credit cards for a newly acquired business

by a searcher from University of Pennsylvania - The Wharton School

3 years ago

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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3 comments

professional

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.

3 years ago | like reply | 0 likes

searcher from Northwestern University - Kellogg School of Management

American Express charge cards have been a popular option because of the payment flexibility, which allows for more flexibility when DSO is longer than 30 days.

3 years ago | like reply | 0 likes

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