Best High Limit Business Credit Cards

What Are High Limit Business Credit Cards?

High limit business credit cards are designed for companies that frequently make large purchases or need flexible spending limits. Unlike regular business credit cards that may max out at $50,000 or less, these cards typically start at $100,000 or higher and go up from there.

Benefits of High Credit Business Credit Cards

Some of the benefits of using high credits cards includes

1. Higher Spending Limits

The main benefit of a high limit business card is the ability to charge extremely large purchases without worry. If you routinely buy expensive equipment, supplies, or inventory, a high limit card ensures you have enough available credit. Some cards have limits of $500,000 or more.

2. Rewards and Perks

Many high limit cards also offer valuable rewards and benefits. You may earn points or cash back for your spending that can be redeemed for travel, gift cards, or statement credits. Cards often provide travel perks like airport lounge access, credits for baggage fees, and bonus points for travel purchases.

3. Flexible Repayment Terms

With large credit lines come large monthly payments, so high limit cards usually offer flexible repayment options. You may be able to choose between revolving credit with a variable APR or fixed repayment terms from 6-36 months with a fixed APR. Some cards offer 0% intro APRs for balance transfers or new purchases.

4. Strict Qualification Requirements

The downside is that these cards have very strict qualification criteria. You’ll need excellent business and personal credit, substantial revenue and time in business, and the ability to put down a large security deposit. If approved, you can face high annual fees, penalty APRs, and close monitoring of your spending and payments.

For the business that needs a high spending limit and values rewards, a high limit credit card can be very useful. But only apply if you meet the qualifications and use the card responsibly by making on-time payments each month.

Top 5 High Limit Business Credit Cards in 2023

When your business needs access to serious purchasing power, high limit credit cards are the way to go. These cards offer credit lines of $25,000 or more, giving you the flexibility to make big purchases without impacting your cash flow or requiring a loan.

Here are the top high limit business credit cards to consider in 2024:

1. The Chase Ink Business Unlimited Card

The Chase Ink Business Unlimited card has no annual fee and offers an intro 0% APR for 12 months on purchases. You can earn unlimited 1.5% cash back on all business purchases. Cash back rewards do not expire as long as your account remains open. This card has a minimum credit line of $25,000 and credit lines up to $500,000 are available for qualified businesses.

2. The Capital One Spark Mills

The Capital One Spark Miles for Business card lets you earn unlimited 2x miles per $1 spent on all purchases. Miles do not expire and there are no caps. This card has a $95 annual fee, waived the first year, and minimum credit lines start at $25,000 going up to $500,000. You can redeem miles for travel including airfare, hotels, car rentals, and more.

3. American Express Platinum Card

For premium travel rewards, the Platinum Card from American Express offers 5x points on flights booked through Amex Travel and prepaid hotels, and 1x points on all other purchases. Points are worth up to 5 cents each when redeemed for travel through Amex. This card has a $695 annual fee and minimum credit lines of $25,000 up to $500,000 or more for qualified businesses. Airport lounge access and $200 in annual Uber credits are included.

4. American Express Platinum Business Card

The Business Platinum Card from American Express also offers premium benefits like airport lounge access and Uber credits plus 5x points on flights and prepaid hotels. It has a $695 annual fee but higher credit limits, often starting around $50,000. Both American Express cards offer special financing options for large purchases.

5. American Express Blue Business Plus Credit Card

For simple cash back, the Blue Business Plus Credit Card from American Express has no annual fee and earns 2% cash back on all purchases up to $50,000 per year, then 1% thereafter. Credit lines for this card typically start at $25,000. Cash back is earned in the form of rewards dollars that can be redeemed as statement credits.

FAQs: Everything You Need to Know About High Limit Business Credit Cards

So you’re interested in a high limit business credit card. These cards are designed for medium to large companies with sizable expenses, offering generous credit limits and perks. Here are some common questions about high limit business credit cards.

1. How high are the credit limits?

High limit business credit cards typically start around $50,000 and go up to $500,000 or more for qualified businesses. The exact limit will depend on your business’s credit and financials. The higher your revenue and credit score, the higher the limit you can qualify for.

2. What are the benefits of a high limit card?

Higher spending power. You can charge major purchases and expenses without worrying about maxing out your card.
Improve your credit utilization ratio. High limits mean you’ll use a smaller percentage of your available credit, which is good for your business’s credit score.
Earn more rewards. Big-spending companies can rack up lots of points, miles or cash back. Some cards offer bonus rewards in popular business categories like office supplies, internet service or phone bills.
Premium perks. High limit cards often provide luxury travel benefits and protections, airport lounge access, and concierge services.

3. What are the requirements to qualify?

To be approved for a high limit business credit card, you’ll need:

Excellent business credit (typically 700+) and personal credit (often 650+).
2+ years in business. Some issuers prefer 5+ years.
High annual revenue, often $500K-$5M or more. The higher the limit you need, the higher your revenue should be.
Low credit utilization across your business and personal cards. Aim for 30% or less.
Strong cash flow to prove you can repay high balances.

4. Do high limit cards charge annual fees?

Many high limit business credit cards charge $500-$1000 or more in annual fees. However, the rewards and benefits can easily outvalue the fees if you spend enough. Some cards also waive the fee for the first year or offer a generous sign-up bonus. If fees concern you, look for a card with no annual fee but still a six-figure limit.

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