Yes, it’s possible to get a credit card with a $5,000 limit, especially if you have good to excellent credit. You will typically need a high income and little to no existing debt to get a limit that high, too.
But even if your credit score is at the low end, there still is a possibility to get a $5,000 limit. In this case, you will probably have to apply for a secured credit card that allows you to deposit $5,000. The deposit usually acts as your spending limit, which prevents you from spending more than you can afford to repay.
Notable Credit Cards That May Give You a $5,000 Limit
High Rewards Rate:Chase Sapphire Preferred® CardChase Sapphire Preferred® CardLearn MoreLearn Moreon issuer's website- No Annual Fee:Chase Freedom Unlimited®Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
- Rates & FeesIntro APR:Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website
- Bad Credit:Bank of America® Customized Cash Rewards Secured Credit CardBank of America® Customized Cash Rewards Secured Credit CardLearn MoreLearn More
It's worth noting that a $5,000 limit is well above the lowest limits on the market but still far below the highest. For example, the average credit card limit in the U.S. is around $13,000.
If you don’t manage to get a card with a $5,000 limit, though, getting a credit card with a relatively low credit limit instead is still helpful. As long as you use your account responsibly, you will improve your credit score and eventually qualify for a high limit credit card. Alternatively, after six months or more of on-time payments, you can generally ask for a credit limit increase.
This answer was first published on 03/15/23 and it was last updated on 03/28/24. 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.
