If you’re thinking about starting an enterprise, the most important question you should ask yourself is “Can I get my business credit card?” The answer is yes but the process of getting an official business credit card can be confusing and overwhelming. Here are a few tips to be aware of the process of getting an credit card.
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Brex offers a variety of financial services , including corporate credit cards along with spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. The cardholders don’t have to pay any interest and don’t need to provide an individual guarantee. Instead applicants are evaluated on their financial model and spending habits.
Credit limits as high as 100 percent are permissible for applicants. The limit is determined by the amount of money customers have in their Brex Cash account. Every day, the Brex Card draws from the account to determine the limit of its spending.
You can earn rewards with a Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a budget management tool. The card comes with a variety of benefits including a flat 1.5 percent cash back rate on all purchases. The card doesn’t have annual fees and doesn’t have any other requirements other than a good credit rating.
For businesses that are just starting out benefiting from a business credit card with low interest could be very appealing. It is also possible to look into a credit card for business with additional protection.
One of the main features of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about the amount you can afford to pay every month. This is especially true if you’re looking to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards designed for start-up businesses. It has many benefits, including a high sign up bonus, purchase protection, as well as travel perks. However, it also has some drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There are no introductory APR promos and the spending limit might not be suitable for your company. It’s also not the most generous point-earning system.
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The Ink Business Preferred Card, however it offers a number of additional useful features like liability insurance as well as primary coverage for car rentals, shopping protection, and primary coverage for rental cars. These benefits are perfect for small business owners.
The Ink Business Preferred Card is another great method to earn points. When you spend in specific categories, you’ll earn 3 points per dollar you spend. In this example when you spend $500 on purchases on your card within the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy is a good option for startup business owners seeking an enterprise card. The card comes with a range of benefits and features. You can also keep track of your business expenses by using this card.
The Divvy app can be used with any external accounting software that allows users to view their financial expenses. You can create a budget, set limits, and request money. You can also set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. The cards analyze your company’s finances and decide how much you’ll need to spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards are the opportunity to get the best interest rates on business loans. They can also offer valuable rewards. For example one card, the Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Certain cards provide rewards for shopping and traveling while others are able to help build your credit score.
There are a myriad of credit card issuers you can choose from, including Chase. However, you should consider the manner in which you use a particular credit card. It is crucial to choose the right business credit card that will meet your specific needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent option. The card is a good option for earning rewards for various categories of purchases and even protects employees’ mobile phone expenses.