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Share on FlipboardCredit Cards With High Limits For Bad Credit
Bad credit often indicates a history of irresponsible borrowing, but that doesn’t mean you can’t get a new credit card to help improve your situation. Most of these cards are secure, meaning they require a security deposit, and they often have low limits and high APRs.
U.S. Bank Cash+® Secured Visa®
Our verdict
This card offers rewards rates and flexibility that are uncommon with secured credit cards, making it a top contender for anyone looking to build their credit and rack up rewards on their spending. Plus, it has a higher potential limit than many other secured cards.
Pros and Cons
No annual fee.
Qualify with limited/bad credit.
1-5% cash back on all purchases.
The ability to set your own payment due date.
$5000 limit.
$300 minimum deposit.
Relatively high APR.
Foreign transaction fees.
Card Details
- Security deposit of $300 to $5,000 is required and serves as the credit limit
- Choose which categories earn the most cash back
- Choose your payment due date
- Rewards redemptions start at $25
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Bank of America® Customized Cash Rewards Secured
Our verdict
With 2% cash back at grocery stores and wholesale clubs and 3% cash back on purchases in a category of your choosing, the customized cash rewards card is a great secured option for anyone looking to build or improve their credit.
Pros and Cons
No annual fee.
Qualify with bad/limited credit.
Relatively high rewards rate for a secured card.
The ability to graduate to an unsecured card with good behavior.
$200 minimum security deposit.
Foreign transaction fees.
Spending caps on 2% and 3% rewards categories.
Card Details
- Security deposit of $200 to $5,000 is required and serves as the credit limit
- Choose which category earns the most cash back
- Possibility of getting your security deposit back with responsible usage
- Balance Connect® for overdraft protection
- Redeem rewards for any amount at any time when redeeming for statement credits or deposit into your Bank of America checking account
Bank of America® Unlimited Cash Rewards Secured
Our verdict
In most cases, you'll earn more rewards with the same benefits by using the Customized Cash Rewards card from Bank of America, but if you spend if various categories, not including groceries, the consistent 1.5% cash back this card offers may be better.
Pros and Cons
No annual fee.
Qualify with bad/limited credit.
1.5% cash back rewards.
The ability to graduate to an unsecured card with good behavior.
$200 minimum security deposit.
Foreign transaction fees.
Card Details
- Security deposit of $200 to $5,000 is required and serves as the credit limit
- Access to credit education
- Possibility of getting your security deposit back with responsible usage
- Balance Connect® for overdraft protection
- Redeem rewards for any amount at any time when redeeming for statement credits or deposit into your Bank of America checking account
Surge Platinum Mastercard
Our verdict
The Surge Platinum Mastercard is designed for people with poor credit that are striving to improve their creditworthiness. It offers an initial credit limit of $300 to $1,000, but the limit can be doubled, if you make your first six minimum monthly payments on time. Unfortunately, the card is very costly, with an annual fee ranging between $75 and $125 and a monthly fee of $10 (starting in a cardholder’s second year). On top of that, the card’s annual percentage rate is among the highest in the market.
Pros and Cons
No deposit is required.
The initial credit limit ranges from $300 to $1,00.
Use a Surge card everywhere Mastercard is accepted.
The initial credit limit will double after making the first six monthly minimum payments on time.
$0 fraud liability protection.
Reports to all three credit bureaus.
Free credit monitoring tools.
High APR.
Charges high annual fee.
Cash advances, foreign transactions, and additional cards all incur a fee.
Card Details
- Free monthly credit score when you enroll in e-statements
- Monthly reporting to all three credit bureaus
- Initial credit limit ranges between $300 to $1,000
- Once you make the first six monthly minimum payments on time, your credit limit will double
- Zero liability protection from Mastercard
| Credit Card | Reward Rate | Welcome Offer | Annual Fee | APR | Credit Needed |
|---|---|---|---|---|---|
|
U.S. Bank Cash+® Secured Visa®
Apply now
with U.S. Bank
| 1% - 5% Earn 5% cash back on on your first $2,000 in combined eligible purchases each quarter in two categories you choose, 2% cash back on eligible purchases in your choice of one everyday category (like gas stations, grocery stores and restaurants) and 1% cash back on all other eligible purchases
| NA | $0 | 23.12% - 29.99% | Poor |
|
Bank of America® Customized Cash Rewards Secured
Apply now
with Bank of America
| 1% - 3%3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs (on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter) and 1% cash back on all other purchases.
| NA | $0 | 24.66% - 27.74% | Poor |
|
Bank of America® Unlimited Cash Rewards Secured
Apply now
with Bank of America
| 1.50%Earn unlimited 1.5% cash back on all purchases
| NA | $0 | 17.23% - 27.74% | Poor |
|
Surge Platinum Mastercard
Apply now
with Continental
| NAThis card does not offer any rewards.
| NA | $75 - $125 intro first year, then $99 - $125 | 29.99% | Poor |
How do you get approved for a high limit credit card?
Your credit limit depends on factors like your credit score and history, income, other debts, and others. To get approved for a high limit credit card, you’ll need good to excellent credit and proof of income showing you can afford the high limit.
Start by applying for a credit card with a high starting limit. These are typically listed in the card’s terms and conditions. To improve your chances of getting a card with a high initial limit, take steps to improve your credit score, increase your income, and reduce your debts.
Then, some card issuers may automatically review your account for a credit limit increase every six or 12 months (though this isn’t guaranteed). You can also request a credit limit increase online or by calling the customer service number on the back of your card.
If you have poor credit and are looking for a card with a high limit, research secured cards that have a higher maximum deposit, sometimes ranging up to $2,000 or even $5,000. With on-time payments and responsible use, you’ll likely be eligible for an automatic upgrade to an unsecured card or a credit limit increase.
Methodology
The methodology for choosing the best highlimit credit cards for people with bad credit involves evaluating factors such as security features, ease of use, rewards programs, customer reviews, and fees. Financial experts and analysts assess these aspects to provide rankings and recommendations. The goal is to identify credit cards for consumers with poor credit that offer strong security measures, user-friendly interfaces, attractive rewards programs, positive customer feedback, and reasonable fees. By considering these factors, users can make informed decisions and select credit cards that align with their needs and preferences.
The product information provided here is based on research conducted up to a specific date and may have changed. For the latest and most accurate information, we recommend you visit the respective card’s website before proceeding.
FAQs
Yes, there are some credit cards (like the First Progress Platinum Prestige Mastercard Secured Credit Card or Chime Credit Builder Secured Visa Credit Card) that will approve applicants without doing a credit check, meaning you can have a poor score or limited or no credit history and still qualify. However, the lower your score, the more limited your options are.
If you have poor credit and qualify for a secured or unsecured credit card, keeping your credit utilization ratio low and making monthly payments on time every month can help prove to the credit card company you are a responsible cardholder. They may automatically increase your credit limit or upgrade you to an unsecure card with a higher limit.
In this article
September 26, 2023
9 min 
