6 Best High-limit Business Credit Cards of 2022

Editor’s note: This is a recurring post with regularly updated card details.

If you’re a small business owner with costly or high-volume expenses, high-limit credit cards offer a cushion of time to pay for these purchases, plus the opportunity to earn substantial rewards. With some cards, there’s no limit to the amount of rewards you can earn. To find the best card to power up your business, consider if you need a card with or without a preset spending limit, and whether you’d benefit more from cash back or points rewards.

Here are the six best high-limit business credit cards:

• Chase Ink Business Preferred®: Best overall high-limit business credit card
• American Express Business Platinum Card®: Best for construction and home improvement businesses
• Chase Ink Business Cash®: Best for medical and dental professionals
• American Express Blue Business® Plus: Best for restaurants and catering businesses
• American Express® Business Gold Card: Best for consultants who travel frequently
• Business Edition® Secured® Visa Card: Best secured card for business owners rebuilding their credit

Chase Ink Business Preferred®: Best Overall High-limit Business Credit Card

Why we like it: The Chase Ink Business Preferred® card is our top choice for best overall high-limit business credit card thanks to its big introductory bonus and rich rewards for travel and other spend categories. Spend $15,000 during the first three months of card ownership and get 100,000 bonus points or the equivalent of $1,000 cash back. Do you use Google, Facebook, Yahoo, or other sites to advertise your small business? Earn three points per $1 on social media and search engine advertising, along with travel, shipping, internet, cable, and phone. Earn 1 point per $1 on all other business purchases, up to $150,000 in total combined purchases each account anniversary year, one of the highest caps among all business credit cards.

Redeem your rewards for cash, gift cards, travel, or merchandise through Chase Ultimate Rewards or Apple® products at the Apple® Ultimate Rewards Store.

American Express Business Platinum Card®: Best for Construction and Home Improvement Businesses

Why we like it: If you own a construction, renovation, or carpentry business, the American Express Business Platinum Card® offers 1.5x points per dollar for construction material and hardware supplies as well as with electronic goods retailers, software and cloud system providers, and shipping providers. The spend limit to earn points for these specific purchases is $2 million per calendar year.

You can also earn 1.5x points per $1 with every eligible purchase of $5,000 or more. As an introductory bonus, earn 150,000 Membership Rewards® points after spending $15,000 in the first three months, and enjoy a 0% introductory annual percentage rate (APR) for the first 12 months. This card has no preset spending limit, which means your spend limit is flexible. American Express determines how much you can spend, which is dependent on card use, consistent on-time payments, and your credit history. An American Express representative can help with your business needs and anticipated expenses.

Chase Ink Business Cash: Best for Medical and Dental Professionals

Why we like it: When you need fast financing to establish your medical or dental clinic, the Chase Ink Business Cash® card offers 5% cash back on the first $25,000 spent on office supplies, internet, cable, and phone services every account anniversary year. For recurring medical supply purchases, earn 1% on everything else, with no limit to the cash back you can earn. For those long commutes, earn 2% cash back on the first $25,000 at gas stations and restaurants.

As an introductory bonus, earn $750 cash back after spending just $7,500 in the first three months of card ownership. Plus, enjoy a 0% introductory APR for the first 12 months.

American Express Blue Business® Plus: Best for Restaurants and Catering Businesses

Why we like it: Restaurant and catering expenses are varied and fluctuating. Initially, you may need to purchase kitchen equipment, supplies, furniture, and smallware. Later, your expenses may focus on recurring purchases such as food, utility bills, and point of sale costs. When your expenses don’t fall into specific spend categories, the American Express Blue Business® Plus gives you 2x points on the first $50,000 spent each year with no category limitations. Earn 1x points on purchases made after $50,000. With Expanded Buying Power, you can spend above your credit limit without a penalty. Whatever is spent above your credit limit is interest-free and due in full with each billing cycle, in addition to the minimum balance due.

Plus, you can benefit from a 0% introductory APR for the first 12 months and 15,000 Membership Rewards® points after spending $3,000 in the first three months.

American Express® Business Gold Card: Best for Consultants Who Travel Frequently

Why we like it: If you travel often for business, use the American Express® Business Gold Card to earn 4x points for the first $150,000 spent on two of these six categories: airfare, gas stations, and restaurants, as well as advertising, shipping, and computer hardware, software, and cloud systems. If you book your flights with Amex Travel using Membership Rewards® points, you get 25% of those points back, up to 250,000 points per year.

Earn 70,000 Membership Rewards® points after spending $10,000 in the first three months of card ownership. There’s no limit to the number of points you can earn.

Business Edition® Secured® Visa Card: Best Secured Card for Business Owners Rebuilding Their Credit

Why we like it: If you’re a small business owner who’s repairing or rebuilding your credit, a secured card is one of the best ways to grow your credit score. With the Business Edition® Secured® Visa Card issued by First National Bank of Omaha, you can request your own credit limit from $2,000 up to $100,000, subject to credit approval. A security deposit is required in a savings account, which is 110% of your credit limit (up to $110,000).

While there’s a $39 annual fee and no rewards, if you maintain a minimum of $2,000 in your savings account, you can earn interest on the deposit. Even after your credit score has improved, you may not want to switch to an unsecured card if this card’s high limit works for you and your business.

How to Get the Best High-limit Business Credit Cards

Various factors contribute to becoming approved for a high limit card, including having an exceptional credit score (800 or higher) and a low credit utilization ratio (around 30%). Other factors taken into consideration are your business’ income, length of credit history, existing debt, and payment history. A high credit score alone won’t guarantee that you’ll be approved for a high-limit card.

Alternatives to High-limit Business Credit Cards

• Charge card: If you have a strong credit score, you may qualify for a charge card. With a charge card, there’s no preset spending limit, but you must be able to pay the balance of your bill in full with each billing cycle. It’s essential that you have the cash on hand to make each payment because late payments result in high fees (higher than credit cards) and your credit score could suffer damage.
• Business line of credit: If you need short-term funding, a business line of credit allows you to use the available funds, repay them and use them again. You benefit from a fast application and approval process.
• Business loan: There are many types of business loans for specific needs and for general needs. How much you need right away, how much you can repay, and when are important factors to consider when applying for a business loan.

How We Evaluated the Best High-limit Business Credit Cards

Since business credit card issuers don’t disclose their highest limits, we selected cards with the reputation of having credit limits of more than $100,000. We also looked at rewards, fees, 0% introductory APRs, ongoing APRs, and any introductory bonuses.

Bottom Line

A high-limit business credit card is an easy way to finance large purchases for your business. Be sure to keep track of your monthly payment date to avoid late fees and other penalties. If you’re not approved for a high-limit credit card, you may want to consider requesting a credit line increase―if you have an existing business credit card―or see the alternatives suggested in this article. If you’d like to see a wider variety of cards, take a look at our recommendations for the best small business credit cards.