If you are thinking of starting your own business, the most important thing to consider is “Can I get my business credit card?” The answer is a resounding yes but the process of obtaining an official business credit card can be overwhelming and confusing. Here are a few tips to be aware of the process of getting credit card.
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Brex provides a range of financial services , including corporate credit cards spending management, as well as expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit history. Applicants don’t pay interest and don’t have to offer personal guarantees. Rather, applicants are evaluated by the business model of the company and spending habits.
Credit limits of up to 100 percent are permitted for applicants. This limit is based on the amount of money that is in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card You can earn rewards on purchases. For example, you can earn four points on travel booked through Brex Travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as an expense management tool. It comes with a myriad of benefits, including a flat 1.5% cash back rate on all purchases. The card doesn’t have annual fees and doesn’t have any other requirements other than having a credit score of at least.
A business credit card with a low-interest rate is a great option for those who are just starting out. It is also possible to think about a business credit card with additional protection.
One of the main benefits of a business low-interest credit card is that you don’t have to fret about juggling several cards or worrying about how much you’ll have to pay off every month. This is especially relevant if you’re trying to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards designed for start-up companies. It has many advantages, such as a huge sign up bonus, purchase protection, along with travel perks. However, it has some disadvantages.
The Ink Business Preferred Card may not be ideal. There aren’t any APR introductory promotions to be found, and the spending cap may be too low for your company. Moreover, it’s not the most generous points-earning program.
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On the other side the Ink Business Preferred Card offers numerous other useful features, such as liability insurance, primary car rental coverage as well as a shopping security. These benefits are perfect for small business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories and you’ll earn three points per dollar. In this case for example, if you spend $500 on purchases on your card in the first three months, you’ll receive a 100,000 point welcome bonus.
If you’re a new business owner looking for an enterprise credit card you might want consider Divvy. This kind of card comes with various advantages and features. You can also monitor your business expenses with this card.
Divvy integrates with other accounting software that allows users to view their financial expenses. The program lets you set a budget, limit spending and even request money. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also offers a corporate card. These cards look at your company’s finances and determine how much you can spend every month. As opposed to traditional business credit card, Divvy is not a requirement for an individual guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to be aware of the company’s rates before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the most favorable rates of interest for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash back. Some cards offer rewards for purchases and travel, while others can be used to build your credit score.
There are a variety of credit card issuers you could choose from, such as Chase. You must also think about what you intend to do with the credit card. It is important to select the right business credit card that is suitable for your particular needs.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card offers solid rewards for various categories of purchases and even covers employees’ mobile phone costs.