Best Credit Cards For Fair Credit With High Limits
The general perception among credit card holders is that you need to have an excellent credit score if you want to get a high limit. That is not entirely true.
When you start searching for such credit cards, you will find plenty of credit cards for fair credit with high limits. It means that you need not have the perfect credit score to get higher limits.
Today, we have curated a list of such credit cards. Once you go through my list of 8 Best credit cards for fair credit with high limits, availing a higher credit limit will not be an issue.
Below the list, we will share with you how high your credit card limit should be and what exactly constitutes a high limit credit card.
Without any delay, let us look at the high-limit credit cards available to you, even if you have fair credit.
The 8 Best Credit Cards For Fair Credit With High Limits
Capital One QuicksilverOne Cash Rewards Credit Card
Bank of America Secured credit card
U.S. Bank Secured Visa Card
Discover it Student Cash Back
U.S. Bank Visa Platinum Card
14.49% to 24.49%
Petal Visa Card Review
12.99% to 26.99%
Journey Student Rewards from Capital One
Discover it Student chrome credit card
12.99% to 21.99%
1. Capital One QuicksilverOne Cash Rewards Credit Card
The credit card we are speaking about now is available to individuals with a credit score of around 600. The good news is that the limit of this credit card can be up to $5000. The average limit is $2000.
With 1.5% cashback, it can provide you with plenty of rewards as well.
Also, you can get the credit limit to upgrade within six months as well if you demonstrate excellent creditworthiness.
With the help of an app, you can monitor your credit profile as well.
The $0 fraud liability ensures that you will not have to worry about any liability arising from this card.
There is no limit on the cashback as well.
The annual fee is relatively lower at $39. The APR is 26.99%.
With so many benefits and easy to upgrade credit limits, it is certainly a good credit card when you have fair trade and are looking for a higher limit.
Suitable for applicants with a fair credit score
Credit limit up to $5000
$0 fraud liability
Easy to monitor your credit profile
Has an annual fee
2. Bank of America Secured credit card
The advantage of this credit card is that it offers a limit of up to $4900. However, it is even available to individuals with a bad credit score.
The reason for the same is because it is a secured card. As long as you make a deposit, you can get this credit card.
The initial limit, however, is on the lower side. However, if you demonstrate creditworthiness, you can get a higher limit. The bank will, after that, refund your deposit as well. So, with some work, you can convert it from secured to an unsecured credit card. Thus, it is one of the best options for individuals with a fair credit score.
With a maximum cashback of 3%, the rewards are ample as well.
You can easily monitor your credit score every month with the help of the mobile banking app. The overdraft protection frees you from extra charges.
With a $0 annual fee, it is easy to opt for this credit card.
The APR is 23.99%.
With so many features on offer, this one fits your requirements perfectly.
Easy approval process
Maximum limit up to $4900
Up to 3% cashback
Easy to monitor your credit score
Need to make a deposit
3. U.S. Bank Secured Visa Card
The next credit card option on our list is once again a secured credit card. It can offer you a credit limit of up to $5000.
It is suitable for individuals with a fair credit score. The $0 annual fee certainly makes it easy to use it year after year.
The APR is 25.99%. It is, however, variable. That is why you need to contact the issuer to know about the exact APR.
The FDIC insured savings account would help you make the deposit and keep the deposit safe.
Additionally, it allows you to monitor Trans union credit score for free as well.
Not only that, it offers car rental insurance as well.
Also, there is 0 liability for unauthorized transactions.
Thus, if you do not mind going with a secured credit card with a high limit, this one is much superior to many other options available.
Facilitates credit score monitoring
$0 annual fee
Limit up to $5000
Complimentary car rental insurance
Need to make a deposit
4. Discover it Student Cash Back
The credit card which we are speaking about now has a limit of up to $3500. The minimum limit is $500.
It is suitable for individuals with no credit history or fair credit score.
With 5% cashback, it is pretty lucrative to use this credit card day in and day out.
The $0 annual fee ensures that you can use it for years to come.
For balance transfers, you can get an APR of 10.99% for six months.
For purchases, you can get 0% for six months as well.
The variable APR between 12.99% to 21.99% ensures that it is pretty affordable as well.
Also, you can get a welcome bonus as well. With the help of a welcome bonus, the card becomes even more lucrative.
Additionally, it helps you with credit score monitoring as well.
With no annual fee and 5% cashback, it is one of the most lucrative credit cards available.
Balance transfer incentives
Welcome bonus on offer
Limit only up to $3500
5. U.S. Bank Visa Platinum Card
The advantage of this credit card is that if you have a fair credit score, you can get the limit upgraded up to $5000 as well. Even if you get a lesser limit at the start, you can easily upgrade it within a few months.
When making the initial purchases, you can get up to 0% APR for 20 cycles. Similarly, on balance transfers as well, you get 0% APR for balance transfers.
The variable APR is between 14.49% to 24.49%.
The no annual fee ensures that using it for years together is easy.
Along with this credit card, you get cell phone insurance as well. The cell phone insurance coverage is up to $600.
It offers you access to monitor your credit score as well. With the help of credit score monitoring, you can build up your credit score and opt for an upgrade.
Thus, when looking for a credit card that helps you protect your cell phone and allows you a higher limit, you can go with this one.
Cell phone insurance on offer
No annual fee
Introductory APR and balance transfer incentives
6. Petal Visa Card Review
The credit card we are highlighting can provide you with a cashback of up to 1.5%. The limit which you can get is up to $10,000 as well.
The minimum limit is $500 per month.
The variable APR is between 12.99% to 26.99%.
It works for individuals with a fair credit score. Awhile petal might be a lesser-known card issuer, but this one by petal is certainly one of the best cards for individuals with a fair credit score.
Cashback up to 1.5%
Limit up to $10,000
7. Journey Student Rewards from Capital One
The credit card we are highlighting is suitable for individuals with a fair, limited, and average credit score.
With 1% cashback, using it day in and day out is undoubtedly pretty lucrative.
You get an incentive of $5 whenever you make on-time payments for streaming services. The no annual fee ensures that you can use it for years together and earn exciting rewards and cashback.
Moreover, it does not have any transaction fees on foreign transactions as well.
You can easily decide the monthly due date which you want to go with. It allows you to pay the bills on time.
In as little as six months, you will be considered for a credit upgrade as well. Hence; it becomes easier to get the higher limit.
With APR of 26.99% ensures that it is as per the industry standard.
The ability to select the monthly due date, easy credit upgrade, 1% cash back makes it a reliable choice.
Suitable for various individuals
No foreign transaction fee
The initial limit can be lower
8. Discover it Student chrome credit card
The credit card we are highlighting is suitable for individuals with no credit score or fair credit score.
It has an introductory rate for purchases. It is 0% for the 1st 6 months. For balance transfers, it charges 10.99% for the 1st 6 months. Other than that, the APR can vary between 12.99% to 21.99%.
The $0 annual fee means that it is lucrative to use for years together.
Moreover, it offers unlimited cashback as well. The highest cashback on offer is up to 2%.
Since it is a student-specific credit card, when you get a GPA higher than 3.0, you get $20 statement credit.
It allows monitoring your credit score as well. With the help of easy monitoring, you can maintain and build your credit score.
On the first payment, you will not experience any late payment as well.
Thus, if you’re looking for student’s credit card which has an excellent limit, you can go with this one.
Introductory rates available
Lucrative rates on balance transfer
Helps you monitor credit score
The initial limit can be lower
Now that you are aware of the best credit cards for fair credit with higher limits, it is time to understand what exactly is a high-limit credit card. Only when you are aware of the same can you go ahead and apply for one.
Frequently Asked Questions (FAQ)
What is a high-limit credit card?
A high-limit credit card is usually one with a limit of $4000 or more. Many high-limit credit cards might offer you a lower limit at the start. However, once you display your creditworthiness, you can get a higher limit.
Now that you are aware of the same, it is time to understand if you need a higher limit credit card or not.
How high should your credit limit be?
Normally, your credit limit should be 4 to 5 times your normal monthly spend. It means that if you spend $1000 in a month, your credit limit should be between $4000-$5000.
Hence, it becomes manageable and simple for you to pay off the credit card pending bills and manage your expenses.
How to get a higher credit limit?
To get a higher credit limit, your income and your credit score are taken into account. The credit cards which we have highlighted above are suitable for individuals with a fair credit score.
In case you cannot get approved for one initially, there are a few steps that you can undertake.
You should opt for any of these credit cards with a lower limit.
You have to keep the usability of these credit cards below 30%.
You have to pay these credit cards in full and on time.
You have to repeat the procedure for at least 6 to 12 months.
After that, you have to apply for an upgrade.
In most cases, when you follow the few steps above, it will become effortless for you to get a higher credit limit.
So, when you’re looking for credit cards for fair credit with high limits, these are the eight options that you can go with. We have carefully curated this list of 8 options. It includes credit cards that offer you a high limit but do not demand an excellent or good credit score.
While curating this list, we have taken into account the credibility of the issuer as well. That is why, once you are choosing from this list, you can be certain that you’re going with the best credit cards for a fair credit score.