Best High Limit Credit Cards

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It is a known fact that high limit credit cards are usually given out only to the applicants with a perfect credit score. Though it is true and an individual with good credit score can generally get a credit limit of $5000, and one with excellent credit score can get approved for a credit limit of $10,000, the credit score alone doesn’t play as a deciding factor.

The banks and financial companies also check the affordability of the customer before setting the credit card limit. Now you might be having a good credit score but will you be able to afford to make high expenses after considering your income, assets and existing debt obligations? This is the reason why most of the credit card companies offer credit limits starting from as low as $250, even to the people with good and a higher credit score.

Also, the idea of “high limit” is entirely theoretical and its limit might vary from one individual to another. You can go through the terms and highlights of each one of them and then decide which suits your requirements aptly.

Discover It Cash Back

Annual Fee: $0

Purchase Intro APR: 0% for the first 14 months

Transfer Intro APR: 0% for the first 14 months

Transfer Fee: 3%

Regular APR: 13.99% – 24.99% (Variable)

Rewards Rate: 1% – 5% Cash Back

Rewards Bonus: None

Minimum Credit Score Requirement: Good

Rewards Details

  • All your points will be matched automatically at the end of the first year.
  • There is no maximum limit to the number of points that can be matched.
  • 5% cash back is offered at different places each time you activate quarterly. These places include gas stations, restaurants, Amazon.com, and grocery stores.
  • 1% cash back is provided on all the other purchases.
  • The rewards points never expire, and you can redeem them whenever you want to.

Chase Freedom Unlimited

Annual Fee: $0

Purchase Intro APR: 0% for first 15 months

Transfer Intro APR: 0% for 15 months

Regular APR: 16.99% – 25.74% (Variable)

Rewards Bonus: $150

Minimum Credit Score Requirement: Excellent

Reward Details

  • Flat cash back of 1.5% is offered on all the purchases made using this card, with no maximum amount restriction.
  • There is sign up bonus offer of earning $150 on making the purchases of $300 within the first three months with your Chase card.
  • There is no minimum limit to redeem rewards.
  • Cashback rewards never expire as long as your account is active.
  • 0% APR rate applies to all the purchases and bank transfers for the first 15 months. Subsequently, there is a variable rate of 16.99% to 25.74%, and you will be charged according to your credit score.
  • The balance transfer fee is $5 or 3% on the amount transferred, whichever is higher.

Capital One Quicksilver Cash Rewards Credit Card

Annual Fee: $0

Purchase Intro APR: 0% for first 15 months

Transfer Intro APR: 0% for first 15 months

Regular APR: 14.74% – 24.74% (Variable)

Transfer Fee: 3%

Rewards Rate: 1.5% Cash Back

Rewards Bonus: $150

Minimum Credit: Good

Reward Details

  • There is a sign-up bonus offer of earning $150 cash back on making the purchases of $500 within the first three months from issuing of the card.
  • Flat cash back of 1.5% is offered on all the purchases made using this card, with no maximum amount restriction.
  • There is no need for rotating categories or sign-ups to earn rewards. You can earn as many cash rewards as you spend, with no maximum limit.
  • The rewards never expire, and you can redeem them at any time you want to.
  • There is no foreign transaction fee.
  • 0% APR rate applies to all the purchases and bank transfers for the first 15 months. Subsequently, there is a variable rate of 14.74% – 24.74%, and you will be charged according to your credit score.
  • 3% fee is charged on the amount transferred within the first 15 months.

 

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