$5,000 Limit Credit Card?

Posted by CreditCardGuru

Q: Over the past few years it seems like banks aren’t giving as high of limits as they used to. 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 hard to come by these days, even for those with excellent credit. Because the credit card industry got burned badly during “the great recession” they now are much tighter with giving out credit.

3 tips for how to get a $5,000 credit limit in 2013:

Apply for a premium tier credit card – If you have good to excellent credit, then you should apply for cards like this one which are geared towards the mid to high-end customers. However, do NOT apply for charge cards like the Gold or Platinum from AmEx, because those do not have a definitive preset credit limit with them, so those are not what you are looking for.

Here are 3 of my favorite offers for Nov/Dec 2013:

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 company has a different policy about how often a customer’s limit can be raised, so ask the CSR to find out. So even if you don’t start out with a $5,000 limit credit card, hopefully you can build your limit up to that amount. 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.

Use your card responsibly – Recently I asked for a credit limit increase on a card, but was denied because I hardly use the card (which is true). So I started charging a thousand or so per month on it (and paying that off in full every month) and after a few months, they decided to raise my credit limit because they saw I was actually using my card more. Of course, make sure you always pay on time with all accounts and never exceed 25% 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 BarclayCard Arrival and Discover it. Both are higher-end cards and they’re known for being generous with credit limits. For example, I’ve been with Discover for years and they gave me way better than a $5,000 limit, even at a time when other issuers wouldn’t.

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. I say “almost” because not even secured accounts are guaranteed – there are still minimum requirements you need to fulfill for approval.

Written or last updated November 11, 2013

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

  1. 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?

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

    Which card do you recommend for rebuilding credit?

  3. 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?

  4. 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.

  5. 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

  6. 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.

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

    i really need this credit card

  8. 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.

  9. 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.

  10. 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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