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Editors’ take: The seemingly endless list of benefits makes it the coupon book of credit cards. If you use enough of them, you’ll get unparalleled value even with the high annual fee.
The editorial team at Intuit Credit Karma selected this content based on information from users who self-matched this card or similar cards, or who were approved for this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.
Members who matched with this card or cards similar to it had average credit utilization, or what percentage of the credit limit is being used.
The American Express Platinum Card® lacks a conventional credit limit, and its utilization is computed differently than that of cards with credit limits.
Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.
Are you considering obtaining a Platinum Visa? That’s a great decision! Platinum cards come with a number of advantages, such as concierge services, purchase protection, and travel insurance. However, you may be wondering what the maximum amount on a Platinum Visa is before you apply.
The answer, my friend is it depends. There’s no one-size-fits-all answer, as the credit limit on a Platinum Visa can vary depending on several factors, including your credit history income, and debt. However, we can still delve into the fascinating world of Platinum Visa limits and give you a clearer picture of what to expect.
Factors Influencing Your Platinum Visa Limit:
- Credit History: This is the big one. Your credit history is a major determinant of your creditworthiness, and lenders use it to assess the risk of lending you money. A strong credit history with a high credit score will increase your chances of getting a higher credit limit.
- Income: Lenders also consider your income when determining your credit limit. The higher your income, the more likely you are to be able to repay your debt, which can lead to a higher credit limit.
- Debt: Your existing debt obligations can also impact your credit limit. If you have a lot of debt, lenders may be hesitant to give you a high credit limit, as they may worry about your ability to manage additional debt.
- Card issuer: Different card issuers have different policies when it comes to credit limits. Some issuers are more generous than others, so it’s worth comparing offers from different companies before you apply.
Navigating the World of Platinum Visa Limits:
Now, let’s dive into some specific examples of Platinum Visa limits:
- Visa Platinum with a $25,000 limit: This is a common limit for Platinum Visas, and it offers a good balance of flexibility and affordability.
- Visa Platinum with a $50,000 limit: This is a higher limit for Platinum Visas, and it’s typically reserved for individuals with excellent credit and high income.
- Visa Platinum with no preset limit: Some Platinum Visas, like the American Express Platinum Card, don’t have a preset credit limit. Instead, your spending limit is based on your spending patterns, payment history, and financial resources.
Maximizing Your Platinum Visa Limit:
The following advice will help you get a bigger credit limit on your Platinum Visa:
- Maintain a good credit history: This is the most important factor, so make sure you pay your bills on time and keep your credit utilization low.
- Increase your income: The more you earn, the more likely you are to qualify for a higher credit limit.
- Pay down existing debt: Reducing your debt-to-income ratio can make you a more attractive borrower to lenders.
- Negotiate with your card issuer: Don’t be afraid to ask for a higher credit limit, especially if you have a good payment history with the issuer.
Remember:
The credit limit on your Platinum Visa is just one factor to consider when choosing a card. Be sure to compare the benefits, fees, and rewards programs of different cards before you make a decision.
Bonus Tip:
Check out WalletHub’s excellent article on Platinum Credit Card Limits for 2024. It offers a thorough summary of the subject and contains insightful commentary from financial professionals.
So, what’s the highest limit on a Platinum Visa?
There’s no definitive answer, but with a good credit history, a solid income, and some strategic planning, you can increase your chances of getting a high limit and enjoying the full benefits of your Platinum Visa.
Welcome bonus raises the stakes
The Platinum Card® from American Express boasts a generous welcome bonus.
Following the first six months of opening your account and making $8,000 in purchases, you will receive 80,000 Membership Rewards points.
Lifestyle credits make it more than just another travel card
The Platinum Card® from American Express is a luxury travel card, but it also offers some lifestyle perks.
- Uber credit: Receive up to $200 annually to use toward trips or food delivery orders
- You can spend up to $240 a year on Disney, ESPN, Hulu, Peacock, The Wall Street Journal, and The New York Times with your digital entertainment credit.
- Fitness credit: Receive up to $300 to spend at Equinox annually.
- Protection for your phone: If your phone is lost or stolen, you can get up to $800 in coverage (less a $50 deductible) when you pay your monthly bill with the card.
- Get up to $100 in annual shopping credit at Saks Fifth Avenue.
U.S. Bank Visa Platinum Credit Card Review | Limit, Score And More
FAQ
Does the platinum card have a limit?
What is the limit of platinum credit card?
What is the max credit limit for credit one platinum card?
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Card
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Minimum Credit Line
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Reported Maximum Credit Line
|
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Credit One Bank® Platinum Visa®
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$300
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$1,400
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Credit One Bank® Platinum Visa® for Rebuilding Credit
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$300
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$1,500
|
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Credit One Bank American Express® Card
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$300
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$5,000
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Credit One Bank® Platinum X5 Visa®
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$500
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$3,000
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What is the highest limit on the US Bank Visa Platinum Card?
What is the credit one Platinum Visa credit limit?
The minimum credit limit on the Credit One Platinum Visa is $300. The annual fee will be subtracted from this credit limit, significantly limiting your spending power. Credit One does not disclose what the highest limit is on the card. Is the Credit One Platinum Visa worth it?
What is the minimum credit limit for a platinum credit card?
Seeing “platinum” in a credit card’s name does not guarantee a high limit, as minimum credit limits for unsecured platinum cards typically range from $300 to $500 or more. If you are applying for a secured credit card, your credit limit will usually equal your security deposit amount.
Is there an annual fee on a Visa Platinum credit card?
There is no annual fee on the U.S. Bank Visa Platinum Credit Card. What is U.S. Bank ExtendPay®? U.S. Bank ExtendPay ® Plans provide a payment option that allows you to divide eligible credit card purchases into affordable monthly payments with no interest* – just a fixed monthly fee.
Does US Bank Visa Platinum have an annual fee?
The U.S. Bank Visa Platinum Credit Card typically offers our best and longest introductory APR offer on purchases and balance transfers. Does my U.S. Bank Visa Platinum Credit Card have an annual fee? There is no annual fee on the U.S. Bank Visa Platinum Credit Card. What is U.S. Bank ExtendPay®?