How to compare high limit business credit cards

Take advantage of a higher credit line for big business purchases – and free up more cash flow.

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Having a high credit limit can be ideal if you spend a lot each month or want to free up some cash flow, plus it offers the freedom to purchase what your business needs without sending your credit utilization ratio sky high. Providers usually don’t share credit limit ranges for their cards, but you can contact a provider and ask about the minimum and maximum credit limits – although remember you won’t be guaranteed the maximum.

How to get a high credit limit business card

  • Maintain an excellent business and personal credit score.
  • Make on-time payments and establish a good history with your current provider, which may allow you to successfully request a credit limit increase.
  • Apply for a charge card that offers dynamic purchasing power, which means you won’t have a set credit limit each month. Rather, your credit limit will depend on factors such as your credit score, your spending habits and your payment history. Your purchasing power will fluctuate each month.

How we chose the best high limit business credit cards

We’ve chosen the cards on this page based on the providers available through Finder. These cards are not representative of the entire market. Our top high credit limit business cards offer a high value of rewards or cash back, exclusive perks such as access to business tools, and a signup bonus. We’ve also considered annual fees and any balance transfer offers. All of these cards are charge cards, which means you’ll need to pay off your balance in full each month.

No single business card will be the best choice for everyone, so compare your options before picking your new card.

Best for rewards points: American Express Business Gold Rewards Card

American Express Business Gold Rewards Card

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The American Express Business Gold Rewards Card provides you with most of the luxury American Express benefits – but in return, you can avoid a high annual fee. With an annual fee of $250, you’ll get comprehensive travel insurance coverage, points per dollar spent, access to business tools and a credit limit that adjusts monthly to your spending habits. Although your credit limit isn’t static, you will have to pay the balance off each month in full since it’s a charge card.

Best for travel: Business Platinum Card from American Express

Business Platinum Card from American Express

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The Business Platinum Card from American Express provides luxury travel perks including airport lounge access, concierge services and comprehensive travel insurance. As a charge card, you’ll need to pay off the balance in full each month, however your credit limit will adjust depending on your spending habits. It’s designed as a travel companion and business card for the frequent flyer – but is it worth the $499 annual fee?

Best for Air Miles: American Express AIR MILES for Business Card

American Express AIR MILES for Business Card

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Looking to earn Air Miles? The American Express AIR MILES for Business Card can help take you around the world in style when you charge your business expenses to this card. This card is a charge card, and although you’ll need to pay off your balance in full each month, you can take advantage of a fluctuating credit limit.

What is a charge card?

While a charge card can be swiped, tapped or inserted the same way as a credit card, there are some important differences:

  • Must pay your balance in full when due. You can’t carry a balance from month to month – you must pay your balance in full.
  • No interest. Since you can’t carry a balance, you won’t accrue any interest. That said, if you fail to make a full payment on time, you’ll typically be charged an incredibly high interest rate of 30% or more.
  • No preset spending limit. Often times, a charge come comes with no preset credit limit which makes them ideal for those who want access to a high spending limit. However, this doesn’t mean you get unlimited spending. Your purchasing power constantly adjusts based on your payment history, spending habits and other factors. This is often referred to as dynamic purchasing power, and can mean your purchasing limit changes from month to month.

American Express is the only company that issues charge cards in Canada. They offer three charge cards for businesses:

How to compare high credit limit business cards

To choose the best high limit business credit card, ask yourself:

  • Do you want a Visa, Mastercard or American Express? Since each card type offers different benefits, such as regular credit cards vs. charge cards and higher or lower global acceptance, you’ll want to decide which network provider will work best for your business needs.
  • Do you want complete control over your credit limit? If you choose a charge card, you can typically get access to a higher amount of credit each month, while a regular credit card will have a set credit limit.
  • Are you looking for rewards points, miles or cash back? Although there aren’t many business credit cards on the market, you can choose between earning points, miles or cash back. If you travel frequently, earning miles or points may be more beneficial than cash back. Plus, there are way more rewards points and miles cards on the market than cash back business cards.
  • Do you want to pay an annual fee? If money is tight or your cash flow is inconsistent, you might want to avoid a card with a high annual fee. There are a variety of both annual fee and no annual fee business cards on the market.

Find out more about charge cards

Bottom line

If you’re looking into a high limit credit card for your business, you’ll need to have a good to excellent credit score. Applying for a charge card will also typically give you access to a higher credit limit with dynamic purchasing power. However, using a charge card means you’ll need to pay off your balance in full each month, so if your cash flow is unpredictable, you may want a regular credit card.

If you’re still not sure which credit card would be best for your business, compare your options and check out other business credit cards until you find the right one for your needs.

Compare business credit cards

Providers rarely share credit limit ranges for their cards, but users have reported receiving higher-than-average limits with business credit cards.

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Welcome Offer
American Express Business Edge Card
19.99%
21.99%
$99
N/A
Earn up to 42,000 Membership Rewards points in your first year. Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases
BMO Rewards Business Mastercard
14.99%
22.99%
$0 annual fee for the first year ($120 thereafter)
N/A
Get up to $470 in value in your first year. Get 50,000 BMO Rewards points when you spend $5,000 in the first three months. Plus, the primary cardholder will get the first year $120 annual fee waived.
BMO Air Miles Business Mastercard
19.99%
22.99%
$120
N/A
Get up to 3,000 AIR MILES Bonus Miles ($310 towards your purchases with AIR MILES Cash).
BMO Cashback Business Mastercard
19.99%
22.99%
$0
N/A
Get 10% cash back on gas, office supplies, cell phone bills and internet bills for 3 months.
BMO Air Miles No-Fee Business Mastercard
19.99%
22.99%
$0
N/A
Get 1,150 AIR MILES Bonus Miles ($120 towards your purchases with AIR MILES Cash).
American Express AIR MILES for Business Card
N/A
N/A
$180
N/A
Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $5,000 on eligible purchases within the first three months
Business Platinum Card from American Express
N/A
N/A
$499
N/A
Earn a Welcome Bonus of 35,000 Membership Rewards points when you charge $7,000 in purchases to your card in your first three months of Cardmembership.
Marriott Bonvoy Business American Express Card
19.99%
21.99%
$150
N/A
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership. Terms apply
American Express Business Gold Rewards Card
N/A
N/A
$250
N/A
Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months
American Express AIR MILES Gold Business Card
19.99%
21.99%
$0
N/A
Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
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