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High-limit secured credit cards
Some providers allow as high as $10,000 — some have no limits.
With some secured credit card, you can get a substantial limit with a large deposit. While maximum limits can vary, certain providers have no caps on deposits.
High-limit secured credit card credit limits
Secured-card credit limits aren’t uniform. You may find credit cards with maximum limits from $1,000 up to $10,000, and others cards with no maximum limits at all.
Your credit limit for a secured credit card is usually equal to the amount of your security deposit. For example, if you deposit $200, your credit limit is $200, and a high credit limit of $5,000 requires a $5,000 deposit.
Our pick for a $5,000 limit
Compare high-limit secured credit cards
Here’s a list of cards that offer high maximum deposits. Note that while the DCU Visa® Platinum Credit Card and SDFCU Savings Secured Visa Platinum Card are listed as having no maximum deposits, this is subject to change based on the credit unions’ discretion.
| Card | Minimum deposit | Maximum deposit | Annual fee |
|---|---|---|---|
| DCU Visa® Platinum Credit Card | $500 | Unlimited* | $0 |
| SDFCU Savings Secured Visa Platinum Card | $250 | Unlimited* | $0 |
| Wells Fargo Secured Credit Card | $300 | $10,000 | $25 |
| U.S. Bank Secured Visa® Card | $300 | $5,000 | $29 |
| Green Dot Platinum Visa® Secured Credit Card | $200 | $5,000 | $39 |
| Green Dot primor® Visa® Classic Secured Credit Card | $200 | $5,000 | $39 |
| Green Dot primor® Mastercard® Classic Secured Credit Card | $200 | $5,000 | $39 |
| Green Dot primor® Visa® Gold Secured Credit Card | $300 | $5,000 | $49 |
| BankAmericard® Credit Card | $300 | $4,900 | $0 |
| OpenSky® Secured Visa® Credit Card | $200 | $3,000 | $35 |
| Merrick Bank Secured Visa® from Merrick Bank | $200 | $3,000 | $36 |
| Discover it® Secured | $200 | $2,500 | $0 |
| Citi® Secured Mastercard® | $200 | $2,500 | $0 |
Benefits of a high-limit secured credit card
- Flexibility.
You’ll have more room to increase your credit limit if you need to.
- flexible approval.
If there are weaknesses on your credit report, other providers might not give you high starting limits. By opening a high-limit secured card, you can give yourself a substantial limit.
- Refundable security deposit.
No matter what you deposit, your money is almost always refundable as long as you’re not in default.
What to watch out for with a high-limit secured credit card
- Your credit limit is based on your security deposit.
While a high-limit secured card might sound enticing, remember that you get a substantial limit only if you’ve given your provider a large amount of funds. This money typically doesn’t earn you interest like a savings account would.
- Annual fees.
Many secured cards with high limits come with annual fees of $25 to $49, though you’ll find select products without annual fees.
- High APRs.
While it might be tempting to run up high balances if you have a high credit limit, secured cards often have higher-than-average APRs. This means your card debt could accumulate faster than you think.
- Consider paying off your debt instead.
If you’re willing to put down the money to get a high credit limit, consider whether the funds would be better spent clearing your existing debt. By lowering your current balances, you’ll improve your credit utilization ratio, which will help your credit score and potentially qualify you for better cards.
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Bottom line
Secured-card limits vary widely, often from $1,000 to $10,000. With some providers, you’ll find no maximum limits.
There are many great secured credit cards to choose from, so take your time and compare multiple options.
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