According to Experian, the average American has a credit limit just under $30,000 (across all their credit cards). But individual card limits can vary wildly depending on the issuer, your credit profile, and the card itself.
Whether your aim is to improve your credit utilization or buy a $40,000 diamond ring on a whim, these cards might give you the credit limit to get there.
Citi Double Cash® Card: Surprisingly generous
The Citi Double Cash® Card might not scream “luxury,” but don’t let it fool you. It’s a cash back workhorse and also one of the best balance transfer cards available today.
As for credit limit, users report limits up to $40,000. Perfect for those needing to transfer or consolidate existing card balances.
It offers 0% intro APR for 18 months on Balance Transfers; after that, the go-to variable APR will apply, based on your creditworthiness.
There’s a cool little welcome offer, too. You can earn $200 cash back after you spend $1,500 on purchases in the first 6 months of your Citi Double Cash® Card account opening.
This card is a favorite for folks who want easy cash back rewards without juggling bonus categories. You’ll get 2% cash back on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Easy!
No annual fee. Big potential limits. Get started with the Citi Double Cash® Card today (see rates and fees).
Chase Freedom Unlimited®: High limits meet flexible travel rewards
The Chase Freedom Unlimited® card (see rates and fees) is a sleeper pick for both rewards lovers and big spenders. While the advertised minimum limit is just $500, many cardholders report credit lines pushing past $25,000.
There’s no annual fee to worry about with this card. Plus it’s got a few categories where you can earn higher rewards:
- 5% cash back on travel purchased through Chase Travel
- 3% cash back at drugstores, restaurants, takeout, and eligible food delivery
- 1.5% cash back on all other purchases
What sets this card apart is that it pairs beautifully with Chase’s premium travel cards. You can combine points with cards like the Chase Sapphire Preferred® Card to unlock even more value. I personally hold both!
Oh yeah, there’s also an easy welcome bonus offer. Earn $200 cash back after you spend $500 on purchases in your first 3 months from account opening.
Request a higher limit with the Chase Freedom Unlimited® (and work on snagging that bonus $200 while you’re at it!)
The Platinum Card® from American Express: No preset limit
Let’s talk about one of the best luxury cards out there. The Platinum Card® from American Express doesn’t have a preset spending limit. That doesn’t mean unlimited spending. It just means your available limit changes over time, to match your spending habits and payment history.
It’s quite smart actually. There’s a “Check Spending Power” tool available online or in the American Express app where you can enter the amount you plan to spend and get an immediate confirmation if it will be approved, without affecting your credit score.
With this luxury card come luxury perks. Here are a few stand outs:
- Access to over 1,400 airport lounges worldwide
- Up to $1,500+ in annual statement credits for things like Uber, hotels, airline fees, Walmart+, and more
- A great welcome offer: Earn 80,000 Membership Rewards® Points after you spend $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership.
- Terms apply; enrollment may be required.
Brace yourself. There’s a $695 annual fee (see rates and fees) for the Amex Platinum Card. I know, I know… that’s big. But, if you can utilize all the perks, it more than pays for itself (it did for me over the many years I had one!)
Unlock luxury travel perks and flexible spending power. Apply for The Platinum Card® from American Express and start traveling like a VIP.
Choose wisely and spend smart
Just like Spider-Man’s uncle always said: “With great power comes great responsibility.” Sure, it’s advice from a comic book, but it applies to credit cards too.
It’s not a competition to see who can get the highest limit. In fact, asking for slow, steady increases over time is usually the smarter play than going all-in on day one.
