The maximum credit line for a Credit One credit card is not publicly disclosed by the issuer, though there are reports of cardholders receiving credit lines as high as $5,000 on some cards. If approved for a Credit One card, applicants can expect a minimum initial credit line of $300 to $500.
Credit One Credit Card Limits
The exact credit limit you receive with a Credit One credit card will depend on which card you select and your overall creditworthiness. In addition, Credit One may periodically review your account for an automatic credit line increase, usually after you’ve had the card for at least 6 months. Credit One doesn’t release specific criteria for granting automatic increases.
How Annual Fees Affect Your Credit One Credit Card Limit
It’s important to know that if you’re approved, the amount of your credit line that’s available for spending may be reduced before you even use the card. Most Credit One credit cards charge an annual fee. If your card has an annual fee, it will be automatically applied against your credit line.
If Credit One’s maximum credit lines aren’t enough to meet your needs, focus on rebuilding your credit to the point where you can apply for a card with the potential for a higher credit line and lower fees.
This answer was first published on 11/28/23 and it was last updated on 04/18/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
The maximum credit line for a Credit One credit card is not publicly disclosed by the issuer, though there are reports of cardholders receiving credit lines as high as $5,000 on some cards. If approved for a Credit One card, applicants can expect a minimum initial credit line of $300 to $500.
How much is the Credit One approval limit? ›
The maximum credit line for a Credit One credit card is not publicly disclosed by the issuer, though there are reports of cardholders receiving credit lines as high as $5,000 on some cards. If approved for a Credit One card, applicants can expect a minimum initial credit line of $300 to $500.
What is the credit limit for Credit One up to $2000? ›
Credit One Platinum's maximum credit limit is around $2,000, according to customer reviews. Some people report being approved for this amount right away, while others have worked up to it over years of responsible card use. The minimum credit limit for Credit One Platinum is just $300.
Does Credit One increase credit limit? ›
Credit One may increase your credit limit automatically, but you can also call the company to request a credit line increase. In many cases, it's possible to receive a higher credit limit if you simply ask for one.
What is the credit line for Credit One platinum? ›
What is the Credit One Bank Platinum Visa credit limit? The Credit One Platinum credit limit is $300 or more. Everyone who gets approved for Credit One Platinum is guaranteed a credit limit of at least $300, and particularly creditworthy applicants could get limits a lot higher than that.
How often does Credit One increase limit? ›
Credit One will automatically increase the credit limit for eligible credit card accounts based on periodic account reviews that typically begin six months after an account is opened. Automatic credit limit increases are done at Credit One's discretion, and there's no guarantee when one will occur.
What is the credit limit for Credit One platinum X5? ›
For example: The Credit One Platinum X5 comes with a minimum credit limit of $500. But since the $95 annual fee is assessed upfront, that means your effective credit limit could be as low as $405 until you pay your bill.
Is $20000 a high credit limit? ›
Yes, $20,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $20,000 or higher.
Is $25,000 a high credit limit? ›
Yes, $25,000 is a high credit card limit.
Is Credit One or Capital One better? ›
They're separate banks with their own financial products, including credit cards. Overall, Capital One's cards tend to boast better value and fewer fees than those from Credit One.
Is Credit One Bank reputable? Credit One Bank is a credit card company with a poor reputation because of its fees and lack of basic services. It offers credit cards for consumers with bad credit. However, it charges so many fees that it arguably takes advantage of people who don't have many credit card options.
How many credit cards are too many? ›
Owning more than two or three credit cards can become unmanageable for many people. However, your credit needs and financial situation are unique, so there's no hard and fast rule about how many credit cards are too many. The important thing is to make sure that you use your credit cards responsibly.
How many Credit One cards can you have? ›
You can have two Credit One credit cards, but that might not be such a good idea, taking into consideration the annual fees, high APR and low credit limits. Keep in mind, though, that if you have a bunch of credit cards with high balances, it's quite possible you'll get denied for more credit.
What is the starting limit on the Credit One Wander card? ›
It has an annual fee typical of travel credit cards
The Chase Sapphire Preferred® Card and Capital One Venture Rewards Credit Card, for example, charge the same annual fee. But those cards offer you a lot more back. The minimum credit limit on the Wander Card is $500.
Is Credit One owned by Capital One? ›
Credit One Financial is an S corporation that is affiliated with Sherman Financial Group through common beneficial ownership. Despite the similar names and "nearly identical" logos, Credit One is not affiliated with the much larger Capital One.
Does Credit One Platinum give credit increases? ›
WalletHub, Financial Company
Your account is automatically considered for a higher credit limit based on your credit score and payment history with Credit One Bank. But you can also simply request an increase yourself.
Is Credit One easy to get approved? ›
The credit score you need for a Credit One credit card is at least 500-700, depending on the card. Credit One credit cards are available to applicants with credit scores ranging from bad to good or better. So, it's possible to be approved despite having a damaged credit score or limited credit history.
What is the minimum credit limit for the Credit One wander card? ›
It has an annual fee typical of travel credit cards
The Chase Sapphire Preferred® Card and Capital One Venture Rewards Credit Card, for example, charge the same annual fee. But those cards offer you a lot more back. The minimum credit limit on the Wander Card is $500.
Is a Credit One pre-approval guaranteed? ›
Pre-qualification does not guarantee account approval and you must submit a full application for review in order to apply for any pre-qualified offer(s) of credit. If you are a Covered Borrower under the Military Lending Act, you may get a different offer.
