The Bank of America card that gives the highest credit limit is the Bank of America® Customized Cash Rewards credit card, which has a reported maximum limit of $95,000. Your individual limit will be determined based on your credit history, income, outstanding debts, and other factors. It’s often difficult to determine how high your credit limit will be, since Bank of America doesn’t list a card’s minimum or maximum limit in its terms.
Like many credit cards with high limits, the Bank of America Customized Cash Rewards credit card requires excellent credit for approval. Cards with high limits typically require good to excellent credit and offer spending limits with minimums around $10,000 and maximums that can be higher than $100,000.
Best High Limit Credit Cards
If you have a Bank of America credit card with a lower limit than you’d like, it may be worth requesting a credit limit increase once you’ve paid your bill on time for at least six consecutive months.
This answer was first published on 03/30/23 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.
FAQs
The Bank of America card that gives the highest credit limit is the Bank of America® Customized Cash Rewards credit card, which has a reported maximum limit of $95,000. Your individual limit will be determined based on your credit history, income, outstanding debts, and other factors.
What is the credit limit for a BankAmericard credit card? ›
The BankAmericard credit card credit limit will vary based on each applicant's credit standing. But many cardholders report initial credit limits ranging from $1,000 to $15,000 in some online forums.
What credit card has a $100000 limit? ›
On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.
How do I ask for a higher credit limit Bank of America? ›
If your account is eligible to request a credit line increase online, you'll be able to make the request by signing in to Online Banking, selecting your credit card account, then select the Request a credit line increase link under Card Details in Account Summary.
Is $25,000 a high credit card limit? ›
Yes, $25,000 is a high credit card limit.
Is $100,000 credit limit good? ›
Adam McCann, Financial Writer
Yes, $100,000 is a high credit card limit.
Does Bank of America increase credit limit automatically? ›
Bank of America may grant an automatic credit limit increase if you manage your credit well, and you also have the option of requesting a higher limit on your own. On This Page: How to Increase CLI. Higher Credit Limit Benefits.
What is the average credit card limit America? ›
The average credit limit on credit cards in the U.S. was $29,855 as of the end of the third quarter (Q3) of 2023. That's a 6.8% increase from Q3 2022, when the average credit limit was $27,955.
Is $20000 a good credit card limit? ›
Yes, $20,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $20,000 or higher.
Which bank gives the highest credit card limit? ›
The HDFC Regalia credit card stands out not only for its rewards and benefits but also for its substantial credit limit, which can reach up to 5 lakh. Despite its slightly higher annual fee, cardholders receive 2500 reward points upon payment, each valued at 50 paise, effectively offsetting a portion of the expense.
To get approved for high-limit credit cards, you'll most likely need to have good or excellent credit and a steady income to support a higher credit limit. Picking the right card is important, too. You may be able to find the minimum starting credit limits listed in some cards' terms and conditions.
What is a gold credit card limit? ›
Because your Card is a Charge Card, rather than a Credit Card, you pay your balance in full each month. As a Charge Card, you'll have the financial flexibility of no pre-set spending limit on purchases, which provides you the opportunity to maximize your Membership Rewards points earned.
Which Bank of America credit card is the best? ›
NerdWallet's Best Bank of America Credit Cards of June 2024
- Bank of America® Customized Cash Rewards credit card: Best for Bonus category cash back.
- Bank of America® Unlimited Cash Rewards credit card: Best for Simple cash back.
- Bank of America® Travel Rewards credit card: Best for Travel.
A bank or credit card issuer can generally lower (or increase) your credit limit at any time as long as the credit card agreement allows. Low usage isn't the only reason a lender could decrease your credit card limit. You might find yourself in a similar situation to mine if … You have missing or late payments.
How do I guarantee a high credit limit? ›
For one, your payment history will play a big role. If you've paid all of your bills on time in the past, you're likely to get a larger limit than if you've missed several payments. Issuers will also consider how many accounts you have open and the amount of credit available to you vs. how much you owe.
Does Bank of America automatically increase your credit limit? ›
Bank of America may grant an automatic credit limit increase if you manage your credit well, and you also have the option of requesting a higher limit on your own. On This Page: How to Increase CLI. Higher Credit Limit Benefits.
Is $20000 a high credit limit? ›
Yes, $20,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $20,000 or higher.
What credit card has a $5000 limit with bad credit? ›
The U.S. Bank Altitude Go Visa Secured Card is the best option if you have limited/poor credit and are looking for a high credit limit. You can deposit anywhere from $300 to $5,000, making your maximum credit limit available $5,000.
Best High Limit Credit Card:Chase Sapphire Preferred® CardChase Sapphire Preferred® CardLearn MoreLearn Moreon issuer's website
