7 Best HIGH LIMIT Credit Cards for Fair Credit in 2022

7 Best HIGH LIMIT Credit Cards for fair credit in 2022

https://www.creditkarma.com/signup?headline=the-best-high-limit-credit-cards-of-2022

Best for premium travel: Chase Sapphire Reserve® — $10,000 minimum limit

Learn More
Here’s why: The Chase Sapphire Reserve® comes with a high minimum credit limit of $10,000

New cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months after their account opens, and points are worth 50% more when redeemed for travel through the Chase Ultimate Rewards® portal. Plus, cardholders get a $300 annual travel credit.

The card comes with a $550 annual fee, but there are numerous other valuable perks that can help cover the cost.

Best for entry-level travel: Chase Sapphire Preferred® Card — $5,000 minimum limit

Learn More
Here’s why: The Chase Sapphire Preferred® Card comes with a $5,000 minimum credit line, but we’ve seen claims that the credit limits for this card can be as high as $100,000. Just keep in mind that it’s rare to get a credit limit on the highest end of that spectrum.

Even without that super-high limit, you can get value out of the card’s impressive rewards. New cardholders can earn 60,000 bonus points when they spend $4,000 on purchases in the first 3 months after their account opens. According to Credit Karma’s point valuations, the bonus can be worth $1,308 when redeemed with a travel transfer partner.

The card comes with a $95 annual fee.

Best for simple cash back: Citi® Double Cash Card — $500 minimum limit

Here’s why: This card has a relatively low minimum credit limit of $500, but Credit Karma user reviews and reports elsewhere say you may be able to get limits closer to $10,000, or even $40,000 or higher, after credit limit increases.

No matter your credit limit, the Citi® Double Cash Card offers straightforward rewards with the ability to earn 2% back on all purchases — 1% when you use the card and 1% when you pay your bill. It also has a $0 annual fee.

Best for bonus cash back: Chase Freedom Unlimited® — $500 minimum limit

Learn More
Here’s why: The Chase Freedom Unlimited® offers a $500 minimum credit limit, but the limit is at least $5,000 if you’re approved for the Visa Signature® version of the card.

Beyond those minimum limits, this card offers plenty of opportunities to earn cash back. You can earn 5% back on travel booked through Chase Ultimate Rewards®, 3% back on dining at restaurants and drugstore purchases, and 1.5% on all other purchases.

Plus, the card comes with a $0 annual fee that won’t cut into your earnings.

Best for building credit: Petal® 2 Visa® Credit Card — $300 to $10,000 limit

See details, rates & fees
Here’s why: If you’re not sure you’ll be able to qualify for some of the rewards cards on this list, the Petal® 2 Visa® Credit Card could help you build your credit while also providing a higher credit limit. This card lists both its minimum and maximum credit limits — if you’re approved, your limit will be anywhere between $300 and $10,000. Plus, you can see if you’re preapproved for the card on the Petal website without affecting your credit scores, though preapproval doesn’t guarantee you’ll be approved once you formally apply.

If you’re approved, this card offers the ability to build credit without paying any fees (apart from any interest that may add up if you carry a balance). You can also earn cash back — all cardholders earn at least 1% back on all eligible purchases, and that rate could go as high as 1.5% after making 12 on-time payments.

Best for rebuilding credit: U.S. Bank Secured Visa® Card — $300 to $5,000 limit
Here’s why: A secured credit card can be a useful way to build credit, but your limit is often determined by the size of your security deposit. With the U.S. Bank Secured Visa® Card, that deposit can be anywhere from $300 to $5,000 to set your credit line.

While the higher end of the range might not make sense for everyone looking to build credit, that high limit at least provides flexibility if you’re able to pay the deposit.

This card doesn’t offer many extra features, but it doesn’t charge an annual fee, and you’ll be able to choose your payment due date.

Best for students: Discover it® Student Cash Back — $500 minimum limit

See details, rates & fees
Here’s why: Students looking to start their credit journey who qualify for this card can get a minimum credit limit of $500. Student credit cards aren’t known for having the highest credit limits compared to other kinds of cards, but this card’s minimum limit at least gives you some clarity.

Those students who get approved for the Discover it® Student Cash Back can look forward to plenty of great features, too. The card charges a $0 annual fee and offers 5% back on up to $1,500 spent on purchases (then 1%) in quarterly rotating categories that must be activated. All other purchases earn 1% back.

Additionally, the Discover it® Student Cash Back waives the late fee on your first missed payment.