High Limit Credit Cards up to $100,000 - Apply Online | Finder

High Credit Limit Credit Cards

Looking to make some big purchases? Compare credit cards that offer credit limits as high as $100,000.

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Banks and credit card providers in Australia offer credit cards with maximum credit limits of between $20,000 and $100,000. As well as offering high credit limits, these credit cards are usually gold, platinum or black options that also include premium extras such as rewards, complimentary insurance and concierge services.

Use this guide to compare credit cards with high credit limits and find a card that will fit your spending habits.

Citi Credit Card Offer

Citi Rewards Card - Balance Transfer Offer

0% p.a. for 30 months on balance transfers
$49 first-year annual fee

Offer ends 30 June 2021

Eligibility criteria, terms and conditions, fees and charges apply

Citi Credit Card Offer

Save with a long-term balance transfer offer and a first-year annual fee discount. Plus, Citi reward Points for your spending and complimentary insurance.

  • $49 first-year annual fee ($149 p.a. thereafter)
  • 0% p.a. on balance transfers for 30 months with no balance transfer fee, reverts to 22.24% p.a.
  • 21.49% p.a. purchase interest rate | 22.24% p.a. cash advance rate
  • Earn 1 Citi reward Point per $1 spent
  • Minimum credit limit of $6,000
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Compare high credit limit credit cards

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Data updated regularly
Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
HSBC Platinum Credit Card
N/A
HSBC Rewards Plus
1
19.99% p.a.
$29 annual fee for the first year ($129 p.a. thereafter)
Save money with a 0% balance transfer rate for 36 months (with no BT fee), a first-year annual fee discount and free travel insurance.
Citi Rewards Card - Balance Transfer Offer
N/A
Citi Rewards Program
1
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee.
Qantas Premier Platinum
100,000
Qantas Frequent Flyer
1
19.99% p.a.
$199 annual fee for the first year ($299 p.a. thereafter)
Get 100,000 bonus Qantas Points when you spend at least $4,000 within the first 3 months. Plus a discounted $199 first-year annual fee.
Citi Rewards Card - Bonus Points Offer
100,000
Citi Rewards Program
1
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Get 100,000 bonus Citi reward Points (worth $460 in gift cards) when you spend $3,000 in the first 90 days. Plus, a $49 first-year annual fee.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
N/A
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. for 26 months on balance transfers and a reduced first-year annual fee. Plus, $129 Virgin Australia Gift Voucher per year.
NAB Qantas Rewards Signature Card
110,000
Qantas Frequent Flyer
1
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Up to 110,000 bonus Qantas Points (90,000 when you spend $3,000 in the first 60 days and 20k after 12 months)
ANZ Frequent Flyer Black
120,000
Qantas Frequent Flyer
1
20.24% p.a.
$425
Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.
Bankwest Breeze Platinum Mastercard
N/A
10.99% p.a.
$0 annual fee for the first year ($69 p.a. thereafter)
Get 0% interest on balance transfers for 26 months, a $0 first-year annual fee, complimentary travel insurance and no foreign transaction fees.
ANZ Platinum Credit Card
N/A
0% p.a. for 17 months, reverts to 20.24% p.a.
$0 annual fee for the first year ($87 p.a. thereafter)
Receive a 0% purchase rate offer for 17 months and a $0 first-year annual fee. Plus, complimentary overseas travel and medical insurance.
Bankwest Zero Platinum Mastercard
N/A
17.99% p.a.
$0
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
St.George Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Earn 60,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 15 months with a 1% BT fee.
Citi Rewards Card - Points & Gift Card Offer
90,000
Citi Rewards Program
1
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Receive 90,000 bonus Citi reward Points (worth $400 in gift cards) and a $100 Coles eGift Card when you spend $3,000 in the first 90 days.
Westpac Altitude Platinum Qantas
60,000
Qantas Frequent Flyer
0.5
20.49% p.a.
$149 annual fee for the first year ($200 p.a. thereafter)
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a 0% balance transfer offer.
American Express Explorer Credit Card
90,000
Membership Rewards
2
20.74% p.a.
$395
Get 90,000 bonus Membership Rewards Points and $300 back when you spend $3,000 on your new card in the first 3 months.
Citi Clear Card
N/A
N/A
14.99% p.a.
$49 annual fee for the first year ($99 p.a. thereafter)
Get $250 cashback when you spend $3,000 within the first 90 days. Plus, a 0% balance transfer offer and first-year annual fee discount.
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What are high credit limit cards used for?

A card with a high credit limit can be useful if you're planning to spend more or if you want to consolidate a large amount of debt onto a card with a balance transfer offer. The flexibility to pay for more purchases also makes high credit limit credit cards useful if you want to earn more reward points.

While these cards increase your borrowing power, it's important to remember that you have to repay everything you've charged (plus interest if you don't pay it in full by the end of the statement period). If you struggle to repay your balance in full each month and have a tendency to overspend, a credit card with a high credit limit might not be good for you.

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

If you are happy with the features and fees that come with your credit card but simply want more spending freedom, you could request a credit limit increase instead. After you're approved, you would keep the same card and be able to spend more.

What types of credit cards offer high credit limits?

There are many different credit cards in Australia that offer high credit limits, including:

  • Gold, platinum and black credit cards

These premium credit cards are designed for big spenders and high income earners and usually offer larger credit limits. These cards offer more extra features such as rewards programs, travel insurance, concierge services and airport lounge access. These premium cards usually charge high annual fees and interest rates, so they're best suited to people who pay their balance in full each month and take full advantage of the extra perks.

  • High credit limit balance transfer cards

If you're thinking of transferring a debt to a card with 0% on balance transfers, you need to make sure that the new card has a large enough credit limit to support your balance. Depending on the card, you may be able to request a balance transfer worth between 70% and 100% of the approved credit limit. If your debt exceeds this balance transfer limit, you won't be able to transfer the entire amount and the remaining debt will stay in your old account.

If you have a large credit card debt, consider this when comparing cards and requesting your preferred credit limit.

  • Charge cards

Charge cards are not technically credit cards because they require you to repay your entire outstanding balance in full each month. But this setup means they don't have a credit limit or pre-set spending limit. So if you have large and regular purchases in mind and always repay your balance in full, a charge card could give you greater financial flexibility than a credit card with a set credit limit.

  • Business or corporate cards

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

What should I think about before getting a card with a large credit limit?

  • Your spending habits

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

    If you regularly repay your balance in full, a credit card with a high limit could help you manage your expenses and give you extra spending power in the case of an emergency. But if you don't always repay your balance in full, a high credit limit could be an unnecessary temptation that 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. 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

    Rewards, premium perks and the potential risks that lenders face by providing high credit limits mean that these types of cards often have high interest rates. But there are some low rate cards that also offer high maximum credit limits.

    If you want the flexibility of being able to pay off purchases over a longer period of time, make sure you consider this cost. You can sort the comparison table on this page by purchase interest rate to find the lowest rate option, or compare other low rate cards.

  • 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.

High credit limit credit cards can suit you if you regularly spend on credit and repay your debt in full each month. As with any card, you should always spend responsibly and only spend as much as you can afford to repay regardless of your credit limit. Before you apply for a card or request a credit limit, consider your personal circumstances and compare your options before you apply.

Frequently asked questions

Can a high credit limit credit card affect your credit history?

Your credit report shows the credit limits of your current products (such as credit cards or loans). It will also show if you have applied for a credit card or credit limit increase. Having a high credit limit could impact your borrowing capacity when you apply for other products. 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 has no pre-set spending limit. This is because you are required to repay your entire balance in full each month in order to keep your account. 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?

If you spend beyond your credit limit, you won't be able to 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. If your debt is close to the credit limit and you attract interest on the balance, this could also tip over your credit limit.

Since June 2012, banks are required to contact you when your credit card is getting close to its limit. This should give you a reminder that you need to make a payment or perhaps stop spending for a while so you can get it back down again. The easiest way to avoid exceeding your credit limit is to ensure that you always make regular repayments off your account. This will help keep your balance under control and avoid tipping you over your credit limit.

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.

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