Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse felis sapien, dictum quis volutpat quis, efficitur egestas ex. Click here.

Compare Our Top-Rated Premium Credit Cards

Updated: 2nd March 2022

High limit, or premium, credit cards provide top-notch service, the desirable benefits and rewards programmes and, yes, often the potential for very high credit limits. For this reason, high limit credit cards are those that stand at the top of the market.

To add to their exclusiveness, premium credit cards have high qualification standards, often charge higher card fees, and some even require an invitation to apply. So to aid in the search for the best high limit card, we’ve reviewed the premium cards on the market and reckon that these are some of the best that can be found.

Check Your Eligibility

Discover a list of credit cards you may be eligible for. Only takes a few minutes and will not affect your credit score.

Here are The Motley Fool's picks for some of the top-rated premium credit cards

Credit Card Great For Star Rating
M&S Shopping Plus Credit Card * Long 0% purchase and balance transfer, plus points
The Platinum Card * Premium charge card experience
American Express Platinum Cashback Credit Card * Everyday cash back with an extra boost for big spenders
British Airways American Express Credit Card * Collecting Avios on everyday spend
Marriott Bonvoy™ American Express® * Collecting hotel reward points
M&S Rewards Credit Card * Big points at M&S plus sign-up bonus
British Airways American Express Premium Plus Card * Travellers looking for high rewards rates
The American Express Card * Collecting rewards on a charge card
John Lewis Partnership Credit Card Rewards, balance transfers and 0% purchases
Barclaycard Platinum 18-Month Balance Transfer/20-Month 0% Interest Purchase Card Long 0% interest on purchases and balance transfers

Credit card offers from our affiliate partners appear first and are ordered from highest rating to lowest, followed by other top-rated offers. You can read more about our ratings and page sort here. Offers from affiliate partners are marked with a *.

Filter Results

Great For: Long 0% purchase and balance transfer, plus points

M&S Shopping Plus Credit Card *

4.5 stars ?

21.9%

£0

Check Eligibility Apply Now!

On M&S Bank's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

The M&S Shopping Plus card ticks a lot of the boxes to make a great credit card. For starters, there’s a long 22-month 0% period on new purchases. But you can add to that a 22-month, 0% period for balance transfers made in the first 90 days and the M&S points programme. It is worth noting that there’s a 2.9% fee on balance transfers.

Read full review

HIGHLIGHTS

  • 0% interest on purchases for the first 22 months
  • 0% interest for 22 months on balance transfers made in the first 90 days
  • 2.9% balance transfer fee (minimum £5)
  • Earn M&S points for shopping at M&S and elsewhere

KEY SCORES

Perks 4/5
Fees 5/5
APR 4/5

REPRESENTATIVE EXAMPLE

Representative rate 21.9% APR (variable)
Purchase rate 21.9% p.a. (variable)
Assumed credit limit £1,200

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can either Check Eligibility or Apply Now!
on M&S Bank's Secure Website

Great For: Premium charge card experience

The Platinum Card *

4.5 stars ?
Check Eligibility Apply Now!

On American Express's Secure Website

N/A

£575

Check Eligibility Apply Now!

On American Express's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

If you can get your head around spending £575 a year on a payment card, then you stand to benefit from all that The Platinum Card can offer. This high-end experience from American Express includes access to 1,200 airport lounges worldwide, comprehensive travel insurance for you and your family (subject to enrolment), hotels benefits, Membership Rewards points and a platinum concierge service. Note that this is a charge card, not a credit card, so you have to pay down your balance in full each month.

Read full review

HIGHLIGHTS

  • Welcome award of 60,000 points after spending £6,000 in the first six months (subject to eligibility, terms apply, offer ends 2nd November 2021)
  • Complimentary airport lounge access at more than 1,200 lounges around the world
  • Comprehensive worldwide travel insurance for you, your family and supplementary cardmembers (subject to enrolment)
  • Hotel, car rental and taxi hire benefits
  • Access to the Platinum Concierge service
  • Special dining benefits through the Global Dining Collection
  • 1 Membership Rewards point for each £1 spent

KEY SCORES

Perks 5/5
Fees 1/5
APR N/A

REPRESENTATIVE EXAMPLE

Not applicable. This is a charge card, so there’s no credit offered.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can either Check Eligibility or Apply Now!
on American Express's Secure Website

Great For: Everyday cash back with an extra boost for big spenders

American Express Platinum Cashback Credit Card *

4 stars ?
Check Eligibility Apply Now!

On American Express's Secure Website

29.8%

£25

Check Eligibility Apply Now!

On American Express's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

If your goal is maximizing your cashback rewards, the American Express Platinum Cashback Credit Card could be your best bet. The downside is that the card carries an annual fee of £25. However, you get 5% cashback over the first three months (up to £125) and 0.75% cash back after that. And if you spend more than £10,001, you unlock an even higher 1.25% cashback rate.

Read full review

HIGHLIGHTS

  • 5% cashback for first 3 months (up to £125, subject to eligibility)
  • 0.75% cashback after first 3 months with spend of £1 to £10,000
  • 1.25% cashback after first 3 months with spend above £10,001
  • Travel accident insurance (subject to enrolment) and global assist services
  • Access to American Express offers for retail and travel partners

KEY SCORES

Perks 4.5/5
Fees 4/5
APR 3.5/5

REPRESENTATIVE EXAMPLE

Representative APR 29.8% APR variable
Annual fee Based on £25
Credit limit Assumed credit limit of £1,200
Purchase rate 24.5% variable for purchases

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can either Check Eligibility or Apply Now!
on American Express's Secure Website

Limited Time Offer
Great For: Collecting Avios on everyday spend

British Airways American Express Credit Card *

4 stars ?
Check Eligibility Apply Now!

On American Express's Secure Website

24.5%

£0

Check Eligibility Apply Now!

On American Express's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

This card is all about the Avios. For a limited time, if you are a new cardmember, then you can earn 10,000 Avios if you spend £1,000 in the first three months (customer must apply and be approved by 2 November 2021. T&Cs apply.). Everyday spending will see you earn 1 Avios for every £1 spent, and there is also a friend referral scheme which offers 6,000 bonus Avios for each friend who is approved. All of these can then be redeemed as full or part payment against flights, or for flight upgrades. You can also get a Companion Voucher when you spend £12,000 on the card each year. And did I mention there is no annual fee?

Read full review

HIGHLIGHTS

  • 1 Avios per £1 spent
  • For a limited time, 10,000 bonus Avios when you spend £1,000 in first three months (customer must apply and be approved by 2 November 2021. T&Cs apply.)
  • No annual fee
  • Refund protection up to £200 when a UK retailer won’t refund an eligible item within 90 days of purchase (subject to enrolment)
  • Purchase protection up to £2,500 when an item is stolen or damaged within 90 days of purchase (subject to enrolment)
  • Travel accident insurance up to £75,000 (subject to enrolment), plus 24/7 access emergency assistance

KEY SCORES

Perks 4/5
Fees 3/5
APR 2/5

REPRESENTATIVE EXAMPLE

Representative rate 24.5% APR variable
Purchase rate 24.5% variable for purchases
Credit limit Assumed credit limit of £1,200
Annual fee No annual fee

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can either Check Eligibility or Apply Now!
on American Express's Secure Website

Great For: Collecting hotel reward points

Marriott Bonvoy™ American Express® *

4 stars ?
Check Eligibility Apply Now!

On American Express's Secure Website

41.6%

£75

Check Eligibility Apply Now!

On American Express's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

With this card you can earn points when you spend, which will in turn unlock free hotel stays and a host of other travel offers. If you use your card at any properties participating in Bonvoy, you will receive 6 points for every £1. If you use the card elsewhere its 2 points for every £1 spent. Add in a welcome offer of 20,000 bonus points when you spend £3,000 in the first three months (subject to eligibility) and the ability to upgrade the Elite status of your card if you meet the requirements, and you have an attractive package for a frequent traveller looking for a high-end credit card. Just be aware that the card does carry a £75 annual fee.

Read full review

HIGHLIGHTS

  • Welcome offer of 20,000 points based on spending £3,000 in first three months (subject to eligibility)
  • 2 reward points for every full £1 spent
  • Automatic upgrade to Gold Elite Status after £15,000 in spend during the year
  • Free night award after £25,000 in spend during the year
  • 15 Elite nights awarded annually
  • Travel accident and travel inconvenience insurance (subject to enrolment)

KEY SCORES

Perks 5/5
Fees 1/5
APR 2/5

REPRESENTATIVE EXAMPLE

Representative 41.6% APR (variable)
Purchase rate 24.5% p.a. (variable)
Assumed credit limit £1,200
Annual fee £75

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can either Check Eligibility or Apply Now!
on American Express's Secure Website

Great For: Big points at M&S plus sign-up bonus

M&S Rewards Credit Card *

3.5 stars ?

19.9%

£0

Check Eligibility Apply Now!

On M&S Bank's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

For M&S shoppers, the M&S Reward card may look like an outstanding option. Over the first year, users get 2 M&S points for every £1 spent at M&S, along with 1 point for every £5 spent elsewhere. 

 

 

Read full review

HIGHLIGHTS

  • 2 M&S points for every £1 spent at M&S in first year (1 points per £1 spent after that)
  • 1 M&S point for ever £5 spent elsewhere
  • 0% interest for 12 months on purchases
  • 0% interest for 12 months on balances transferred in the first 90 days (2.9% fee applies)
  • No annual fee

KEY SCORES

Perks 3/5
Fees 5/5
APR 4/5

REPRESENTATIVE EXAMPLE

Purchase rate p.a. 19.9% (variable)
Representative APR 19.9% (variable)
Assumed credit limit £1,200

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can either Check Eligibility or Apply Now!
on M&S Bank's Secure Website

Limited Time Offer
Great For: Travellers looking for high rewards rates

British Airways American Express Premium Plus Card *

3 stars ?
Check Eligibility Apply Now!

On American Express's Secure Website

101.1%

£250

Check Eligibility Apply Now!

On American Express's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

This card incorporates the popular Avios reward scheme, which enables cardmembers to earn points that they can use towards flights, flight upgrades or hotel rooms. With a limited time only welcome bonus of 40,000 Avios points when you spend £3,000 in the first three months (customer must apply and be approved by 2 November 2021, T&Cs apply), you are looking at an attractive offer. You just need to get comfortable with the £250 annual fee attached to the card.

Read full review

HIGHLIGHTS

  • 1.5 Avios per £1 spent
  • 3 Avios per £1 spent with British Airways or BA Holidays
  • For a limited time only, 40,000 bonus Avios when you spend £3,000 in first three months (customer must apply and be approved by 2 November 2021. T&Cs apply)
  • Get a companion voucher when you spend £10,000 each year (available each membership year)
  • Travel accident and travel inconvenience insurance (subject to enrolment)
  • Refund and purchase protection (subject to enrolment)

KEY SCORES

Perks 5/5
Fees 1/5
APR 1/5

REPRESENTATIVE EXAMPLE

Representative rate 101.1% APR (variable)
Purchase rate 24.5% p.a. (variable)
Credit limit Assumed credit limit of £1,200
Annual fee £250

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can either Check Eligibility or Apply Now!
on American Express's Secure Website

Great For: Collecting rewards on a charge card

The American Express Card *

2.5 stars ?
Check Eligibility Apply Now!

On American Express's Secure Website

N/A

£60

Check Eligibility Apply Now!

On American Express's Secure Website

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

This card is an American Express classic. The Green Card allows you to earn rewards from the American Express Membership Rewards scheme as well as benefit from travel insurance and purchase protection features (subject to enrolment) without having to worry about accruing debt and interest charges. That’s because this is a charge card, not a credit card, so whatever you spend during the month will need to be repaid in full. The card does, however, carry a £60 annual fee.

Read full review

HIGHLIGHTS

  • No pre-set spending limit
  • 1 Membership Rewards point for each £1 spent
  • Refund and purchase protection (subject to enrolment)
  • Travel inconvenience and travel accident insurance (subject to enrolment)
  • Extended warranty (subject to enrolment)

KEY SCORES

Perks 3/5
Fees 1/5
APR N/A

REPRESENTATIVE EXAMPLE

Not applicable. This is a charge card, so there’s no credit offered.

* This is an offer from one of our affiliate partners. For more information on why and how we work with partners, click here.

Ready to apply? You can either Check Eligibility or Apply Now!
on American Express's Secure Website

Great For: Rewards, balance transfers and 0% purchases

John Lewis Partnership Credit Card

4.5 stars ?

18.9%

£0

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

The John Lewis Partnership Credit Card is an appealing rewards card for consumers who shop regularly at  John Lewis or Waitrose. Cardholders get 5 points for every £4 in spend at John Lewis and Waitrose and 1 point for every £4 spent elsewhere. It also has an 18-month balance transfer offer and a 9-month 0% introductory interest rate on new purchases, and you get all of this without having to dole out an annual fee.

Read full review

HIGHLIGHTS

  • 5 points for every £4 spent at John Lewis and Waitrose, 1 point for every £4 spent elsewhere
  • 0% interest for 18 months on balance transfers
  • 0% interest for 9 months on purchases
  • No annual fee
  • Special offers to boost your rewards points

KEY SCORES

Perks 4/5
Fees 4/5
APR 4.5/5

REPRESENTATIVE EXAMPLE

Representative rate 18.9% APR (variable)
Purchase rate 18.9% p.a. (variable)
Based on borrowing £1,200
Great For: Long 0% interest on purchases and balance transfers

Barclaycard Platinum 18-Month Balance Transfer/20-Month 0% Interest Purchase Card

4 stars ?

21.9%

£0

CREDIT RATING REQUIREMENTS:

  • Poor/No credit
  • Fair/Average
  • Good/Excellent

OUR BOTTOM LINE

Barclaycard Platinum 18-Month Balance Transfer/20-Month 0% Interest Purchase Card combines two solid offers. Cardholders get 20 months of 0% interest on purchases, plus 18 months of 0% interest on balance transfers. There is a 2.9% fee on balance transfers, so those looking to keep costs down may want to look for a card that offers fee-free transfers.

Read full review

HIGHLIGHTS

  • 0% interest on purchases made over the first 18 months
  • 0% interest on balance transfers for 20 months (but a 2.9% fee applies)
  • Savings on live events with Barclaycard Entertainment

KEY SCORES

Perks 3/5
Fees 3/5
APR 3/5

REPRESENTATIVE EXAMPLE

Representative rate 21.9% APR (variable)
Purchase rate 21.9% p.a. (variable)
Based on borrowing £1,200

What is a high limit credit card?

You’ll often hear people talking about ‘high limit credit cards’. So let’s start with an important point. Credit card issuers don’t market their cards as ‘high limit’ cards. The reason for this is simple: The credit limit on a credit card will be determined based on the credit-worthiness of the person applying. So even if a card would offer a very high credit limit to some cardholders, that doesn’t mean that all applicants will get offered a high limit. That said, ‘premium’ credit cards typically offer the potential to get a high credit limit.

Out in the wild, you may see these kinds of cards specifically referred to as premium, but they’re also often referred to as platinum or gold cards. And while these high-end cards may award some customers particularly high credit limits, in theory, some credit cards have no limit on how much you can spend. However, typically a premium credit card has a limit somewhere in the tens of thousands. It can also be the case that if the card has no limit, the provider will instead approve the purchases on a case-by-case basis.

In some circumstances, the cards with the highest spending limits are actually charge cards. These differ from credit cards in that they have no borrowing facility, so you must pay your full balance at the end of each month.

Some high limit credit cards are not open to public applications; instead, you have to wait for an invitation from the credit card provider. An invitation is only likely to be issued if you already hold another product with the provider and have reached the required eligibility criteria.

How to get your maximum limit

Your credit card limit is determined by a number of factors. Providers take into account your credit history, available income, existing credit commitments and credit limits elsewhere.

In order to be eligible for a high limit credit card, you will need to meet a minimum income requirement. This could be anything from £20,000 per year to having a high net worth (e.g. being a millionaire) at the top end. Providers will also require you to have a strong credit history and be over 21 rather than the standard minimum age of 18.

Here are few other things you can do to ensure that you have the best chance of securing a high limit credit card:

  • Credit utilisation – Have you heard of the 30% rule? If you are looking to achieve a higher limit, it pays to look at how you are using your existing credit limit. Providers will look more kindly on your application if you only ever use around 30% of your available credit limit. Keeping well within your current credit limit shows providers that you are not desperate for money and maxing out existing credit cards.
  • Make your payments – There is nothing more key than keeping on top of your credit card payments if you are looking to secure more credit. If you can demonstrate that you make your minimum payments each month, then you put yourself in a strong position. This also applies to other regular payments you have, such as direct debits and standing orders. Any missed or late payments can have a negative impact on your credit score, therefore making it harder for you to obtain a higher limit credit card.
  • Increase your income – Sometimes the way to borrow more money is to earn more money. If you can increase your income, then providers will be more willing to lend you money as they are more confident you will be able to repay your debt.

Check out our new credit card repayment calculator

What’s the catch?

The main drawback of premium cards is that they typically have annual fees. These fees can range from as low as £24 up to thousands of pounds.

However, often with an annual fee come additional perks such as:

  • Frequent flyer miles
  • Access to first class lounges
  • Companion tickets
  • Advanced tickets for events
  • Reservations at top restaurants
  • Travel insurance
  • Breakdown cover
  • Concierge card service

When considering a card with an annual fee, it is worth calculating how much of what is on offer you would get value from, and therefore whether an annual fee would be cost-effective for your personal circumstances.

The big picture on high credit limits

While higher credit limits may seem attractive, they often come with high interest charges. If you have bad spending habits or think you may struggle with the repayments, you could end up with a high level of debt. Consider beforehand whether, if you are spending large amounts, you could afford to make the monthly repayments and also whether you could afford the annual fee associated with the card. Don’t be tempted to chase the biggest limits and the top-end premium credit cards you can find if you can’t afford them and don’t need them.

It is also best to look at what features the card offers as well. Consider any reward programme or additional benefits you could receive, alongside any introductory periods that the card may offer.

Before applying, it is worth checking whether you are likely to be accepted for a premium credit card, since every rejected card application can leave a negative mark on your credit report and make obtaining credit in the future that much harder. Look to do a soft search (also often called an ‘eligibility check’) which will not impact your credit score and consider whether you match the card’s eligibility criteria before making your application.

If you are unhappy with your current credit limit, you could always ask your existing provider for an increase rather than applying for a new card. It helps if you have held the card for a period of time so that the provider can see that you are a responsible borrower. Other factors such as an increased income will also help if you decide to apply for a credit limit increase.


More ways to compare credit cards

Top-rated credit card picks by category

Top-rated credit card picks by issuer


The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. The Motley Fool has recommended shares in Lloyds, Tesco and Barclays.