What credit cards have a $20,000 limit?
For those looking for a Credit Cards with $20000 Limit Guaranteed Approval, there are several options available, including the Chase Sapphire Reserve, American Express Gold Card, Ink Business Preferred Credit Card, Capital One Venture X Rewards Credit Card, and the Chase Sapphire Preferred Card.
For those looking for a Credit Cards with $20000 Limit Guaranteed Approval, there are several options available, including the Chase Sapphire Reserve, American Express Gold Card, Ink Business Preferred Credit Card, Capital One Venture X Rewards Credit Card, and the Chase Sapphire Preferred Card.
The highest credit limit one can obtain depends on multiple factors, including income, credit history, and the credit card issuer's policies. While some individuals may qualify for credit limits exceeding $20,000, it often requires an excellent credit score and substantial income.
On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.
Yes, $20,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $20,000 or higher.
The OpenSky® Plus Secured Visa® Credit Card is the easiest credit card to get approved for because there's no credit check for new applicants. In addition to being easy to get, the OpenSky Plus Card has a $0 annual fee and reports to the major credit bureaus, making it easy to save money and build credit.
A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt.
The average credit limit for members who have matched with similar cards is $13,202, with $5,000 being the most common. The Platinum Card® from American Express does not have a traditional credit limit and was compared to similar premium cards.
To get approved for high-limit credit cards, you'll most likely need to have good or excellent credit and a steady income to support a higher credit limit. Picking the right card is important, too. You may be able to find the minimum starting credit limits listed in some cards' terms and conditions.
A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt. What qualifies as a good credit limit differs from person to person, though.
Which credit card gives you the highest limit with fair credit?
Petal® 2 “Cash Back, No Fees” Visa® Credit Card
It does not necessarily guarantee approval for any financial product. The Petal 2 Visa Credit Card, issued by WebBank, is the best high-limit credit card for people with average, fair or limited credit -- typically a credit score between 580 and 669.
The Bank of America card that gives the highest credit limit is the Bank of America® Customized Cash Rewards credit card, which has a reported maximum limit of $95,000. Your individual limit will be determined based on your credit history, income, outstanding debts, and other factors.
WalletHub, Financial Company
The Citi Double Cash® Card credit limit is $500, at a minimum, but some cardholders report getting limits as high as $50,000. Citi doesn't disclose an official maximum, but a good credit score and enough income will likely get you a high limit.
Let's say you have a balance of $20,000, and your credit card's APR is 20%, which is near the current average. If your card issuer uses the interest plus 1% calculation method, your minimum payment will be $533.33. That's quite a bit of money to pay for your credit card bill every month.
It will take 47 months to pay off $20,000 with payments of $600 per month, assuming the average credit card APR of around 18%. The time it takes to repay a balance depends on how often you make payments, how big your payments are and what the interest rate charged by the lender is.
You can get a maximum limit of up to $5,000, which is higher than most credit-building cards provide. There are also significantly fewer fees.
- OpenSky® Plus Secured Visa® Credit Card: Best for No credit check and no bank account required.
- Chime Secured Credit Builder Visa® Credit Card: Best for No credit check + flexibility and guardrails.
- Mission Lane Visa® Credit Card: Best for Unsecured card for bad credit.
- Best for students: Discover it® Student Cash Back.
- Best for no annual fee: Citi Double Cash® Card.
- Best secured credit card: Discover it® Secured Credit Card.
- Best for cash back: U.S. Bank Cash+® Visa® Secured Card.
- Best for no credit: Petal® 2 “Cash Back, No Fees” Visa® Credit Card.
The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on all purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card in 2024 gives about 1% back.
- Review Your Credit Report. ...
- Pay Your Bills on Time. ...
- Ask for Late Payment Forgiveness. ...
- Keep Credit Card Balances Low. ...
- Keep Old Credit Cards Active. ...
- Become an Authorized User. ...
- Consider a Credit Builder Loan. ...
- Take Out a Secured Credit Card.
Is it hard to get a $10,000 credit limit?
Credit limits are based largely on your income, debt, and credit history. So, the more money you make and the better your credit is, the higher the credit limit you can expect. It's possible to get a $10,000 limit on many credit cards, but finding cards with definite $10,000 minimums is difficult.
Bogdan Roberts, Credit Cards Moderator
The Chase Sapphire Preferred credit limit is $5,000, at a minimum. But some cardholders can get a credit limit higher than that. Plenty of Chase Sapphire Preferred cardholders report limits of at least $10,000, and some say they have a limit of $20,000 or more.
The easiest American Express cards to get are those that require a minimum of good credit for approval as opposed to excellent credit only. The Blue Cash Everyday® Card from American Express and the American Express Cash Magnet® Card are two of the easiest Amex cards to get because they only require good credit.
If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise. No preset spending limit means the spending limit is flexible.
According to anecdotal reports, the card's credit limit can be as low as $750 and as high as $10,000. However, Capital One does not list a minimum or maximum credit limit in the card's terms and conditions. If you want to aim for a higher credit limit, there are a number of areas...
References
- https://www.cnbc.com/select/how-having-multiple-credit-cards-impacts-credit-score/
- https://wallethub.com/answers/cc/how-long-to-pay-off-20000-credit-card-debt-1000423-2140858500/
- https://wallethub.com/answers/cc/is-20000-a-high-credit-card-limit-1000426-2140858582/
- https://wallethub.com/answers/cc/is-a-30000-credit-limit-good-1000310-2140812115/
- https://wallethub.com/answers/cc/chase-credit-card-limit-2140679596/
- https://wallethub.com/answers/pl/what-income-do-you-need-for-a-personal-loan-2140798927/
- https://wallethub.com/answers/cc/how-often-does-capital-one-platinum-increase-credit-limit-1000397-2140834579/
- https://www.nerdwallet.com/article/finance/how-many-credit-cards
- https://wallethub.com/answers/cc/how-do-i-get-a-10000-capital-one-credit-card-2140836809/
- https://thepointsguy.com/credit-cards/credit-cards-with-highest-limits/
- https://www.investopedia.com/financial-edge/0711/how-many-credit-cards-should-you-have.aspx
- https://www.fool.com/the-ascent/credit-cards/articles/where-can-i-use-my-discover-card/
- https://www.chase.com/personal/credit-cards/education/basics/high-limit-credit-cards
- https://wallethub.com/answers/cc/is-15000-a-high-credit-card-limit-1000426-2140858581/
- https://www.experian.com/blogs/ask-experian/how-does-income-affect-credit-limit/
- https://www.asksebby.com/building-credit/850-credit-score
- https://www.nerdwallet.com/best/credit-cards/easiest-to-get
- https://www.investopedia.com/articles/credit-loans-mortgages/081516/how-credit-card-companies-determine-credit-limit-expn.asp
- https://www.discover.com/credit-cards/card-smarts/good-credit-limit/
- https://www.nerdwallet.com/article/finance/750-credit-score
- https://www.fool.com/the-ascent/credit-cards/how-close-credit-card-without-hurting-your-credit-score/
- https://paytm.com/blog/credit-card/pros-and-cons-of-having-multiple-credit-cards/
- https://www.bankbazaar.com/credit-card/pros-and-cons-of-multiple-credit-cards.html
- https://wallethub.com/answers/cc/is-discover-a-good-credit-card-1000261-2140675191/
- https://www.creditkarma.com/credit-cards/insights/amex-platinum-card
- https://pay.amazon.com/help/201754640
- https://www.quora.com/Is-it-actually-possible-to-have-a-credit-card-limit-of-1-million-dollars-on-your-credit-card-or-is-that-fantasy
- https://www.experian.com/blogs/ask-experian/credit-education/score-basics/750-credit-score/
- https://www.forbes.com/advisor/credit-cards/discover-credit-card-benefits/
- https://www.forbes.com/advisor/credit-cards/how-many-credit-cards-should-i-have/
- https://www.experian.com/blogs/ask-experian/where-can-i-use-my-discover-credit-card/
- https://www.experian.com/blogs/ask-experian/how-many-credit-cards-should-i-have/
- https://www.credit.com/blog/average-credit-limit/
- https://www.bankrate.com/finance/credit-cards/does-card-inactivity-hurt-credit-score/
- https://wallethub.com/answers/cc/how-to-get-a-20k-credit-limit-2140856556/
- https://www.marketwatch.com/picks/i-have-20k-in-credit-card-debt-and-pay-400-a-month-just-in-interest-im-worried-about-this-large-sum-of-interest-im-paying-what-should-i-do-01675358619
- https://www.equifax.com/personal/education/credit-cards/articles/-/learn/how-many-credit-cards-should-i-have/
- https://www.americanexpress.com/us/customer-service/faq.spend-over-limit.html
- https://www.capitalone.com/learn-grow/money-management/credit-limit-increase-affect-credit-score/
- https://www.heartland.us/resources/blog/why-some-businesses-choose-to-not-accept-discover-card
- https://www.fool.com/the-ascent/credit-cards/articles/the-biggest-reason-why-capital-one-is-buying-discover-its-not-what-you-think/
- https://www.fool.com/the-ascent/credit-cards/hard-to-get-discover-card/
- https://wallethub.com/answers/cc/capital-one-quicksilver-credit-limit-1000420-2140658370/
- https://wallethub.com/best-credit-cards
- https://www.chime.com/blog/whats-a-good-credit-score-in-your-20s/
- https://www.bankrate.com/finance/credit-cards/reviews/mission-lane-credit-card/
- https://www.investopedia.com/what-is-the-easiest-credit-card-to-get-approved-for-5077189
- https://wallethub.com/answers/cc/how-to-get-a-credit-card-with-a-high-limit-2140665492/
- https://fortune.com/recommends/credit-cards/closing-a-credit-card/
- https://wallethub.com/answers/cc/highest-credit-card-limit-2140660035/
- https://www.investopedia.com/how-to-cancel-a-credit-card-4590033
- https://www.cnbc.com/select/how-to-check-your-approval-odds-for-a-credit-card-without-hurting-your-credit/
- https://wallethub.com/answers/cc/discover-it-cash-back-credit-limit-1000420-2140666940/
- https://www.fool.com/the-ascent/credit-cards/articles/you-might-not-realize-what-happens-when-you-spend-more-than-20000-on-your-credit-card/
- https://www.creditkarma.com/credit-cards/i/how-to-get-high-limit-credit-card
- https://medium.com/@aquilaresources/credit-cards-with-20000-limit-guaranteed-approval-6d4e52f553
- https://wallethub.com/answers/cc/is-a-100000-credit-limit-good-2140812129/
- https://www.rocketmortgage.com/learn/what-credit-score-is-needed-to-buy-a-house
- https://wallethub.com/answers/cc/discover-it-cashback-minimum-income-2140662401/
- https://www.equifax.com/personal/education/credit/score/articles/-/learn/why-credit-scores-may-drop-after-paying-off-debt/
- https://www.cnet.com/personal-finance/credit-cards/best/best-high-limit-credit-cards/
- https://www.discover.com/credit-cards/card-smarts/discover-cards-acceptance/
- https://wallethub.com/answers/cc/high-limit-credit-cards-for-bad-credit-2140679715/
- https://wallethub.com/answers/cc/is-a-70000-credit-limit-good-1000310-2140812126/
- https://wallethub.com/answers/cc/citi-double-cash-credit-limit-1000420-2140658175/
- https://www.investopedia.com/terms/d/discover-card.asp
- https://wallethub.com/answers/cc/what-is-a-good-credit-limit-2140787452/
- https://wallethub.com/answers/cc/what-credit-limit-can-i-get-with-a-750-credit-score-2140692642/
- https://wallethub.com/easiest-credit-card-to-get
- https://ramp.com/blog/high-limit-business-credit-cards
- https://wallethub.com/answers/cc/is-30000-a-high-credit-card-limit-1000426-2140858584/
- https://www.incharge.org/debt-relief/debt-management/how-to-pay-off-50000-credit-card-debt-strategies-advice/
- https://wallethub.com/hardest-credit-card-to-get
- https://wallethub.com/answers/cc/is-50000-a-high-credit-card-limit-1000426-2140858588/
- https://www.koho.ca/learn/zero-balance-on-credit-card/
- https://wallethub.com/answers/cc/credit-cards-with-10000-limit-2140677061/
- https://www.cnbc.com/select/what-is-considered-an-excellent-credit-score/
- https://wallethub.com/answers/cc/is-25000-a-high-credit-card-limit-1000426-2140858583/
- https://www.linkedin.com/pulse/credit-cards-20000-limit-guaranteed-approval-vishal-agrahari-qxrbf
- https://www.aura.com/learn/is-it-bad-to-have-too-many-credit-cards
- https://www.lloydsbank.com/credit-cards/help-and-guidance/credit-card-limits-explained.html
- https://wallethub.com/answers/cc/is-a-50000-credit-limit-good-1000310-2140812119/
- https://www.marketwatch.com/guides/personal-loans/20000-personal-loan/
- https://www.capitalone.com/learn-grow/money-management/credit-limit-increase/
- https://www.incharge.org/debt-relief/credit-counseling/success-stories/how-i-paid-off-30000-in-credit-card-debt/
- https://www.nerdwallet.com/article/finance/what-is-the-average-credit-score-by-age-and-what-is-a-good-score-for-my-age
- https://wallethub.com/edu/cc/how-many-credit-cards-should-i-have/25900
- https://www.discover.com/credit-cards/card-smarts/how-to-get-a-credit-card/
- https://awardwallet.com/blog/bank-america-credit-card-application-rules/
- https://wallethub.com/answers/cc/how-to-get-100k-credit-limit-2140784526/
- https://www.cnbc.com/select/how-to-get-a-high-limit-credit-card/
- https://www.fool.com/the-ascent/credit-cards/good-credit-limit/
- https://wallethub.com/answers/cc/chase-sapphire-preferred-credit-limit-1000420-2140676714/
- https://wallethub.com/answers/cc/highest-capital-one-credit-card-2140839183/
- https://www.bankrate.com/finance/credit-cards/how-many-credit-cards-is-too-many/
- https://www.chase.com/personal/credit-cards/education/credit-score/900-credit-score
- https://www.cnbc.com/select/easiest-credit-cards-to-get/
- https://wallethub.com/edu/discover-vs-visa/119546
- https://wallethub.com/answers/cc/credit-score-needed-for-discover-card-1000338-2140658738/
- https://www.creditstrong.com/raise-your-credit-score-100-points/
- https://wallethub.com/answers/cc/american-express-credit-score-requirements-1000338-2140726659/
- https://www.forbes.com/advisor/credit-cards/average-credit-card-limit/
- https://www.chase.com/personal/credit-cards/education/basics/what-is-a-good-credit-limit
- https://wallethub.com/answers/cs/how-rare-is-a-700-credit-score-1000033-2140833760/
- https://www.forbes.com/advisor/credit-cards/capital-one-credit-line-increase/
- https://wallethub.com/answers/cc/highest-bank-of-america-credit-card-limit-2140831931/
- https://wallethub.com/answers/pl/monthly-payment-on-a-20000-personal-loan-1000450-2140762725/
- https://wallethub.com/answers/cc/does-discover-automatically-increase-credit-limit-1000329-2140758876/
- https://www.discover.com/credit-cards/card-smarts/check-your-fico-score-for-free/
- https://wallethub.com/answers/cc/is-40000-a-high-credit-card-limit-1000426-2140858586/
- https://wallethub.com/answers/cc/what-is-the-highest-credit-limit-on-a-discover-card-2140745236/
- https://www.yahoo.com/lifestyle/dozen-credit-cards-keep-credit-184529612.html