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- A business credit card with a high credit limit isn’t guaranteed. Business credit card limits will vary based on your eligibility, meaning you could get a higher (or lower) limit depending on your creditworthiness.
- The best business credit cards come with useful perks like free employee cards, a rewards program, extended warranties and purchase protection.
- To get the most out of a business credit card, be sure to use your card for all business-related expenses, earn the welcome bonus (if applicable), use expense-tracking tools and pay your bill in full and on time.
Signing up for one of the best business credit cards can be a smart move, especially if your business has a lot of monthly expenses. After all, high-limit business credit cards can help you earn a considerable amount of rewards on all of your spending and make it easier to keep your business expenses separate for tax purposes.
Plus, some business credit cards come with perks that make running a company easier — benefits like free employee cards, extended warranties and purchase protection. Surprisingly, some of the best high-limit business credit cards even include a 0 percent intro APR on purchases for a limited time, which makes it possible to pay down large purchases over time interest-free.
The key to finding the best business credit card for your needs is figuring out which perks you want the most, as well as the type of rewards you hope to earn. Keep in mind that some issuers may not share exact credit limits and a high credit limit isn’t guaranteed. You’ll need a strong credit history in order to qualify for a high credit limit.
To help you choose the right card for your needs, we put together a list of some of the best business credit cards with high limits on the market today.
Best high-limit business credit cards of 2023
Ink Business Preferred Credit Card: Best for flexible rewards
The Ink Business Preferred® Credit Card, which includes a $95 annual fee, is an excellent option for business owners who are looking for high-limit potential and the ability to earn flexible rewards points. This card starts you off with 100,000 bonus points after you spend $8,000 within three months of account opening, which is worth $1,250 in travel through Chase Ultimate Rewards. You’ll also earn 3X points on up to $150,000 in purchases per year in select categories — including travel; shipping purchases; internet, cable and phone services; and advertising purchases made directly with social media and search engines — then 1X points in those categories. You’ll earn 1X points on all other purchases.
The rewards you’ll earn with this card are flexible. You can redeem them through the Chase Ultimate Rewards portal for 25 percent more value added to your points or else for transfers to Chase airline and hotel partners, cash back, gift cards or eligible merchandise. Other card benefits include trip cancellation and interruption insurance, an auto rental collision damage waiver, extended warranty protection, purchase protection, cellphone protection, free employee cards and more.
Ink Business Cash Credit Card: Best for bonus categories
If your business spends a lot in specific business-related categories, you may want to look into a card that rewards you where you spend the most, like the Ink Business Cash® Credit Card. You can earn 5 percent cash back at office supply stores and on internet, cable and phone services (on up to $25,000 in combined purchases each year, then 1 percent cash back). You can also earn 2 percent cash back at gas stations and restaurants (on up to $25,000 in combined purchases each year, then 1 percent cash back) and 1 percent cash back on all other purchases.
This card doesn’t charge an annual fee, and you’ll also get the chance to earn a welcome bonus of $900 in cash back when you spend $6,000 on your card within three months of account opening. Major benefits you can look forward to include primary auto rental insurance coverage when you rent a car for business purposes, purchase protection, extended warranty coverage, free employee cards and more.
Capital One Spark Cash Plus: Best for flat-rate cash back
The Capital One Spark Cash Plus keeps things simple by offering a flat 2 percent cash back on all purchases. You’ll also earn 5 percent cash back on hotels and rental cars booked through Capital One Travel. Note that this card includes a $150 annual fee.
When you sign up, you’ll also get the chance to earn a one-time cash bonus of $1,200 after spending $30,000 in the first three months of account opening. Some card benefits include roadside assistance, virtual card numbers, free employee cards, no foreign transaction fees and more.
Capital on Tap Business Credit Card: Best for an easy application process
The Capital on Tap Business Credit Card allows you to apply with no impact on your credit score since it only does a soft pull of your business and personal credit files. Nearly all credit cards require a hard pull on your credit report when you apply, which temporarily lowers your credit score and stays on your credit report for two years. This makes the Capital on Tap Business card a great option in situations where you already have a good to excellent credit score but want to avoid even a short-term score drop, such as when applying for a mortgage or other loan.
The card also offers a flat 1.5 percent cash back on all purchases, a credit limit of up to $50,000 (based on creditworthiness) and a welcome offer of $200 cash back after you spend $15,000 in the first three months of account opening, all while charging no annual fee.
The Blue Business Plus Credit Card from American Express: Best for earning Amex points
If you want a high-limit business credit card with no annual fee that earns American Express Membership Rewards points, consider The Blue Business® Plus Credit Card from American Express. With this card, you’ll earn 2X points on up to $50,000 in purchases each year (then 1X points), 2X points on prepaid rental cars booked through American Express Travel and 1X points on everything else.
With the American Express Membership Rewards program, you can redeem your rewards for gift cards, statement credits, eligible merchandise, travel through American Express Travel or transfers to American Express airline and hotel partners. Other benefits include car rental loss and damage insurance, employee cards with custom spending limits, purchase protection and an Expanded Buying Power feature, which allows you to spend beyond your credit limit (if approved).
The Business Platinum Card from American Express: Best for premium travel perks
On the premium end of high-limit business credit cards is The Business Platinum Card® from American Express, which comes with a $695 annual fee. This card is a great option for business owners who spend a lot on both office supplies and travel. With this card, you’ll earn 5X points on flights and prepaid hotels booked with American Express Travel, 1.5X points on eligible purchases in key business categories and on eligible purchases of $5,000 or more (on up to $2,000,000 per calendar year) and 1X points on all other purchases. Key business categories include U.S. construction material and hardware suppliers, electronic goods retailers, software and cloud system providers and shipping providers.
This card also includes one of the best welcome bonuses available for a business card — you can earn 120,000 points after spending $15,000 on eligible purchases within the first three months of card membership. Some cardholder benefits include airport lounge access, up to a $400 statement credit per year on Dell purchases (up to $200 semi-annually), up to a $360 statement credit per year on Indeed hiring and recruiting services (up to $90 per quarter), up to a $150 statement credit per year on select Adobe purchases, up to a $189 annual statement credit for Clear when you pay with your card and much more.
How to qualify for a high-limit business credit card
Business credit card limits will vary based on your eligibility, meaning you could get a higher (or lower) limit depending on your creditworthiness. Just keep in mind that your personal credit score will be considered when you apply for a business credit card, and that very good or excellent credit scores (FICO scores of 740 or higher) provide the best chances of approval.
As you prepare for your application, you should know that you can apply for a business credit card with an Employer Identification Number (EIN) or your Social Security number. Applicants who do not have an EIN typically opt to apply for a business credit card as a sole proprietor using their Social Security numbers instead.
Which high-limit business credit card is right for you?
As you compare credit cards with high limits, you’ll want to take some time deciding which factors are most important to you. Here are a few of the main considerations you should keep in mind before you apply for a card.
Compare rewards programs
The business card you’re considering should offer the type of rewards you want to earn. This could include cash back, airline miles, hotel points or flexible points you can redeem in more than one way. Make sure you compare rewards programs for the top cards on your list so you know you’ll choose a card with rewards you can use.
Consider interest rates and fees
Also, take a look at interest rates and fees. If you plan to carry a balance, consider cards that offer a 0 percent intro APR on purchases for a limited time. You’ll also want to look at annual fees, keeping in mind that business credit cards with the best perks and rewards rates tend to charge higher fees each year.
Look closely at cardholder benefits
Finally, decide which cardholder perks you want the most. You may really need free employee cards for your workers, or perhaps you travel often and want travel insurance, rental car coverage or luxury travel perks.
If your business spends a lot of money on equipment, you may also want to look for a card that offers purchase protection against damage or theft and extended warranty coverage on items that already come with a manufacturer’s warranty.
How to maximize a high-limit business credit card
To get the most out of your business credit card, keep the following tips in mind:
- Use your business credit card for all your business-related expenses so you can earn more rewards over time.
- Make sure to meet the minimum spending requirement within the specified timeline for your card’s welcome bonus.
- Use any expense-tracking benefits your business credit card offers, whether that includes transaction reports or year-end spending summaries.
- Pay your bill in full each month to avoid interest charges, keeping in mind that any interest you pay will easily wipe out the rewards you earn.
The bottom line
The best high-limit business credit cards help you earn rewards on your spending while keeping your business transactions separate. They may also come with valuable perks like travel insurance, free employee cards and a 0 percent intro APR on purchases. But before you sign up for a new business credit card, make sure to compare the top options from issuers like Chase, American Express and Capital One so you can find the best card for your needs.