Manage Credit Limits
Credit & Spending Limits
Your business card program includes a credit limit for the company and spending limits for each cardmember.
Individual cardmember spending limits are determined by the Authorized Officer (AO) and may be set at a minimum of $100 to a maximum of the total company credit limit. The sum of all employee limits may exceed the total company credit limit.
The company will not be allowed to spend past its credit limit, nor will an employee cardmember be allowed to spend past their assigned limit. For example, a business account with a credit limit of $10,000 has four cards with spending limits all set to $10,000. If one cardmember spends $7500 on their card, all the other cardmembers would only have $2,500 available even though their spending limit is set to $10,000. The AO can request an individual cardmember’s limit be changed at any time.
See “Common Questions” to learn about requesting a limit change or how a payment affects the available credit.
Common Questions
How to adjust spending limits?
The AO can update employee spending limits under "Manage employees" in online banking. See the Three Levels of Access page for more details.
How to request a company limit increase?
The AO can request a company credit line increase by calling the Cardmember Service number on the back of your card or by requesting a limit increase in online banking. See the Three Levels of Access page for more details.
If you request a company credit limit above $25,000, you will need to provide two years of recent financial statements, as well as the following:
- Required: Accountant-prepared balance sheet and 12-month income statement from the most recent two fiscal years, or two years of company tax returns. Interims also required if statements are over four months old.
- Preferred: Audited financials, three years of financials, cash flow statements, and tax returns.
Can we pay down our balance mid-month to free up our available credit?
- Central Billing: Yes, you may send in payments before the due date on your statement. The payment will apply to the current company balance and refresh the available credit. Available credit on individual cards can only be refreshed up to twice the credit limit per statement cycle.
- Individual Bill: Any payment made to an individual account will refresh the spending limit on that account.
U.S. Bank may change APRs, fees and other account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.
The creditor and issuer of this credit card is U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc. State Farm and the State Farm logo are registered trademarks of State Farm Mutual Automobile Insurance Company.
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