High limit secured credit cards (2024)

There are secured credit cards with high limits of $1,000, $5,000 and even $25,000. But with nearly every high limit secured credit card, your credit limit is based on your deposit amount. Want a $10,000 secured credit card limit? Be prepared to deposit $10,000.

Compare high limit secured credit cards

We’ve gathered secured credit cards with high maximum credit limits of at least $1,000.

What is the highest credit limit on a secured credit card?

The highest credit limit available for a secured card is $25,000 at the time of writing.

Secured credit cards with a $25,000 limit include the NIH Federal Credit Union Visa Platinum Secured Card, the Cleo Credit Builder Card and the First Tech Platinum Secured Mastercard. While a limit that high can be appealing, to get a $25,000 limit with a secured credit card, you’ll need to deposit $25,000.

For most other secured cards, maximum credit limits typically range between $2,000 and $5,000.

How to get a high limit secured credit card

Here’s how to improve your chances of qualifying for a high limit credit card:

• Boost your credit score. Your creditworthiness is one of the biggest factors in your eligibility for most credit cards. Secured credit cards are generally easier to qualify for than regular ones because of the security deposit, but having a good credit score still improves your approval odds.
• Have a deposit ready. Secured credit cards usually require an upfront cash deposit, typically a minimum of $200 to $300. If you want a higher credit limit, you’ll have to save a deposit amount for the limit you want.
• Income requirements. Credit card issuers must assess your ability to pay for a credit card before they can approve you. You’ll need sufficient income to pay for the card’s minimum monthly payments, so consider cards you can reasonably afford each month for a higher chance of qualifying.

Why do secured credit cards require an opening deposit?

Secured credit cards are secured by an opening deposit. The deposit is what differentiates secured credit cards from unsecured ones.

The deposit serves to cover your owed balance if you can’t make your payments. If you miss a payment or close the account with an outstanding balance, the credit card issuer uses your deposit to pay off the amount owed.

It’s important to know that you typically can’t use your opening deposit to cover your secured card’s minimum payments or outstanding balance. However, in many cases, if you maintain a positive payment history and decide to close your secured credit card, your security deposit can be refunded.

Does a high credit limit make sense for a secured credit card?

A high credit limit is beneficial for spending flexibility or high-cost emergencies you can’t afford out of pocket. However, with secured credit cards, extremely high limits may not make the most financial sense.

For example, if you want a $10,000 secured credit card limit, you’ll likely need to deposit $10,000. If you can save $10,000, that cash may be better used elsewhere — $10,000 isn’t chump change. You could place $10,000 in a high-yield savings account so it can continue to grow, set it aside in an emergency fund or even invest it to save for retirement.

Secured credit cards can help build your credit history and lower your credit utilization, but there are several other ways to improve your credit rating.

Bottom line

Secured credit cards are great as a first credit card, since they’re often much easier to qualify for than regular credit cards. Secured credit cards generally have lenient credit score requirements, making them ideal for those who want to rebuild their credit history.

If none of these secured cards with high limits are your cup of tea, compare the best secured credit cards with low minimum deposit requirements and great perks.

Frequently asked questions

What does ‘no preset limit’ mean with a credit card?

A credit card without a preset limit means that the credit limit can change based on how much you deposit or adjust based on your spending or payment history.

For some secured cards, such as the Chime Credit Builder Card, there is no preset limit because the limit is determined by how much you deposit into the Credit Builder account. Other cards, sometimes called debit-credit cards, also function like this, because your credit limit is tied to your account balance, much like a debit card.

What credit card has a $100,000 credit limit?

Credit cards with potential limits of $100,000 include the Chase Sapphire Preferred and the Bank of America Premium Rewards.
Credit limits of $100,000 and beyond are typically found with unsecured credit cards, not secured credit cards. Many credit card issuers don’t disclose maximum limits unless it’s a secured card, and most unsecured credit cards only disclose minimum credit limits.

To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.

Written by

Bethany Hickey

Editor, Banking

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto.Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

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