San Diego, Calif. (PRWEB) March 01, 2013
Credit cards with high limits are a consumer's reward for achieving excellent credit and a sterling credit history.
High limit credit cards are especially useful for a number of reasons, and are generally reserved for good-to-excellent credit consumers. This according to the popular credit card comparison website Creditnet.com, who today released its list of the top three high limit credit cards.
Creditnet Vice President Jason Bushey explained one of the benefits of high limit credit cards: "High limit credit cards are valuable because they add significantly to a consumer's available credit line. This in turn lowers a consumer's almighty credit utilization ratio, which is a big factor when calculating credit scores."
According to Creditnet, high limit cards can improve credit scores while consolidating spending. "High limit credit cards allow consumers to put most purchases on one card, making it easier to track due dates and balances," said Bushey.
Creditnet advises that credit limits vary based on a consumer's creditworthiness, and a high credit line is never guaranteed when applying for a credit card, nor is approval. Also, credit cards that have high limits are often reserved for consumers with excellent credit only.
Here are Creditnet's top three high limit credit cards available for consumers today:
The Chase Sapphire Preferred® Card is one of the top high limit credit cards available to consumers, and it goes far beyond the high credit lines generally attached to this card.
Cardholders can earn 40,000 bonus points after spending $3,000 in the first three months - equal to $500 in travel. Cardholders will also gain access to the Chase Ultimate Rewards(SM) Program, which includes 20% discounts on airfare, car rentals and cruises with point redemption. Jetsetters will also earn 2 points for every dollar spend on travel and dining at restaurants, and 1 point per dollar on all other purchases made.
For frequent travelers, this high limit card for excellent credit is one of the very best on the market today.
Another excellent credit card for travel junkies hoping to take advantage of a high credit limit, the Capital One® Venture(SM) Rewards Credit Card is one of the most well-reviewed credit cards on the market today.
Along with an above-average credit limit, consumers that are approved for this card will become privy to one of the very best travel rewards programs available. Cardholders earn 2 miles per dollar on every purchase, and can earn a one-time bonus of 10,000 miles after spending $1,000 in purchases within the first three months.
Like the aforementioned Chase card, this high limit Capital One® card has no foreign transaction fees, making it a great fit for excellent credit consumers that travel abroad.
This excellent credit credit card from BarclayCard® is less known for its high credit limits than it is its excellent rewards; this card rewards members with a $50 statement credit after a cardholder's first purchase or balance transfer.
This card also includes an introductory period of 0% on purchases and balance transfers for 12 months, and points can be redeemed on flights, shopping, dining and more.
Creditnet.com is a leading authority on credit card reviews, credit repair tips and debt management. Creditnet is free for users, and is home to one of the web's oldest credit discussion forums, Credit Talk.