Credit Cards with $5000 Limit Guaranteed Approval

Those looking for Credit Cards with $5000 Limit Guaranteed Approval are in the right place. In this article, we share all the information about Credit Cards with $5000 Limit that give Guaranteed Approval.

In my experience, getting a $5000 credit card credit limit is not difficult. I followed the basic steps, kept my patience, and finally got my $5000 credit limit card.

No worries. I’ll share the same way I applied and got approved. So, you can have a $5000 credit card limit. Let’s begin with understanding Credit Cards with a $5000 Limit Guaranteed Approval.

You Know A Credit Card with $500 Limit Guaranteed Approval can help people with bad Credit build their credit score and gain access to more traditional forms of Credit and Credit Limit like $5000.

What Are Credit Cards with $5000 Limit Guaranteed Approval?

As the title implies, Credit Cards with a $5000 Limit give the borrower Guaranteed Approval. If you pay a security deposit, you can get a credit card with a $5,000 limit guaranteed approval. As these are secured credit cards, they generally don’t require a credit check and do not require a minimum credit score for approval.

On the other hand, unsecured credit cards with high limits are more difficult to get because they require a good credit score, no current debt, and a high income to be approved. By applying for a secured credit card, you have the best chance of getting approved for your desired credit limit. In the future, you can use these cards to build credit, enabling you to get unsecured cards with a $5,000 limit.

A secured credit card’s credit limit is the same as the security deposit. For example, a $5,000 credit limit would require a $5,000 security deposit. A few credit cards allow such a high limit, and the U.S. Bank Cash+® Secured Visa® Card is one of the best choices for cards offering a $5,000 limit with guaranteed approval. It offers great cashback rewards and charges no annual fee.

Below, you’ll find more options for such cards and their relevant details to pick the one that suits your needs.

Best Credit Cards with $5000 Limit Guaranteed Approval

Many secured and unsecured credit cards in the market give a $5000 limit. However, among the most popular, we list the top 3 secured and unsecured credit cards below with their benefits and drawbacks. As a result, you can choose one based on your requirements and eligibility.

If you want to improve your credit score, you must try No Credit Check Credit Cards with Instant Approval No Deposit. These cards offer a unique opportunity to build or rebuild credit without the upfront financial commitment typically required by traditional credit cards. Now, here the List of $5000 Limit Credit card:

Top 3 Secured Credit Cards with $5000 Limit Guaranteed Approval

Secured credit cards with a $5,000 limit and guaranteed approval are great for building or rebuilding credit. Check them out:

U.S. Bank Cash+® Secured Visa® Card

Getting a U.S. Bank Cash+® Secured Visa® Card is easy if you pay a security deposit of $300 up to $5,000 and meet the basic eligibility requirements. With an equal deposit, you can get a $5,000 credit limit on this card, and you can redeem your cash back points in several ways, like gift cards, statement credit, or direct purchases.

A 5% cashback offer is available with the Cash+® Secured Visa® Card in two categories and on airline tickets, hotel reservations, and credit card purchases made through the Rewards Travel Center. The cardholders also get 2% back at gas stations and grocery stores and an unlimited 1% on everything else.

This card has no annual fee but a foreign transaction fee of 3% and a late payment fee of $41. It’s possible to upgrade to an unsecured credit card with even higher limits after you build up a good credit score with the card.

Feature	Detail
Annual Fee	$0
Rewards Rate	– 5% cash back on first $2,000 in combined eligible purchases each quarter in two categories you choose
	– 5% cash back on prepaid air, hotel, and car reservations booked directly in the Rewards Travel Center
	– 2% cash back on eligible purchases in one everyday category
	– 1% cash back on all other purchases
Recommended Credit Score	No Credit History to Poor (0-579)
Regular APR	29.99% Variable

U.S. Bank Cash+® Secured Visa® Card Pros and Cons

Pros	Cons
No annual fee	High APR
Up to 5% cash back on eligible purchases	Foreign transaction fee
Accessible to individuals with poor to no credit history	Requires a security deposit
Rewards include cash back on travel, everyday categories, and all other purchases	No welcome bonus

U.S. Bank Altitude® GO Secured Visa® Card

The U.S. Bank Altitude® GO Secured Visa® Card’s credit limit depends on how much you deposit. You can deposit $300 to $5,000 to set your credit limit and get approved for the card. A secured credit card that doesn’t require a credit score or credit history.

Getting up to 4x points on restaurant delivery, dining, and takeout is one of the benefits of the U.S. Bank Altitude® GO Secured Visa® Card. For everyday purchases like grocery stores, delivery, streaming services, gas stations, and EV charging stations, you get 2x points. For Netflix and Spotify, you get $15 in credit.

Besides using Visa as a payment network, this card doesn’t charge foreign transaction fees, which makes international transactions cheaper and easier. Also, the card doesn’t charge an annual fee, but late and returned payments cost you money.

Feature	Detail
Annual Fee	$0
Rewards Rate	– 4x on dining, takeout, and restaurant delivery
	– 2x on grocery stores, grocery delivery, streaming services, gas stations, and EV charging stations
	– 1x on all other eligible purchases
Recommended Credit Score	Designed for people with poor credit to build a positive credit history
Regular APR	29.99% Variable

U.S. Bank Altitude® GO Secured Visa® Card Pros and Cons

Pros	Cons
– No annual fee	– Requires a minimum security deposit
– Tiered rewards system	– High APR
– No foreign transaction fees	– No welcome bonus

Applied Bank® Secured Visa® Card

If you pay a security deposit and meet the requirements for age and residency, you’ll get approved without a credit check with the Applied Bank® Secured Visa® Card. After the application is approved, you can increase your credit limit to $5,000 by making additional deposits. At the time of application, the security deposit starts at $200 and can go up to $1,000.

Applied Bank® Secured Visa® Credit Card reports to three credit bureaus so you can build credit, too. It doesn’t offer any rewards, but its low fixed interest rates might save you more than other cards with higher interest rates. This card charges an annual fee of $48, but there’s a 3% foreign transaction fee and a $38 late or returned payment penalty.

Feature	Detail
Annual Fee	$48
Regular APR	9.99% Fixed
Credit Score Requirement	No credit check required; accessible for poor/limited credit histories
Credit Limit	Initial deposit of $200-$1,000, can be increased up to $5,000 with additional deposits

Applied Bank® Secured Visa® Card Pros and Cons

Pros	Cons
Helps build credit	Annual fee of $48
No hard inquiry	No grace period
No penalty APR	Foreign transaction fee
No credit limit increase fee	Replacement card fee
Reports to all three major credit bureaus
Low fixed APR
Automatic reporting to all three national credit bureaus
Easy approval with no credit check
Credit limit increase up to $5,000

Top 3 Unsecured Credit Cards with $5000 Limit Guaranteed Approval

It’s challenging to find unsecured credit cards with a $5,000 limit that offer guaranteed approval, especially for individuals with bad credit or without a solid credit history. Credit card issuers evaluate creditworthiness, income, and other factors before determining credit limits and approval. So, here are the top 3 Unsecured Credit Cards with $5000 Limit Guaranteed Approval in our list:

Petal® 2 Visa® Credit Card

With Petal® 2 Visa® Credit Card, you can get a credit limit between $300 and $10,000 depending on your creditworthiness and income. This card is easier to get than other unsecured credit cards as it does not require a minimum credit score.

With this card, applicants with any credit score or no credit can apply and get approved if they have strong cash flow to repay their debts and meet the debt-to-income requirements. However, applicants with lower credit scores will be charged higher interest rates.

The no-fee policy on the Petal® 2 Visa® Credit Card makes managing it more affordable. The card does not charge an annual fee, foreign exchange fee, late payment fee, or returned payment fee. Cardholders receive a bonus of 1% to 1.5% back on all purchases. In the first 12 months of using the card, you will earn 1% cash back, but after 12 months, you will earn up to 1.5%. You can also build credit and track it for free with this card.

Feature	Detail
Annual Fee	$0
Rewards Rate	– 1% cash back on eligible purchases right away
	– Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments
	– 2% to 10% cash back at select merchants
Credit Score Required	Designed for individuals with limited or no credit history; uses an alternative “Cash Score” for eligibility assessment
Regular APR	18.24% – 32.24% Variable

Petal® 2 Visa® Credit Card Pros and Cons

Pros	Cons
No annual fee	No sign-up bonus
No late, foreign transaction fees	No introductory APR offer
Potentially high credit limit up to $10,000	No option for balance transfers
No security deposit required	Cash back rewards start low
Reports to all 3 major credit bureaus
Mobile app with financial tools
Visa partnership benefits

Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card has a minimum credit limit of $5,000. Still, applicants must have an excellent credit score, a high income, and a clean credit history to be approved. Due to its travel-related rewards and benefits, it is an excellent travel card.

It offers rewards in the form of miles that can be redeemed on Amazon.com, PayPal, and travel purchases. With Capital One Travel, you get 2x miles on every purchase and 5x miles on hotels and rental cars you book. You get 75,000 bonus miles when you spend $4,000. You don’t have to pay a foreign transaction fee with this card. You’ll also get travel accident insurance, 24-hour travel assistance, collision damage waivers on auto rentals, and access to Capital One Lounges.

Capital One Venture Rewards Credit Card charges a $95 annual fee and a $50 late payment fee.

Feature	Detail
Annual Fee	$95
Rewards Rate	– 5 miles per dollar on hotels and rental cars booked through Capital One Travel
	– 2 miles per dollar on all other purchases
Welcome Offer	Earn 75,000 bonus miles after spending $4,000 on purchases within the first 3 months
Regular APR	19.99% – 29.99% (Variable)
Credit Needed	Good to Excellent

Capital One Venture Rewards Credit Card Pros and Cons

Pros	Cons
Generous sign-up bonus	Annual fee
Strong rewards for all purchases	Significant spend requirement for welcome offer
Easy rewards to redeem	Minimal travel perks
No foreign transaction fees	Less flexible in rewards compared to cash back
Unlimited miles on select travel and everyday expenses
Flexible redemption options
Global Entry/TSA PreCheck application credit

Chase Sapphire Preferred® Credit Card

With the Chase Sapphire Preferred® credit card, applicants with good credit scores and above, good income, and no current debt may qualify for a $5,000 credit limit. Applicants with excellent scores and high incomes may be approved for higher credit limits.

You can earn 60,000 bonus points for spending $4,000 in the first three months after opening your Chase Sapphire Preferred® credit card, worth $750 in travel rewards. When these points are redeemed for travel through Chase Ultimate Rewards®, they are worth $750.

Additionally, this card offers 5x points on all travel purchases made through their rewards app and 2x points on all other travel purchases. A Chase Sapphire Preferred® credit card comes with an annual fee of $95 and a penalty for late or returned payments. You can earn 3x points on grocery, streaming services, dining, delivery, and takeout purchases. However, you can earn 1x points on all other purchases.

Feature	Detail
Annual Fee	$95
Sign-Up Bonus	Earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening.
Rewards Rate	– 5x on travel purchased through Chase Ultimate Rewards®<br>- 3x on dining, including eligible delivery services, and select streaming services<br>- 2x on all other travel purchases<br>- 1x on all other purchases<br>- Additional specific bonuses on Lyft and travel bookings through Ultimate Rewards®
Recommended Credit Score	720-850 (Excellent)
Regular Purchase APR	21.49%–28.49% variable

Chase Sapphire Preferred® Credit Card Pros and Cons

Pros	Cons
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months.	Annual fee of $95.
5x points on travel purchased through Chase Ultimate Rewards®, 3x on dining, and more.	No intro APR on purchases or balance transfers.
$50 annual Ultimate Rewards hotel credit.
25% more value when redeemed for travel through Chase Ultimate Rewards®.
1:1 point transfer to airline and hotel partners.
No foreign transaction fees.
Comprehensive travel and purchase protection benefits.

How Do I Qualify for a $5,000 Credit Limit?

I have outlined a few ways for you to access a higher credit limit in the following paragraphs.

Good to Excellent Credit Score: For unsecured credit cards, the credit limit is usually determined by the applicant’s credit score, credit history, and income. Therefore, getting a higher credit line on unsecured credit cards requires a high credit score.

Strong Credit History: The best way to get higher borrowing limits on your credit card is to maintain good credit habits and keep your credit history clean. Credit card issuers carry out credit checks to determine if someone has an adverse credit history, such as high present debt, frequent late or missed payments, or bankruptcy in the past.

Good Regular Income: Credit card companies consider income and debt-to-income ratio before offering a credit limit based on your financial situation. It is important that you can provide a regular income of a reasonable amount to qualify for a higher credit line. Several companies require a minimum credit score. You can check their website or contact them directly to know the minimum amount.

Get a Secured Credit Card: Since secured credit cards charge a security deposit as collateral, they reduce the risk of lending even if you do not have good credit or income. A $5,000 credit limit requires a security deposit of the same amount and meeting the company’s minimum age and residency requirements being considered to qualify.

Become an Authorized User: If you can’t get a credit card in your name with a high limit, you can become an authorized user on someone else’s card. Authorized users have the same limits as primary cardholders. The original cardholders can also set a spending limit for the authorized user.

Consider Debit or Prepaid Cards: You can spend as much as you put in your debit or prepaid card account with a debit or prepaid card. It doesn’t involve borrowing money; you use what you put in your account. This means you can’t build credit using these cards since no credit or lending is involved.

How Can I Increase My Credit Cards with $5000 Limit Guaranteed Approval?

There are several ways to increase your existing credit card limit or get a new Credit Cards with $5000 Limit Guaranteed Approval.

Request an Increase Online: You can request a limit increase online through your bank’s website or app. It’s the easiest way to get more money with your card, provided you meet the criteria for an increase, such as a higher income.

Call Your Card Issuer: Call your credit card company to see if you’re eligible for an increase and to request one. You might be asked questions about your job before they approve it.

Wait For An Automatic Increase: Once a customer builds enough credit by using the card responsibly, some credit cards automatically upgrade to a new card, which increases their credit limit. Keeping your credit utilization at 30% or lower is also advised to build a good credit score for an upgrade. To build a good credit score, it’s best to make your payments on time and never miss a payment.

Upgrade Income: Get a part-time job to increase your income. This can help you get higher credit limits. Some banks will also take the income of family members within your household.

Rent Reporting: If you pay your rent on time, you’ll build a positive credit history, and improved credit can get you higher credit card limits. You can also report utility bill payments to the credit bureaus.

Apply For a New Card: Getting another credit card will increase the amount of credit you can get. You can get another card with a similar credit line if your current card allows you to borrow up to $5,000, so if your current card only lets you borrow up to $2,500, you’ll be able to borrow $5,000 more.

Become An Authorized User: It’s possible to become an authorized user on someone else’s card, so you’ll have access to your and the other card’s limits.

What Experts Say on Credit Cards with $5000 Limit Guaranteed Approval?

Financial experts stress the importance of skepticism when encountering offers for credit cards with $5,000 limits and guaranteed approval, particularly for those with limited or poor credit histories. Such offers might be appealing initially, but they often carry hidden drawbacks like substantial annual fees, high APRs, and other restrictive terms.

They advise consumers to thoroughly examine all aspects of the credit card agreement, focusing on fees, interest rates, and the criteria for eligibility. Building a solid credit history through responsible credit management—paying bills on time, keeping balances low, and using credit wisely—is a more reliable path to securing favorable credit card offers.

Experts also recommend exploring secured credit cards to build credit, suggesting that a strong credit profile will eventually open doors to unsecured credit cards with higher limits and more advantageous terms.

Also, Read | Which Insurance Does Clear Choice Dental Accept? 

FAQs for Credit Cards with $5000 Limit Guaranteed Approval

How Do I Qualify for The Maximum Credit Limit?

To qualify for the maximum credit limit, ensure a strong credit score, stable income, and a good credit history. Creditors also consider your debt-to-income ratio. Improving these factors can increase your chances of receiving a higher credit limit.

What is The Easiest Credit Card to Get With Bad Credit?

The easiest credit card to get with bad credit is typically a secured credit card, such as the Discover it® Secured Credit Card. It requires a deposit, has a $0 annual fee, and offers cashback rewards.

What Credit Card is Best for Me?

The best credit card for you depends on your financial situation and goals. If you’re building credit, consider a secured card. For rewards, look into cards offering cash back or travel points. Evaluate APRs, fees, and benefits relative to your spending habits and payment ability.

Is there Instant Approval for a Secured Credit Card with Bad Credit?

Some secured credit cards offer instant approval, even with bad credit, since the security deposit reduces the issuer’s risk. However, terms and eligibility criteria can vary, so reading the fine print is essential.

Is there Instant Approval for an Unsecured Credit Card with Bad Credit?

Instant approval for unsecured credit cards with bad credit is less common due to the higher risk to issuers. However, some cards are designed for individuals with poor credit, offering instant decisions based on quick assessments of your credit profile and income.

Conclusion

In conclusion, Credit Cards with $5000 Limit Guaranteed Approval offer a viable pathway for individuals looking to build or rebuild their credit history through secured or unsecured options. While secured cards require a deposit matching the credit limit, they present a straightforward opportunity for approval and credit improvement. On the other hand, unsecured cards, though harder to qualify for with bad credit, can provide significant financial flexibility and rewards for those who meet the criteria.

Regardless of the type, these credit cards serve as crucial tools for financial growth, enabling users to enhance their credit scores while enjoying the benefits of a substantial credit limit. Always review the terms carefully, manage your card responsibly, and consider how each card aligns with your financial goals. Credit Cards with $5000 Limit Guaranteed Approval can be the stepping stone to achieving a healthier financial future.