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Best High-Limit Credit Cards for June 2022

High-limit credit cards provide credit limits of $5,000 to $10,000 or more and can lead to big rewards. After all, being able to spend more money means more opportunity for cash back or other returns on your credit-card usage.  

A bigger credit limit, if used wisely, can also help your credit score by reducing your credit utilization ratio — the percentage of available credit that you’re using at any given time. Credit reporting company Experian advises a total utilization ratio of no more than 30%, though consumers with exceptional credit tend to have ratios under 10%. The enhanced credit that comes with a high-limit card makes it easier to keep that percentage down.

However, high-limit credit cards also come with risks. Falling behind or missing payments on a larger amount of debt can lead to hefty interest, late fees or snowballing credit-card debt. And while these cards will let you finance large purchases, often with a generous intro 0% APR period, you’ll need to have good or excellent credit to get approved for most of them.

If you’re ready to take the plunge on a credit card with a bigger limit, discover our top partner offers for the best high-limit credit cards below.

Read more: Best Balance Transfer and 0% APR Credit Cards

Best overall high-limit card

Intro OfferEarn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®

APR17.24% – 24.24% Variable

Recommended Credit Excellent

Reward Rates

  • Earn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®.
  • Earn 5x total points on air travel through Chase Ultimate Rewards®.
  • Earn 3x points on other travel and dining.
  • Earn 1 point per $1 spent on all other purchases

Annual Fee$550

Intro Purchase APRN/A

Balance Transfer Fee Either $5 or 5% of the amount of each balance transfer, whichever is greater

Balance Transfer APR17.24% – 24.24% Variable

Foreign Transaction Fees $0

Penalty APR Up to 29.99%

  • Earn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®.
  • Earn 5x total points on air travel through Chase Ultimate Rewards®.
  • Earn 3x points on other travel and dining.
  • Earn 1 point per $1 spent on all other purchases

Our Take

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.

See more details in our full review of the Chase Sapphire Reserve.

Best intro APR high-limit card

Intro Offer$100 statement credit online bonus after making at least $1,000 in purchases in the first 90 days of account opening.

APR13.24% – 23.24% Variable APR on purchases and balance transfers

Recommended Credit Excellent/Good

Reward RatesN/A

Annual Fee$0

Intro Purchase APR0% for 18 billing cycles

Intro Balance Transfer APR0% Intro APR for 18 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies.

Balance Transfer Fee Either $10 or 3% of the amount of each transaction, whichever is greater.

Balance Transfer APR13.24% – 23.24% Variable APR on purchases and balance transfers

Late Payment Fee See Terms

Foreign Transaction Fees 3%

Penalty APR none

Our Take

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, 13.24% to 23.24% 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.

Intro OfferEarn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

APR14.74% – 24.74% Variable

Recommended Credit Excellent/Good

Reward Rates

  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% Cash Back on select U.S. streaming subscriptions
  • 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% Cash Back at U.S. gas stations
  • 1% Cash Back on other purchases

Annual Fee$0 introductory annual fee for the first year, then $95.

Intro Purchase APR0% on purchases for 12 months

Balance Transfer Fee N/A

Late Payment Fee Up to $40

Foreign Transaction Fees 2.7% of each transaction after conversion to US dollars.

Penalty APR 29.99% Variable

  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% Cash Back on select U.S. streaming subscriptions
  • 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% Cash Back at U.S. gas stations
  • 1% Cash Back on other purchases

Our Take

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.

Best high-limit card for travel

Intro OfferNew Venture cardholders can earn 75,000 miles once they spend $4,000 on purchases within 3 months from account opening

APR16.24% – 24.24% (Variable)

Recommended Credit Excellent, Good

Reward Rates

  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options
  • Earn unlimited 2X miles on every purchase, every day.

Annual Fee$95

Intro Purchase APRN/A

Intro Balance Transfer APRN/A

Balance Transfer Fee $0 at this Transfer APR

Balance Transfer APR16.24% – 24.24% (Variable)

Late Payment Fee Up to $40

Foreign Transaction Fees None

Penalty APR None

  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options
  • Earn unlimited 2X miles on every purchase, every day.

Our Take

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 75,000 miles when you spend $4,000 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.

Check out our full review of the Capital One Venture Rewards Credit Card.

Best high-limit card for rebuilding credit

Intro OfferN/A

APR13.24%-27.24% (Variable)

Recommended Credit Limited/Fair/Good/Excellent

Reward Rates

  • Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments.
  • 1% cash back on eligible purchases right away.

Annual Fee$0

Intro Purchase APRN/A

Foreign Transaction Fees $0

  • Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments.
  • 1% cash back on eligible purchases right away.

Our Take

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.

Intro OfferWelcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.

APR14.99% – 22.99% Variable

Recommended Credit Good, Excellent

Reward Rates

  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
  • Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year
  • 1X points for each dollar you spend on eligible purchases.

Annual Fee$695

Intro Purchase APRSee Pay Over Time APR

Late Payment Fee $39 or 2.99% of any past due Pay in Full amount, whichever is greater.

Foreign Transaction Fees None

Penalty APR 29.99% Variable

  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
  • Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year
  • 1X points for each dollar you spend on eligible purchases.

Our Take

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.

FAQs

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.

Cards researched

  • Chase Sapphire Reserve®
  • BankAmericard® credit card
  • Blue Cash Preferred® Card from American Express
  • United Club℠ Infinite Card
  • Capital One Venture Rewards Credit Card
  • Petal® 2 “Cash Back, No Fees” Visa® Credit Card
  • American Express Black Card

More of the best credit cards

Our methodology

CNET reviews credit cards by exhaustively comparing them across set criteria developed for each major category, including cash back, welcome bonus, travel rewards and balance transfer. We take into consideration the typical spending behavior of a range of consumer profiles — with the understanding that everyone’s financial situation is different — and the designated function of a card. 

For cash-back credit cards, for example, key factors include the annual fee, the welcome bonus and the cash-back rate (or rates, if they differ by spending category). For rewards and miles cards, we calculate and weigh the net monetary value of a card’s respective perks. And with balance transfer credit cards, we analyze specs such as the duration of the introductory 0% APR period and the balance transfer fee, while acknowledging secondary factors such as the standard APR and the length of time you have to make a balance transfer after you open the account.

For rates and fees of the Blue Cash Preferred Card from American Express, click here

For rates and fees of The Business Platinum Card from American Express, click here

*All information about the BankAmericard credit card has been collected independently by CNET and has not been reviewed by the issuer.

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

https://www.cnet.com/personal-finance/credit-cards/best-high-limit-credit-cards/ Best High-Limit Credit Cards for June 2022

Chris Barrese

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