For those that are starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however the process of getting the business credit card could be overwhelming and confusing. Here are some things you should know about the process of applying for a credit card.
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Brex provides a broad range of financial services, such as corporate credit cards and spend management as well as expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an credit card that assists entrepreneurs build credit histories. It doesn’t charge interest or need to provide a personal guarantee. Instead, applicants are evaluated on their budget and business model.
Applicants can have up to 100 percent credit limit. The limit is based on the amount of money that is in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards by using a Brex Corporate credit card. Brex Travel offers four points for booking travel. Additionally, you can earn three points on dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and spend management system. It offers a wide range of benefits, including a standard 1.5 percent cashback on all purchases. There are no annual fees and the card does not have other requirements aside from having a high credit score.
A business credit card with low interest is a great choice for new businesses. A business credit card with additional security could be a possibility.
One of the primary advantages of a low interest business credit card is that you don’t need to worry about managing 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 expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for new businesses. It offers many advantages, including a large initial bonus along with purchase protection, along with travel perks. It has some downsides.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any introductory APR offers and the spending limit might not be suitable for your company. It’s not the most efficient points-earning strategy.
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The Ink Business Preferred Card, however provides a range of useful features, such as liability coverage as well as primary coverage for car rentals shopping protection, and primary coverage for rental cars. These perks are great for small-scale business owners.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories , and you’ll earn three points per dollar. For instance, if add $500 worth of purchases to your credit card during the first three months, you’ll get an initial bonus of 100,000 points.
If you’re a new business owner looking for an enterprise credit card You might want to look into Divvy. This card comes with a wide range of benefits and features. It also lets you keep track of your business expenses.
Divvy is compatible with any external accounting software to allow users to look at their financial expenses. The program lets you make a budget, limit spending, and request funds. You can also set an expense limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards evaluate your business financial situation and help you decide on how much you’ll need to invest every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure most competitive rates of interest on business loans. They also offer rewards. For instance one card, the Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash back. Some cards offer rewards for purchases and travel, while others are able to help build your credit score.
In addition to the top business credit cards offered by Chase, there are other credit card issuers you can turn to. You should also consider how you will use the credit card. It is important to find an enterprise credit card that meets your particular needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a great option. This card offers solid rewards on a variety of purchase categories as well as covers cell phone bills.