$5,000 Limit Credit Card?

Posted by CreditCardGuru

Q: Over the past few years it seems like banks aren’t being quite as generous with credit limits as they once were. I have great credit but my cards only have $1,800 and $2,600 limits. How can I get a $5,000 limit credit card?

A: You are absolutely right in that high limit credit cards are more difficult to obtain than they were prior to the financial meltdown and the recession that followed, even for those with excellent credit. Because the credit card industry got torched with high credit during those years they now are still tighter when it comes to granting credit, even though their profits are once again at record levels.

3 tips for how to get a $5,000 credit limit in 2014:

Apply for a premium tier credit card – If you have good to excellent credit, then you should apply for cards which are targeted toward high-end customers. However, do NOT apply for charge cards like the Gold or Platinum from AmEx if you are simply seeking a fat credit line because those do not have a definitive preset credit limit like a credit card, so those are best avoided.

Here are some recommended offers for Q3/Q4 2014:

Ask for credit limit increases periodically - This applies to existing cards as well as any new cards you get. Every few months or so check with customer service to see if you qualify for an automatic credit limit increase. Each credit card issuer will have a different policy concerning the frequency with which a customer’s credit limit can be raised, so ask the customer service rep to check for you. Regardless of your initial credit line assignment, you can probably build up to at least a $5,000 limit over time if you play your cards right. But be careful because most banks will do a hard pull (credit inquiry) when you request an increase. That’s bad for your credit score, so it can be better to just let the bank be proactive and increase your limit on their terms.

Use your card responsibly – Recently a forum member asked requested credit limit increase on a card, but was denied due to card inactivity. So they began charging regularly with the card and paying in full each month – and after a few months, they decided to raise the member’s credit limit proactively. Of course, make sure you always pay on time with all accounts and never exceed 30% of your credit limit on any card (doing so can reportedly impact your credit score).

My recommendation for a high limit credit card
If you have good credit, you should check out the Discover it. It’s a higher-end card and known for being generous with credit limits. Many people report getting better than a $5,000 limit, even at times when other issuers weren’t being so nice.

However, if your credit is only average/fair, then check out these cards. The only almost guaranteed way to get this size of limit though is with a secured card where you put up a $5,000 security deposit, which would then become your limit. The term “almost” is used because not even secured accounts are guaranteed – there are still minimum requirements you need to fulfill for approval.

Written or last updated August 4, 2014


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20 comments... read them below or add your own

  1. Mechelle Powers November 19, 2014 at 9:24AM

    I just Wanna rebuild my credit. I’ve move into a new house I lost everything in a fire. But a few clothes I have$1,000 dollars save. However a $5000 dollor credit will help build my credit an buy some used furniture

  2. VICTORIA HERSCHA November 12, 2014 at 8:22AM

    I need an emergency credit card with at least a $5000 credit limit for emergencies.

  3. VICTORIA HERSCHA November 10, 2014 at 8:11AM

    I would like to know how I can get approved for a credit card. I need it for security reasons and my credit is not that bad.

  4. VICTORIA HERSCHA November 5, 2014 at 11:26AM

    I would like to know how I can get approved for a $5000 credit card.

  5. gena sims September 29, 2014 at 8:51AM

    I need this credit limit because i recently moved and i was trying to get the gas on and my bill is old from a previous address and i have to pay it off to have gas in my place so that i wont loose my place being on section8 an all i really need to get this before it gets cold

  6. le June 1, 2014 at 4:33PM

    It would help with hospital bills

  7. Tom December 31, 2013 at 5:19PM

    For those looking for helpful information:

    I started with zero credit. Every application was denied for a simple credit card.

    I received in the mail an application for a Discover IT card. They required that I scan / send photos of my current ID, social, and/or a recent bill. I went through with it, as I figured it wouldn’t hurt. I’m salaried at roughly 40k a year and have been with my current job for almost 4 years. I’m sure this may have helped. My original credit line was 1,250. This was great. No problems. I just used the card to pay my normal bills. I kept my credit usage close to 80%, which I know is generally frowned upon, but I always made good payments. The last few have been around $500 month and in return, I generally spend that $500 again on the card.

    Tonight I called in (New Years Eve, of all times) as I was curious as to what was required in order to raise my limit. I would have been happy with a $250 increase. Didn’t matter. After 6 months of usage, they approved me of a $5,250 credit line! WHAT!? WHAT?! I would have been happy with an increase of $250. At any rate, if I can do it, so can you.

    • hilda January 16, 2014 at 10:53AM

      Which credit card did you apply for?

  8. Kim Batiz March 22, 2013 at 12:40PM

    Which card do you recommend for rebuilding credit?

  9. Tammy Fields October 13, 2012 at 10:46PM

    I really need credit card money. I had 5 kids and none of my man’s will pay me – I am hurtin’ for some new couches. One says he loves me but none of that i be thinking is true.

    I really need some new stuff in my life to make it better – can anyone suggest what to do?

  10. selin August 25, 2012 at 4:34PM

    I making monthly $ 2,000 I would like to get credit card has a 5,000 credit limit, I won’t use this card expect for emergy please I need your help please give me a chance.

  11. Sandra Gentry August 20, 2012 at 12:45PM

    I need to find a credit card that will give me a 5000 credit limit; to combine some small debts. I have had bankruptcy and no one else will help me.

    • Sandra January 5, 2014 at 1:02PM

      Need 3,500 to help with home improvements and pay exciting cards off

    • Rodney Martin July 17, 2014 at 4:15AM

      I have a credit card that has 5000.00 dollar debt interst rate 25 percent is there anybody bank that give me a loan that would cut that rate to help me out

  12. tammie stewart July 27, 2012 at 10:38AM

    I really need this card I have seven kids and a single parent school is about to start I’ll pay it back no matter what it takes just give me a chance.

  13. kevin j williams July 24, 2012 at 6:54PM

    i really need this credit card

  14. Jason November 23, 2011 at 10:07AM

    I have two credit cards. We always pay on it about every week because we have to cause of the job that I have. Always staying in the hotel and the company that I work for only gives us $30 dollars a day for perdiem. Not workin much cause of the weather. On unemployment for a week and go back to work for a couple of weeks and back on unemployment. But roughly work about 50 to 60 hours a week. Doing road construction.

  15. latrena smith November 10, 2011 at 1:35PM

    i would like to qualify for a credit card with this size of a limit to help me get furniture for my new apartment.

  16. Doug Wilder November 7, 2011 at 12:37PM

    I open a secured card years ago when rebuilding my credit. I started with the minimum ($500) and kept adding more and more as time went on. By the end of it I had a $5,000 credit limit and great history. Best of all, after when I got approved for a REAL normal unsecured cards, that $5,000 I saved up felt like a windfall.

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