For those who are starting a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes however the process of obtaining an enterprise credit card can be confusing and overwhelming. Here are some things you need to be aware of before obtaining an credit card.
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Brex 30
Brex offers a wide range of financial services, including corporate credit cards as well as spend management and expense management software. Brex offers a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. The applicants don’t pay interest or provide a personal guarantee. Instead the applicants are evaluated based on their company’s business model and spending habits.
Credit limits as high as 100 percent are permitted for applicants. The limit is determined based on the amount of money that is in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
You can earn rewarding rewards with the Brex Corporate credit card. For example, you can get four points on travel booked through Brex Travel. You can also receive three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a budget management tool. The card offers a variety of benefits, including a simple 1.5% cashback rate on all purchases. The card doesn’t have annual fees and doesn’t have any other qualifications other than having a credit score of at least.
A low-interest business credit line is a great option for startups. It is also possible to look into a credit card for business that offers additional protection.
Business credit cards with low interest are extremely convenient since you don’t have to worry of managing multiple cards or worrying about how much money you’ll have to pay each month. This is particularly true if you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for startup businesses. It provides a wide range of benefits, like the highest sign-up bonus, purchase protection, as well as travel perks. It has some downsides.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any initial APR offers and the spending limit might not be suitable for your business. It’s also not the most effective points-earning strategy.
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On the other side, the Ink Business Preferred Card offers several other valuable features, including liability coverage in addition to primary car rental insurance and a shopping protection. These benefits are ideal for small business owners.
Additionally that, the Ink Business Preferred Card is an excellent opportunity to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For example, if you make a purchase of $500 to your card during the first three months, you’ll get a welcome bonus of 100,000 points.
Divvy
If you’re a start-up business owner in search of an account for business credit you might want consider Divvy. This type of credit card provides numerous benefits and features. You can also track your business expenses with this card.
Divvy works with external accounting software, and allows users to easily view financial expenses. You can create budgets, set limits, and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards assess your company’s finances and determine how much you’ll have to spend every month. Contrary to traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards can be used to get the most favorable interest rates for business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash or cash back. Some cards offer rewards for shopping and travel as well as others that can be used to improve your credit score.
There are a variety of credit card issuers you can choose from, including Chase. However, you should think about the ways you will use a particular credit card. It is crucial to locate the best business credit card for your requirements.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card a great option. The card is a good option for earning rewards across a variety of categories and even covers employees’ mobile phone costs.