The content is accurate at the time of publication and is subject to change.

The highest limits often come with elite top-tier cards, typically aimed at applicants with very good to excellent credit. In general, the higher your credit score, the higher the credit limit you can get. Every issuer has its own process, but in general, you can expect banks to look at your income, debt, debt-to-income ratio, credit history, and credit score, as well as your income and employment history.

The final credit limit is determined based on your creditworthiness on the issuer's side at the time you apply. Although PenFed Credit Union does not disclose credit limits for its cards, the minimum credit limit for the might be around $5,000-$10,000 since it's a Visa Signature card, but cardholders report maximums of $50,000.

In case you don't get approved for the credit limit you want, you can try to request a higher credit limit right after approval. It will require calling the issuer or visiting a local office.

Clearly state the specific credit limit you are requesting. This amount should be realistic and reasonable based on your financial situation and needs. Provide convincing arguments to justify the feasibility of the requested credit limit.

tags : Credit Cards Credit Limit High Limit

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.