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Find credit cards with the highest maximum credit limit

Find a credit card that best suits your needs. Compare interest rates, balance transfer rates, annual fees and more from Australia's leading lenders big and small. - Data last updated on 21 Jan 2018

Now showing 1 - 20 of 23 max credit limit
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Product Name Card
Purchase Rate
Card limit
Max Free Days
Late Payment Fee
Go To Site
ANZ Low Rate Platinum
Low Rate Platinum
Purchase Rate
11.49%
Card limit
No set max
Expand for more details
ANZ Low Rate
Low Rate
Purchase Rate
12.49%
Card limit
No set max
Expand for more details
ANZ Rewards
Rewards
Purchase Rate
18.79%
Card limit
No set max
Expand for more details
ANZ Rewards Platinum
Rewards Platinum
Purchase Rate
18.79%
Card limit
No set max
Expand for more details
ANZ Rewards Black
Rewards Black
Purchase Rate
18.79%
Card limit
No set max
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ANZ First
First
Purchase Rate
19.74%
Card limit
No set max
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ANZ Platinum
Platinum
Purchase Rate
19.74%
Card limit
No set max
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ANZ Frequent Flyer Platinum
Frequent Flyer Platinum
Purchase Rate
19.99%
Card limit
No set max
Expand for more details
ANZ Frequent Flyer
Frequent Flyer
Purchase Rate
19.99%
Card limit
No set max
Expand for more details
ANZ Frequent Flyer Black
Frequent Flyer Black
Purchase Rate
19.99%
Card limit
No set max
Expand for more details
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The maximum credit limit is one of the most important things you need to know about your credit card.

This is the maximum outstanding balance you can have on your credit card before you’re penalised or cut off.

Most standard credit cards have limits between $1,000 and $5,000, but there are some high-end cards that offer credit up to $100,000.

How is your maximum credit limit set?

When you apply for a credit card, there are several factors you may be assessed on, including:

  • Your income: Usually, the more you earn, the higher the maximum credit limit you will be offered.
  • Your current debt level: If you have a lot of debt, the credit card issuer may not be willing to give you a high maximum credit limit.
  • Your credit history: In Australia, you’ll have what’s known as a ‘credit score’, which is a number that signifies your trustworthiness as a borrower. To see exactly how this score is calculated and find out what your score is for free, click here.
  • Your current financial obligations: Things like rent, car payments, dependent children and the amount of credit available on other cards may also be considered in evaluating your maximum credit limit.

How do you know what your maximum credit limit is?

The easiest way to check is to look your credit card billing statement, log onto your online account or call your bank or credit union.

What happens if you go over your maximum credit limit?

This depends on the terms and conditions of your credit card, so it’s worth checking them carefully. Usually, you can make purchases all the way up to your credit limit, but you can’t go over it. Exceeding the maximum credit limit may result in an over-the-limit fee and can incur a high penalty rate.

How can you increase your maximum credit limit?

If you already have a credit card, but would like to increase the maximum credit limit, the first thing you can do is ask your provider. You can either do this over the phone or in person at a branch. You may need to provide proof that you can afford the extra credit. This could be a letter from your employer showing you’ve had a pay rise or a statement showing you’ve paid off debt.

The other option you have is to shop around for a new credit card that offers a higher maximum credit limit. RateCity has a handy credit card comparison tool to help you see what’s on offer.

How can you lower your maximum credit limit?

If you’re struggling to pay off your credit card on time, and need help staying on budget, you can ask to lower your maximum credit limit. Just talk to your credit card provider, either over the phone or in person at a branch to request this.

What credit cards offer the largest maximum credit limits?

If you are a big spender, there are many providers that offer extremely high maximum credit limit. Depending on your financial circumstances you could get a limit of as high as $100,000.

These credit cards are usually gold, platinum or black accounts, and also come with a long list of rewards and perks.

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FAQs

A credit card is a payment method which lets you pay for goods and services without using your own money. It’s essentially a short-term loan which lets you borrow the bank’s money to pay for things which you can pay back – potentially with interest – at a later date. Credit cards can also be used to withdraw money from an ATM, which is known as a cash advance. Because you’re borrowing money from a bank, credit cards charge you interest on the money you use (unless you repay the entire debt during the interest-free period). When you apply for a credit card, the bank gives you a credit limit which sets the maximum amount you can borrow using your card. Credit cards are one of the most popular methods of payments and can be a convenient way of paying for goods and services in store, online and all around the globe.

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