For those that are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes, but the process of getting the business credit card could be a bit overwhelming and confusing. Here are a few things you should know about the process of obtaining credit card.
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Brex offers a variety of financial services , including corporate credit cards as well as spend management and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups establish their credit history. The applicants don’t have to pay interest or need to provide an individual guarantee. Instead the applicants are evaluated on their company’s business model and their spending habits.
Applicants can have up to a 100 percent credit limit. The limit is determined by the amount of cash in a customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. 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 all-in-one small business credit card as well as a spending management system. The card comes with a variety 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 a good credit score.
A low-interest business credit card is a great option for startups. A business credit card with additional security might be a viable option.
A low-interest business credit cards are extremely convenient since you don’t have to worry of managing multiple credit cards or worrying about how much money you’ll be able to afford each month. This is especially true if are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for startup businesses. It comes with a variety of benefits, including a substantial sign up bonus as well as purchase protection along with travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card may not be ideal. There are no introductory APR deals and the spend limit may not be appropriate for your business. Furthermore, it’s not the most generous points-earning program.
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On the other hand the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance as well as primary coverage for car rental, and a shopping protection. These perks are perfect for small-scale business owners.
Furthermore, the Ink Business Preferred Card is an excellent way to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. For example, if you add $500 worth of purchases to your card during the first three months, you’ll be eligible for an offer of 100,000 points.
If you’re a new business owner looking for an account for business credit you might want consider Divvy. This type of card comes with numerous advantages and features. You can also monitor your business expenses with this card.
Divvy is compatible with external accounting software, and allows users to easily monitor the financial expenses. You can create budgets, set maximum limits and request money. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also offers a corporate card. These cards analyze your business’ finances and help you decide on how much you’ll need to spend every month. Unlike traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards are the opportunity to get the best interest rates on business loans, and can also provide valuable rewards. For example one card, the Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Certain cards provide rewards for shopping and travel as well as other cards that can be used to help improve your company’s credit score.
There are numerous credit card issuers to choose from, including Chase. You should also think about what you intend to do with the credit card. It is crucial to select the correct business credit card that meets your requirements.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card an excellent choice. This card is a great way to earn rewards for various categories of purchases as well as covers employees’ cell phone bills.