Best High-Limit Credit Cards

High-limit credit cards give you access to serious spending power, rewards, and prestige that just can’t be matched by introductory credit cards.

Remember, opening a high-limit credit card can bring plenty of benefits and you’ll be golden as long as you spend within your means. 

MoneyLion can help you explore the world of credit cards and find the one that’s perfect for you.

1. Best for All-Around Use: Chase Sapphire Preferred

If this is your first time dipping your toes into the world of high-limit credit cards then the Chase Sapphire Preferred® Card is a great place to start. This card offers a ton of rewards, an attractive welcome bonus, flexible spending, and strong protections all for an affordable $95 annual fee. 

Pros

• Partnership benefits: Over $200 in partnership benefits, including complimentary DoorDash DashPass membership (activation required by Dec. 31, 2027)

• Bonus rewards: You get additional points for spending on travel, dining, and some everyday purchases

• Rental car insurance: Primary rental car coverage

Cons

• High annual fee: $95 annual fee

• Difficult to get approved: Requires good/excellent credit

• A complicated points system: Unlocking the full value of this card requires navigating a fairly confusing points system

2. Best for Travel Rewards: Chase Sapphire Reserve

If you’re looking for one of the best high-limit credit cards that can help make that dream trip to Thailand a reality then you’ll want to explore the Chase Sapphire Reserve®. 

The benefits of this card are pretty impressive by themselves. But, it’s the Chase Ultimate Rewards® points that hold the real value. Chase points are unique because you can transfer them at a 1:1 ratio to 10 different airlines and four different hotels – a unique selling point that comes in handy when booking trips. 

Pros

• Up to $300 annual travel credit

• Complimentary access to 1,300+ airport lounges worldwide with up to two guests

• Chase Ultimate Rewards points don’t expire

Cons

• High $795 annual fee

• Requires a high credit score for approval

3. Best for Cash Back: Citi Double Cash Card

Free DoorDash and airport lounge access are fun perks. But, what if you’re just looking for simple cash back rewards? If this is the case then you’ll want to consider the Citi® Double Cash Card.

As the name implies, this card takes the industry standard 1% cash back and doubles it – allowing you to earn 1% on purchases you make and 1% as you pay for them.

Pros

• This card does not charge an annual fee

• Offers an easy way to earn straightforward rewards

• Offers a 0% introductory APR for 18 months on balance transfers (then 17.49% to 27.49% variable) 

Cons

• Lacks major cardholder benefits offered by other credit cards 

• This card does not have an introductory APR on purchases

4. Best for Premium Benefits: The Platinum Card From American Express 

If you’re looking for one of the most prestigious credit cards available then you’ll want to consider the American Express Platinum Card®. With a $895 annual fee, this card isn’t cheap. But, the annual credits this card offers more than pay for the cost of the annual fee. The Platinum Card offers up to a $600 annual hotel credit, an annual $155 Walmart+ membership, up to $200 annually in Uber Cash, up to $200 in annual airline credit, and up to $300 annually for digital entertainment. 

Pros

• Access to the Global Lounge Collection, which includes access to the Centurion Network and Delta Sky Club

• Over $3,500 in total annual value benefits across entertainment, dining, and travel. 

• 5X points on flights and prepaid hotels booked through American Express Travel (on up to $500,000 in purchases per year, then 1X)

Cons

• High $895 annual fee 

• Non-travel purchases earn just 1 point per dollar

5. Best for Groceries: American Express Blue Cash Preferred Credit Card

Choosing a credit card that offers bonus rewards in your most common spending category can be a smart strategy. For most people, their highest spending category is groceries. The Blue Cash Preferred® Card from American Express offers an impressive 6% cash back on U.S. supermarket purchases for up to $6,000 per year (then 1% back).

Pros

• 6% cash back at U.S. supermarkets (on up to $6,000 in spending per year, then 1%) and on U.S. streaming subscriptions

• 3% cash back on transit expenses and U.S. gas stations

• Global Assist Hotline offers 24/7 emergency assistance when you’re over 100 miles from home, including medical and legal referrals, emergency cash wires and missing luggage assistance

Cons

• Bonus rewards are limited to a certain spending threshold in some cases

6. Best for Introductory Rates: Capital One Venture One Credit Card

Opening a high-limit credit card can be daunting, especially if you’re nervous about overspending. If you’re nervous about potentially falling behind on your payments then you’ll want to consider the Capital One VentureOne Rewards Credit Card. This credit card offers a highly attractive 0% APR on purchases and balance transfers for 15 months after opening an account (then 18.49% - 28.49% variable). 

Pros

• 0% APR on purchases and balance transfers for 15 months(then 18.49% - 28.49% variable). 

• Access to cardholder-only reservations at award-winning restaurants and tickets to curated culinary events

• Unlimited 1.25 miles per dollar on every purchase

Cons

• Difficult to get approved: requires a high credit score for approval

7. Best for Balance Transfers: Citi Diamond Preferred Credit Card

Opening a high-limit credit card can be a great way to reduce the interest that you’re paying on existing debt. If this is a strategy you’re interested in then you’ll want to explore the Citi® Diamond Preferred® Card.

This card offers an impressive 0% intro APR for 21 months on balance transfers from the date of account opening (then 16.49% - 27.24% variable), allowing you to minimize interest charges. This is why it made the list as one of the best high-limit balance transfer cards available. 

Pros

• Intro APR on balance transfers

• 0% introductory APR on purchases for 12 months from date of account opening (then 16.49% to 27.24%) 

• $0 liability for unauthorized charges

Cons

• This card does not have any rewards for spending

What Is a High-Limit Credit Card? 

A high-limit credit card is a card that lets you spend more money than a standard credit card. A “high limit” on a credit card is a bit subjective and depends on your income and spending levels. 

MoneyLion personal finance expert Ryan Peterson states that a “good credit limit should be about 20-30% of your annual income.” For example, if you make $50,000 a year then a good credit limit might be around $10,000 to $15,000. So, a “high” credit limit would be anything higher than 20-30% of your annual income. 

• If you make $50,000 then a high limit is likely anything over $10,000

• If you make $100,000 then a high limit is likely anything over $20,000 

• If you make $200,000 then a high limit is likely anything over $40,000

Growing Your Credit Limit

Your lender assigns you a “credit limit” when you open a new credit card. This is the total amount you can spend with that credit card and is usually a few hundred to a few thousand dollars. But, if your credit score improves over time then your lender may consider extending your credit limit. 

Lenders determine your credit limit based on a number of factors:

• Payment history: Do you pay your other credit cards on time? What about your utility bills? What about your mortgage? Consistently paying bills on time helps boost your credit limit.

• Existing accounts: What other types of bank accounts, loans, or credit cards do you have? Having multiple accounts can help improve your credit limit (up to a point).

• Account history: How long have your accounts been open? The longer the better. 

• Total Debt: Do you have a mortgage? Outstanding student loan debt? Balances on other credit cards? Having a low debt profile makes you look more attractive to lenders.

• Income: How much money do you make annually? And what is your primary source of income? As you might imagine, the higher the better.

If you pay your bills on time, have a consistent income, and low debt levels then your credit score will increase over time. This will improve your chances of your lender extending a higher credit limit on an existing card or getting approved for a new high-limit credit card. 

Pros and Cons of High-Limit Credit Cards

Opening a high-limit credit card comes with several significant pros and cons. 

Factors To Consider When Choosing a High-Limit Credit Card

There are many factors to consider when choosing a high-limit credit card:

• Credit score requirement: Your current credit score will limit the types of cards that you’re likely to get approved for. But, your score can always be increased over time. 

• Type of card: Some cards specialize in a certain spending category while others offer broad, general rewards. Be sure to research the type of card that’s best for you based on your lifestyle and spending habits.

• Benefits and rewards: Credit cards offer a range of benefits, outside of traditional points. Thoroughly research different types of credit cards so that know the full extent of the benefits you’ll receive.

• Annual fees: Be fully aware of the annual fee that your card charges. Also, remember that not all credit cards charge annual fees.

• Introductory offers: While introductory offers can be attractive, they should not be the sole reason that you sign up for a card.

How To Get a High-Limit Credit Card 

If you’re interested in getting a high-limit credit card then you’ll need to follow a few simple steps. 

• Check your credit score: This will give you an idea of which cards you might qualify for. You might even want to improve your credit score before you begin applying to cards. 

• Research your options: This list provides a good starting point for high-limit credit cards. But, there are a lot more cards to consider than just the seven that we listed.

• Boost your credit score: If necessary, you may want to try and boost your credit score in the short term. One of the best ways to do this is by paying down any existing credit card debt. Doing this could help improve your chances of getting approved for a new card.    

• Apply to your favorite credit cards: Once you’ve found your favorite card and paid down any existing debt, go ahead and apply. Most programs will let you know instantly whether or not you’re approved. 

Alternatives To High-Limit Credit Cards

High-limit credit cards are not your only option if you’re looking to increase your spending power. In fact, there are a few other options that may be much easier than getting approved for a high-limit card:

✅  Request a credit limit increase: If you already own a credit card then requesting a credit limit increase is usually an easy way to increase your spending power. Most lenders will increase your credit limit fairly often as long as you pay your card on time and meet their general requirements.

✅  Low-limit or secured credit cards: If you’re having trouble getting approved for a high-limit credit card then consider applying for a low-limit or secured credit card. These are often much easier to get approved for. 

✅  Personal loans: Personal loans can provide spending flexibility and may be a better option than credit cards if you are just looking for short-term assistance.

✅  Peer-to-peer lending: Peer-to-peer lending platforms offer yet another way to get cash quickly and can sometimes be easier to get approved for than going through a traditional lender. 

✅  Credit builder loans: Credit builder loans offer the best of both worlds by typically giving you immediate access to cash while also helping you build credit over the long term.

FAQs

Is it good to have a high credit limit?

Yes, depending on your situation, having a high credit limit can give you greater spending flexibility which can be especially valuable during emergencies. 

How much credit limit should I have?

 A “good” credit limit is usually about 20-30% of your annual income. For example, if you make $50,000 a year then a good credit limit might be around $10,000 to $15,000. 

Why did my credit limit increase automatically?

Many lenders will automatically increase your credit limit if you consistently pay your credit card on time or experience an increase in income.