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High Credit Limit Credit Cards

A high credit limit can help when you want to use your credit card for big purchases or other payments. Here’s what you need to know.

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Name Bonus points Points per $ spent Purchase rate p.a. Annual fee
Qantas Premier Platinum
Qantas Frequent Flyer
Bonus points
80,000
Points per $ spent
1
Purchase rate p.a.
19.99%
Annual fee
$349 first year ($399 after)
Go to siteMore Info
Earn up to 80,000 bonus Qantas Points. Plus, save with a reduced first-year annual fee and 0% p.a. for 12 months on balance transfers. Ends on 01 May 2024.
ANZ Rewards Black Credit Card
Finder Award
ANZ Rewards Program
Bonus points
180,000
Points per $ spent
2
Purchase rate p.a.
20.99%
Annual fee
$375
Go to siteMore Info
Get 180,000 bonus ANZ Reward Points (worth $800+ in digital gift cards) and $150 back when you spend $3,000 in the first 3 months.
Qantas American Express Ultimate Card
Qantas Frequent Flyer
Bonus points
60,000
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$450
Go to siteMore Info
Get 60,000 bonus Qantas Points when you spend $3,000 in the first 3 months. Plus, a yearly $450 Travel Credit.
ANZ Platinum Credit Card
Bonus points
N/A
Points per $ spent
N/A
Purchase rate p.a.
20.99%
Annual fee
$0 first year ($87 after)
Go to siteMore Info
Get $300 back on your card when you spend $1,500 on eligible purchases in the first 3 months and a $0 first-year annual fee. Plus, complimentary overseas travel insurance.
Citi Clear Card - Exclusive Offer
Exclusive
Bonus points
N/A
Points per $ spent
N/A
Purchase rate p.a.
14.99%
Annual fee
$49 first year ($99 after)
Go to siteMore Info
Offers 0% p.a. on balance transfers for 24 months (with 1.5% balance transfer fee) and a $49 first-year annual fee.
American Express Qantas Business Rewards Card
Qantas Business Rewards
Bonus points
170,000
Points per $ spent
1.25
Purchase rate p.a.
0%
Annual fee
$450
Go to siteMore Info
(ABN holders w/ $75k revenue). Earn 170,000 bonus Qantas Points when you spend $6,000 in the first 3 months.
American Express Velocity Platinum Card
Velocity Frequent Flyer
Bonus points
100,000
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$375
Go to siteMore Info
Get 100,000 bonus Velocity Points when you spend $3,000 in the first 3 months. Plus a return domestic flight each year.
St.George Amplify Signature
Amplify Rewards
Bonus points
150,000
Points per $ spent
1.5
Purchase rate p.a.
19.49%
Annual fee
$199 first year ($295 after)
Go to siteMore Info
150,000 bonus Amplify Points (worth $675 in gift cards) when you spend $12,000 in the first 12 months. Plus, a first-year annual fee discount.
ANZ Qantas Business Rewards
Qantas Business Rewards
Bonus points
130,000
Points per $ spent
0.75
Purchase rate p.a.
20.24%
Annual fee
$375
Go to siteMore Info
ABN holders w/ $75k revenue. Get 130,000 bonus Qantas Points when you spend $6,000 on eligible purchases in the first 3 months. Plus, a fast-track to Qantas Business Rewards Level 2.
American Express Platinum Business Card
Finder Award
Membership Rewards Ascent Premium
Bonus points
350,000
Points per $ spent
2.25
Purchase rate p.a.
0%
Annual fee
$1,750
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 350,000 bonus Membership Rewards Points when you spend $12,000 on eligible purchases in the first 3 months.
American Express Explorer Credit Card
Membership Rewards
Bonus points
50,000
Points per $ spent
2
Purchase rate p.a.
23.99%
Annual fee
$395
Go to siteMore Info
Get 50,000 bonus Membership Rewards Points when you spend $4,000 in the first 3 months.
American Express Platinum Edge Credit Card
Membership Rewards
Bonus points
N/A
Points per $ spent
1
Purchase rate p.a.
23.99%
Annual fee
$0 first year ($195 after)
Go to siteMore Info
Save with a $0 annual fee in the first year. Plus, $200 Travel Credit every year.
Westpac Altitude Black
Westpac Altitude Rewards
Bonus points
150,000
Points per $ spent
1.25
Purchase rate p.a.
19.99%
Annual fee
$150 first year ($295 after)
Go to siteMore Info
Earn up to 150,000 bonus Altitude Rewards Points (100k when you spend $6,000 in the first 120 days and 50k in year 2).
American Express Business Explorer Credit Card
Membership Rewards Gateway
Bonus points
N/A
Points per $ spent
2
Purchase rate p.a.
23.99%
Annual fee
$0 first year ($149 after)
Go to siteMore Info
ABN holders w/ $75,000 revenue. Save with a $0 first-year annual fee and earn up to 2 points on eligible business spending.
Qantas American Express Premium Card
Qantas Frequent Flyer
Bonus points
20,000
Points per $ spent
1
Purchase rate p.a.
23.99%
Annual fee
$249
Go to siteMore Info
Get 20,000 bonus Qantas Points and 2 complimentary Qantas Club lounge invitations per year, plus complimentary travel insurance.
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Showing 15 of 21 results

If you want the flexibility of a higher limit, there are credit cards in Australia that offer maximum credit limits of between $20,000 and $100,000. These cards are usually gold, platinum or black accounts that also offer rewards and perks such as airport lounge access, complimentary insurance and concierge services.

Just keep in mind that they may also have higher rates, fees and eligibility requirements.

What are high credit limit cards used for?

A card with a high credit limit offers more flexibility if you're planning to spend a lot or want to earn more reward points. A higher limit can also be helpful if you want to consolidate debt with a balance transfer offer, as credit cards typically have maximum balance transfer amounts based on the available limit.

While these cards increase your borrowing power, it's important to remember that you have to repay what you spend. There's also a risk of interest charges adding up if you carry a balance from month-to-month. So, high credit limits are more suited to people who repay what they spend in each statement period to avoid interest and ongoing debt.

Applying for a new card vs. requesting a higher credit limit

If you already have a credit card you like, you can request a credit limit increase instead of applying for a new card. The credit card provider will still have to do a credit check and assess your eligibility for an increase, but if you're approved it means you can keep using the same card.

Types of credit cards that offer high credit limits

  • Gold, platinum and black credit cards

These premium credit cards are designed for big spenders and high income earners. This also means they typically have higher minimum and maximum credit limits than more basic cards, as well as rewards programs and other perks.

As premium cards usually charge high annual fees and interest rates, they're suited to people who pay their balance in full each month and make use of points and other perks.

  • High credit limit balance transfer cards

Credit cards typically allow you to transfer a balance (or balances) worth between 70% to 100% of your available credit limit on a new card. If your debt exceeds the balance transfer limit, you won't be able to transfer the entire amount. So it's important to consider the potential credit limit before you apply for a balance transfer.

💡Tip: When you apply for a new credit card, you may be able to request a specific credit limit. It's still subject to lending criteria and assessment (and not all providers have this option), but it can be helpful when you want to transfer a balance to the new card.
  • Charge cards

A charge card offers similar features to a credit card, but you have to repay the total amount that you spend each month. This setup means charge cards can offer the flexibility of no pre-set spending limit.

  • Business or corporate cards

If you want a card to manage business cash flow, a business or corporate card will generally offer a higher credit limit than a personal card. They also offer other features for business owners, such as additional cards for employees, itemised statements and integration with accounting software such as MYOB and Quicken.

What to think about before getting a higher credit limit

    • Your spending habits

      Before you request a credit limit increase or apply for a credit card with a high credit limit, consider how much you would need to support your regular spending without tempting you to overspend.

      If you typically pay your balance in full, a credit card with a high limit could help you manage expenses and give you extra spending power in the case of an emergency. But if you don't always pay your balance in full, a high limit could lead to debt.

    • Eligibility

      Your income, expenses, credit history and Australian residency status can all impact whether or not you're approved for the card and what credit limit you'll get.

      Under Australia's responsible lending requirements, banks and other credit card providers need to consider these details. They also have to assess your ability to repay the total limit, with interest, over a 3-year period.

💡 Tip: Before you apply for one of these cards or request a credit limit, check your credit score and make sure your credit history is in good standing.
  • Interest rates

    The average credit card interest rate in Australia is around 20%. But rates typically range from around 8% to 27%, so it's important to consider this cost and compare cards to find one that's suitable for you.

  • Annual fees

    Most credit cards that offer high maximum credit limits charge an annual fee. This could be less than $100 or more than $400 depending on the card. You can weigh this cost against the potential value you'll get from the card's features – such as rewards or a balance transfer offer – to help decide if it is worth it.

Is a high credit limit credit card right for you?

High limit credit cards can suit you if you regularly spend on credit and repay your debt in full each month. But they can also increase the risk of credit card debt or even affect your credit score – especially if your application is declined.

So before you apply for a card or request a higher limit, make sure you compare different options. You could also calculate a credit limit that will work for you to help increase your chance of approval.

Frequently asked questions

What is the maximum credit limit you can get on a credit card in Australia?

Some credit cards offer limits as high as $100,000. But not all credit cards publicly list a maximum credit limit, so there could be more variation, especially for business credit cards.

The key detail to remember is that credit card issuers can only offer you a credit limit that you could reasonably afford to pay off, with interest, over a 3-year period. So you would typically have to be on a very high income to get a $100,000 credit limit.

Which credit cards offer the highest limits?

Here is a list of some of the personal credit cards in Australia that offer high maximum credit limits:

Keep in mind that the credit limit you're approved for depends on the credit card issuer's lending criteria and assessment. So depending on the card and your application, you may be offered a lower credit limit or receive a different outcome.

Does a high credit limit hurt your credit score?

Having a high credit limit doesn't directly affect your credit score. But your credit report does show the credit limits of your current cards and loans, which it could impact your borrowing capacity if you apply for other loans.

If the limit leads to debt, or there are a lot of applications for credit in a short amount of time, that could also have a negative impact on your credit score. But if you regularly repay your balance in full and don't have any defaults, having a high credit score can positively impact your credit history and demonstrate your responsible borrowing habits.

Is there such thing as a no limit credit card?

No, all credit cards have a credit limit. The closest alternative is a charge card, which may offer no pre-set spending limit.

This is because you have to repay your entire balance in full each month to keep the charge card in good standing. Your purchases are approved on an individual basis that is based on your repayment history, your purchase history, and your financial position, including your assets.

What happens if I spend beyond my credit limit?

Usually, going over your credit limit will mean you can't use your card to make any other purchases until you've paid off some of the balance. Some cards will also charge a fee if you spend beyond your credit limit.

Under the current regulations, banks are required to contact you when your credit card is getting close to its limit. But a simple way to avoid exceeding your credit limit is to ensure that you always make regular repayments off your account.

Is it good to have a high credit limit?

Not necessarily. Ideally, your credit limit should fit with your financial circumstances and spending patterns. If you don't spend a lot with your credit card, you may not need a high credit limit.

Is $20k a high credit card limit?

A credit limit of $20,000 is relatively high in Australia. For instance, if you applied for this limit on a card with an average interest rate of 19.94%, you would need to be able to afford monthly payments of around $753. This is based on the requirement for credit card providers to consider your ability to repay a balance, with interest over a 3-year period.

As another example, if you had a credit card with a $20,000 limit, it would typically affect your home loan borrowing power by $20k or more.

What is the average credit card limit in Australia?

The average credit limit per credit card is $9,497.15, according to Finder analysis of data from the Reserve Bank of Australia (RBA) for August 2023.

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