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
Christie Matherne, Credit Card Writer
What credit limit can I get with 750 score? ›
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 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 limit can I get with 740 credit score? ›
Staying the course with your Very Good credit history
| Balance | Spending limit |
|---|
| MasterCard | $1,200 | $4,000 |
| VISA | $1,000 | $6,000 |
| American Express | $3,000 | $10,000 |
| Total | $5,200 | $20,000 |
First Latitude Select Mastercard® Secured Credit Card
Choose your own fully-refundable credit line – $200 to $2000 – based on your security deposit. No minimum credit score required for approval!
How to get a 20K credit card limit? ›
How to Achieve a $20K Credit Limit
- Apply for a High-Limit Card. Explore credit cards designed for individuals with good or excellent credit. ...
- Improve Your Credit Score. Your credit score is an important factor that card issuers consider when determining your credit limit. ...
- Increase Your Income.
In general, your chances of being approved for a $5,000 limit credit card are best if you apply for a secured credit card that allows you to deposit $5,000. The deposit acts as your spending limit, which prevents you from spending more than you can afford to repay.
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.
What APR should I expect with a 750 credit score? ›
Buying a home with an 750 credit score
1, 2022, the average mortgage APR in the U.S. was approximately 7.1%. Borrowers with a 760 FICO Score or higher received an average APR of 6.61%, while those in the 700-759 range had an average APR of 6.83%.
Is there a big difference between 750 and 800 credit score? ›
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.
If you're just starting out, a good credit limit for your first card might be around $1,000. If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.
Why can't I get a credit card with a 750 credit score? ›
While a score of 750 is generally in the "good" range, there are a few reasons why it might not be considered high enough for certain credit cards: Competition: Some credit cards, especially those with premium rewards and benefits, tend to attract a lot of applicants. As a result, issuers might set higher credit score.
What is the credit limit for 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 |
First Progress Platinum Elite Secured Mastercard: The First Progress Platinum Elite Secured Mastercard requires no credit history or minimum credit score for approval. Your security deposit is refundable, and the card is accepted nationwide.
What is the easiest card to get approved? ›
Easiest credit cards to get
- Best for students: Discover it® Student Cash Back.
- Best for no annual fee: Citi Double Cash® Card.
- Best secured credit card: Discover it® Secured Credit Card.
- Best for cash back: U.S. Bank Cash+® Visa® Secured Card.
- Best for no credit: Petal® 2 “Cash Back, No Fees” Visa® Credit Card.
The only way to get a $3,000 limit with bad credit is to place a $3,000 security deposit on a secured credit card. Generally, a secured card's credit limit matches the amount of the refundable security placed by the cardholder. Not all secured credit cards allow deposits as high as $3,000.
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 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.
Is a $10,000 credit limit good? ›
If you're just starting out, a good credit limit for your first card might be around $1,000. If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.
