The credit limit you can get with a 750 credit score is likely in the $1,000-$15,000 range, but a higher limit is possible. The reason for the big range is that credit limits aren’t solely determined by your credit score. They are largely based on your annual income, existing debt and other payment obligations, along with your personal credit history.
As part of assessing your risk as a borrower, card issuers look at your credit report to gain insight into how you’ve handled credit in the past. They also look at your income and your current obligations to decide what limit you can afford. Limits can vary depending on which credit card you’re applying for, too.
If you want to estimate what kind of credit limit you’ll get, you should start with your income. If the card issuer requires a monthly payment of 5% of your balance, and your disposable monthly income is $500, you could get a credit limit in the $10,000 range ($500 / 5% = $10,000). So while your credit score may get you approved for the card, it isn’t the ultimate factor in what credit limit you’ll get.
This answer was first published on 11/01/19. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
What credit score is needed to get a high-limit credit card?
| VantageScore 3.0 credit score range | Average credit card limit |
|---|
| 300–640 | $3,481.02 |
| 640–700 | $4,735.10 |
| 700–750 | $5,968.01 |
| 750+ | $8,954.33 |
Mar 15, 2024
You can get the best rates on loans and credit cards
When your score is 750, you can rest easy that you will qualify for most financial products and get among the very best rates on them. A 750 credit score is considered excellent on commonly used FICO and VantageScore scales, which range from 300 to 850.
How much can I borrow with a 750 credit score? ›
You can borrow $50,000 - $100,000+ with a 750 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
What credit cards have a $20,000 limit? ›
For those looking for a Credit Cards with $20000 Limit Guaranteed Approval, there are several options available, including the Chase Sapphire Reserve, American Express Gold Card, Ink Business Preferred Credit Card, Capital One Venture X Rewards Credit Card, and the Chase Sapphire Preferred Card.
What credit card has a $100,000 limit? ›
On our list, the Ramp Corporate Card and the Chase Ink Business Premier Preferred Credit Card offer the best opportunity to access a $100,000 credit limit. Ramp determines your spending limit based on factors like your cash-on-hands and monthly expenses, while Chase uses creditworthiness to calculate your credit limit.
Is $20,000 a good credit limit? ›
Yes, $20,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $20,000 or higher.
Is there a big difference between 750 and 800 credit scores? ›
A 750 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.
What percentage of population has 750 credit score? ›
Credit score distribution: How rare is an exceptional 800 to 850 score?
| FICO® Score range | Percent within range |
|---|
| 650-699 | 12% |
| 700-749 | 17% |
| 750-799 | 24% |
| 800-850 | 23% |
4 more rowsMay 31, 2023
This includes your credit score, monthly income, debt-to-income ratio, and more. However, if you have a 750 FICO score, you shouldn't have any issues being approved for a mortgage. With most lenders you should also qualify for excellent mortgage rates as long as you have a reasonable debt-to-income ratio.
Can you pull out a $5000 loan with a 750 credit score? ›
Grace Enfield, Content Writer. You need a credit score of 580 or higher to qualify for a $5,000 personal loan in most cases. Other common requirements for a $5,000 loan include being at least 18 years old, having enough income to afford the monthly payments, and owning a valid bank account.
Requirements for a $5,000 Personal Loan
Requirements for a $5,000 loan vary by lender. But in general, you should have at least Fair credit, which is a score of 580 or above. Lenders may also look at other factors, such as your income and your debt-to-income ratio (DTI), during the application process.
How much would a $5000 loan cost per month? ›
What is the monthly payment on a $5,000 personal loan?
| Payoff period | APR | Monthly payment |
|---|
| 1 year | 15% | $451 |
| 2 years | 15% | $242 |
| 3 years | 15% | $173 |
| 4 years | 15% | $139 |
3 more rowsWhen averaging credit limit data across generations from Experian®, the average credit limit in America is $28,929.80. Your credit card limit depends on your credit score, age, income, and other factors. Credit card limits can range anywhere from $300 to more than $100,000.
Which credit card gives best limit? ›
Best High Limit Credit Cards
- Infinia Credit Card.
- Axis Magnus credit card.
- Flipkart Axis Bank Credit Card.
- HDFC Regalia Credit Card.
- Axis Bank Reserve Credit Card.
How to Get Approved for a High Limit Credit Card
- Improve your credit score: High limit credit cards typically require good or excellent credit. ...
- Increase your income and reduce your debt: The higher your income is, the better chance you have of getting a new card with a high initial credit limit.
Chase Sapphire Preferred® Card.
What credit score do you need for a 5000 credit card? ›
A credit score of 700 or better is typically needed for a card that offers a $5,000 credit limit. This means that these cards usually require you to have good or excellent credit. You will normally need a high income and little to no existing debt to get a limit that high, too.
What credit limit can I get with a 720 credit score? ›
What is a high credit limit?
| Credit category | Credit score range | Average credit line |
|---|
| Super prime | 720-850 | About $10,000 |
| Prime | 660-719 | Less than $6,000 |
| Near prime | 620-659 | About $3,000 |
| Subprime | 580-619 | About $2,000 |
How to Get Approved for a High Limit Credit Card
- Improve your credit score: High limit credit cards typically require good or excellent credit. ...
- Increase your income and reduce your debt: The higher your income is, the better chance you have of getting a new card with a high initial credit limit.
