Ad Disclosure Ad Disclosure
Report Abuse
This question is about High Limit Credit Cards
see this user
Chip Lupo, Credit Card Writer
@CLoop
Permalink Report Abuse
To get approved for a high limit credit card, you will need good to excellent credit and proof that you can afford a high spending limit. More specifically, your credit limit will be determined by several factors, including your income, assets, and existing debt obligations. Picking the right credit card goes a long way, too.
How to Get Approved for a High Limit Credit Card
- Improve your credit score: High limit credit cardstypically require good or excellent credit. Before you apply for such a card, you shouldcheck your credit scoreto gauge your approval odds. If you’re unlikely to qualify based on your score, you will need toadd positive information to your credit report. Once you’ve established a strong credit profile, you can then target credit cards known for their high initial credit limits.
- Increase your income and reduce your debt: The higher your income is, the better chance you have of getting a new card with a high initial credit limit. Similarly, reducing your debt boosts your odds. Also, if your income goes up in the future, be sure to update your credit card’s information, as this could help get you a higher credit limit.
- Apply for a credit card with a high starting limit: Top-notch credit cards such as the Chase Sapphire Preferred® Card typically offer credit limits starting at $5,000. You may find minimum starting credit limits listed in some cards’ terms and conditions. In other cases, you might be able to get some information from cardholders’ reviews.
- Get a credit limit increase: Some credit card issuers mayautomatically review your accountfor a credit limit increase every 6 to 12 months, but it’s not guaranteed. You can also request acredit limit increase, either online or by calling the issuer’s customer service department. Keep in mind that requesting a credit limit increase on your own may result in ahard inquiry, which could hurt your credit score.
Ultimately, to have a better chance at getting approved for a high limit credit card, you should also make sure to always pay bills on time, use 30% or less of your available credit, and otherwise make good financial decisions.
This answer was first published on 07/28/21 and it was last updated on 05/09/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
2024's Best High Limit Credit Cards
2024's Best High Limit Credit Cards
Compare Cards
see this user
April Lucas, Member
@april_lucas
Permalink Report Abuse
You need to have excellent credit in order to get approved for a high limit credit card. However, that might not be enough, because issuers also look at your income, monthly expenses, payment history and credit utilization before approving you.
This answer was first published on 08/10/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
Report Abuse
You need a long credit history to get a favorable credit limit.
see this user
Bill Voughn, Member
@billy_voughn
Permalink Report Abuse
Your score is the first part. Anything above 700 should be okay, depending on the credit card you choose.
The most important element is your income. Your credit limit is calculated based on your current debt and income. If you've got the salary to pay it, you'll get a high limit.
This answer was first published on 07/12/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
People also ask
What is the highest credit card limit you can get?
The highest credit card limit you can get is over $100,000 according to reports 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. The best high limit credit cards offer spending limits of $10,000 or more.
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...
read full answer
What are the best credit cards that offer a credit limit of at least $5,000?
The best credit card that offers a credit limit of at least $5,000 is the Chase Sapphire Preferred® Card. The Chase Sapphire Preferred® Card requires good credit for approval, has great rewards, and gives cardholders a spending limit of $5,000 or more, depending on their creditworthiness.
A starting credit limit of $5,000 or more is common for credit cards like Chase Sapphire Preferred that are branded Visa Signature or Visa Infinite. Chase Sapphire Preferred also offers an initial bonus of 75,000 bonus points for spending $4,000 in the first 3 months and 1 - 5 points per $1 spent...
read full answer
What are the best high limit credit cards for fair credit?
The best high limit credit card for fair credit is the Upgrade Cash Rewards Visa® because it offers a credit limit of $500-$25,000, depending on your overall creditworthiness when you apply. The Upgrade Cash Rewards Card also has a $0 annual fee, accepts applicants with fair credit, and offers solid rewards. Cardholders earn 1.5% cash back on purchases.
High Limit Credit Cards for Average Credit
Upgrade Cash Rewards Visa®- Petal® 2 Visa® Credit Card
- Upgrade Triple Cash Rewards Visa®
- Citi Custom Cash® Card
- Citi Double Cash® Card
People with average credit typically don’t have many options when it comes to high-limit...
read full answer
Did we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.
WalletHub is not a financial advisor. Our goal is to provide you with top-notch content, data, and tools. You are responsible for deciding what financial products and providers are best for your needs.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted.
Irrespective of whether an institution or professional is a paid advertiser, the presence of information on WalletHub does not constitute a referral or endorsem*nt of the institution or professional by us or vice versa.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
* The information about the following cards has been independently collected by WalletHub: PNC Cash Unlimited℠ Visa Signature® Credit Card, The World of Hyatt Credit Card, and Petal® 2 Visa® Credit Card.
