved for the Quicksilver card, the absolute minimum credit line you receive will likely be $1,000, though Capital One does not list a minimum or maximum credit limit in Quicksilver’s terms and conditions. These limits seem to be around $1,000 and $10,000 based on what cardholders report in forums, however.

If you want to aim for a higher credit limit, there are a number of areas you should focus on improving.

Biggest Factors Affecting Capital One Quicksilver Credit Limits

• Your payment history. If you’ve consistently paid your bills on time, creditors will view you as more trustworthy and will be more likely to extend you higher credit lines.
• Income and assets vs. existing debt. The more money you have available for bill payments, the more comfortable a lender will feel.
• Rent or mortgage payments. If these payments take up too much of your monthly income, you’ll have less to spend on credit card bills.

Remember, if you’re approved for the Capital One Quicksilver Credit Card, you’ll probably receive a credit limit of at least $1,000. You need at least good credit to get approved. And the better your credit is, the higher you can expect your spending limit to be.

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, 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, income, and debts among other things.

Ultimately, it is worth noting that Chase Slate is currently not available to new applicants. But for those already having a Chase Slate, it is worth mentioning that, over time, their credit 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.

If you go over your credit limit, your credit card company may add the over-limit amount to your minimum payment, lower your credit line, or even close the account if you’re exceeding the limit too often. Also, your credit score will drop if the balance is still over the limit when reported to the credit bureaus. That said, it’s more likely that the card’s issuer will simply decline any transaction that would result in the balance exceeding the credit limit.

The only time credit card issuers can charge an over-limit fee is when a cardholder has opted in for the ability to exceed their credit limit. Even when you’ve given your credit card company permission to authorize over-limit charges, card issuers can only assess one over-limit fee per billing cycle, and that fee cannot exceed the amount by which the cardholder has gone over the limit. Ever since the CARD Act of 2009, which created these over-limit rules, most card issuers have stopped charging over-limit fees. Instead, they often just decline transactions that would go over your limit.

Finally, don’t forget that credit utilization accounts for about 20% of your overall credit score. You should always be careful not to use your credit card’s full credit limit, since maxing out a card may damage your credit score significantly. To avoid reaching your card’s credit limit, consider paying down your balance more often, applying for a new line of credit, or asking your card’s issuer for a credit limit increase.

To see the credit utilization on each of your credit card accounts and learn how that usage may impact your credit score, create a free WalletHub account online and check out the Credit Score Simulator.

Your Citi Simplicity® Card credit limit will be at least $500 - if you get approved. That’s the minimum limit listed in the card’s terms and conditions, but your maximum credit line could be as high as $100,000. It all depends on your credit history, your income, and any potential debt or liabilities you might have.

Here are some tips for getting a higher Citi Simplicity® Card 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. This credit card 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 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.

The Chase Freedom Flex credit limit is $500 or more. Everyone who gets approved for Chase Freedom Flex is guaranteed a credit limit of at least $500, and especially creditworthy cardholders could get limits a lot higher than that. There are reports of some customers getting a Chase Freedom Flex credit limit of over $18,000. The higher an applicant’s credit score and income are, the higher their starting credit limit is likely to be.

Here’s what you need to know about the Chase Freedom Flex credit limit:

The Chase Freedom Flex credit limit that you start off with isn’t necessarily your limit forever. Chase will routinely evaluate your account to decide whether you deserve a credit limit increase. They will do a harmless soft pull of your credit, and if you meet their standards, they will offer you an increase. Always paying on time and keeping your credit utilization low are key.

You can also ask for a Chase Freedom Flex credit limit increase online or by calling the number on the back of your card. If you ask for an increase, Chase may ask permission to do a hard pull of your credit, which will temporarily lower your credit score. It’s best to only ask for an increase if you’ve paid on time for the last 6 consecutive months and your credit has improved.

The best high limit credit card for average credit is the Jasper Cash Back Mastercard® because it can offer a high credit limit, has a $0 annual fee and accepts applicants with a fair credit score. The Jasper Credit Card offers solid rewards, too.

People with average credit typically don’t have many options when it comes to high-limit credit cards, though. 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.

It is difficult to determine what your exact credit limit will be in advance, however. In the case of unsecured credit cards, the credit line will be determined by a review of your credit history, 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.

Your Chase Sapphire Reserve credit limit will be at least $10,000 but could be a lot higher, depending on how excellent your credit is and how much money you have. Chase Sapphire Reserve’s minimum spending limit is large compared to what most credit cards will give you, even other popular cards for people with excellent credit. Chase Sapphire Preferred® Card's minimum credit limit is $5,000, for example, and Citi Premier® Card gives you at least $2,000.

Like other credit card companies, Chase doesn’t disclose a maximum credit limit, although they might have one that’s kept secret. I’ve seen people claim they received several times the minimum Chase Sapphire Reserve credit limit. But you’ll have to do more than just meet the minimum requirements to get that much money.

Here’s how to get a good Chase Sapphire Reserve credit limit:

1. Keep working on your score. You may get approved for Chase Sapphire Reserve with a excellent (750). The higher your score, the better chance of a high limit. Try aiming for 800+.
2. Raise your income. This is easier said than done for sure. But your income is a huge factor in how big your credit limit is. The more money you’re taking in, the more you can afford to spend. So, try asking for that raise or do some extra work on the side.
3. Try to get an increase. You can call Chase to ask for a credit limit increase if you’ve had your card for at least six months with no late payments. If you ask for an increase, Chase will do a hard pull of your credit to check your eligibility. That will temporarily hurt your score. So, don’t do it right before you apply for another credit card, auto loan or mortgage.

Overall, a $10,000 minimum Chase Sapphire Reserve credit limit isn’t too shabby – not in the least. It’s more than you’re guaranteed on most credit cards. And it’s always possible to get more than that when you apply or to increase your limit later on.

The best way to get a credit card with a $5,000 limit with bad credit is to apply for the Harley-Davidson Secured Card and place a $5,000 security deposit. A secured credit card’s credit limit is equal to the deposit amount. But most secured cards do not allow deposits as high as $5,000. The Harley Card does allow a $5K deposit, and it also has both a $0 annual fee and rewards.

There are a few other secured credit cards with $5,000 limits that you can get with bad credit. Some of your options include the First National and U.S. Bank Secured Visa credit cards. And any of them can help you rebuild your credit and eventually qualify for an unsecured $5,000 credit card limit.

Unless your income is really high, you have no debt, and your financial problems are long behind you, you will not be able to get an unsecured credit card with a $5,000 limit with bad credit. Unsecured cards with $5,000 limits are usually available only to people with good credit. So, you’ll need to start off with a secured card.

Here are the best credit cards you can get with a $5,000 limit with bad credit:

• Harley-Davidson Secured: $0 annual fee. $300 minimum deposit, $5,000 maximum ($100 increments only). 1 point per $1 on all purchases. 22.99% (V) regular APR.
• First National Bank of Omaha Secured: $0 annual fee. $300 minimum deposit, $5,000 maximum ($50 increments only). 20.24% (V) regular APR.
• U.S. Bank Secured Visa: $0 annual fee. $300 minimum deposit, $5,000 maximum. 23.99% (V) regular APR.

Another way to get a credit card with a $5,000 limit with bad credit is to become an authorized user. When you’re an authorized user on someone else’s credit card, you’ll share a credit line with them. You’ll also rebuild your credit if the primary cardholder pays the bills on time.

If you go for a secured card, your credit limit is (almost always) equal to your deposit. So, depositing more money can give you a higher limit. However, the issuer will usually approve a personal maximum deposit for you. This may be below the card’s overall maximum, depending on your credit. But if you’re approved to deposit up to $5,000, and you have enough money to make such a deposit, there are several good card options.

The Citi Double Cash Card credit limit will be at least $500 to start. It could be a lot higher than that, depending on your overall creditworthiness, but Citi doesn’t disclose a maximum. In general, though, the higher your credit score is and the more income you have relative to your existing debt obligations, the higher you can expect your credit limit to be.

Furthermore, you shouldn’t read too much into the Citi Double Cash Card’s $500 minimum credit limit. That amount is not uncommon for a credit card that requires at least good credit for approval. If you consistently pay your bill on time, you’ll also become eligible for a credit limit increase after six months or so.

At the end of the day, all we can say for sure is that Citi Double Cash Card is one of the best cash back credit cards on the market and has a credit limit that will be at least $500. It’s definitely worth applying for if you have the good credit or better needed for approval. If you don’t get approved for the kind of limit you’re looking for, you don’t have to open an account. And you might even wind up with a higher limit if you balk at the initial number and declare your intention to walk.