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High limit secured credit cards

Some providers allow as high as $10,000 — some have no limits.

Updated Jan 14, 2021. What changed?

Fact checked

Secured card credit limits depend on your 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. The reason you need a secured deposit is for the provider to use your funds to cover your balance if you fail to pay your card bill.

You may find credit cards with maximum limits from $1,000 up to $10,000. The secured cards with the highest credit limits have no maximum limits at all.

Compare high limit secured credit cards

Here’s a list of cards that offer high maximum deposits. Note that while the DCU Visa® Platinum Secured 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
Capital One Platinum Secured Credit Card	$49	Unlimited*	$0	Apply now
DCU Visa® Platinum Secured Credit Card	$500	Unlimited*	$0	Read review
SDFCU Savings Secured Visa Platinum Card	$250	Unlimited*	$0	Read review
Wells Fargo Secured Credit Card	$300	$25,000	$25
U.S. Bank Secured Visa® Card	$300	$5,000	$0	Read review
BankAmericard® Secured Credit Card	$300	$4,900	$0	Read review
OpenSky® Secured Visa® Credit Card	$200	$3,000	$35	Apply now
Merrick Bank Secured Credit Card	$200	$3,000	$36	Apply now
Discover it® Secured	$200	$2,500	$0	Read review
Citi® Secured Mastercard®	$200	$2,500	$0	Read review
UNITY Visa® Secured Credit Card	$250	$10,000	$39	Read review

Pros and cons

Pros

Flexibility. You’ll have more room to increase your credit limit if you need to.
Higher chances of approval. If there are weaknesses in 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.

Cons

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.

Compare secured credit cards

1 - 3 of 10

Name	Annual fee	Purchase APR	Minimum credit limit	Maximum credit limit
Capital One Platinum Secured Credit Card	$0	28.49% variable	$200	$3,000	A no-annual-fee secured card that separates itself from the pack with a $200 credit limit after making a more affordable than average deposit of $49, $99 or $200.	Apply now View details	Compare	loading Fetching your data...
Capital One Quicksilver Secured Cash Rewards Credit Card	$0	28.49% variable	$200		No annual or hidden fees, and you can earn unlimited 1.5% cash back. See if you're approved in seconds.	Apply now View details	Compare	loading Fetching your data...
OpenSky® Secured Visa® Credit Card	$35	18.89% variable	$200	$3,000	Apply for this card with no credit check if you're new to credit or have bad credit.	Apply now View details	Compare	loading Fetching your data...

Compare up to 4 providers

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.

Thank you for your feedback!

Kliment Dukovski

Kliment Dukovski is a cryptocurrency and investments writer who has written over 700 articles to help readers find and compare the best financial options. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange and stock market trading.

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