For those who are starting a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes however the process of getting an official business credit card can be daunting and confusing. Here are some things you should know about the process of obtaining credit card.
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Brex 30
Brex provides a range of financial services like corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for new businesses.
The Brex Card, or Brex for Startups, is an credit card that assists entrepreneurs build credit histories. It doesn’t charge interest or have to provide personal guarantees. Instead, applicants are assessed on the basis of their business model and spending habits.
The applicants can enjoy up to 100 percent credit. This limit is determined by the amount the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards when you use the Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management tool. The card offers a slew of benefits, including a flat 1.5 percent cash back rate on all purchases. There are no annual fees and the card does not have other requirements except for having a high credit score.
For a startup business one of the advantages of using a business credit card with low interest could be very appealing. You may also look into a credit card for business that offers additional protection.
A business credit card with a low-interest rate are very convenient because you’re not juggling the hassle of managing multiple credit cards or worrying about how much money you can afford 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 most popular business credit cards that are designed for startups. It comes with a variety of benefits, including a substantial sign-up bonus, purchase protection, as well as travel benefits. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any initial APR offers and the spending limit might not be suitable for your business. This isn’t the most efficient points-earning strategy.
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On the other hand, the Ink Business Preferred Card offers many other beneficial features, including liability coverage in addition to primary car rental insurance, and a shopping protection. If you’re a small business owner, you’ll surely benefit from these perks.
The Ink Business Preferred Card is another excellent method to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. In this instance for example, if you spend $500 on purchases made with your card within the first three months, you’ll be awarded a 100,000 points welcome bonus.
Divvy
Divvy is an excellent choice for startup business owners looking for an enterprise card. This card has a variety of benefits and features. It also lets you monitor your business expenses.
Divvy integrates with other accounting software, and allows users to easily monitor the financial expenses. The program lets you make a budget, limit spending, and request funds. Additionally, Divvy lets you set an expense limit for your employees.
Divvy also offers a corporate card. These cards evaluate your business’s finances and determine how much you’ll need to spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to learn about the rates offered by the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the best rates of interest on business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Certain cards provide rewards for shopping and traveling, while others are able to help build your credit score.
Aside from the best business credit cards from Chase, there are 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 an enterprise credit card that will meet your particular needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card offers solid rewards on various purchase categories as well as protects employees’ mobile phone bills.