5 Best High-Limit Business Credit Card

Some firms want the ability to charge both routine costs and massive one-time purchases on the same credit card. The top high-limit business credit cards provide credit limits ranging from $15,000 to $100,000, as well as excellent rewards. To qualify for the maximum credit limits, you’ll need a credit score of at least 750.

The following are the best high-limit business credit cards:

Overall Best High-Limit Business Credit Card: American Express Business Platinum Card®

American Express’s Business Platinum Card®

BEST FOR

Obtaining unparalleled travel rewards and luxury travel benefits such as access to airport lounges

• Earn 100,000 Membership Rewards® points after spending $15,000 on qualifying purchases with the Business Platinum Card in your first three months of card membership.
• On amextravel.com, earn 5X Membership Rewards® points on flights and prepaid hotels.
• Increase your Membership Rewards® points by 50%. On each qualified purchase of $5,000 or more, you’ll get an additional half-point per dollar. Each year, you may earn up to 1 million bonus points.
• When you book on amextravel.com and pay with Membership Rewards® Pay with Points for all or part of a ticket with a qualifying airline, you may earn 35 percent of your points back, up to 500,000 bonus points each calendar year.
• Use CLEAR® to breeze past security and receive up to $179 back every year on your Membership when using your Card.
• Enroll to get up to $200 in statement credits yearly and up to $100 in semi-annual statement credits for Dell purchases made in the United States. Terms and conditions apply.
• PAY OVER TIME OPTION: A flexible payment option for purchases of $100 or more to assist manage the financial flow.
• Terms and Conditions apply.

Pros

• Over 1,200 airport lounges across the globe are available to you for free.
• Reimbursement of membership fees for Global Entry or TSA Pre®

Cons

• The balance is required in full every month.
• The yearly charge is steep at $595.

Why we like it:

The American Express Business Platinum Card® is the best since it allows you to spend your money any way you choose. Because there is no predetermined spending restriction, it is simple to make large purchases. Unlike most credit cards, the Card allows you to carry a balance on some, but not all, charges. It’s also one of the most acceptable small business credit cards accessible since it gives fantastic rewards. You’ll rapidly get this Card’s substantial introductory incentive if you spend $5,000 or more every month.

The American Express Pay Over Time function allows cardholders to carry debt on approved transactions. Those purchases, however, will accumulate interest until they are entirely reimbursed. It’s an excellent tool for business owners that want a little more time to repay high costs.

This Card is one of the greatest for business travelers, not just because of its large purchasing capacity. You’ll gain unrestricted access to over 1,200 airport lounges across the globe, as well as a $100 statement credit for Global Entry ($100) and TSA PreCheck ($85) application fees and a $200 yearly travel credit.

Chase Ink Business Preferred®: The Best Credit Card for Earning Huge Welcome Bonuses on Large Balances

Credit Card Ink Business Preferred®

BEST FOR

Getting the most out of your travel rewards while paying a smaller annual charge

• Spend $15,000 on purchases in the first three months after creating your account to get 100k bonus points. When redeemed via Chase Ultimate Rewards®, that’s $1,000 in cash or $1,250 in travel.
• Each account anniversary year, get 3 points for every $1 spent on travel and specific business categories. On all other purchases, you’ll earn 1 point for every $1 spent.
• Your card transactions will be monitored for probable signals of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
• You won’t be held liable for unauthorized charges made with your card or account information if you have Zero Liability.
• Points may be redeemed for cash, gift cards, vacation, and more, and they don’t expire as long as your account is active.
• When you redeem points for travel with Chase Ultimate Rewards®, your issues are worth 25% more.
• Purchase Protection protects your new purchases against damage or theft for 120 days, up to $10,000 per claim and $50,000 per account.

Pros

• Possibility of increasing the value of award points
• Provides mobile phone insurance as well as trip cancellation insurance.

Cons

• There is no interest-free period available.
• A yearly fee is charged.
• Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your insurance might offer—when renting for business purposes. It provides reimbursement up to the vehicle’s actual cash value for theft and collision damage for most cars in the U.S. and abroad.

Brex Card for Entrepreneurs: The Best Option for Large Startup Expenses With No Personal Guarantee

BEST FOR

Startups with venture money and no personal assurance

• The First Corporate Card for Startups – ideal for I.T. startups and other early-stage businesses with professional finance headquartered in the United States.
• No personal responsibility or security deposit is required, and your credit score will not be affected.
• The most significant incentives for companies are: With industry-leading multipliers, you can earn points on every dollar you spend: 7 times for ridesharing, four times for travel, three times for restaurants, and two times for software subscriptions.
• A corporate bank account with a minimum of $100,000 in funds and a US EIN is necessary.
• Simple online application – acquire a virtual card in 5 minutes or less and an actual card in the mail within a few days.
• Limits are ten to twenty times greater than ordinary business cards.
• Embedded Expense Management Software integrates with all major accounting software and eliminates the need to keep receipts.
• There are no fees for international transactions.
• Brex works with Experian to record your on-time payments, which helps you build business credit.

Pros

• There is no personal guarantee or security deposit required.
• Exceptional awards and credit limitations

Cons

• A corporate bank account with a balance of $100,000 is required.
• The remaining balance must be paid in full.

Why We Like it:

It might be challenging to get a business credit card with enough accessible credit to sustain your new venture. Brex is an excellent choice for businesses searching for company finance without putting their assets on the line. This Card has credit limits that are 10 to 20 times those of a typical business credit card. It’s also the only business card with a rewards category dedicated to long-term software subscriptions like Salesforce, GitHub, and Slack.

Brex also provides good returns on costs that you regularly incur, like travel and ridesharing. You can use your points to get free flights and hotels once you’ve accumulated enough. In addition, you’ll get higher-than-average points on restaurant purchases, so team lunches and coffee shop meetings might save you money.

This Card also provides substantial savings on Amazon Web Services (AWS) and Google Ads. These savings on premium membership plans might help your company save money on services it needs to develop.

Spark®: The Best Way to Get Flat-Rate Cash Back on Variable Expenses

Cash for Business from Capital One® Spark®

BEST FOR

Obtaining a limitless amount of 2% cashback

• After spending $4,500 in the first three months, you will get a $500 welcome bonus.
• Every purchase earns you 2% cashback.
• Employee cards may be distributed for free.

Pros

• You may earn as many prizes as you like.
• Offers a generous welcome bonus

Cons

• There isn’t a 0% APR offer.
• A yearly fee is only waived for 12 months

American Express Blue Business® Plus: Best for Spending Above Your Budget with a 0% Introductory APR

American Express’s Blue Business® Plus Credit Card

• Spend $3,000 in eligible purchases on the Card within the first three months of Card membership to earn 15,000 Membership Rewards® points.
• On regular business expenditures like office supplies or client meals, earn 2X Membership Rewards® points. 2X applies to the first $50,000 in annual purchases, then 1 point every dollar after that.
• With Expanded Buying Power, you can spend your Card above its credit limit.
• There is a limit on how much you may spend above your credit limit. It varies depending on your Card use, payment history, credit history, financial resources known to American Express, and other variables.
• For the first 12 months from the date of account establishment, you’ll get a 0% intro APR on purchases, followed by a variable rate of 13.24 percent to 19.24 percent, dependent on your creditworthiness and other characteristics at account opening.
• No yearly fee
• Terms and Conditions apply.

Pros

• Purchases and balance transfers have a 0% APR for 12 months.
• Earn 2x points on all purchases.

Cons

• The amount of money you may spend to get 2x points is restricted to $50,000.

How Much Can Owners of High Credit Limit Cards Spend?

When applying for a credit card with a large credit limit, business owners should expect to obtain a credit limit ranging from $15,000 to more than $100,000. Some charge cards don’t have a defined spending limit, giving you the freedom to make significant purchases without raising your credit limit. You won’t know your credit limit until you’ve been authorized for a card, however.

How to Find the Best Business Credit Cards with High Limits

Your credit limit is determined in part by your credit score; thus, cardholders with credit scores of at least 800 often have the most significant credit limits.

Issuers consider a variety of criteria, including your credit score, and a good credit score does not ensure a large credit limit. There are methods to boost your credit limit if you obtain a card with a low limit. Before requesting a credit limit increase, make sure you don’t have too much debt about your financial resources and that you haven’t missed any payments.

How Much Can You Spend on a Credit Card?

A high credit limit is a relative term because one company may require $10,000 in credit to manage expenses while another may need $100,000. Government data, on the other hand, shows what the average credit card limit is based on credit score:

• $9,000 for a credit score of 720 to 850.
• A credit score of 660 to 719 will cost you around $5,000.
• $2,000 for a credit score of 620 to 659.
• A credit score of 580 to 619 is worth around $1,000.

Any credit limit above $9,000 is considered above average; however, credit cards with the highest limits often give credit lines of $100,000 or more. If you don’t like your initial credit limit, keep in mind that you may be able to raise it over time. Regularly reporting your income to your card issuer is one way to increase your credit limit.

How We Determined the Worth of High-Limit Business Credit Cards

We looked for small business credit cards with either no spending limits or spending limits ranging from $15,000 to more than $100,000. We also looked for cards with useful extra features and flexible spending schemes. We also considered other important factors such as costs, rewards, and introductory 0% APR offers.

Conclusion

Each of the high-limit credit cards on our list offers credit limits ranging from $15,000 to more than $100,000 to company owners with a credit score of at least 750. These high limits may be used to cover recurring bills or to pay for a significant purchase that has been planned. Before you apply, be sure you know your credit score.