4 Best credit cards with $5000 limit with bad credit

10 Best second chance credit card with no security deposit or checking account in 2022

4 Best credit cards with $5000 limit with bad credit

Having a high-limit credit card often depends on having a good credit history. However, regardless of where your credit score falls, some cards may be more likely to grant you a large credit limit.

A high-limit credit card may boost your spending power, enhance your credit, and provide financial security. At the same time, they might be challenging to find if you don’t know where to search.

Continue reading for our top 4 best high-limit credit cards with bad credit, as well as advice on how to put yourself in the best position to obtain one.

What is a High Limit Credit Card?

Credit cards with higher-than-average spending limitations are known as high-limit credit cards. A card has a limit of $5000 or more. For example, it may be included on a list of high-limit credit cards. 

Credit cards with high limits allow you to make significant purchases, such as furniture, without running out of credit. Furthermore, suppose you have high-limit credit cards that you rarely use. In that case, you may improve your credit score by lowering your credit use ratio.

It’s worth noting that there isn’t a single definition for high-limit credit cards. The adjective “high” is a relative one. Credit cards aren’t classified into formal categories depending on significant credit limits. 

The average credit card limit in the second quarter of 2019 was $7500 per card, which is why we recommend $5000 or above as a suitable benchmark for high credit limit credit cards. But getting credit cards with such high credit limits can become quite challenging if you have bad credit. 

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But there are always some companies that will offer you higher limit cards with bad credit. Therefore, these cards might have some Terms and Conditions that you need to take care of while using the card.

Bank America Credit Card

Suppose your present credit is too poor to qualify for an unsecured card (one that doesn’t require an upfront deposit). In that case, a secured credit card is generally the first step toward putting your credit score in beast mode. The BankAmericard Secured card includes a few essential features that make it an effective credit booster.

However, several significant drawbacks reduce the card’s overall attractiveness. First, Bank of America will calculate your credit limit based on a mix of what you can put up as a deposit, your income, and their assessment of your capacity to repay charges. 

Most other secured cards essentially increase your credit limit by the amount of money you’re ready to pay upfront. Still, most cap it at a few thousand dollars. The BankAmericard Secured card has a $4,900 maximum limit.

The Bank of America BankAmericard Secured credit card, which has no annual fee, is a fantastic alternative for those with terrible credit or no credit history and are seeking a secured card to help them develop credit.

If you already have a checking or savings account with Bank of America. In that case, you may find it easier to obtain your secured card from the same institution.

U.S. Bank Secured Visa Credit Card 

Those who do not have strong credit but can put down some cash as a deposit may be interested in the U.S. Bank Secured Card. The bank provides a standard protected card that may be used to establish better credit. 

The maximum deposit for the U.S. Bank Secured card is $5,000, which means that a credit line for the full deposit should preferably not be extended beyond around $1,500.

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The U.S. Bank Secured card comes with a variety of perks, the most of which are common to many credit cards: $0 fraud liability, 24/7 online account access, fraud monitoring, auto-pay, and access to cardholders’ credit ratings. These near-universal bonuses are fantastic, but they should be expected with most quality cards.

The U.S. Bank Secured Visa card is likely to suit someone who desires a more significant credit line while improving their credit. Suppose you have a substantial sum of cash to put down as a security deposit. In that case, you can receive a considerably greater credit line than you would with other secured cards.

MidFirst Bank Secured Credit Card

The MidFirst Bank Secured Credit Card is for people who want to improve their credit score. This card’s credit limit is secured by a MidFirst savings account, making it virtually difficult to go into debt; even if you can’t pay your balance, your security deposit will cover the cost. Depending on your collateral security deposit, your credit limit on this card might range from $300 to $5,000.

You will receive statements and make payments as you would with any other credit card. Still, suppose you are late on payments. In that case, the bank may, at their discretion, deduct funds from your security deposit to satisfy your obligations. The MidFirst Bank Secured Credit Card has an APR of 18.24% on purchases and 24.99% on cash advances, which is relatively high.

Petal 1 Visa Card

The Petal 1 Visa Credit Card is an excellent option for individuals with poor credit without submitting a refundable security deposit. The Petal 1 Card has a credit limit ranging from $300 to $5,000, an $0 annual fee, and reports to all three major credit agencies. 

The Petal 1 Visa is especially intriguing since it has no annual fee and offers the opportunity to earn rewards through Petal Offers, which may make you 2% -10% cashback at chosen shops. 

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It may not be the most lucrative cashback program on the market. Still, it’s unusual to find any rewards program on a credit card for those with bad credit. Although the Petal 1 credit card does not provide a steady cashback program, the Petal Perks program may offer you cash back at certain retailers on occasion.


We discussed the best credit cards with higher limits, even if you have bad credit. Several credit cards can issue you credit cards but with several restrictions. 

High-limit credit cards allow you to make large purchases, such as furniture, without running out of credit. Furthermore, decreasing your credit utilization ratio may help you boost your credit score if you have high-limit credit cards that you rarely use.