Top 3 Credit Cards With $5,000 Limit

Credit cards are not only for making purchases; they have an array of perks, such as rewards and points. How about cards with a limit of $5,000? Here, we will examine their features, rewards, and fees, and then we will review the value proposition of the three top credit cards with $5000 limit.

A credit card with a $5,000 limit refers to a credit card that allows you to spend up to $5,000 on purchases and transactions. The credit limit is not the same as the spending amount you are free to purchase, but it should not be exceeded. The credit limit is the maximum amount that you can get from the credit card issuer.

In other words, it will have some restrictions, like the total number of purchases that should be made and the total balance that can be borrowed using the credit card. This limit is determined by the credit card issuer based on various factors, such as the cardholder’s credit history, income, and overall creditworthiness.

Several credit cards that can be used for a maximum limit of $5,000 are available. Here are some of the credit cards that give you a $5,000 credit limit.

Top 3 Credit Cards With $5000 Limit

1. Chase Sapphire Preferred® Card
2. Capital One Venture Rewards Credit Card
3. Chase Sapphire Reserve

1. Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card is a popular choice among frequent travelers and individuals seeking valuable rewards. For the first year, the minimum credit limit is $5,000.

If you spend over $6,000 on your credit card during the first year, you will be rewarded with 60,000 bonus points. After you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when redeemed through Chase Ultimate Rewards®.

Key features include:

• Welcome Bonus: Upon spending $4,000 on purchases within the first three months of account opening, cardholders earn a generous welcome bonus.
• Ultimate Rewards: The points associated with the Chase Sapphire Preferred® Card are listed twice as much when redeeming them in the Chase Ultimate Rewards portal.
• Transfer Partners: Moreover, miles can be transferred to several airlines and hotel programs at a 1:1 ratio.
• Travel Protections: The card comes with numerous travel benefits, including trip cancellation and interruption reimbursement, rental car collision damage waiver cover, and lost baggage insurance.
• APR: 21.49%–28.49% variable APR
• ANNUAL FEE: $95
• FICO Score: 670-739
• Rewards: Get up to 25% more when using it for travel purposes. Take, for example, 60,000 points valued at about $750 for travel if they are redeemed through the Chase Ultimate Rewards® clicking program.

Overall Value Proposition: This comes with $5,000 sprees that you get to enjoy a variety of incentives, from a competitive rewards program to travel insurance and the freedom of getting what you want at any time by redeeming points.

2. Capital One Venture Rewards Credit Card

One highlight of the Capital One Venture Rewards Credit Card is undoubtedly its lucrative rewards program. The Capital One Venture Rewards Credit Card stands out as a multi-purpose card that accredits a $5,000 limit to its customers.

This card has some interesting features and benefits, which make it great not only for those who travel often but for those who do their shopping regularly as well. Another benefit Capital One is well known for is how its Venture Rewards Credit Card offers a great rewards program.

Miles awarded include 2 dollars spent on the whole monthly spending, whether in or off category. These miles are reimbursable funds that enable you to repay the cost of the trip by redeeming your rewards for air tickets, hotels, and car rentals according to your choices.

Likewise, as a feature addition to the Capital One Venture Rewards Credit Card, it is accompanied by a sign-up bonus. New cardholders can get a robust amount of bonus points

Key features include:

• Purchase rate 19.99–29.97 per year, variable APR.
• 0% foreign transaction fees. In a nutshell, your bank wouldn’t request a transaction fee when making payments in foreign currencies.
• Re-use the miles for travel.
• If you travel frequently internationally or use more routes within the U.S., consider a program like Global Entry or TSA PreCheck® Credit.
• Welcome Bonus: Qualified new cardholders can earn bonus miles for a certain percentage of the initial balance or a specified amount after activating the card within the first three-month period after account opening.
• Rewards Program: Cardholders get an amount of miles as they continue to earn unlimited 2X on all purchases.
• Redeem Anytime: The miles acquired from the Capital One Venture Rewards Credit Card can be redeemed conveniently at a rate of 1 cent per mile by converting them into travel expenses.
• Travel Protections: The card, together with the insurance coverage, includes some of the most advanced travel policies, for example, travel accident insurance, a vehicle rental collision damage waiver, and so on.
• Annual Fee: No annual fee.
• Foreign Transaction Fee: None.
• FICO Score: 670

3. Chase Sapphire Reserve

The Chase Sapphire Reserve, which is one of the top credit cards with $5000 limit. This card is justly famous for its privileges as well as rewards that can be exchanged for luxury items. Also, meeting its travel-related benefits is great.

With the Chase Sapphire Reserve card, cardholders can earn up to 10 points for every dollar spent on travel and dining purchases through the Chase portal. These channel partners get only 1.5 cents for a point, which can be used to book a flight or transfer to the hotel’s programs.

Also, existing cardholders can get a 60,000-point bonus by spending a specific amount in the first few months while they open and use their accounts.

One of the standout features of the Chase Sapphire Reserve is a travel credit worth $300. It goes for the year as long as you spend it on travel-related expenses. This kind of credit can be used to cover a lot of different travel costs, including airfare, hotels, car rentals, etc.

• Welcome bonus: 60,000 points in total.
• Make $4000 worth of purchases from the very first day you open your account. You would be getting you $900 towards travel, which you can redeem via Chase Ultimate Rewards®.
• This product is open to you as long as you do not own any Sapphire cards and have not earned a new cardmember bonus.
• APR: 22.49%–29.49% variable APR.
• ANNUAL FEE: $550 annual fee +$75 extra fee for every authorized user.
• Rewards: 5x total points on flights are earned per every $1 spent (up to $300 on travel yearly purchases).
• FICO Score: 740 or more.

Read also: $500 Credit Builder Loan: Top 4 Loan Options In The USA

Conclusion

Chase Sapphire Preferred® Card, Capital One Venture Rewards Credit Card, and Chase Sapphire Reserve are among the three best credit cards with $5000 limit that are characterized by unique features, benefits, and rewards. The ultimate choice here is highly subjective, depending on one’s spending practices and travel goals.

This can manifest in either the most flexible travel rewards, simplicity, or extra perks, depending on what you desire. Some cards are designed for the traveler who wants a versatile array of reward options, while others cater to those who prefer a simpler approach, and others still offer luxury benefits.

Consequently, by analyzing the vital aspects and the proposition for the value of the cards in question, consumers can make the right choices, which will help them to use their cards more productively and become better-valued users.