Our pick for a $5,000 limit: OpenSky® Secured Visa® Credit Card
from $200
Security deposit
- No credit check to apply
- Low annual fee of $35
- Reports to all three credit bureaus to help build credit
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
High-limit secured credit cards
Some providers allow as high as $10,000 — some have no limits.
Credit Card Guides
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
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.
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 | $0 |
| 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.
Compare secured credit cards
{"niche":"USCCF"}
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.
Frequently asked questions
More guides on Finder
-
First Foundation Bank Online Savings Account review
No monthly fees and a competitive APY from this high-yield savings account.
-
TAB Bank High-Yield Savings account review
TAB Bank’s high-yield savings account has a competitive APY, but it’s probably best for truckers.
-
Netspend Small Business Prepaid card review
This business account supports in-person payments and lets you manage employee spending.
-
Daylight Visa prepaid card review
The first LGBTQ-focused digital banking platform launches with this prepaid card.
-
OakStone Platinum Secured Mastercard® review
Build credit with this secured credit card.
-
OakStone Gold Secured Mastercard® review
Build credit with this secured credit card.
-
Can I get a 5% interest savings account in 2020?
You can find a 5% interest savings account in 2020. But find out if it’s worth it here.
-
Douugh banking review
The Douugh banking app uses AI to optimize your finances, but it lacks key features.
-
Can I get a 12% interest savings account?
These international banks offer accounts with 12% APYs or higher, but watch out for risks.
-
Save Market Savings account Review
With this savings account, you can invest your interest in the stock market for an average 3.13% return. Learn more here.
Ask an Expert