A voltage conversion circuit and a switching power supply device achieving both a good response and a low loss of a power supply voltage, wherein a main voltage conversion portion (circuit block) for conversion an AC voltage to a DC voltage, an auxiliary voltage conversion portion for the same conversion but in transit period up to shifting to a stationary state, a voltage limiting portion (Zener diode) for limiting the DC voltage output from the auxiliary voltage conversion portion to a constant limit-voltage, and an output control switch (transistor) connected in the output pass and for switching the pass to conductive or nonconductive possible to apply a higher voltage in between a voltage at the output node and the limit-voltage based on their magnitude relation.