After 22 hours of research evaluating 115 products, we picked Chase Sapphire Preferred Credit Card as our top choice.
Many of us kick off our credit history with low-limit credit cards. In fact, it’s not uncommon to have an initial limit as low as $200 or $300 on a store credit card.
Over time, your limit may increase to $500, $1,000, or even $10,000.
But it doesn’t have to stop there. High limit credit cards are a breed of their own.
If that describes you, you’re in the right place. We’ve compiled a list of the best high limit credit cards for responsible folks just like you. Whether you feel drawn to the Chase Sapphire Preferred card, the Platinum American Express or one of our other favorites, we’re confident you’ll find one that addresses your credit needs.
Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
This article was last updated October 11, 2019 but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.
Application Process: Apply online for a near-instant decision, or call (800) 347-0264. You typically need credit in the good to excellent range to get approved, so take some time to fix your FICO if you aren’t quite there yet.
Fees: Cardholders appreciate that this Discover card has no annual fee and no monthly maintenance fee. Balance transfers carry a 3% fee per transfer, and cash advances cost $10 or 5% of each cash advance amount, whichever is greater.
Discover kindly waives your first late payment fee. After that, expect to shell out $37 for late payments. There’s also a $37 fee for returned payments.
Rewards: Reward amounts vary with this Discover card, but you’ll always earn at least 1% cash back on qualifying purchases. Each quarter, there are rotating categories that reward you with 5% cash back for eligible purchases.
Bonus Offers: If you have multiple credit cards, you may want to focus on this one for your first year. Discover matches all cash-back rewards from your first 12 months as a cardholder.Details:Discover It Cash Back Card »
If you travel a lot, especially for business, the Chase Sapphire Reserve credit card may be your perfect fit. Automatically receive $300 in statement credits for travel purchases this year, in addition to access to over 1,000 travel lounges worldwide.
Even if you don't frequently travel, the Chase Sapphire Reserve card offers a great rewards program and high bonuses. No foreign transaction fees are the cherry on top of an excellent credit card option.
Even for the best of the best Chase credit cards, it can certainly be hard to justify the high annual fee and high spending required to get bonus rewards. While the Chase Sapphire Reserve is generous in the rewards it offers users, it’s only recommended for people that extensively travel, spend a lot on dining, and can earn enough rewards to balance out the hefty $450 annual fee.
Application Process: Online, using a similar form to apply for all of the best chase credit cards.
Annual Fee: A whopping $450, but check out the bonus offers to understand how this is justified.
Rewards: Get 50% more value when you redeem rewards points through Chase Ultimate Rewards program. For example, 50,000 points are worth $750 on Chase Ultimate Rewards. Alternatively, you can redeem rewards points for statement credit, but at a 1 point to 1 cent ratio.
Bonus Offers: Here's where things get juicy. Though the credit card may seem hard to justify at $450/year, the bonuses are plentiful and include the ability to:
Application Process: Apply online and receive a decision in as little as 60 seconds.
Rewards: Earn 2 miles per dollar spent on purchases made directly with Delta and 1 mile for every dollar spent on all other eligible purchases.
Annual Fee: $0 introductory annual fee for the first year, then pay $95 per year thereafter.
Bonus Offers: Earn 30,000 bonus miles after you make $1,000 in purchases within your first 3 months.Details:Gold Delta SkyMiles® Credit Card from American Express »
Application Process: Apply online and get a response within 60 seconds.
Bonus Offers: None.
Annual Fee: None.Details:Citi Simplicity® Card »
Travelers will appreciate that there are no foreign transaction fees associated with this credit card. Everyone will appreciate that you don’t have to be purposeful to collect your rewards, as the Quicksilver Cash Rewards Card offers a flat, unlimited 1.5% cash back rate on all purchases.
If you’re new to the world of credit cards, this card might be your perfect match. But if you’re a little more of an experienced user, you can certainly find higher percent cash back credit cards for a small annual fee that will likely be more than justified. A related example? The Capital One Spark Cash for Business credit card. Additionally, you may be interested in using one of the best Capital One credit cards for balance transfers... until you find out that it comes with a 3% balance transfer fee.
Application Process: Apply online just as you would with the other best Capital One credit cards on this list.
Annual Fee: Absolutely no annual fees! Definitely a perk of this credit card.
Rewards and Redemption Options: It’s very simple: earn an unlimited flat rate of 1.5% cash back, which does not expire. You can redeem this cash back as a statement credit or cheque.
Bonus Offers: Just about anyone using this credit card will earn a $150 bonus after spending $500 on purchases within 3 months of account opening.Details:Capital One Quicksilver Cash Rewards Card »
Application Process: Apply online and get a response within 60 seconds.
Rewards: Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate; unlimited 1% cash back on all other purchases.
Bonus Offers: Score a $150 Bonus after you spend $500 on purchases during your first 3 months as a cardholder. Get $25 more when an authorized user makes their first purchase in the same 3 month period.
Annual fee: None.Details:Chase Freedom® »
There's a lot to love about the Chase Freedom Unlimited cash back credit card. It provides a high rewards rate with no nonsense in terms of rotating spending categories - just a flat 1.5% back on every purchase you make with the card. With responsible use, you won't have to pay a penny to use this card, as there's no annual fee.
As far as actually getting the cash back you've earned, there's no minimum required for redemption, and cash back earnings can be redeemed for any amount (unlike the Chase Freedom card, which requires a minimum $20). On top of that, there's a relatively small minimum spend required to earn the lucrative account opening bonus.
The Chase Freedom Unlimited card doesn't offer any specific bonus categories, due to its nature as a flat-rate cash back credit card. So those who know their high-spending categories (like groceries, for example) may want to opt instead for a cash back credit card that caters to their spending habits.
While going through this list, you'll also notice that it's not the highest flat-rate cash back card around. There's also a foreign transaction fee, so if you want a credit card specifically for international travel you should look into opening a credit card that caters specifically to travelers.
Application Process: Online, over the phone, or at a branch. Online is the easiest method, but it's nice to know that you have options!
Annual Fee: No annual fee! How's that for maximizing the money in your pocket? Balance transfer fees are $5 or 5% of the transferred amount (whichever is greater).
APR: 0% for the first 15 months, then a variable APR of 16.24% to 24.99%.
Rewards: You can redeem your rewards as cash back in the form of:
Or, you can also redeem rewards using the Chase Ultimate Rewards points. Ultimate Rewards points are worth 1 cent each and may be claimed through the Ultimate Rewards portal for:
Bonus Offers: Earn a $150 bonus after spending $500, within 3 months after opening a new account. Additionally, you can also earn $25 if you opt to add an authorized user of the card, and that person makes their first purchase within the 3 month period.Details:Chase Freedom Unlimited® »
Enjoy VIP status when you whip out your Platinum AmEx at participating airports, restaurants, and hotels. No foreign transaction fees.
Hefty annual fee - but it’s worth it if you’re a frequent traveler. The card’s benefits are incredible.
Application Process: Find out whether you need to clear a spot in your wallet for this Platinum American Express in just 30 seconds. The online app is super simple.
Bonus Offers: Want an easy 60,000 points? Just charge $5,000 in the first 3 months with your Platinum AmEx. This impressive bonus offer basically knocks out the annual fee that some people gripe about paying (more on that later).
Rewards: Wow, where do we even begin? You can rack up more rewards with this credit card than any other card on this list. Here are some perks that cardholders love:
APR: You don’t pay interest on your purchases because you aren’t allowed to carry a balance. You have to pay off this card in full each month.
Annual Fee: At $550, the annual fee is the highest on our list (and some folks gripe about it). Most cardholders feel the fee is reasonable, though, since you get an insane amount of benefits with this Platinum AmEx.Details:The Platinum Card from American Express »
This card stands out thanks to a high rewards rate of 2x the miles per $1 spent, plus flexible, user-friendly redemption options. Like many of the other best Capital One credit cards, the use of this card means no foreign transaction fees—a perfect pair with mileage-focused rewards points.
If you’re a frequent traveler, you might be deterred from this card because of the fact that it offers no airline specific perks. You may be better off with more specific airline credit cards. Furthermore, you won’t get a lot out of this credit card if you’re looking for general cash back benefits—this is a card whose strength lies in travel.
Application Process: Apply for your shiny new credit card on Capital One’s website and receive a decision within seconds.
Annual Fee: This credit card comes with a fee of $95 per year, but you’ll get a free pass during your first year of use.
Rewards and Redemption Options: There are two ways to claim rewards when using this card:
What makes Capital One’s Purchase Eraser different than the standard option is that there is no minimum for full travel statement credit options, just a 2,500 mile minimum for partial travel credit redemptions. This means that you can redeem at least $25 to help offset costs for more expensive tickets.
Bonus Offers: Capital One offers a one time bonus of 50,000 miles for every $3,000 spent in the first 3 months of account opening, or $500 in rewards.Details:Capital One Venture Rewards Card »
Application Process: You know the drill: Input some general info online for a quick decision. If your FICO is below 650, you may want to hold off on applying for now. This card is geared toward people with excellent credit.
Fees: Unfortunately this card has a $95 annual fee after your first 12 months; prior to that, there’s no fee. However, many customers feel the card’s perks justify the annual fee.
Balance transfers cost $5 or 5% of each transfer amount, whichever is greater. Cash advances will set you back $10 or 5% of each transaction amount, whichever is greater.
There are no foreign transaction fees, which makes this card popular with frequent travelers.
Late payment fees work a little differently than most credit cards - Chase considers your balance rather than charging the same amount for everyone. You’ll pay up to $15 if the balance is less than $100, up to $27 if the balance is $100 to less than $250, and up to $37 if the balance is $250 or more.
Returned payments typically carry a $37 fee.
Rewards: Collect at least 1 point for every dollar you spend with this Chase credit card. Travel-related purchases and purchases at restaurants are worth 2 points per dollar.
Points transfer with a 1:1 value to many popular airline and hotel loyalty programs, which makes customers happy. Maximize your rewards by redeeming them through Chase Ultimate Rewards for 25% more value. For example, 50,000 points are worth $625 through this portal.
Chase Ultimate Rewards takes care of its members. There are no blackout dates or other restrictions, so you can travel when you want as long as seats are available on your preferred flight.
Bonus Offers: Earn a whopping 50,000 bonus points when you spend $4,000 on purchases during your first 3 months as a cardholder. You can also collect 5,000 bonus points when you add an authorized user to your account and make a purchase during the first 3 months as a cardholder.Details:Chase Sapphire Preferred Credit Card »