Your company credit limit
Overview
Your company credit limit, or account limit, is the maximum amount that all of your team members can spend. You can view your credit limit at any time in your dashboard by following the steps below. How you determine the amount each team member spends is up to you, though cumulatively it can’t exceed your company’s credit limit. You can read more about how we determine your credit limit in this help article. Once you’ve been issued a credit limit, you can read through the sections below to learn how to increase and maintain it to ensure no business interruptions take place. If you need to take any action to maintain a stable credit limit, we’ll notify you by email.
View your credit limit
Account and card admins can check their company’s limit at any time by following these steps:
In your dashboard
Step 1: Click Accounts on the left side of your Brex dashboard. Step 2: Under Credit, you’ll see your limit listed on the right. The amount you have left available of your overall balance is listed on the left.
Increase your credit limit
We understand that your business needs may change and there might be times you need to spend more than your credit limit allows. There are a number of ways that you can request a higher credit limit. Please reference the relevant section below. Credit limits are dynamic by design and are adjusted on a regular basis depending on your company's spending patterns, cash balance, and sales (if you're an ecommerce company).
Daily payments
The credit limit for your Brex card with daily payments is determined primarily by the funds available in your Brex business account. External bank accounts connected to your Brex account won’t impact your credit limit. Your limit will be up to 100% of the cleared balance in your primary Brex business account. To increase your limit, initiate a transfer from an external bank account so that your primary business account balance equals your desired limit amount.
Monthly payments
Credit limits for Brex cards with monthly payments are dynamic by design and are regularly adjusted according to your company's spending patterns, cash balance, sales (for certain customers), and other factors. The range is generally ~5-20% of your bank account balance. If you have a current bank connection with Brex and your limit has recently dropped, the connection might need to be reestablished. This gives us the most up-to-date picture of your finances so we can adjust your credit limit appropriately. If you don’t have a current bank connection with Brex, you can submit your most recent bank statements instead. Please reach out to our support team so that we can provide you with a secure link to do so. If your bank information is up to date and you’re still not satisfied with your limit, an account or card admin can request a limit increase once every 30 days from their Brex dashboard. Step 1: From your Accounts tab, go to Credit > Manage limit > Request higher credit limit. You can also click Manage > Credit Limit Increase next to Credit. Step 2: Provide details on the amount and reason for the request and review your financial information. We’ll recommend a cash amount for your requested credit limit. Note: The details pane will update once your request has been reviewed—usually in one or two days.
Free up spending room
If you’re making monthly payments and don’t qualify for a limit increase, there are other steps an account or card admin can take to make your current limit go further.
Make an early payment
Making an early payment will decrease your current used spend. This gives you more available spend that can be used during your current statement period. For example, if your limit is $100k and you’ve used $30k, your available spend is $70k. If you make an early payment for $20k, you can spend up to $90k prior to your statement coming due once the payment clears. You can initiate an early payment by following the steps in this article and selecting whether you want to use an external bank account or Brex business account as a payment source. Payments made from an external bank account can take 3-5 business days to clear and must be fully processed before your limit will be adjusted.
Brex business accounts for card spend capacity
If you have a Brex business account, you can use it as a funding source for a statement payment. To make a payment from your Brex business account, follow the steps in this article and select your Brex business account as the payment source. Using a Brex business account, you can either make an early payment for any amount, or a statement payment on your statement’s due date, provided the account has enough funds in it to cover the entire payment. If you choose to make a payment that does not cover your statement balance, the remaining balance will automatically be processed on your statement’s due date. Unlike payments from external bank accounts, early payments made from a Brex business account clear instantly.
Automate early payments
To avoid maxing out your available spend before your statement period ends, you can set up automatic early payments to go through whenever you reach a designated percentage of your balance.
Redeem points for card spend capacity
If you don’t have a Brex business account, an account or card admin can redeem your Brex points for statement credit. Putting your points towards statement credit will free up more room right away. If you do have a Brex business account, you can instead redeem your points towards cash back. When you receive the cash back you can put it towards an early statement payment. Since you’re making the payment from your Brex business account as opposed to an external bank account, the early payment will process immediately.
Change your automatic payment frequency or statement cycles
If none of the above work for you, an account or card admin can reach out to Brex Support to set more frequent payment cycles for your company.