Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

High limit secured credit cards

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

Our pick for a high limit secured card: Capital One Platinum Secured Credit Card

from $49

Security deposit

    Apply now

    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.

    CardMinimum depositMaximum depositAnnual fee
    Capital One Platinum Secured Credit Card$49Unlimited*$0
    Apply now
    DCU Visa® Platinum Secured Credit Card$500Unlimited*$0
    Read review
    SDFCU Savings Secured Visa Platinum Card$250Unlimited*$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 Product 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.
    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.
    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.
    loading

    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.

    More guides on Finder

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
    Go to site