Last Updated on: Nov 03, 2023
Though income is an important factor, other factors, including credit history, length of credit, and debt to income (DTI), are considered when establishing a credit limit. Most credit card lenders look at your estimated DTI, giving higher limits to those with a DTI below 36 percent. A low DTI and a high income can unlock endless spending limits on credit cards.
What We'll Cover
While many Americans have multiple credit cards with an average of $22,751 in available credit on all of their cards, not everyone has a single card with a high spending limit, which is why they seek out those with higher limits, helping to increase their spending power. Getting a higher credit limit on one card makes it easier to make an unexpected purchase on a single card.
If you are looking for high-limit credit cards, continue reading to discover more about some of the top cards available for consumers:
Credit Card Limit for People with Salaries of $50k - 75k per year
On average, people with salaries of $50K to $75K have credit card limits ranging between $2,500 and $5,000. But with an excellent credit history and a decent DTI, the credit limit for $50K salaries could be $20,000 or higher. At the same time, the credit limit for $75K salaries could be much higher, starting around $30,000 to $40,000.
Top Recommended Cards for People with Incomes of $50k to $75k
When calculating credit card spending limits by income, companies often have different card options for people based on their annual revenue and credit score. Most consumers receive between a $500 and $11,000 starting credit limit for a $50k per year salary, with most receiving a higher credit limit for a $75k annual income.
Here are two of the top recommended credit cards for people with incomes of $50k to $75K per year:
Chase Freedom Unlimited
Chase Freedom Unlimited offers cardholders many benefits, including starting credit limits ranging from $500 to $5,000 for those with an annual income between $50k and $70k. Having a higher income and excellent credit score, you increase your chances are of qualifying for a credit limit closer to $5,000.
The benefits of being a Chase Freedom Unlimited cardholder may include the following:
- Limited-time offer of unlimited matched cash back.
- Cashback on most purchases.
- 0% introductory APR for 15 months.
- No minimum to redeem cash back.
- Credit health monitoring using Chase Credit Journey.
Discover it Cash Back
The Discover it Cash Back card offers cardholders many benefits, including starting credit limits between $2,000 and $11,000. With a higher starting credit limit, cardholders can continue to raise the limit with on-time payments and an increase in annual salary.
Benefits of being a Discover it Cash Back cardholder may include the following:
- Introductory offer of unlimited cashback match for the first year.
- Cashback on qualifying purchases.
- Services to help protect personal information.
- 0% introductory APR for 15 months.
- No annual fee.
Credit Card Limit for People with Salaries of $80k - 100k per year
The average credit limit for people with salaries of $80K to $100K per year ranges between $15,000 and $50,000. The credit limit for $80K salaries is typically similar to those with an income of $75K, while the credit limit for $100K salaries is closer to $50,000 or higher.
Top Recommended Cards for People with Incomes of $80k to $100k
With a higher income, there is a greater chance of being approv for a credit card with a higher limit. Most people have a credit limit for an $80k annual salary starting as low as $5,000 but can reach as high as $50,000 (sometimes higher). The credit limit is usually a $100k yearly salary, and excellent credit is more than $50,000.
Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card offers cardholders many benefits, offering a minimum starting credit limit of $5,000, which will increase with on-time payment during the first year. Those with better credit and a higher income may qualify for up to $20,000 or more as their credit limit.
Benefits of being a Chase Sapphire Preferred Card cardholder may include the following:
- 60,000 bonus points after spending $14,000 during the first three months.
- 2x-5x rewards on qualifying travel and dining-related purchases.
- Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, and Lost Luggage Insurance.
- Discounts on airfare, hotels, cruises, and car rentals.
- Complimentary DashPass access for one year.
Bank of America Premium Rewards Credit Card
Bank of America Premium Rewards Credit Card provides cardholders many benefits and perks, including the opportunity to earn rewards and travel discounts. Cardholders with Bank of America have a minimum credit limit of $5,000 but can start with or build to a credit limit of more than $50,000.
Benefits Bank of America Premium Rewards Credit Card offers cardholders may include the following:
- Special offer: Receive 60,000 online bonus points when spending $4,000 in the first 90 days.
- Earn 2 points per $1 spent on various travel and dining purchases.
- Earn unlimited 1.5 points on other qualifying purchases.
- Bank of America Preferred Rewards members may also earn 25%-75% more points on qualifying purchases.
- Redeem cash back in multiple ways - statement credit, deposit into an eligible Bank of America account, credit to eligible Merill accounts, or gift cards for Bank of America Travel Center.
- Receive Airline Incidental Statement Credits annually (up to $100) and TSA PreCheck and Global Entry Statement Credits (every four years, up to $100).
- Travel insurance protections.
- No foreign transaction fees.
- Low $95 annual fee.
Credit Card Limit for People making more than $120k per year
The average credit limit for people with salaries more than $150K per year ranges between $25,000 and $50,000. However, the credit limit for more than $150K salaries is often higher for people with this high salary, depending on their credit history.
Top Recommended Cards for People making more than $120k per year
Credit limits for more than $120k can be as high as $50,000 to more than $100,000, depending on typical credit approval factors, such as credit score and total annual income. If you are looking for a credit card and have a yearly income of more than $150k per year, consider looking into one of the following options:
Chase Sapphire Reserve
Typically, Chase Sapphire Reserve offers a minimum starting credit limit for new cardholders with excellent credit and an income of more than $150k per year of $10,000. Creditworthy applicants often qualify for higher credit limits, varying on income and credit score.
The benefits of being a cardholder with the Chase Sapphire Reserve may include the following:
- Earn up to 60,000 bonus points when you spend at least $4,000 during the first three months.
- $300 Annual Travel Credit.
- 5x-10x points on select travel purchases and 1-3x points on other qualifying purchases.
- Earn 50% more value when redeeming points for travel.
- Access to airport lounges worldwide.
- On-time enrollment in Priority Pass.
- Up to $100 application fee credit every four years for NEXUS, TSA PreCheck, and Global Entry.
Capital One Venture X Rewards
Capital One Venture X Rewards offers high credit limits for cardholders with over $150k annual salaries starting at $15,000. Many cardholders have credit limits with this card at about $30,000, but some have reported having credit limits as high as $75,000.
Benefits of being a cardholder with Capital One Venture X Rewards may include the following:
- Earn up to 75,000 bonus miles when purchasing $4,000 in the first three months.
- Capital One Travel bookings receive a $300 annual credit.
- Receive 10,000 bonus miles every year on the anniversary of opening the card.
- Earn 10x miles on rental car and hotel bookings; 5x miles Capital One Travel flight bookings.
- Earn twice the miles on all other purchases.
- Complimentary access for you and two guests at more than 1,300 lounges.
Expected Credit Limit by Credit Score
When applying for a new credit card, your overall credit score and annual income will affect your new credit limit. Below is a chart with the average expected credit limit based on your credit score:
| 300-579 | 580-670 | 670-739 | 740-799 | 800-850 | |
| Low | $300 | $500 | $3,000 | $3,000 | $5,000 |
| High | $1,000 | $2,000 | $5,000 | $10,000 | $50,000+ |
Top Highest Limit Cards by Score Range
Credit card companies look at your overall FICO credit score to determine eligibility for a credit card and to calculate how much your credit limit will be. Here are some of the top choices for credit cards based on your average credit score:
Fair Credit
Those with fair credit, a score between 580 and 660, may qualify for a credit card, but they will receive a lower limit. Over time, those with fair credit can repair their credit score using lower credit limit cards. Top credit cards for consumers with fair credit include the Wells Fargo Active Cash Card and Chase Freedom Unlimited.
Good
People with good credit have maintained a credit score above 700, which opens more opportunities to get a higher-limit credit card. Credit cards for those with good credit and those who need a higher limit may benefit from applying for the Chase Sapphire Preferred Card or the Capital One Venture Rewards.
Excellent
According to FICO, approximately 21 percent of Americans have excellent credit with a score of more than 800. Having excellent credit provides many more spending opportunities, including favorable interest rates and higher credit limits. Those with excellent credit wanting to increase their spending power may benefit from applying for the American Express Green Card or the Chase Sapphire Reserve card.
Higher credit card limits help increase a person’s spending power, and even with a lower credit score, it is possible to be approved for a higher credit limit over time. Take advantage of the cards listed above, and based on your credit score and income, hopefully, you will find the perfect credit card with the high limit you need.
Higher credit card limits help increase a person’s spending power, and even with a lower credit score, it is possible to be approved for a higher credit limit over time. Take advantage of the cards listed above, and based on your credit score and income, hopefully, you will find the perfect credit card with the high limit you need.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
The responses below are not provided, commissioned, reviewed, approved, or otherwise endorsed by any financial entity or advertiser. It is not the advertiser’s responsibility to ensure all posts and/or questions are answered.
