If you’re thinking about creating your own business, the first important question is “Can I get my business credit card?” The answer is a resounding yes but the process of applying for an official business credit card can be daunting and confusing. Here are some tips to know about how to get credit card.
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Brex 30
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 entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build credit histories. The applicants don’t have to pay interest and don’t have to offer a personal guarantee. Instead, applicants are evaluated on their business model and their spending habits.
Credit limits up to 100 percent are allowed for applicants. The limit is by the amount of money that is in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
You can earn significant rewards using the Brex Corporate credit card. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spending management tool. The card offers a variety of benefits, including a flat 1.5 percent cashback on all purchases. The card does not have annual fees and does not have any other conditions other than having a credit score of at least.
If you are a new business it is possible to reap the benefits of the low-interest business credit cards could be very appealing. A business credit line with additional protection may be an option.
One of the primary benefits of a business low-interest credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you can afford to pay every month. This is especially true if you 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 comes with a variety of advantages, such as a huge reward for signing up, purchase protection, along with travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any APR introductory promotions to be found and the spending limit could be too low for your business. Moreover, it’s not the most generous point-earning system.
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On the other hand, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage, primary car rental coverage, and a shopping protection. As a small business owner, you’ll definitely get these benefits.
Furthermore it is worth noting that the Ink Business Preferred Card is a great opportunity to earn points. When you spend in certain categories, you can earn three points per dollar you spend. For instance, if you charge $500 in purchases to your credit card during the first three months, then you’ll be rewarded with a welcome bonus of 100,000 points.
Divvy
If you’re a start-up business owner in search of an account for business credit, you may want to look into Divvy. This type of card offers a range of benefits and features. It also allows you to monitor your business expenses.
The Divvy app can be used alongside any other accounting software that allows users to see their financial expenses. You can create budgets, set limits on spending and request money. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also has corporate cards. These cards look at your company’s finances and determine the amount you should spend each month. Unlike traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the best rates of interest on business loans, and they can also provide valuable rewards. For example, a Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Some cards offer rewards for travel and shopping and others can be used to improve your credit score.
There are many credit card issuers you could select from, including Chase. However, you should consider the ways you will make use of a particular credit card. It is important to select the right business credit card that suits your specific needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card an excellent choice. This card gives you solid rewards for a variety of purchase categories and even covers employees’ mobile phone expenses.