If you’re starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While there is a yes answer it can be a bit challenging and overwhelming to apply for a business credit card. Here are some things you need to be aware of when applying for a credit card.
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Brex 30
Brex provides a variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit history. The cardholders don’t have to pay any interest or provide personal guarantees. Instead, applicants are evaluated based on their company’s financial model and spending habits.
Applicants can have up to 100 percent credit. The limit is by the amount of cash in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. For instance, you could get four points on travel booked through Brex Travel. Additionally, you can earn three points on dining.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a budget management tool. The card offers a variety of benefits, including a simple 1.5 percent cashback rate on all purchases. The card is free of annual charges and doesn’t need any other requirements other than having a high credit score.
A business credit card with a low-interest rate is a great option for businesses that are just starting out. You might also think about a business credit card that provides additional security.
One of the key features of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about the amount you can afford to pay each month. This is especially true if are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards designed for start-up businesses. It offers a range of benefits, such as an impressive sign-up bonus, purchase security, and travel perks. However, it also has a few drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR deals and the spend limit might not be suitable for your business. In addition, it’s not exactly the most generous points-earning feature.
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On the other side, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage, primary car rental coverage and a shopping protection. These perks are great for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. When you spend money in certain categories, you’ll earn 3 points per dollar you spend. For instance, if add $500 worth of purchases to your credit card during the first three months, you’ll receive the welcome bonus of 100,000 points.
Divvy
If you’re a startup business owner in search of an enterprise credit card you might want to consider Divvy. This type of card offers numerous benefits and features. It also allows you to keep track of your business expenses.
Divvy is compatible with external accounting software and enables users to easily monitor the financial expenses. The program lets you set a budget, limit spending and request money. Additionally, Divvy lets you set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. The cards analyze your company’s finances and determine how much you’ll have to spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is essential to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable rates of interest for business loans, and also provide valuable rewards. For instance a Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash. Certain cards provide rewards for shopping and travel and some can be used to help improve your company’s credit score.
Aside from the best business credit cards offered by Chase but there are many other credit card issuers you can choose from. 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 will meet your specific needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card gives you solid rewards across a variety of categories and even covers employees’ mobile phone bills.