topic Re: Capital One Spark Business Card - Highest Credit Limit in Business Credit

Capital One Spark Business Card - Highest Credit Limit

Anonymous — Wed, 18 May 2016 17:38:02 GMT

Whats the highest credit limit anyone has ever gotten on one of these and how do you get it?

I found the the card a couple months ago and dreamed of all the awesome cash back. I applied and got one with credit limit of 30k. That limit is way too low for my business. My business charges over 200k worth of expenses each month. I literally pay it every day to avoid crossing the limit. Then I find out the spark account reports to my personal report, so the nearly maxed out balance when the statement cut whacked all 3 of my scores by more then 50 points. I need a higher credit limit, optimally over 3 million (or no limit) to keep my personal utilization in line. How can I go about getting one? I did the online cli and got 'account too new'.

Re: Capital One Spark Business Card - Highest Credit Limit

MyLoFICO — Wed, 18 May 2016 18:17:29 GMT

My Spark Classic is at $1500. Wish it was 30k.

Re: Capital One Spark Business Card - Highest Credit Limit

Anonymous — Wed, 18 May 2016 18:24:54 GMT

I'm in the exact same boat but with a Chase Ink plus card. I only have a 5k limit and pay it off a couple times a week. I have a $20k order I need to place and would like to use it but I don't think they'll let me go over my limit by triple. Dumb...who issues a $5k limit on a business cc?

Re: Capital One Spark Business Card - Highest Credit Limit

Anonymous — Wed, 18 May 2016 18:40:34 GMT

I've seen some Cap1 cards at 50k, and I'm sure there are some much higher than that for those who have income to support it. Although how they get to those limits, or how long it takes to get there, I don't know. Perhaps it would be better to look into Amex's business cards - either their charge cards that will allow you to charge higher amounts but needs to be paid in full every month (unless you have a pay over time feature), or their Simply Cash Plus which is a revolver. I believe Chase has also been pretty good with the limits with their business cards for some people (not so much for others). And the good thing about Amex and Chase's business cards is that they don't report to your personal credit reports.

Re: Capital One Spark Business Card - High Credit Limit

Anonymous — Wed, 18 May 2016 21:31:34 GMT

You won't get what you're asking about from Cap One. Your best alternative would be a business charge card, (not a revolver), from Amex. It has no preset spending limit, and will not report to your personal credit.

Re: Capital One Spark Business Card - Highest Credit Limit

SouthJamaica — Wed, 18 May 2016 21:56:19 GMT

@Anonymous wrote:
Whats the highest credit limit anyone has ever gotten on one of these and how do you get it?

I found the the card a couple months ago and dreamed of all the awesome cash back. I applied and got one with credit limit of 30k. That limit is way too low for my business. My business charges over 200k worth of expenses each month. I literally pay it every day to avoid crossing the limit. Then I find out the spark account reports to my personal report, so the nearly maxed out balance when the statement cut whacked all 3 of my scores by more then 50 points. I need a higher credit limit, optimally over 3 million (or no limit) to keep my personal utilization in line. How can I go about getting one? I did the online cli and got 'account too new'.

I don't think you're going to get the type of very high credit limit you're looking for, so my suggestion is that you should just keep paying it down, especially when nearing statement date. Capital One will give you auto CLI's when they feel like doing it; you can't push them.

Maybe you want to add the Miles card; that way you'll have two (2) cards on which to spread it around.

You might also want to branch out, e.g. to some Amex business cards.

Re: Capital One Spark Business Card - Highest Credit Limit

Anonymous — Wed, 18 May 2016 23:03:47 GMT

I'll give you the same answer I gave you in the other thread you posted. You won't get what you're asking about from Cap One. Your best alternative would be a business charge card, (not a revolver), from Amex. It has no preset spending limit, and will not report to your personal credit.

Re: Capital One Spark Business Card - Highest Credit Limit

MyLoFICO — Wed, 18 May 2016 23:17:52 GMT

Just throwing this out here. I wonder if this is a legit post. Seems kinda out there as far as the limits. I could be wrong, and I hope I am. Just a feeling.

Re: Capital One Spark Business Card - Highest Credit Limit

CreditCuriosity — Wed, 18 May 2016 23:35:05 GMT

As another stated Amex is the way to go for your needs most likely.

Re: Capital One Spark Business Card - Highest Credit Limit

Creditplz — Wed, 18 May 2016 23:39:34 GMT

Go for Amex, or you'll need a corporate card tbh.

Re: Capital One Spark Business Card - High Credit Limit

Anonymous — Thu, 19 May 2016 01:03:31 GMT

@Anonymous wrote:
You won't get what you're asking about from Cap One. Your best alternative would be a business charge card, (not a revolver), from Amex. It has no preset spending limit, and will not report to your personal credit.

Re: Capital One Spark Business Card - Highest Credit Limit

Anonymous — Thu, 19 May 2016 01:24:46 GMT

Got an amx platinum with no limit. I don't travel at all so I cant really make use of the rewards. 2% cash back is by far morerewarding to me then the amx rewards.

Re: Capital One Spark Business Card - Highest Credit Limit

gdale6 — Thu, 19 May 2016 01:35:39 GMT

HI there OP,

I have combined your 2 threads on this topic into one. Please refrain from cross posting in multi forums in the future it can lead to confusion by the members and its not inline with our TOS. I thank you for your understanding on this.

Re: Capital One Spark Business Card - Highest Credit Limit

sccredit — Thu, 19 May 2016 13:13:56 GMT

Capital one offers a Corporate charge card, that is your best bet from them for what you are looking for. You won't get it with the Spark card, it is a small business card.

Re: Capital One Spark Business Card - Highest Credit Limit

Creditaddict — Thu, 19 May 2016 23:30:25 GMT

@Anonymous wrote:
Got an amx platinum with no limit. I don't travel at all so I cant really make use of the rewards. 2% cash back is by far morerewarding to me then the amx rewards.

Get the Amex Business PLUM Charge Card... it's 2% CASH BACK if you pay early on statement. I believe 1.5% after the promo. We have one for our business and we have never charged over $12k in a month and I have done a test charge for $75k that was approved so the internal limit will go up very quickly and probably higher than you need in a quick way with many payments in the beginning and since you already have platinum you probably won't have to spend much time getting them to give you higher internal limit!

Re: Capital One Spark Business Card - Highest Credit Limit

Anonymous — Fri, 20 May 2016 00:16:36 GMT

@Creditaddict wrote:
@Anonymous wrote:
Got an amx platinum with no limit. I don't travel at all so I cant really make use of the rewards. 2% cash back is by far morerewarding to me then the amx rewards.
Get the Amex Business PLUM Charge Card... it's 2% CASH BACK if you pay early on statement. I believe 1.5% after the promo. We have one for our business and we have never charged over $12k in a month and I have done a test charge for $75k that was approved so the internal limit will go up very quickly and probably higher than you need in a quick way with many payments in the beginning and since you already have platinum you probably won't have to spend much time getting them to give you higher internal limit!

Agreed. I have this card and love it. OP, you should definately look into this.

Re: Capital One Spark Business Card - Highest Credit Limit

jsucool76 — Mon, 23 May 2016 16:50:26 GMT

Definitely need an Amex corporate card. Some companies easily get 400-500k limits.

Re: Capital One Spark Business Card - Highest Credit Limit

Anonymous — Wed, 14 Dec 2016 14:51:43 GMT

We have a $60,000 limit with them. Run 1-2 million per year through the card. We also have Amex along with a number of other business cards. If you can show constant spending per month with Capital One they will extend your limits as long as your usage/payment history supports what you are asking for. Why you need a 50K limit if you only spend 5K a month for several months. They can't justify it.

We usually make between 10-15 payments per month and run 120k+ a month on the card.