The Ultimate Guide to Credit Cards
Tuesday, November 12, 2019

12 Best Credit Cards for High Spenders

12 Best Credit Cards for High Spenders

credit card advice

Adam West
By: Adam West
Posted: October 30, 2019

Disclosure: When you apply through links on our site, we often earn referral fees from partners. For more, see our ad disclosure and review policy.

Maybe you’re planning a lengthy overseas trip or a major home remodel and need a credit card that can accommodate the increased expenses. Unfortunately, for many of us, the best credit cards for high spenders also happen to be the hardest to qualify for.

According to data analyzed by the credit rating agency Experian, consumers with the top credit scores of 781 to 850 had an average credit card limit of $9,543 per card. That’s compared to an average limit of just $5,209 per card for those with a “good” score of 661 to 780. That’s quite a difference in spending power.

A high-limit credit card can provide a cushion in case of emergency, and can also help lower your overall credit utilization rate. But keep in mind, a lot goes into determining your spending limit, and credit card companies are notoriously tight-lipped about how they calculate this figure. That said, here are some of the best credit cards for high spenders in a variety of categories.

Rewards:
Cash Back | Miles | Points | Dining | Hotels
Issuers:
Amex | BoA | Capital One | Chase | Citi | Discover | Wells Fargo

Best Cash Back Card for High Spenders

As a cash back credit card, you’d struggle to find a better value than the Discover it® Cash Back card. The $0 annual fee and generous interest-free introductory period makes a good all-around card for everyday use. Add up to 5% cash back on as much as $1,500 in purchases in categories you activate each quarter, and you can see how the Discover it® Cash Back card earns its accolades. As a special intro offer, Discover will match the cash back in your first year, effectively doubling your rewards.

Discover it® Cash Back Review

at Discover Card'ssecure website

CASH BACK RATING

★★★★★
4.9

OVERALL RATING

5.0/5.0
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 14 months
0% for 14 months
13.49% - 24.49% Variable
$0
Good/Excellent

Although Discover doesn’t advertise its credit limits, there are reports of initial limits of up to $15,000. This card is intended for consumers with good to excellent credit, and, of course, the better your score, the higher your credit limit is likely to be.

Other factors that will help determine your credit limit include payment history, annual income and expenses, the length of time you’ve had credit, and your credit utilization rate.

Best Miles Card for High Spenders

If you’re looking for a high-value card that will also earn you plenty of air miles for that overseas vacation, the Capital One® Venture® Rewards Credit Card is worth a look. With its one-time bonus miles offer after account opening, it’s easy to see why this card was named “Best Travel Card of 2018” by CNBC. It also offers an unlimited 2X miles on all purchases, and the annual fee is waived the first year.

AIR MILES RATING

★★★★★
5.0

OVERALL RATING

4.9/5.0
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.49% - 24.74% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

Capital One is known to offer generous credit limits to well-qualified card applicants. For the top tier of consumers, this can mean an initial credit line of $20,000 or more. Of course, you’ll need good to excellent credit to be offered the highest limit, along with a lengthy credit history and an impressive debt-to-income ratio.

Best Points Card for High Spenders

Frequent credit card users who want to make the most of their spending will appreciate the Chase Sapphire Preferred® card for its combination of rewards, bonus points, and low annual fee.

POINTS & GIFTS RATING

★★★★★
4.9

OVERALL RATING

4.8/5.0
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.74% - 24.74% Variable
$95
Good/Excellent

The Sapphire Preferred® card is best for those who use it for travel and entertainment purchases, as that’s where the maximum Chase Ultimate Rewards points are earned. This card also offers a fairly high initial credit limit of at least $5,000 and an average of around $10,000. About 10% of cardholders report a credit limit of more than $20,000, and there are reports of credit limits of $100,000 or higher. A good to excellent credit score is required, along with an overall healthy credit profile.

Best Dining Card for High Spenders

If you’re looking for a card that gives you more cash back at restaurants, the Capital One® Savor® Cash Rewards Credit Card could be just what you’re after. With its unlimited 4% cash back on dining and entertainment, this is a great card for those high spenders who regularly pick up the tab. It also offers 2% back at grocery stores and 1% on all other purchases.

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
16.24% - 25.24% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

As a “food and fun” card, it’s hard to beat the Capital One® Savor® Cash Rewards Credit Card. Of course, you’ll need good to excellent credit to be approved, and your score will help determine your credit limit. There is a minimum credit limit of $2,000 upon approval, but many reported instances of approved credit lines of $30,000. The annual fee is waived the first year.

Best Hotel Card for High Spenders

The Capital One® Venture® Rewards Credit Card is a top choice for those who want to earn free hotel stays. That’s because this card offers a flat 2X points on every purchase, every day. There are no rotating or tiered categories to keep track of, and now through January 2020, cardholders will also earn 10X miles on hotels booked through Hotels.com/venture.

EXPERT'S RATING

★★★★★
4.9

OVERALL RATING

4.9/5.0
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.49% - 24.74% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

The cost of the annual fee is offset by the $100 application fee credit for Global Entry or TSA Pre✔®. The available signup bonus is a quick way to earn your first few free nights (or one night at a super-fancy hotel). Venture cardholders have reported credit limits as high as $50,000, but $10,000 seems to be the starting average.

Best American Express Card for High Spenders

Recognized as the premier credit card for serious cardholders and travelers, The Platinum Card® from American Express still carries a certain cachet. Of course, with its $550 annual fee, some may question whether the card is worth the cost. But consider this: There’s a generous signup bonus offer, a $200 annual airline fee credit, a credit of up to $100 a year for TSA Precheck or Global Entry, a $100 annual hotel credit, up to $200 credit for Uber fees per year, and more.

6. The Platinum Card® from American Express

The real value of holding the Platinum Card® is the 5X Membership Rewards points you earn on flights booked through American Express Travel or directly through an airline.

Platinum Card® from American Express

  • 5X Membership Rewards points on flights and hotels
  • Earn annual credits toward Uber rides, airlines, Saks Fifth Avenue
  • Access to 1,200+ airport lounges around the world
  • $550 annual fee

As for the spending limit, the Platinum Card® doesn’t actually have one — at least, theoretically. That’s because you’re expected to pay off the charged balance each month in full. In practice, however, there is a limit to what you can charge, and it has to do with your income level, card usage, and payment history. If you do apply for a Platinum card, don’t be surprised if you’re invited to apply for a Green or Gold card instead, as the standards for Platinum are quite high.

Best Bank of America Card for High Spenders

The Bank of America® Cash Rewards Credit Card is a great way to earn a lot without paying a lot. You’ll earn 3% cash back on a category of your choice that you can change every month. Plus you’ll get 2% back at grocery stores and wholesale clubs, and 1% on all other purchases. You should note that cash back is limited to the first $2,500 in combined purchases each quarter.

Bank of America® Cash Rewards Credit Card Review

at Bank Of America'ssecure website

EXPERT'S RATING

★★★★★
4.7

OVERALL RATING

0.0/5.0
  • $200 online cash rewards bonus after you spend at least $1,000 on purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings
  • Plus, earn 2% at grocery stores and wholesale clubs, and 1% cash back on everything else
  • Bonus rewards capped at $2,500 is combined bonus category purchases each quarter
  • No annual fee
  • If you're a Preferred Rewards client, you can increase that bonus to 25% - 75%
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 12 Billing Cycles
0% Intro APR for 12 Billing Cycles (for balance transfers made in the first 60 days)
16.24% - 26.24% (Variable)
$0
Excellent/Good

Other attractive features of this card include an introductory APR for purchases and balance transfers. In addition, Bank of America Preferred Rewards members can earn 25% to 75% more cash back on every purchase. Initial credit limits with this card are moderate, as you may expect. But there are reports of spending limits as high as $25,000 over time.

Best Capital One Card for High Spenders

It takes just a quick glance to see why the Capital One® Venture® Rewards Credit Card is the leading credit card offered by Capital One®. You’ll get 2X miles for every dollar spent on all purchases, and you can transfer the miles you earn to more than a dozen leading loyalty programs.

EXPERT'S RATING

★★★★★
4.9

OVERALL RATING

4.9/5.0
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.49% - 24.74% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

Applicants seeking the Venture® Rewards card should have a good to excellent credit score, and strong credit history. There are reports of cardholders being approved with scores in the mid-600s, but don’t count on it. As for the initial credit limit, it’s going to depend on your personal credit history, of course, but the average seems to be around $10,000 to start. There are reports of credit limits above $30,000 and even one reviewer who claimed to have received a $50,000 limit.

Best Chase Card for High Spenders

As the premier Chase credit card, the Chase Sapphire Reserve® card has everything high spenders could want. From 3X points on travel as well as dining and entertainment to airport lounge access through Priority Pass® Select, it’s no wonder the Sapphire Reserve® was named “Best Premium Travel Credit Card” for 2018 by Money® Magazine. This elite card also comes with a $300 travel credit and up to $100 credit for TSA Precheck or Global Entry Pass, which almost completely offsets the card’s annual fee.

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Named "Best Premium Travel Credit Card" for 2018 by MONEY® Magazine
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
18.74% - 25.74% Variable
$450
Good/Excellent

Qualifying for the Sapphire Reserve® is only for those with excellent credit scores and a spotless payment history. For those who do get approved, you can expect a minimum starting credit limit of $10,000. However, depending on factors like income and debt ratios, you could end up with a much higher starting limit. Many users report starting limits of $20,000 to $30,000 with a few in the plus $60,000 range.

Best Citi Card for High Spenders

For a certain type of high spender who travels frequently for business and/or entertains clients, the Citi Prestige® Credit Card can make a lot of sense. However, its $450 annual fee in addition to recent changes to the benefits, has some questioning whether this is the right card for them.

10. Citi® Prestige® Credit Card

On the plus side is 5X points earned for air travel or at restaurants and 3X for hotels and cruises. On the minus side of the ledger is a meager 1X for entertainment expenses (one of the recent changes). Another drawback that many have noted is the twice-per-year cap on the 4th Night Free on hotel bookings that had previously been a major perk.

Citi Prestige® Credit Card

  • 5X points on air travel and restaurants, 3X on hotels and cruises, 1X on everything else
  • $250 annual travel credit
  • $495 annual fee

The $250 travel credit, although not as generous as some other cards, can help offset the annual fee. As with most cards, the initial credit limit you receive when approved for Citi Prestige will vary based on personal financial factors. The highest reported initial credit limit we could find was $37,500, and the average was closer to $8,000 to $10,000.

Best Discover Card for High Spenders

For high spenders who don’t mind keeping track of and activating quarterly rotating 5% reward categories, the Discover it® Cash Back card can prove a valuable way to maximize your rewards. Discover will also match all the cash back you’ve earned in the first year, automatically. You’ll earn 1% cash back on all other purchases. Plus, there is no annual fee, and the card even comes with a 0% intro APR period on purchases and balance transfers.

Discover it® Cash Back Review

at Discover Card'ssecure website

EXPERT'S RATING

★★★★★
5.0

OVERALL RATING

5.0/5.0
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 14 months
0% for 14 months
13.49% - 24.49% Variable
$0
Good/Excellent

Card issuers seldom advertise the credit limits available, and Discover is no different. However, as this is Discover’s flagship card, plenty of cardholders have been willing to share their personal experiences with this card’s credit limits online. The range of credit limits is broad, with a low of $300 and an average initial limit of $3,000 reported. Initial credit limits higher than $8,000 are few and far between, with no reports of limits higher than $20,000.

Best Wells Fargo Card for High Spenders

As an all-purpose go-to card for everyday use, the Wells Fargo Visa Signature® Card may not be the best choice, but if used wisely, it can have a lot of hidden value. That’s because the card offers 5X rewards on purchases up to $12,500 on gas, grocery, and drugstore purchases for the first six months. After that, it drops to a measly one point per $1 spent.

12. Wells Fargo Visa Signature® Card

But it can be very lucrative when redeeming the points you’ve earned in that six months. If you book an airline ticket through Wells Fargo Go Far Rewards®, you’ll get 50% more for your reward points. That means at least $625 if you max out at the $12,500 mark.

Wells Fargo Visa® Signature

  • 5X rewards points earned for up to $12,500 spent in select categories for the first six months
  • 0% introductory APR period
  • No annual fee

If you’re not a high spender, there are probably a few cards with better perks than the Visa Signature Card. But, if you have other Wells Fargo cards in the Go Far Rewards program, you can transfer those points to the card and take advantage of the 50% value increase. So, if you’re not averse to a little credit card shuffling and you spend a lot on gas and groceries, maybe this card can work for you.

Which Credit Cards Give the Highest Starting Limit?

It should be stated upfront that there is really no such thing as a guaranteed high starting credit limit. It’s also worth noting that when you apply, no one is sitting at a desk and poring over every detail of your application to determine your initial credit limit. No, it’s far more banal than that.

The credit limit you receive is determined by an algorithm that factors in things such as your credit score, income, total debt, length of credit history, payment history, and any negative marks on your credit report. It also depends on the type of card you’re applying for.

Average Credit Card Limits by Score

That said, here are some of the cards that offer high starting limits as reported by individual cardholders.

Chase Sapphire Reserve® — This card comes with a minimum starting limit of $10,000 and reports of $20,000 to $30,000 are common. Less common but still notable are reported occurrences of $50,000+ starting limits.

Capital One® Venture® Rewards — Average starting limits of around $10,000 with some cardholders reporting $30,000 or more.

Chase® Freedom® Unlimited — Regular reports of starting limits in the $20,000 to $30,000 range.

Citi® Diamond Preferred® — Initial credit limits of $5,000 to $10,000 are reported, with a few in excess of $12,000.

Discover it® Cash Back — Although the average starting limit is just $3,000, qualified applicants have reported $12,000 to $15,000 initial limits.

Plenty of anecdotal evidence suggests that some credit unions and many loyalty program cards frequently approve high starting limits for well-qualified applicants. Examples include Navy Federal Credit Union, Chase Hyatt, Chase Southwest, AMEX Delta Gold, and Hilton HHonors.

Also, cards issued under the Visa Infinite brand apparently have a minimum starting limit of $10,000 and can go as high as $50,000. These cards are very limited, and only the most high-end cards come with this branding.

Which Credit Card is the Most Prestigious?

For a certain type of high spender, the preferred credit card is one that speaks for itself. Think about the legendary American Express “Black” Card, also known as the Centurion® Card. For a time, carrying this card was the pinnacle of prestige and accomplishment. More recently, other card issuers have created their own exclusive offerings that have a similar cachet.

The Platinum Card® from American Express — This premium Amex card is exclusive, while still being accessible. Enjoy all the benefits of many invite-only cards, along with a generous rewards program.

Mastercard® Gold Card™ — This top-tier MasterCard is also known as the Luxury Card, and for good reason. If you’re not dazzled by its actual 24K gold plating, then perhaps the exceptional cash back and airfare redemption rewards will do the trick.

Chase Sapphire Reserve® — Perhaps lacking the ostentatiousness of some others, the Sapphire Reserve® is still recognized as a prestige card that’s not available to just anyone. This is the card to try for as you aspire to the super-premium class.

Of course, there are other cards that signify you’re among the elite class, although these premier cards are available by invitation only. Here are the top cards you can aspire to attain through lots of hard work (and money).

J.P. Morgan Reserve Card — Formerly known as the Chase Palladium Card, this premium card is packed with features and benefits — but only if you’re among the upper tier of high net worth individuals, and a J.P. Morgan Global Wealth Management client.

Citi Chairman American Express Card — Requiring potential cardholders to have significant investments in a Citigroup brokerage account is how this card maintains its exclusivity. Credit lines are rumored to be $300,000+.

Centurion® Card from American Express — Few other cards have the same mystique as the legendary Black Card. If you want to know whether you qualify for this ultra-exclusive card, asking the question alone means you’re not there yet.

Which Credit Cards Give You the Most Cash Back?

Cash back cards are perhaps the most desirable category of rewards cards. That’s because they are easy to compare with one another and offer the most flexibility when choosing how to use your rewards. That being said, not all cash back cards are created equally, and it bears looking into how the rewards are calculated by each card.

Types of Cash Back Credit Cards

Discover it® Cash Back — Among the most popular of the cash back cards, the Discover it® card offers 5% back in rotating categories (when activated, up to the quarterly maximum) and 1% back on everything else. If you don’t mind following the calendar, you can earn a lot of cash rewards with this card.

Chase Freedom® — Another of the 5% cash back cards, the Chase Freedom® card also has rotating categories, plus a potential signup bonus. It offers 1% back on all purchases in other categories.

Capital One® Savor® Cash Rewards — This card offers a terrific unlimited 4% cash back on dining and entertainment, plus 2% cash back at grocery stores and 1% on everything else. There are no categories, and no limit to the cash back you can earn.

Citi® Double Cash — This card lets you earn 1% cash back when you use it, plus 1% cash back when you pay your balance. For cardholders who pay their balance in full each month, that’s an easy 2% on everything you buy.

Chase Freedom Unlimited® — Not to be confused with the Chase Freedom® card, this version lets you earn an unlimited 1.5% cash back on every purchase. It also has no annual fee and a 0% intro-APR period.

High Spending Deserves High Rewards

Whether you’ve made it into the upper echelon of high spenders, or just use your card regularly for personal and business expenses, you want the most you can get from it. That means finding the right balance between fees and rewards while maximizing your perks and benefits. Some cardholders don’t mind using different cards in different situations, while others want simplicity.

How you use your credit card or cards will determine which are best for you. If you travel a lot, a miles card may suit you well. If you regularly eat out, then a dining rewards card may be best. If you don’t mind keeping track of your benefits on each card, then a combination may work for you.

The bottom line is this: The more you spend, the more you should be rewarded. Just be sure not to overpay to get rewards or benefits.

Remember the wise words of Winston Churchill: With great power comes great responsibility — and the more responsible you are with these high-power cards, the more you’ll be rewarded.