The best high limit business credit cards are also the best business credit cards for people with excellent or good credit. The better your credit situation (both personal and business) is, the more responsible you’ll seem to lenders, and the more likely they’ll be to give you a higher credit line. And although there’s no way to know the maximum on these cards (as the companies themselves don’t give such a number), you can find out the minimum credit limit. The list below has some of your best options, along with their minimum limit and a few other facts.
Here are some of the best high limit business credit cards:
Chase Ink Business Preferred: Minimum credit limit of $5,000, but could start at more than $25,000. 3 points per dollar spent in categories that rotate every year, 1 point per dollar on everything else. $95 annual fee. Requires excellent credit.
Chase Ink Business Cash: Minimum credit limit of $3,000, but could start at more than $25,000. 5% cash back on your first $25,000 spent at office supply stores and on tv/internet/phone; 2% on your first $25,000 of gas; 1% on everything else. No annual fee. Requires excellent credit.
Capital One Spark Cash for Business: Minimum credit limit of $2,000. Unlimited 2% cash back on all purchases. $95 annual fee waived first year. Requires good credit.
Depending on how good your credit is, you may receive a lot more than the minimum. Just look at Ink Business Cash. You’re guaranteed $3,000, but if they think you’re creditworthy enough, you can have $25,000+ as your starting limit. Your credit will have to be pretty flawless to attain that though, and you’ll need to show that your income and assets allow you to spend that much. In any case, like most credit cards, business cards will often give you credit limit increases over time if you pay on time. So don’t be late and keep your credit in good shape and you’ll usually see your credit go up over time.