If you’re making a large purchase worth thousands of dollars, you don’t want to risk your card being rejected due to insufficient credit. But which credit cards offer the highest limits on the market?
Before we get started, it’s important to note that credit limits are very subjective for the cardholder and are usually reserved for those with a good to excellent credit score. When you apply for a new card, issuers will look at several factors not only to approve your card, but also to provide you with a given credit limit.
Ultimately, it’s an algorithm that varies from person to person, depending on income, previous credit history, and more. So while the maximum amount can vary, they tend to rank among the best credit cards with the highest credit limits – and we’ve given rough estimates of what you can expect.
Which cards offer the highest credit limits?
If you’re looking for a high limit credit card (we’re talking $5,000 to $20,000), you’ll need to look for one of the following options:
- Cards “Without a pre-set spending limit”
- Premium credit cards
- Business Credit Cards
Unlike a traditional credit card, the No Limit Spend Card does not offer a specific credit limit. Instead, cardholders are given flexible purchasing power that varies by purchase and issuance period.
Among major card issuers, only American Express does not offer pre-set spending limits, but only for certain cards.
And make no mistake: a “no spending limit” card does not mean there is no No credit limit. The limit still exists, but it will fluctuate and adapt depending on the purchase and your payment and credit history. The more timely payments you make, the more likely the issuer will approve these expensive purchases on your card.
Read more: Should I buy Amex cards?
On the other hand, premium cards have high credit limits but also tend to have high annual fees. Premium credit cards require a higher credit score, so cardholders will be given a higher credit limit in return.
Finally, business credit cards usually offer high credit limits. Whether you’re an independent contractor, a small shop owner, or a large company, these credit cards come with higher maximum values to provide maximum flexibility for business owners.
Read more: The Best Business Credit Cards for Young Entrepreneurs
One final note: some cards may fall into more than one category, as we’ll mention below. However, since issuers usually don’t publish their credit limits online, it’s helpful to know which types of credit cards offer the highest limits.
Read more: How Credit Card Limits Work
Review of the best high limit credit cards
Top 5 High Limit Credit Cards
We chose these five credit cards not only because they offer cardholders a high credit limit, but also because they have a number of other valuable benefits.