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This question is about High Limit Credit Cards
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Chip Lupo, Credit Card Writer
@CLoop
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Yes, a $20,000 credit limit is good, as it is above the national average. The average credit card limit overall is around $13,000, and people who have higher limits than that typically have good to excellent credit, a high income and little to no existing debt.
Best High Limit Credit Cards
- Best Overall:
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
Learn MoreLearn Moreon issuer's website - Highest Limit:
Chase Sapphire Reserve®
Chase Sapphire Reserve®
Learn MoreLearn Moreon issuer's website - No Annual Fee:
Chase Freedom Unlimited®
Chase Freedom Unlimited®
Learn MoreLearn Moreon issuer's websiteSee AlsoNeed a higher credit card limit? - Cash Back:
Citi Double Cash® Card
Citi Double Cash® Card
Learn MoreLearn Moreon issuer's website - Low Intro APR:
Wells Fargo Reflect® Card
Wells Fargo Reflect® Card
Learn MoreLearn Moreon issuer's website
- Best Overall:
Chase Sapphire Preferred® Card
- Highest Limit:
Chase Sapphire Reserve®
- No Annual Fee:
Chase Freedom Unlimited®
- Cash Back:
Citi Double Cash® Card
- Low Intro APR:
Wells Fargo Reflect® Card
It’s worth noting that even if you get a high limit credit card, your credit limit can still go up over time. After six months or more of on-time payments, you can generally ask for a credit limit increase.
This answer was last updated on 06/12/24 and it was first published on 10/11/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
- Best Overall:
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
Learn MoreLearn Moreon issuer's website - Highest Limit:
Chase Sapphire Reserve®
Chase Sapphire Reserve®
Learn MoreLearn Moreon issuer's website - No Annual Fee:
Chase Freedom Unlimited®
Chase Freedom Unlimited®
Learn MoreLearn Moreon issuer's website - Cash Back:
Citi Double Cash® Card
Citi Double Cash® Card
Learn MoreLearn Moreon issuer's website - Low Intro APR:
Wells Fargo Reflect® Card
Wells Fargo Reflect® Card
Learn MoreLearn Moreon issuer's website
- Best Overall:
Chase Sapphire Preferred® Card
- Highest Limit:
Chase Sapphire Reserve®
- No Annual Fee:
Chase Freedom Unlimited®
- Cash Back:
Citi Double Cash® Card
- Low Intro APR:
Wells Fargo Reflect® Card
It’s worth noting that even if you get a high limit credit card, your credit limit can still go up over time. After six months or more of on-time payments, you can generally ask for a credit limit increase.
2024's Best High Limit Credit Cards
2024's Best High Limit Credit Cards
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What is a credit limit on a credit card?
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Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.
WalletHub is not a financial advisor. Our goal is to provide you with top-notch content, data, and tools. You are responsible for deciding what financial products and providers are best for your needs.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted.
Irrespective of whether an institution or professional is a paid advertiser, the presence of information on WalletHub does not constitute a referral or endorsem*nt of the institution or professional by us or vice versa.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
* The information about the following cards has been independently collected by WalletHub: PNC Cash Unlimited® Visa Signature® Credit Card and The World of Hyatt Credit Card.
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