Best High-Limit Credit Cards for March 2022

With a credit limit starting at $10,000, the Chase Sapphire Reserve is best known as a travel rewards credit card, allowing you to earn points quickly that can be redeemed for travel. But even if you’re not a frequent flier, the points you accrue can be redeemed for merchandise, entertainment and dining. 

As with some other high-limit credit cards, you’ll need excellent credit to qualify for this — and be willing to spend $550 on the annual fee. But the available bonuses can offset that spendy fee. A few nice features of this Chase credit card include an annual $300 statement credit to reimburse travel purchases and Priority Pass access at over 1,300 airport lounges worldwide.

The BankAmericard credit card* is a high-limit, no-frills card. Instead of travel perks or bonuses, the card focuses on low fees. The introductory APR is ideal if you have a large, upcoming purchase you’d prefer to pay off over time. You’ll have 18 billing cycles to carry the balance while you pay it down (0% intro APR for 18 billing cycles on purchases and balance transfers, 12.99% to 22.99% variable APR thereafter). After the introductory APR is over, the card’s fees are competitively low. There is no annual fee, and Bank of America does not charge a penalty APR if you miss a payment.

Being strategic about high spending using the right credit card could earn you free travel or significant cash back. The Blue Cash Preferred Card from American Express lets you earn rewards on everyday purchases, such as gasoline, grocery shopping or home entertainment. 

Though credit limits aren’t advertised, they typically can range from $1,000 to $30,000, according to some cardholders. You can fill out a form online to find out what types of personalized American Express offers you may be prequalified for. The preapproval doesn’t affect your credit score and will give you a good idea of how much your credit line would be.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

The Capital One Venture Rewards Credit Card* is a straightforward, easy-to-use card that lets you earn 2x miles for each dollar you spend. There are no higher bonus categories to keep track of and you can earn 60,000 miles when you spend $3,000 in the first three months. You also can earn up to a $100 statement credit for TSA Precheck or Global Entry and you can also score travel accident insurance and auto rental collision insurance. (Terms, conditions and exclusions apply. Refer to your Guide to Benefits for more details.)

This card has been known to have credit limits in excess of tens of thousands of dollars, depending on the account holder’s credit profile. Capital One notes that you’ll need good to excellent credit in order to qualify for this card.

The Petal 2 Visa Credit Card, issued by WebBank, Member FDIC, is the best high-limit credit card for individuals with average or fair credit. The card comes with a variable interest rate and limit that’s based on your creditworthiness. If you have no credit or a less-than-perfect credit history, you may be approved for a lower credit limit. Petal cards are designed to help you improve your credit and can grow with you as you rebuild. Even if you start with a lower limit, you may be able to get a credit increase with careful use and on-time payments.

The Business Platinum Card from American Express may be the most feature-packed of all the cards reviewed. If you’re approved for a Business Platinum Card from American Express, you can probably spend as much as you need without worrying about going over the limit. However, the card isn’t technically a credit card — unlike a typical credit card, the card allows you to carry a balance for certain charges, but not all. 

To evolve with market changes, American Express has added business-friendly features that help cardholders better manage cash flow, such as the Pay Over Time and Pay It Plan It features that let cardholders decide if they want to create “buy now, pay later” payment plans with a fixed fee, carry a balance with interest or pay in full.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

How is my credit limit determined?

Card issuers consider many factors, but two of the most important are your income and the information in your credit report — including how many open lines of credit you have, your payment history and your credit utilization, which measures how much debt you carry versus how much credit is available to you.

Most financial experts recommend keeping your credit utilization under 30%. That means you should not carry a balance over $3,000 if you have a credit limit of $10,000. The lower your credit utilization, the more likely you’ll have a higher credit score — and a better chance to receive a high limit on new cards.

Can I apply for a business credit card to get a higher limit?

Business credit cards often feature a higher credit limit than standard individual accounts. That noted, you don’t have to own a multinational corporation to apply for a business credit card. Freelancers, gig workers, small startups and home business owners are eligible. Most issuers will look at the applicant’s personal credit instead of the company’s.

How can I get approved for a higher-limit card?

Getting approved for a higher-limit card takes some preparation. First, you’ll want to pay down your other card balances before you apply to improve your credit utilization and overall credit score. 

Be sure to research which credit cards offer the highest limits for your credit profile. If you have a good credit score of 700 or higher, chances are you’ll receive a high credit limit regardless of the card you apply for. If you’re working on rebuilding your credit, it may be harder to qualify for a premium card with a high limit. Fortunately, there are high-limit cards for individuals with fair credit.

If you don’t receive the limit you were hoping for, you might be able to get the card issuer to reconsider down the road. Once you establish a positive track record of calculated spending and on-time payments, reach out to your card provider and ask for a credit increase.

Why would I want a high limit?

A higher credit limit is beneficial to your credit score. Your credit score is partially based on the ratio between your card balances and your available credit. If you’re approved for a credit card with a high limit, it will reduce your credit utilization ratio and improve your credit standing. 

For example, if you currently owe $6,000 on your credit cards and have a credit limit of $20,000 total, your credit utilization is 30%. If you’re approved for a credit card with a $10,000 limit, your overall credit available changes to $30,000 and your credit utilization drops to 20%. The drop in credit utilization will likely improve your credit score — and increase your chance of getting approved for a high-limit credit card.