If you are thinking of creating your own business, the first important thing to consider is “Can I get my business credit card?” The answer is a resounding yes however, the process of applying for the business credit card could be confusing and overwhelming. Here are some tips to be aware of the process of getting credit card.
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Brex offers a wide variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build credit histories. The applicants don’t have to pay interest or offer personal guarantees. Instead applicants are evaluated on their budget and business model.
Credit limits of up to 100 percent are allowed for applicants. This limit is by the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. For instance, you’ll earn four points when you travel booked through Brex Travel. You can also receive 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 an expense management tool. The card comes with a variety of benefits, including a fixed 1.5 percent cash back rate on all purchases. The card does not have annual fees and doesn’t require any other qualifications other than having a high credit score.
For a startup business, the benefits of using a business credit card with low interest are a great deal. A business credit card that offers added security may be a viable option.
A business credit card with a low-interest rate are very convenient because you don’t have to worry of managing multiple credit cards or worrying about how much money you’ll have to pay each month. This is especially true when you are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for new businesses. It offers many advantages, such as a huge reward for signing up along with purchase protection, as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR promotions to be found and the spending cap could be too low for your company. It’s also not the most effective points-earning feature.
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On the other hand the Ink Business Preferred Card offers numerous other useful features, including liability coverage and primary car rental coverage and a shopping insurance. If you’re a small-sized business owner, you’ll surely enjoy these benefits.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in specific categories, you’ll earn 3 points per dollar you spend. For example, if you spend $500 on purchases with your card in the first three months, you will get a 100,000 point welcome bonus.
If you’re a start-up business owner in search of a business credit card, you may want to consider Divvy. This type of card comes with a range of benefits and features. You can also monitor your business expenses with this card.
Divvy can be used with accounting software, allowing users to easily monitor financial expenses. You can then create budget, set limits on spending and request money. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also offers corporate cards. These cards analyze your business’ finances and help you decide how much money you’ll need to spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to know the rate of the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards offer an opportunity to secure the highest interest rates for business loans. They can also offer useful rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash or cash back. Some cards offer rewards for travel and shopping while others can be used to help to build credit for your business.
There are a myriad of credit card issuers you can select from, including Chase. However, you should consider the way you intend to use a particular credit card. It is essential to choose the appropriate corporate credit card for your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card a great option. This card provides solid rewards on different categories of purchases and even will pay for employees’ cell phone bills.
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