Credit Cards For Bad Credit With High Credit Limit?

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.

This tool that is offered by Capital One allows you to see what card you might qualify for without the need to pull your credit report:

3. With secured, high limits are possible

Secured credit cards with a high credit limit are very possible, but at a cost. 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. However, in today’s interest rate environment that interest rate might be absurdly low, like 0.1%. But something is better than nothing, for sure. 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!

Last edited November 9, 2015

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secured credit cards are pointless… if you have to pay $5000 to the card company to get a limit of $5000 why not just use the money to make your purchase right out? you don’t even build credit unless you make the minimum monthly payments enough to = or exceed that $5000… your just giving them your money for the right to let them charge you for it. the idea of credit is so that you use money you don’t have now to pay it to the person that loaned it to you later with a little more for the privilege of using the money before you had it. if they don’t trust people they have no right to charge them interest in the first place.


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

Want to apply five thousand dollar credit card with bad credit

Jhanka Nath Sapkota

I want highest limit credit card in low credit score.

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

Emma lee Taylor

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

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

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?