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High-limit secured credit cards

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

Updated

Fact checked

Our pick for a $5,000 limit: OpenSky® Secured Visa® Credit Card

OpenSky® Secured Visa® Credit Card logo

from $200

Security deposit

  • No credit check to apply
  • Low annual fee of $35
  • Reports to all three credit bureaus to help build credit
Apply now
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

Name Product Annual fee Purchase APR Minimum credit limit Maximum credit limit
OpenSky® Secured Visa® Credit Card
$35
17.39% variable
$200
$3,000
Apply for this card with no credit check if you're new to credit or have bad credit.
OakStone Platinum Secured Mastercard®
$49
9.99% variable
$200
$5,000
Build credit and enjoy an ultra-low APR on purchases of 9.99% variable with this secured credit card.
OakStone Gold Secured Mastercard®
$39
13.99% variable
$200
$5,000
A secured credit card to help you build credit with a low APR on purchases of 13.99% variable.
Applied Bank® Secured Visa® Gold Preferred® Credit Card
$48
9.99% fixed
$200
$1,000
No credit check is required for this secured card. Make a deposit of at least $200 to open this card and get a low 9.99% fixed APR on purchases.
Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card
$49
0% intro for the first 6 months (then 12.99% variable)
$200
$2,000
A rare secured card with a 0% intro APR on purchases for 6 months, followed by 12.99% variable.
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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.

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