Getting a credit card with a high limit is not a difficult process, if you know how to go at it and follow some basic advice.
Here are some simple tips to help you get a high limit credit card:
First off, check out the information provided by the credit card issuer about their product. You may need to read the fine print in the terms and conditions section, as the maximum credit limit is not always advertised prominently. If you need a high limit, take a look at the “Gold” or “Platinum” cards offered by the issuer, those can have limits up to $100 000 in some cases.
Also, make sure that your credit report is accurate and free of negative information, such as late payments or written-off accounts. Credit issuers base themselves in large part on your previous credit history in determining how much credit you qualify for.
They also use your annual income in that determination, so make sure you factor in income from all your sources, not just your primary employment. For example, if you do freelance photography in addition to your regular day job, include your freelancing income as well.
If you already have had a “classic” credit card with a bank for some times and have been consistent with your payments, you can ask them if they can upgrade you to a “gold” or “platinum” card with a higher limit. Most of these types of cards start off with a high limit, typically $5000.
To conclude you could also apply for multiple cards to reach your desired credit limit, but this can be a risky venture due to fact of multiple fee factors and varying interest rates. As a result this may make it difficult to stay on top of your monthly balances and bills.