Elevate Your Purchasing Power: Credit Cards With High Limits

If you’ve built a high credit score, it’s time to reap the benefits. A credit card with high limits offers both greater purchasing power and excellent rewards. These cards, with spending limits of $10,000 or more, give borrowers with excellent credit opportunities to keep low credit utilization and to earn more. Whether you want to earn travel rewards, get more cash back or like the convenience of putting big purchases on a credit card, consider the options below. Read on for the best credit cards with high limits you can apply for today.

Quick Look at the Best Credit Cards With High Limits

• Best for Flexible Rewards: Chase Sapphire Preferred
• Best for Highest Credit Limit: Chase Sapphire Reserve
• Best for Cash Back: Citi Double Cash Card
• Best for Travel Rewards: Capital One Venture X Rewards 
• Best for Luxury Travel Rewards: The Platinum Card from American Express

What Are the Best Credit Cards With High Limits?

Wondering which credit cards with high limits are the best fit for you? All of the cards here offer excellent rewards and high credit limits. They are typically available to borrowers with good to excellent credit scores. If you’re planning to get into premium credit cards, start here. 

1. Best for Flexible Rewards: Chase Sapphire Preferred

The Chase Sapphire Preferred Card is a strong all-around contender for high-limit premium credit cards open to people with a 700-plus credit score. With a low annual fee and diverse rewards on travel, streaming services and select groceries, it’s a great everyday card with a decent signup bonus. While credit limits are individually determined, users report credit limits between $5,000 and $50,000 with the Chase Sapphire Preferred Card.

2. Best for Highest Credit Limit: Chase Sapphire Reserve

Start with the Chase Sapphire Reserve if you need a guaranteed high credit limit. With a minimum credit limit of $10,000, you could get an even larger credit line through this card. Some users reported up to $80,000 in credit limits. 

The Chase Sapphire Reserve is a travel rewards card generally open to people with a credit score of 750 or higher. While it comes with higher fees, it also offers competitive rewards and an annual travel credit. Great for regular travelers looking for a high credit limit.

3. Best for Cashback: Citi Double Cash Card

The Citi Double Cash Card offers some of the best cashback benefits if you want to save more on everyday purchases while getting a high credit limit. Get 2% cashback on all purchases, giving you double the savings of other cards along with the potential for a high credit limit. Credit limits are determined by individual users’ financial profiles. This card is also open to people with lower credit scores in the fair range of 640 or above. 

4. Best for Travel Rewards: Capital One Venture X Rewards 

Capital One Venture X Rewards credit card has become synonymous with premium travel rewards and high credit limits. Credit limits are set by the user but are regularly over $10,000. People with good to excellent credit can apply for the Capital One Venture X Rewards credit card. In addition to travel rewards, you could use points earned on everyday purchases for concert tickets, experiences and more.

5. Best for Luxury Travel Rewards: The Platinum Card from American Express

American Express’s Platinum credit card is a symbol of wealth, offering high credit limits, strong purchase protections and elite status for luxury travel opportunities. With diverse perks through Uber Technologies Inc., Hilton Hotels & Resorts and Marriott Hotels & Resorts, this card is only worth it if you regularly take advantage of luxury travel. While you’ll need good to excellent credit, borrowers with credit scores of 670 and above have been approved. 

What Is Considered a High-Limit Credit Card?

Whenever you apply for a new credit card, you’ll get an approval letter with the card’s credit limit if you’re approved. Credit card limits typically range from $500 to $10,000 but can be as high as $50,000 or more. 

Credit card issuers use underwriting to determine an applicant’s credit limit based on the borrower’s risk profile. This usually considers your credit score, payment history, income and available lines of credit.

Credit card companies often offer credit limits of $10,000 or above for borrowers with very good to excellent credit. This gives you the flexibility to make large purchases like new computers, furniture and office supplies or pay for major home repairs on a credit card.

High-limit credit cards have numerous benefits. First, you can use the credit card to make large purchases while maintaining a low credit utilization ratio. Second, you have greater options to earn cashback or rewards. Third, while they may come with high annual fees, these are often offset by premium rewards, elite status, airport lounge access, travel upgrades or other perks.

How to Qualify for High-Limit Credit Cards

To qualify for a high-limit credit card, you need a great score and generally a stable income. However, even borrowers with lower-than-average income with strong payment histories and good credit scores can qualify for a high credit limit. 

Here are additional steps to qualify for a high-limit credit card or raise your credit score overnight.  

Research and Compare Different Credit Card Options

Before applying for any credit cards, research and compare options. Look at annual percentage rates (APRs), annual fees and the cash value of any rewards. Weigh that against your lifestyle and goals to choose credit cards that offer the most value for how you plan to use them. Most major credit card issuers offer a premium card offering interesting rewards for users with excellent credit. 

Don’t apply for several new credit cards at once to preserve your high credit score. Instead, stick to one or two credit cards that best fit your lifestyle. Remember that some credit card issuers will decline your application if you’ve applied for too many credit cards. 

Build and Maintain a Strong Credit Profile

If you’re looking at high-limit credit cards, chances are, you already have a high credit score. Work to maintain and further build that credit score by paying off debt, making all credit card and debt payments on time and maintaining a low credit utilization ratio. You can also ask your existing credit card issuers to increase your credit limit. 

Increase Income and Reduce Debt

A higher income and lower debt will increase your chances of credit card approval for a higher credit limit. Most of the cards above approve some users with credit lines of $20,000 or higher. To get a limit that high, you’ll need to show low or no revolving debt and a very good to excellent credit score. 

Choose the Right Credit Card Issuer

If you already have a credit card or bank account with the new card issuer, you’ll increase your chances of card approval and a higher credit limit. One caveat: If you’re interested in credit card bonuses, be sure you haven’t used the bonus with a previous card. 

American Express, for example, limits you to one lifetime bonus per credit card. Citi Bank allows you to earn a welcome bonus on the same card after 48 months.

Chase has a 5/24 rule that limits you to five new credit cards within 24 months from any credit card issuer. If you’ve opened five new credit cards within the past two years, you’ll want to hold off on applying with Chase.  

Getting Credit Cards with High Limits

Getting a credit card with a high credit limit offers flexibility to spend on your terms. You don’t have to worry about maxing out the credit card, even with major purchases. You also have the opportunity to earn a variety of rewards or bonuses to fit into your lifestyle. To get the most out of a credit card with high limits, or to raise your credit score even more, remember to make all payments on time and pay off the card each month. Ready to get even higher credit limits? Learn how to increase your credit score to 850.

Frequently Asked Questions