The list of the best credit cards with the highest limits will help passionate shoppers and travelers to choose the credit card that will satisfy all of their wishes and needs. The first successful credit card in the United States and the world was called the BankAmericard, and it was launched in Fresno, CA in 1958. This card has later turned into VISA and become the world’s most popular credit card brand. Since then the credit cards have overtaken the world by storm, due to their practicality and the easiness of use. Today, we can choose between dozens of different credit card brands and deals, with each one providing a unique value offer.
Passionate shoppers, who purchase things with their credit cards on a daily basis, are usually looking for cards with the highest limits. These cards are made for wealthier customers. The high-limit credit cards require good credit and offer plenty of premium advantages to their owners.
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Technically, most of the premium cards don’t have a limit. Still, that is only in theory, because most banks and credit unions that issue them will put an unofficial limit after a few tens of thousands of dollars. Banks also decide on the cards’ limits from case to case. If they think that you will be able to repay the debt, they will approve your purchase.
Since only the people with an incredibly good credit score can receive high-limit credit cards before you apply to one of those you should check your credit and try to repair it if needed. There are many ways how you can improve your credit, but the most important thing is to pay all of your credit installments on time. Apart from a good credit score, these cards also require you to have an adequate income. Still, some high-limit credit cards can be issued to clients whose income is only $100 higher than their monthly expenses.
High-limit credit cards bring plenty of benefits to their owners. They lower their credit utilization and increase their credit score. FICO improves your credit if you are using the amount that is close to your limit. If you use a premium credit card and always have the adequate sum on your account, you will get future loans and additional credit much easier. Premium cards can be very helpful in emergency situations. By allowing you to make large credit purchases, these cards will help you to purchase products on sales, catch the best deals and save your money.
When choosing the desired card, you need to pay close attention to the terms of use. Read them carefully, including the small letters and consult your financial advisor, if you have any doubts. Also, make sure that you take them from respectable banks and other financial institutions. The list of the Largest Financial Services Companies by AUM will help you to find the most perspective credit card deals, offered by the strongest players on the credit market.
For making our list of the best credit cards with the highest limits, we used the information from very popular banking and credit card websites, Go Bank Rates, which lists the ten cards with the highest limits and the lowest interest rates, and Card Rates. To find the specific information about each card, we have visited their official pages and reviewed all advantages they offer.
We have given each card from zero to four points depending on their average APR. In addition to APR, we also took into consideration the length of the Intro period, so the cards with 15 months intro received four points, the ones with 12 months received three and the ones with six received only one point. In the end, we evaluated the cashback offer and various other benefits. For example, the cards that provide plane miles received one point for this feature. When it comes to cashback, we focused on unlimited cashback, where cards with 1.5% have received two, and the ones with 1% received one point. The 5% cashback on special expense categories and bonus amounts in the first few months were listed as unique features, and cards received one point for each one of these.
Since most companies offer similar conditions, when ranking two or more different cards with the same number of points, the ones with lower APRs, more additional features, and the higher cashback percentage have been promoted higher up. Now let’s see our list of best credit cards with the highest limits.
11. Barclays Rewards MasterCard
Score: 2 points;
Fee: 0$ (1 point);
APR: 25.24% (0 points);
Intro: No intro (0 points);
Cashback and other benefits: 0%, but you get points for gas, utility and grocery store purchases (1 point);
The Barclaycard Rewards MasterCard can be very interesting to users, who would rather opt for points that can be used for specific expenses, like gas, utility or grocery purchases, than for the classic cashback. Apart from this feature, the card offers a standard 25.24% APR, with no intro period. This is far from being an affordable interest rate, which is why the card ranked so low on our list.
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10. Chase Sapphire Preferred Card
Score: 2 points;
Fee: $0 for the first year, afterward is $95 (0 points);
APR: 16.74% – 23.74% (1 point);
Intro: no intro period (0 points);
Cashback and other benefits: 0%, but you can earn points for different purchases which can be used for shopping or travel (1 point);
This is the most interesting traveling card offer on the list of best credit cards with the highest limits. Although Sapphire doesn’t come with cashback, low APR or an introductory rates period, it is still one of the best traveling cards. Each purchase gives you points. You can get 2 points per dollar on dining and travel and 1 point per dollar on all other purchase. You can use the points for future shopping, or you can transfer them to leading loyalty programs organized by airlines and famous hotels. The card also doesn’t charge foreign transaction fees, and that is why it is the best solution for people who travel frequently.
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9. Barclaycard Arrival Plus World Elite MasterCard
Score: 7 points
Fee: $0 for the first year, afterward is $89 (0 points);
APR: 16.24% – 20.24% (3 points);
Intro: 0% for 12 months (3 points);
Cashback and other benefits: 2 miles on each $1, and 40,000 bonus miles for every $3,000 spent in the first three months (1 points);
If you are looking for a mile credit card that offers incredible mile per dollar ratio and a huge bonus that you can achieve in first three months of card use, the Barclaycard’s Arrival Plus World Elite is the right choice for you. Apart from the miles, you will also get reasonable interest rates and 12 months of introductory rates period. Only bad thing about Barclaycard’s best-selling mile card is that after one year of free use you need to start paying the annual fee of $89. No wonder it’s on our list of best credit cards with the highest limits, right?
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8. Wells Fargo Cash Wise Visa Card
Score: 8 points;
Fee: $0 (1 point);
APR: 13.99% – 25.99% (1 point);
Intro: 0% for 12 months (3 points);
Cashback and other benefits: 1.5% on ever purchase, $200 cash bonus after spending $1,000 in the first three months (3 points);
Wells Fargo credit card, next on our list of best credit cards with the highest limits offer comes with a little bit higher interest rate, which is compensated by the 12 months intro period and 1.5% cashback on all purchases. Unlike similar cards issued by Discovery and Capital One, Fargo’s Cash Wise card doesn’t provide a 5% cashback for different purchases, but it allows users to receive a $200 cash bonus for spending $1,000 in the first three months of use. This bonus is excellent for card holders who have taken it for big payments.
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7. Capital One Quicksilver Cash Rewards Credit Card
Score: 8 points;
Fee: 0$ (1 point);
APR: 13.99% – 23.99% (2 points);
Intro: 0% for 9 months (2 points);
Cashback and other benefits: 1.5% unlimited, $100 cash bonus on every $500 in the first three months (3 points);
Although Capital One Quicksilver Cash Rewards credit card that is up next on our list of best credit cards with the highest limits only offers nine months of introductory rate period, it has won a lot of credit card consumers with its relatively affordable rates and incredible cashback offers. You will get an unlimited 1.5% cashback for every purchase you make, and in the first three months of use, you can also get the 5% cashback for certain categories of expenses that are introduced by the Capital One on a quarterly basis.
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6. Barclaycard CashForward World MasterCard
Score: 9 points;
Fee: $0 (1 point);
APR: 15.99% – 25.99% (1 point);
Intro: 0% for 15 months (4 points);
Cashback and other benefits: 1.5% unlimited, $200 cash rewards for spending $1,000 in the first three months (3 points);
We are continuing our list of best credit cards with the highest limits with Barclaycard’s Cash Forward credit card that offers solid terms to users. You can get attractive $200 cash rewards for spending $1,000. There’s also a 5% cash rewards’ redemption bonus that can be used toward the next redemption. The card also comes with the 1.5% cashback rate. This rate, as well as all other rewards, are valid as long as the credit card account is open, so there’s no deadline for their use. Still, Barclaycard’s CashForward is one of the high-limit cards on our list that comes with the highest APR, which is the reason why it hasn’t been ranked higher.
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5. Discover It Miles Travel Credit Card
Score: 9 points;
Fee: 0$ (1 point);
APR: 11.23% – 23.24% (4 points);
Intro: 0% for 12 months (3 points);
Cashback and other benefits: 0%, but you get miles instead, 1.5 miles on every dollar spent (1 point);
Affordable rates are the main reason why Discover It cards have received such a high ranking on our list of best cards with the highest limit. Discover It Miles Travel Credit Card doesn’t offer too many features when it comes to cashback, but it has the highest miles per dollar ratio among all mile cards. For each dollar you spend with Discover It Miles, you will receive 1.5 miles. In addition to this, you can enjoy the low APR and 12 months of introductory rates period, making it one of the best credit cards with the highest limits.
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4. Discover It 18 Months Balance Transfer Offer
Score: 9 points;
Fee: $0 (1 point);
APR: 11.99% – 23.99% (4 points);
Intro: $0 for six months and 18 months for transfers (2 points)
Cashback and other benefits: 1% unlimited, 5% on bonus categories (2 points);
Discover It’s special transfer offer comes with a standard low APR and 1% cashback, like all other high limit cards from this company. In addition to this, it also provides an extended introductory rates period for balances, which lasts incredible 18 months. Unfortunately, they manage to offer such a long intro, by deducting six months from the standard 12 months offer for all other payment means. Still, Discover It 18 Months Balance Transfer Offer is the best option for people who pay most of their expenses with card transfers.
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3. Capital One Venture One Rewards Credit Card
Score: 9 points;
Fee: 0$ (1 point);
APR: 12.24% – 22.24% (4 points);
Intro: 0% for 12 months (3 points);
Cashback and other benefits: 0%, but you get miles instead, 20,000 on $1k purchases in first three months and 1.25x for every dollar afterward (1 point);
As a reward credit card, the Capital One Venture One that ranks 3rd on our list of best credit cards with the highest limits is more useful to people who are looking for miles and travel deals. Each dollar you spend with it adds 1.25 miles to your account. In the first three months of use, you also get additional 20,000 miles for each $1,000 purchase you make. This means that you need only two of these purchases to fly to far away continents and travel the world.
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2. Chase Freedom Unlimited Card
Score: 9 points;
Fee: 0$ (1 point);
APR: 15.74% – 24.49% (1 point);
Intro: 0% for 15 months (4 points);
Cashback and other benefits: 1.5%, and a $150 bonus on each $500 in the first three months (3 points);
Chase Freedom has a very high rating on Card Rates and many other credit card ranking platforms. It offers a 1.5% cashback on every purchase, which is also spiced up with the 5% for special types of expenses. The company chooses these categories on the quarterly basis. In addition to that Chase Freedom also allows you to earn an extra $150 bonus on every $500 you spend during the first three months of card use. This card’s introductory rates period is also three months longer than the ones offered by its major competitors, including the Discover It.
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1. Discover It Cash Back Match
Score: 10 points;
Fee: $0 (1 point);
APR: 11.99% – 23.99% (3 points);
Intro: 0% for 15 months (4 points);
Cashback and other benefits: 1% on all purchases, 5% on categories, cashback match (2 points);
Discover It Cash Back Match is the winner of our list of the best credit cards with the highest limits. It offers competitive rates and a long list of features, basically like any other Discover It card. The feature that we have liked the most is the Cashback Match, which doubles the cashback earnings that you have made during the first year of use. Of course, this is available only for the users that use the card for the first time. Discover It traditionally offers very low APR’s. When it comes to cashback, apart from the 1% that is available for unlimited purchases, there’s also a 5% cashback for the special bonus categories.
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