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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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Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate p.a. Annual fee
HSBC Platinum Credit Card
N/A
HSBC Rewards Plus
1
19.99%
$29 for the first year ($129 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.
Qantas American Express Ultimate Card
100,000
Qantas Frequent Flyer
1.25
20.74%
$450
Up to 100,000 bonus Qantas Points (75k when you spend $3,000 in the first 3 months and 25k in year 2). Plus, a yearly $450 Travel Credit.
Qantas Premier Platinum
80,000
Qantas Frequent Flyer
1
19.99%
$225 for the first year ($299 thereafter)
Earn 80,000 bonus Qantas Points when you spend $3,000 in the first 3 months and save with a reduced first-year annual fee.
Citi Rewards Card - Velocity Points Offer
60,000
Velocity / Citi
1
21.49%
$0 for the first year ($149 thereafter)
Earn 60,000 bonus Velocity Points when you spend $3,000 in the first 90 days. Plus, $0 first-year annual fee.
St.George Amplify Platinum
100,000
Amplify Rewards
1
19.49%
$29 for the first year ($99 thereafter)
Earn 100,000 bonus Amplify Points (worth $450 in gift cards) when you spend $3,000 in the first 90 days. Plus, a first-year annual fee discount and Kayo cashback offer.
American Express Qantas Business Rewards Card
150,000
Qantas Business Rewards
1.25
0%
$450
ABN holders w/ $75,000 revenue. Get 150,000 bonus Qantas Points when you spend $3,000 in the first 2 months. Plus, a $450 Qantas Flight Voucher.
Citi Rewards Card - Cashback Offer
N/A
Citi Rewards Program
1
21.49%
$99 for the first year ($149 thereafter)
Get $400 cashback when you spend $2,000 through Apple Pay or Samsung Pay in the first 90 days. Plus, a $99 first-year annual fee.
ANZ Platinum Credit Card
N/A
N/A
0% for 25 months, reverts to 20.24%
$0 for the first year ($87 thereafter)
Now offering Cashrewards Max. Receive a 0% purchase rate offer for 25 months and a $0 first-year annual fee. Plus, complimentary overseas travel and medical insurance.
American Express Velocity Platinum Card
100,000
Velocity Frequent Flyer
1.25
20.74%
$375
Earn 100,000 bonus Velocity Points when you spend $3,000 in the first 3 months. Plus, a complimentary return domestic flight per year.
ANZ Rewards Platinum
50,000
ANZ Rewards Program
1.5
20.24%
$0 for the first year ($95 thereafter)
Now offering Cashrewards Max. Get 50,000 bonus Reward Points (worth $220 in eGift cards) when you spend $1,500 on eligible purchases in the first 3 months. Plus, $0 first-year annual fee.
Citi Clear Card - Cashback Offer
N/A
N/A
14.99%
$49 for the first year ($99 thereafter)
Get $250 cashback when you spend $3,000 in the first 90 days. Plus, free wine when you dine and purchase insurance cover.
Westpac Altitude Platinum Card
110,000
Westpac Altitude Rewards
1
19.99%
$49 for the first year ($150 thereafter)
Get 110,000 bonus Altitude Points (worth $350 cashback) when you spend $3,000 in the first 90 days. Plus, a $49 first-year annual fee discount.
American Express Explorer Credit Card
100,000
Membership Rewards
2
20.74%
$395
Get 100,000 bonus Membership Rewards Points when you spend $4,000 in the first 3 months. Plus, a $400 Travel Credit each year.
Citi Premier Card - Cashback Offer
N/A
Citi Rewards Program
1
21.49%
$150 for the first year ($300 thereafter)
Receive $600 cashback when you spend $2,000 through Apple Pay or Samsung Pay in the first 90 days. Plus, save with a $150 first-year annual fee discount.
ANZ Rewards Black Credit Card
80,000
ANZ Rewards Program
2
20.24%
$0 for the first year ($375 thereafter)
Now eligible for Cashrewards Max. Enjoy 80,000 bonus Reward Points (worth $350 in eGift cards) when you spend $2,000 in the first 3 months. Plus, $0 first-year annual fee.
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Compare up to 4 providers

If you want the flexibility of a higher limit, there are banks and credit card providers in Australia that offer 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 accounts that include premium extras such as rewards, airport lounge access, complimentary insurance and concierge services.

What are high credit limit cards used for?

A card with a high credit limit can be useful if you're planning to spend a lot 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.

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. They also offer more extra features such as rewards programs, travel insurance, concierge services and airport lounge access.

As premium cards usually charge high annual fees and interest rates, 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 you have to repay the entire outstanding balance 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

    The potential risks that lenders face by providing high credit limits – plus rewards and other perks – 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 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 higher credit card limit, consider your personal circumstances and compare your options. You could even calculate a credit limit that will work for you before making any decisions.

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 new personal customers a credit limit that they 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.

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 offers 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 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 mean you go over your credit limit.

Under the current regulations, 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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