Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer.
Not every credit card is created equal, especially when it comes to the amount of credit it will make available to you. After carefully researching many different credit card offers, we determined which cards offer the highest credit limits. Since people have varied needs from their credit cards, we've broken out the cards that offer the highest credit limits into five separate categories. We've also created an interactive tool that allows you to compare your options.
Table of Contents
The Best High Limit Credit Cards of 2018
Whether you're searching for a high limit card for people with bad credit or for your business, here are the cards we recommend.
Best High Limit Credit Card for Fair Credit: Capital One® QuicksilverOne® Cash Rewards Credit Card
What makes the Capital One® QuicksilverOne® Cash Rewards Credit Card the best high limit card for people with fair credit is that it allows cardholders to quickly gain access to a high credit limit. That's because you'll be given a higher credit limit after making just five monthly payments on time. Some competing cards won't increase your credit limit until you've been a cardholder for more than a year or until you request a limit increase. The Capital One® QuicksilverOne® Cash Rewards Credit Card also offers a respectable 1.5% cash back on all purchases. While other cards offer similar rewards, there's no guarantee those cards will increase your limit after only five months.
You'll also have access to CreditWise from Capital One, which allows you to check your credit score and monitor your credit profile. These types of tools are common nowadays from most cards—but it's a nice addition, and improving your credit score could lead to getting an even higher credit limit. Keep in mind that the Capital One® QuicksilverOne® Cash Rewards Credit Card comes with a $39 annual fee, but as long as you spend $217 per month on the card, you'll be breaking even on the fee.
- $39 annual fee.
- Earn unlimited 1.5% cash back on all purchases.
- Rewards don't expire, and you can redeem cash back for any amount.
Best High Limit Credit Card for Bad Credit: Capital One® Secured Mastercard®
The Capital One® Secured Mastercard® is our top choice for people with bad credit who are looking for a high credit limit. While most secured cards offer credit limits that match the card's required security deposit, the Capital One® Secured Mastercard® can potentially offer an oversized limit. For instance, a $49 refundable security deposit could get you a $200 initial credit line. Simply put, there's no other available card that will give you more for less. What's even better is that the card is easy to qualify for since it's meant for people with bad or limited credit.
Another great attribute of the card is that you'll get access to a higher credit line in five months, provided you make on-time payments. Most cards will eventually provide you with a higher credit line after a history of making on-time payments, but other cards typically don't disclose the exact timeline like the Capital One® Secured Mastercard® does. A higher credit limit will likely reduce your credit utilization ratio, which in turn will increase your credit score. So, through appropriate use, this card can help you increase your credit score and increase your card's limit.
- $0 annual fee.
- $49, $99 or $200 refundable deposit based on your creditworthiness.
Best High Limit Credit Card for Travel Rewards: Chase Sapphire Reserve®
The Chase Sapphire Reserve® is the top choice for travelers who need a high credit limit. Cardholders have reported a $10,000 minimum credit line and the card has up to a 4.5% rewards rate on travel purchases (3 points on travel after you earn the $300 travel credit). Most standard travel cards offer a 1.5% rewards rate and a much lower initial credit limit. Another great benefit for frequent travelers is that the points earned with the Chase Sapphire Reserve® can be transferred on a 1:1 basis to several hotel and airline loyalty programs, like Southwest Rapid Rewards, United's MileagePlus, Marriott Rewards and the World of Hyatt.
The Chase Sapphire Reserve® is a Visa Infinite product, which means you can't qualify for the card unless you're approved to receive the minimum credit line. For this card, it's been reported to be $10,000. Cardholders pay a hefty $450 annual fee, but for people who use the $300 annual travel credit, that fee is effectively only $150 per year. If you're uncomfortable with such a high fee, consider the Chase Sapphire Preferred® Card, which comes with slightly lower rewards rates and a $95 annual fee.
- 4.5% rewards rate on travel and dining purchases (3 points on travel after you earn the $300 travel credit).
- $450 annual fee.
- $300 annual travel credit.
Best High Limit Card With a 0% Intro APR Offer (No Fee): Chase Freedom®
We recommend the Chase Freedom® for anyone who needs to make a large balance transfer, given the card's excellent 0% intro APR offer and its high credit limit. We've seen copious reports from applicants who claim that the card has offered an initial credit limit as high as $4,500. This is significantly greater than the limit offered by most other cards with a 0% intro APR offer. The offer extends to balance transfers and purchases for 15 months, which is three months longer than similar offers. Keep in mind that, after 15 months, the APR increases to 17.24% - 25.99% Variable.
Unlike most other cards with promotional APR offers, the Chase Freedom® has strong ongoing value. Cardholders can earn an outstanding 5% cash back in categories that change every three months. While the 5% cash back is limited to up to $1,500 in purchases per quarter, the card also offers 1% cash back on all other purchases. Overall, competing cards will have trouble keeping up in terms of rewards due to the card's 5% categories.
- $0 annual fee.
- Earn 1% back on all purchases outside of the rotating categories.
- Earn a $150 bonus after you spend $500 on purchases in your first three months.
Credit Card Comparison Tool
Anyone looking to compare credit cards should utilize our tool below. You simply click "edit" and enter your estimated monthly expenses. The tool will then calculate the estimated rewards each card will earn you over the next two years. Our tool is not only personalized; it's the only one of its kind.
A Guide on Choosing The Best High Limit Credit Card
Cardholders who don't pay their credit card bills in full every month shouldn't be searching for a credit card with a high credit limit. Credit card interest charges are costly, and you'll start accruing debt if you carry a large balance. Instead, cardholders should focus on paying down existing credit card debt.
The one exception to this rule is if you're planning to apply for a balance transfer credit card. That's because a balance transfer credit card can actually help you pay down existing debt by suspending interest payments for a certain period of time, typically 12 to 18 months.
Generally, cards with the highest credit limits will charge an annual fee. If you're still interested in applying for a credit card, but you don't want to pay an annual fee, check out our recommendation on the best no-fee card with a high limit.
Assuming you never carry a balance, the card you qualify for will be heavily influenced by your credit score. If you have bad or limited credit history (a FICO score below 620), you'll likely have to choose a secured card. By making on-time payments to a secured card, you'll increase your credit score, which will help you get a higher credit limit. Secured cards require a security deposit, but you'll get the chance to earn it back after a certain number of months. Among secured cards, you should expect your credit line to range anywhere from $100 to $500.
Anyone who has an average credit score (a FICO score between 620 and 680) should expect to be approved for cards that offer credit limits greater than $1,000. While the initial credit limit you're granted will vary by applicant, making on-time payments and keeping your credit utilization low will eventually get you a higher credit limit.
If you have good to excellent credit (a FICO score greater than 680), then you'll want to apply for a travel card. That's because travel cards offer the highest rewards rates of any card type and usually carry the highest credit limits. The credit limit offered by these cards will vary, but you should expect it to be in the thousands of dollars. In fact, Visa Infinite cards come with an initial minimum credit limit of $10,000.
How We Made Our Picks for the Best High Limit Credit Cards
Our team evaluated more than 300 credit cards and chose five that provide cardholders with access to the highest limits. However, we realize that credit cards can have many more features than just a large credit limit. That's why we also studied each card's rewards rate, bonuses, fees and a ton of other benefits in making our selections for the best cards.
Maximum credit limits aren't officially published by credit card issuers, and initial credit limits vary by applicant. However, many cards are part of a particular card network, which have minimum credit limits. So, our research began there. For example, Visa Signature cards have a minimum credit limit of $5,000. We then studied hundreds of credit card user reviews and browsed popular online credit card forums to gauge the credit limits offered to typical applicants. We also surveyed our in-house credit card experts, who have years' worth of experience and dozens of credit cards. In order to be exhaustive in our review, we also studied social media interactions and comments posted to our accounts and site that mentioned credit limits over the past few years.
Our recommendations for the best cards also took into account each card's qualitative features. That's because we realize not every credit card benefit boils down to a number. For instance, how would you measure the helpfulness of a customer service representative? This is where our expertise began to kick in. We've studied credit cards for a long time, and every single one of our choices was made by our panel of credit card experts.
Value Penguin's Selection Criteria
Credit limit potential: The most important criterion was finding credit cards that offered high credit limits. This search included finding cards that offered high initial credit lines, like Visa Infinite cards, or ones that allow cardholders to gain access to those high limits after an extended period of responsible use. We favored credit cards with high initial credit limits because a credit limit increase isn't always guaranteed.
Eligibility: We also made sure that our selections encompassed a broad range of eligibility standards. That's because credit cards with extremely high credit limits are often reserved for those with excellent credit scores. We wanted to ensure our recommendations worked for people with widely differing credit scores.
Rewards rate: We believe the ability to earn rewards is important when it comes to selecting a credit card. Furthermore, anyone who wants a high credit limit will likely choose to exercise their purchasing power for large expenses. Therefore, we gave preference to cards that had a rewards rate of at least 1.5%. We adjusted this criteria for certain categories where we felt the eligibility standards to apply were different, such as our pick for the best high limit card for people with bad credit.
Bonus value: Sign-up bonuses can be lucrative for credit card applicants. We generally favored sign-up bonuses with a smaller spending requirement because that means they are more accessible to a larger group of people. However, we also made adjustments for any bonuses that were worth significantly more than bonuses offered by competing cards.
Long-term use: We made our credit card selections for our "best" list under the assumption that cardholders would hold on to these cards for several years. We gave preference to cards that not only performed well in the short term, but also made for excellent long-term picks.
Fees: We considered various types of fees in making our choices, including annual fees, foreign transaction fees and balance transfer fees. For instance, we believe it's OK for a card to have annual fees as long as it offers enough rewards to offset those fees.
Great High Limit Credit Cards That Missed the Cut
While searching for the best credit cards with high credit limits, we came across a few contenders that make for great choices—but ultimately were outperformed by a different card. The following cards were strong runner-ups.
Chase Sapphire Preferred® Card: This card offers great travel rewards and cardholders report a minimum $5,000 credit limit. However, it's outperformed in both areas by the Chase Sapphire Reserve®. The Chase Sapphire Reserve® has a much higher annual fee, but when you account for the $300 travel credit, that fee is effectively only $55 greater. Both of these cards are great choices, but regardless of whether you're looking for greater travel rewards or a higher credit limit, the better choice is the Chase Sapphire Reserve®.
Ink Business Preferred℠ Credit Card: If there were no such thing as charge cards, the Ink Business Preferred℠ Credit Card would be our pick for small businesses looking for a high limit card. That's because cardholders report a minimum credit line of $5,000 in addition to its outstanding rewards. The card's initial credit line will make it easier for your business to achieve the $5,000 spending requirement on the card's sign-up bonus, which can be worth up to $1,000 in travel rewards. However, our best charge card recommendation has no preset spending limit, which grants small businesses unparalleled purchasing power, depending on their spending habits.