credit cards for a newly acquired business

searcher profile

December 01, 2020

by a searcher from University of Pennsylvania - The Wharton School in Miami, FL, USA

Hello SF Community
Seeking experiences and advice on obtaining credit card with high (unlimited) limit for newly acquired business.
Charges cold be $750K-$1M / year and id like to be able to secure a card upfront and reap the rewards.
What are searchers doing?
What are the limits?
Any thoughts or advice on securing?
Thank you for the info.

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commentor profile
Reply by a professional
in Fort Worth, TX, USA
Most banks will offer a corporate card product for higher limits. These cards do not carry a balance, usually have a 30 spend and 15 repay. Since the balance is paid there is no interest and average rewards are around 1%. Most banks will offer these cards at $100,000 spend/month or more.
commentor profile
Reply by an investor
from University of Pennsylvania in Washington, DC, USA
A start-up (not search) I'm involved in recently switched to Brex as credit card and pretty happy. Has a lot of perks / deals / high cash back. Brex is a new entry but a fast-growing unicorn.
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