Yes a $10,000 credit limit is good for a credit card. Most credit card offers have much lower minimum credit limits than that, since $10,000 credit limits are generally for people with excellent credit scores and high income.
Your credit score is not the only factor that's taken into consideration when a lender determines your credit limit. Your income, assets and existing debt all contribute to this decision.
If you need suggestions for high limit credit cards, click here.
This answer was last updated on 05/17/24 and it was first published on 09/08/20. 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.
People also ask
What are the best credit cards with a $10,000 credit limit?
Your best chance at getting a $20,000 limit is with the Chase Sapphire Reserve® card. It has a $10,000 minimum credit limit, but if Chase thinks you can handle a limit that’s twice the minimum amount based on your income and debt, you could be approved for $20k. Just keep in mind that no credit card guarantees a $20,000 minimum credit limit.
In general, you could get approved for a credit card with a $20,000 limit...
What is the highest credit card limit you can get?
The highest credit card limit you can get is over $100,000 according to reports from credit card holders. But like most credit cards in general, even the highest-limit credit cards will only list minimum spending limits in their terms. The best high limit credit cards offer spending limits of $10,000 or more.
In order to get $100,000+ in spending power, you need a lot of assets and income, little debt, and a spotless credit history. Below, we listed...
What is a good credit limit?
A good credit limit is around $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income, and little to no existing debt.
What qualifies as a good credit limit differs from person to person, though. For someone with no credit, for example, a $500 credit limit is good because most beginner credit cards start off with...
