If you have an excellent credit score, it usually means you’...
Credit Cards with High Limits For Good Credit
With a national average for a credit limit on a card at about $7,000, we will consider a limit of $10,000 as high.
Why do you need a credit card with a high credit limit, if according to statistical data, the majority is not using even 30% of the available limit? The answer is: to build credit faster. With a good credit, it is quite easy to build an excellent credit score just by paying all bills on time and maintaining a credit card use lower than 10% of the available limit. Be aware that these are the best of the best – those who have a credit score of 750+ tend to use 7% and less of their credit lines.
Here’s what our editors choose for you to get the highest limits with a credit score short from excellent:
Of course, there is no guarantee that your personalized offer will satisfy you, but generally, the issuers mentioned above cater to people with good credit and tend to give generous credit limits on the cards.
How banks assign a credit limit?
A high credit limit is mostly not a feature of a particular card, but a function of a person’s credit profile and income level. However, different banks have slightly different underwriting procedures, so some banks are more likely to provide you with a higher limit compared to others.
If you applied for a credit card and got an approval but not satisfied with the credit amount, it is a good idea to call the banks for reconciliation. Sometimes a second evaluation will give you a better limit.
Credit Union Credit Cards Have High Starter Limits
Credit union usually have eligibility criteria and require membership to apply for a card, but often start you with higher limits on their credit cards.
Some of the good examples are PenFed platinum rewards VISA signature® card, USAA Classic Platinum Visa®, NFCU nRewards® Credit Card
Try Co-branded Cards
Banks often offer higher limits on co-branded credit cards – airline cards or store credit cards. For example, with Walmart MasterCard you can easily get $10,000 credit limit or even double or triple that. JPPenney credit cards might be another great option. Airline cobranded cards like United MileagePlus Explorer card or Southwest Airlines Rapid Rewards Visa Credit Card are good examples as well.
$99 annual fee
2x on Southwest purchases
60,000 miles bonus
$95 annual fee, waived for the first year
first checked bag free
30,000 miles intro bonus
Limits on Business Credit Cards are Higher
If you are doing even a small side business you can register an LLC and qualify for a small business credit card. The best part of it is that business credit cards usually have much higher limits and often better rewards rate. A great example is the Chase Ink Plus card and Capital One Spark Miles Select card.
$95 annual fee
25% bonus on your points when redeemed for travel
redeem for travel, cash or gift cards
How to Get a Credit Card with High Limit?
Getting a high limit on your credit card requires responsible credit use that leads to a clean credit file, payment history without any late payments or defaults, history of increasing income, and some work to ask for credit line increase.
The truth is, after you get a high limit on one of your cards, the rest will follow, so the hardest part is to increase your limit on existing cards by asking for a credit line increase when eligible and getting automatic limit updates from time to time.
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