Ramp up business spending with no preset spending limit

No preset spending limit (NPSL) cards can give your business big purchasing power so you can ramp up spending. Plus, if your card offers rewards, greater purchasing power can create more opportunities to earn cash back or miles that can put money back into your business.

Here’s what you can do to ramp up business spending with an NPSL card and grow your purchasing power over time.

An NPSL card is a type of business card that doesn’t have a fixed credit limit like a traditional business credit card. Instead, the card provides dynamic purchasing power, which evolves over time based on several factors:

• Payment history: Consistently making on-time payments on your business card—or paying the balance in full—can help show the card issuer that you can responsibly manage the account.
• Spending patterns: Regularly making purchases with your NPSL card—and managing them responsibly—can demonstrate your business’s spending needs and ability to manage purchases. 
• Credit and financial profile: Card issuers typically consider factors like your business credit score, cash flow, revenue and overall financial health.

Depending on your business’s circumstances and how you use the NPSL card, responsibly managing your account may help increase the amount you can spend.

An NPSL card’s purchasing power is dynamic and evolves over time. As you build a strong payment history, demonstrate consistent spending and use the card responsibly, the card issuer may increase your purchasing power. This added flexibility can help you manage larger purchases, seasonal upticks or changing expenses as your business grows.

To ramp up your spending with your NPSL card, you can consider putting more of your business’s everyday expenses on the card. Consistent use can help demonstrate your business’s spending needs, while making payments on time or paying the balance in full can show your ability to responsibly manage higher levels of spending.

Here’s what you can do to help unlock your purchasing power with your NPSL card.

Once you’re approved for an NPSL card, start using it to cover operating costs, travel expenses and everyday business purchases. Using your card consistently gives the issuer a clearer picture of your business’s spending patterns. Combined with responsible account management, this may help increase your purchasing power over time.

Your payment history plays a role in how your purchasing power evolves. Many NPSL cards are designed to be paid in full each month, although some may allow you to carry over a balance with interest. Paying down your balance throughout the month can restore available purchasing power and give you more flexibility to continue spending when needed.

Using a tool like the Capital One Confirm Purchasing Power tool allows you to check whether a large transaction may be approved before making the purchase. Keep in mind that your purchasing power can change over time based on your spending patterns and other factors. Logging in to the Confirm Purchasing Power tool can help provide peace of mind so you can spend with confidence.

If your NPSL card offers cash back or miles, big purchasing power means you can spend more and earn more rewards. And more rewards can equal more money to reinvest into your business. 

On top of earning rewards for purchases, some NPSL cards also offer welcome bonuses for meeting certain spending thresholds within a specified time period, like the first three months after opening the account. Big purchasing power can help your business meet these thresholds and earn even more rewards.

An NPSL card can give your business greater purchasing flexibility by adapting to your spending needs over time. Ramp up your business spending by using your card consistently and making payments on time to help support big purchasing power—and the opportunity to earn valuable rewards. 

Capital One Business offers two business cards with NPSL—Venture X Business and Spark Cash Plus. To explore whether one may be right for your business, you can get pre-approved for a Capital One Business card to see if you’re eligible without impacting your personal credit score.