Best High-Limit Credit Cards

High-limit credit cards from Chase, Capital One and many others offer competitive interest rates and perks.

Credit card companies — especially those catering to people with a good-to-excellent credit score and credit history, little debt, and an optimal credit-utilization rate — are pulling out all the stops to compete in today’s growing rewards credit card market. For people looking to get the best credit cards, this wealth of competitive offers is good — because the rewards are usually substantial — and a little daunting — because of all the options to sift through.

If you’re looking for a rewarding credit card with a high limit, you can compare credit cards in this round-up of the 10 best high-limit cards. See what kind of balance transfer and reward-earning options are available; you’ll find everything from cards with high prestige factor to cards with the most competitive interest rates. This list was compiled using a variety of variables including sign-up bonuses, annual fees, rewards programs offerings and APRs.

Here are the best high-limit credit cards available today:

Credit CardAnnual FeeIntroductory OffersPerksMinimum Required Credit ScoreHow to Apply
Discover it Miles CardDiscover it Miles Card $0All earned miles are matched during the first year for new cardholders.
  • Earn 1.5 miles on every dollar spent.
  • No blackout dates apply.
  • Miles can be used on any airline.
Good to excellentLearn More
Discover it Cash Credit CardDiscover it Cash Credit Card $0Discover automatically matches all the cash back earned, dollar for dollar, at the end of the first year.
  • Earn 5% cash back in categories that change each quarter and 1% cash back on all other purchases.
Good to excellentLearn More
Capital One VentureOne Rewards Credit CardCapital One VentureOne Rewards Credit Card $0Get a one-time bonus of 20,000 miles after spending $1,000 on purchases within the first 3 months.
  • Earn unlimited 1.25x miles for every dollar spent.
ExcellentLearn More
Chase Freedom Unlimited Credit CardChase Freedom Unlimited Credit Card $0Earn a $150 bonus after spending $500 on purchases in the first 3 months from account opening.
  • Get unlimited 1.5% cash back on every purchase.
  • Redeem for any amount at any time.
Good to excellentLearn More
United MileagePlus Explorer CardUnited MileagePlus Explorer Card $0 for first year, then $95Earn 30,000 bonus miles after spending $1,000 on purchased in the first 3 months.
  • Earn 2x miles for each $1 spent on tickets purchased from United.
  • Earn 1 mile per $1 spent on all other purchases.
Good to excellentLearn More
Chase Sapphire Preferred CardChase Sapphire Preferred Card $0 for first year, then $95Earn 50,000 bonus points after spending $4,000 on purchases within first 3 months.
Earn 5,000 bonus points after adding first authorized user who makes a purchase within the first 3 months.
  • Earn 2x points on dining at restaurants and all travel; earn 1 point per $1 spent on all other purchases.
Average approved score over 700Learn More
Gold Delta SkyMiles CardGold Delta SkyMiles Card $0 for first year, then $95Earn 50,000 bonus miles after making $1,000 in purchases in first 3 months and a $50 statement credit after making a Delta purchase in first 3 months.
  • Earn miles for everyday purchases.
  • Earn 2 miles per dollar spent on purchases made directly with Delta.
Average credit score about 700Learn More

Discover it Miles Travel Credit Card

If you can’t decide whether you want travel rewards or cash back, the Discover it Miles Travel credit card might be the card for you. This flexible rewards program allows you to trade in your points for cash or travel. After the first year, all your points are matched, so you’ll get double the amount. Other incentives include no annual fee and 0% APR for the first year as well as some of the best rates on this list.

Annual fee: $0
Other fees: 3 percent of the amount of each balance transfer; the greater of either $10 or 5 percent of the amount of each cash advance
Intro APR: 0% for 12 months for purchases
APR: 11.24% to 23.24% after intro rate expires

Pros:

  • 1.5 miles or more on every dollar spent on purchases
  • No foreign transaction fee
  • No late fee on first late payment

Cons:

  • No introductory offer for balance transfers
  • 10.99% APR for balance transfers
  • 25.24% APR for cash advances

Read: 10 Best Credit Cards for Big Spenders

Discover it Cash Credit Card

Every quarter the Discover it Cash card changes its bonus categories — the categories that earn cardholders 5 percent cash back on purchases. For people with good credit, this can be a valuable rewards program, especially if you don’t mind keeping track of the new categories every four months. The good news is that all other purchases, outside of the rotating categories, earn 1 percent cash back, without restriction. So regardless of what you buy, you will earn cash back.

Annual fee: $0
Other fees:  The greater of either $10 or 5 percent of the amount of each cash advance; 3 percent of the amount of each balance transfer; up to $37 for late payments
Intro APR: 0% for first 12 months for purchases and balance transfers
APR: 11.24% to 23.24% for purchases and balance transfers, after the introductory period

Pros:

  • 5 percent cash back on gas, restaurants and more
  • Unlimited 1 percent cash back on all other purchases
  • No fee for first late payment
  • No overlimit fee
  • No foreign transaction fee

Cons:

  • Must have good-to-excellent credit to qualify
  • $1,500 cash-back limit for each quarter that’s activated

Capital One VentureOne Rewards Credit Card

The Capital One VentureOne Rewards card doesn’t have the rewards flexibility of some of the other cards on this list, but if you want only travel rewards, then it’s worth looking into — especially with the generous bonus offer of 20,000 miles if you spend $1,000 in the first three months. The card also offers low interest rates and might be a smart choice for frequent travelers with a high credit score.

Annual fee: $0
Other fees: The greater of either $10 or 3 percent of the amount of each cash advance
Intro APR: 0% for the first 12 months for purchases
APR: 12.24%, 17.24% or 22.24% for transfers, and for purchases after the introductory period

Pros:

  • Bonus of 20,000 miles for spending $1,000 on purchases within the first three months
  • 1.25x unlimited travel miles for every dollar spent on purchases
  • No foreign transaction fees

Cons:

  • Must have excellent credit to qualify
  • No balance transfer offer
  • 23.24% APR for cash advances

Chase Freedom Unlimited Credit Card

The Chase Freedom Unlimited card is one of the most flexible, flat-rate cash-back cards on this list. This card allows you to cash in your rewards via a check as well as transfer your rewards to other Chase cards or use your rewards to book travel directly through Chase.

Annual fee: $0
Other fees: The greater of either $5 or 5 percent of the amount of each balance transfer; the greater of either $10 or 5 percent of the amount of each cash advance; 3-percent foreign transaction fee
Intro APR: 0% for the first 15 billing cycles for purchases and balance transfers
APR: 14.24% to 23.24% for purchases and balance transfers after the introductory period

Pros:

  • $150 bonus after spending $500 on purchases in first three months
  • Unlimited, automatic 1.5 percent cash back on every purchase
  • Auto rental collision damage coverage available

Cons:

  • 25.24% APR for cash advances
  • Late penalty fee up to $37

Read: How to Spend Happily and Still Get Ahead

United MileagePlus Explorer Card

The United Mileage Plus Explorer Card is a fitting option for people who fly United often or exclusively, as the travel rewards are only good on that airline. Since this is such a major limitation, it probably wouldn’t be an optimal choice for people who fly outside of United. Card holders get perks like free checked bags for himself and his travel companion.

Annual fee: $0 for the first year, then $95 after
Other fees: The greater of either $5 or 5 percent of the amount of each balance transfer; the greater of either $10 or 5 percent of the amount of each balance transfer
Intro APR: N/A
APR: 16.24% to 23.24% for purchases and balance transfers

Pros:

  • 30,000 bonus miles after spending $1,000 on purchases in the first three months
  • 2 miles for each $1 spent on tickets purchased from United Airlines
  • One free checked bag each for primary cardholder and one companion on one-way and round-trip flights

Cons:

  • No introductory APR offers
  • Travel rewards limited to United Airlines
  • Late payment fee up to $37
  • 25.24% APR on cash advances

Chase Sapphire Preferred Card

Travelers should seriously consider the Chase Sapphire Preferred Card. The sign-up bonus alone would give cardholders $625 in rewards that can be redeemed through Chase Ultimate Rewards. To sweeten the deal, Chase offers another 5,000 in bonus points when you add an authorized user who makes at least one purchase. Another benefit is that cardholders can transfer their Chase points to qualifying frequent flyer programs at full value. The one caveat is that the points wouldn’t be good for travel on two of the major airlines, Delta and American.

Annual fee: $0 for the first year, then $95
Other fees: The greater of either $10 or 5 percent of each cash advance; the greater of either $5 or 5 percent of each balance transfer
Intro APR: N/A
APR: 16.24% to 23.24% for purchases and balance transfers

Pros:

  • 50,000 bonus points after spending $4,000 on purchases in the first three months
  • 2x points on dining and all travel, including taxis and trains
  • 1 point per $1 spent on all other purchases

Cons:

  • No introductory APR offers
  • Points can’t be used on some major airlines, like American and Delta
  • Late penalty fee up to $37

Gold Delta SkyMiles Credit Card

The Gold Delta SkyMiles credit card can be a great card — if you only fly on Delta. This card offers an attractive one-time bonus of 50,000 miles after spending $1,000 in the first three months. The card also offers other perks like a 20-percent discount on in-flight purchases and a free checked bag for the primary cardholder on all Delta flights.

Annual Fee: $0 for first year, then $95 annually
Other Fees: The greater of either $5 or 3 percent of the amount of each balance transfer; the greater of either $5 or 3 percent of the amount of each cash advance
Intro APR: N/A
APR: 15.49% to 19.49% for purchases and balance transfers

Pros:

  • 50,000 bonus after making $1,000 in purchases within the first three months
  • 2 miles for every dollar spent on purchases made through Delta
  • Free checked bag on Delta flights, good for both one-way and round-trip tickets

Cons:

  • No introductory APR offers
  • Rewards good for travel through Delta only
  • 25.49% APR on cash advances

Read: 7 Secret Perks You Enjoy If You Have a Good Credit Score

Platinum Card from American Express

Commonly regarded as a prestigious card, the Platinum Card from American Express is not a credit card but a charge card. What this means is that the balance must be paid in full each month. In some ways, this card is more of a rewards card than a traditional credit card. You can use it to gain access to a host of upscale travel advantages, like entry to the private Centurion Lounge at airports, as well as hotel savings, flight upgrades and much more.
APR: N/A; balance must be paid in full each month, unless account holder has a “pay over time” feature, in which case interest may be charged.
Intro APR: N/A

Pros:

  • Free access to Centurion Lounge in New York LaGuardia, Dallas/Fort Worth, San Francisco, Las Vegas and Miami airports
  • Fee credit for Global Entry or TSA Pre-Check

Cons:

  • Expensive annual fee
  • Travel on some major airlines, like United and American Airlines, are not eligible for rewards

Methodology: GOBankingRates assessed information about credit card offers, including sourcing information from the credit card and financial institution provider websites as of August 9, 2016. To comprise this list of the best credit card offers of 2016, GOBankingRates considered the following factors: (1) annual fee to keep the card open; (2) other fees; (3) introductory offers; (4) introductory rates; (4) interest rates; (5) rewards and (5) minimum required credit score.

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been reviewed, approved, or otherwise endorsed by the companies included in the article.

Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been endorsed by American Express.

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