Credit Cards For Bad Credit With High Credit Limit?

Posted by CreditCardGuru

Q: Maybe this is wishful thinking, but is it possible to have bad credit and still get a card with a high limit?

A: Finding cards for bad credit is easy, but finding one with a high credit limit is like finding a needle in a haystack… hard to do, but not impossible!

Here’s what you need to know to get started…

1. Be realistic with your expectations

During the 90′s and 00′s it was rather either to get a credit card with bad credit, but when the credit crunch happened the business of lending changed permanently. Ever since then banks have been much more careful in how they loan money. The definition of a “high credit limit” is different for everyone, but hopefully your expectations aren’t too pie-in-the-sky.

2. Unsecured credit cards for bad credit will have lower limits

If you want unsecured, it’s unlikely you will be given a high credit limit (you’ll probably be lucky to get a starting limit of $1,000, but it will most likely be more like $500 or so). The most frustrating part about this is many also charge a monthly or annual fee, so it really sucks to pay for a credit card and not be given a high credit limit, but unfortunately that’s just the way it works.

3. With secured, high limits are usually possible

Secured credit cards with a high credit limit are very possible. In fact, I can think of a couple right off the top of my head that allow you to have up to a $5,000 limit with a security deposit.

Some people don’t like the idea of secured cards because they can’t afford a big security deposit upfront. Well, what you have to keep in mind is that your security deposit almost always is flexible… so the more money you add, the more your credit limit goes up.

That means that even if you start out with a security deposit of only a few hundred dollars, you can easily add some to it whenever you get a chance. Then before you know it, you will have a high security deposit and therefore a high credit limit.  For many, this is perhaps the only way of getting credit cards for bad credit with a high credit limit.

The other big benefit is that your security deposit will probably be earning you interest, just like a savings account does. Then when your credit is good enough to move onto an unsecured, your security deposit will be fully refundable when you close the account.

Our top rated secured cards section currently has a couple cards listed that allow limits of up to $5,000!

Editorial Disclosure: The editorial content on this page is not provided by any bank, credit card issuer, airline or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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

  1. carlos camelo January 13, 2015 at 2:55PM


  2. Chris guadiz December 13, 2014 at 3:42PM

    Can i qualify for one so i can buy xmas gifts for the children in need.

  3. Herbert Debrow November 10, 2014 at 12:51AM

    Want to apply five thousand dollar credit card with bad credit

  4. Jhanka Nath Sapkota November 9, 2014 at 1:21AM

    I want highest limit credit card in low credit score.

  5. Suzy July 30, 2014 at 12:46PM

    How can I apply for credit card with 1,000-5,000 limit

  6. Emma lee Taylor April 26, 2014 at 3:49AM

    My credit is pretty good and I would like to get a cedit card with a credit line to help my credit please

  7. Haras May 8, 2012 at 1:25PM

    A $5,000 credit limit with a secured deposit isn’t that high. Will any bank offer someone more credit if a corresponding deposit is made? Say $10,000-$25,000?

    it is known some offshore banks provide some of their extremely well-off customers with credit cards with an excess of $100,000 limits if corresponding deposits are made and kept.

    • Leonard j. Martin January 20, 2015 at 6:10PM

      What would it cost me for a $5,000.00 credit card per month me making $47,000.00 a year,and with a score of 704?

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