$5,000 Limit Credit Cards – Guaranteed Approval (2024)

FAQs

$5,000 Limit Credit Cards – Guaranteed Approval? ›

The Bank of America® Customized Cash Rewards Secured Credit Card is the best credit card with nearly guaranteed approval that can give you a $5,000 credit limit. It accepts applicants with bad credit, and you can place a refundable security deposit of up to $5,000 for a credit limit equal to the amount you put down.

List of Credit Cards with $5000 Limit Guaranteed Approval. Chase Sapphire Preferred Card: Chase Sapphire Preferred Card is known for its travel rewards and generous sign-up bonus. Chase Sapphire Reserve Card: Offers extensive travel benefits, including lounge access and travel credits.

A credit score of 700 or better is typically needed for a card that offers a $5,000 credit limit. This means that these cards usually require you to have good or excellent credit. You will normally need a high income and little to no existing debt to get a limit that high, too.

First Progress Platinum Elite Secured Mastercard: The First Progress Platinum Elite Secured Mastercard requires no credit history or minimum credit score for approval. Your security deposit is refundable, and the card is accepted nationwide.

One of the easiest high limit credit cards to get is the Citi Double Cash® Card. This card offers a minimum credit limit of $500 and cardholders report getting a starting credit limit as high as $11,500. The Citi Double Cash Card has a $0 annual fee and requires at least fair credit for approval.

Visa Signature-branded credit cards, such as the Chase Sapphire Preferred® Card typically offer a starting credit limit of $5,000 or more.

If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.

The Citi Double Cash Card is one of the best cash-back credit cards with no annual fee. Normally, you'd need a good to excellent credit score to be approved for the top credit cards, but you can get the Citi Double Cash Card with fair or average credit.

Which bank gives credit cards without income proof? ›

Banks That Provide Credit Cards Without Proof Of Income

State Bank of India. Bank of Baroda. Kotak Mahindra Bank. Axis Bank.

*Based on 2023 Discover it Secured credit card application data, applicants without a credit score may qualify. You must meet other applicable underwriting criteria. When we evaluate your creditworthiness, we consider all the information you provide on your application, your credit report, and other information.

Reasons why you might get denied for a secured credit card

Currently being unemployed or having insufficient income history from a new job that has only started in the last few weeks. A series of missed payments or defaults on previous credit cards and a bankruptcy filed in the past few months.

The Bank of America® Customized Cash Rewards Secured Credit Card is the best credit card with nearly guaranteed approval that can give you a $5,000 credit limit. It accepts applicants with bad credit, and you can place a refundable security deposit of up to $5,000 for a credit limit equal to the amount you put down.

The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card in 2024 gives about 1% back. Cardholders can also earn an initial bonus of $200 cash rewards after spending $500...

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.

The only way to get a $3,000 limit with bad credit is to place a $3,000 security deposit on a secured credit card. Generally, a secured card's credit limit matches the amount of the refundable security placed by the cardholder. Not all secured credit cards allow deposits as high as $3,000.