If you’re 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 getting a business credit card can be overwhelming and confusing. Here are a few things you should know about the process of obtaining credit card.
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Brex 30
Brex offers a wide range of financial services, such as corporate credit cards and spend management as well as expense management software. Brex offers a comprehensive financial solution for new businesses.
The Brex Card, or Brex for Startups, is a credit card that can help entrepreneurs build credit histories. It doesn’t charge interest or require personal guarantees. Instead, applicants are rated by the company’s business model and spending patterns.
Customers can get up to 100 percent credit limit. This 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.
You can earn rewards using the Brex Corporate credit card. For instance, you can get four points on travel booked through Brex Travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card as well as a spending management solution. It comes with a myriad of benefits including a standard 1.5% cash back rate on all purchases. The card is free of annual fees and doesn’t have any other requirements other than an excellent credit score.
For a business that is just beginning, the benefits of using a low-interest business credit card could be very appealing. A business credit line with additional protection may be a viable option.
One of the primary benefits of a business low-interest credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll have to pay off each month. This is particularly important if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards available to start-up companies. It has many benefits, including a high sign-up bonus as well as purchase protection along with travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promotions and the spending limit may not be appropriate for your business. This isn’t the most efficient points-earning strategy.
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On the other side it is worth noting that the Ink Business Preferred Card offers numerous other useful features, including liability coverage as well as primary coverage for car rental as well as a shopping security. These benefits are ideal for small business owners.
Furthermore 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. In this case for example, if you spend $500 on purchases to your card in the first three months, you will get a 100,000 point welcome bonus.
Divide
If you’re a business owner looking for an enterprise credit card you might want to think about Divvy. This type of credit card provides many advantages and features. It also allows you to track your business expenses.
Divvy can be used with accounting software and enables users to quickly view financial expenses. You can create budget, set limits, and request money. Additionally, Divvy permits you to 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 need to spend every month. Unlike traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy does not disclose any interest rates on its website. It is important to find out the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure best interest rates for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash or cash back. Certain cards provide rewards for travel and shopping and others are able to help build your credit score.
There are a myriad of credit card issuers you could select from, including Chase. You must also think about how you will use the credit card. It is essential to find the right business credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card offers solid rewards on a variety of purchase categories, and it even protects employees’ mobile phone bills.