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|
|DCU Visa® Platinum Secured Credit Card||$500||Unlimited*||$0|
|SDFCU Savings Secured Visa Platinum Card||$250||Unlimited*||$0|
|Wells Fargo Secured Credit Card||$300||$25,000||$25|
|U.S. Bank Secured Visa® Card||$300||$5,000||$0|
|BankAmericard® Secured 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|
|UNITY Visa® Secured Credit Card||$250||$10,000||$39|
|OakStone Platinum Secured Mastercard®||$200||$5,000||$49|
|OakStone Gold Secured Mastercard®||$200||$5,000||$39|
Pros and cons
- 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.
- 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
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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