For some reason this post disappeared, so we are reposting.
Visa has several tiers of cards, the three main tiers are:
- Basic
- Visa Signature
- Visa Infinite
Both Visa Signature & Visa Infinite cards have a minimum credit limit. Let’s look at what it is for each.
Visa Signature Minimum Credit Limit
It’s useful to know what the minimum credit limit is for Visa signature cards, because with Bank of America if you’re not eligible for that limit then you’ll automatically be reconsidered and approved for one of their lower cards such as Platinum Plus or Secured. These cards come with a much lower sign up bonus typically.
Officially the minimum credit limit for these cards is $5,000 – although it can be sometimes possible to be approved for a lower limit (except for cards issued by Bank of America).
Visa Infinite Minimum Credit Limit
It’s useful to know the minimum credit limit for Visa Infinite cards, because some cards are only issued as a Visa Infinite product (e.g Chase Sapphire Reserve & Chase Ritz-Carlton) and if a card issuer (e.g Chase) doesn’t want to extend you that minimum line of credit you’ll be denied for the card. Officially the minimum credit limit is $10,000 for Visa Infinite products, but some people have much lower limits as they were automatically upgraded to the Ritz Carlton Visa Infinite card.
