If you’re thinking about starting your own business, the most important thing to consider is “Can I get my business credit card?” While the answer is yes it can be a bit challenging and overwhelming to apply for a business credit card. Here are a few things to be aware of before obtaining a credit card.
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Brex offers a variety of financial services like corporate credit cards along with spend management and expense management software. Brex provides a complete financial solution to startups.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups establish their credit histories. The applicants don’t have to pay interest and don’t have to offer personal guarantees. Instead the applicants are evaluated based on their business model and their spending habits.
Customers can get up to 100 percent credit. The limit is determined based on the amount of cash 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 substantial rewards on purchases. For example, you can earn four points on trips booked through Brex Travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spending management system. The card comes with a variety of benefits, including a fixed 1.5 percent cash-back rate on all purchases. The card doesn’t have annual charges and doesn’t need any other qualifications other than having a credit score of at least.
For a business that is just beginning one of the advantages of using the low-interest business credit cards can be extremely appealing. A business credit card that offers additional security could be a possibility.
A low-interest business credit card are very convenient because you’re not juggling the hassle 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 best business credit cards available to start-up businesses. It offers many benefits, including a high reward for signing up and purchase protection as well as travel benefits. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any promotional APR offers and the spending limit might not be suitable for your business. It’s not the most efficient points-earning feature.
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On the other hand however, the Ink Business Preferred Card offers numerous other useful features, including liability coverage in addition to primary car rental insurance and a shopping protection. As a small business owner, you’ll surely enjoy these benefits.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories and earn 3 points for every dollar. For example, if you make a purchase of $500 to your credit card during the first three months, you’ll receive a welcome bonus of 100,000 points.
If you’re a new business owner looking for a business credit card, you may want to think about Divvy. This type of card comes with a range of advantages and features. It also lets you monitor your business expenses.
Divvy can be integrated alongside any other accounting software to allow users to monitor their financial expenses. You can then create budget, set limits, and request funds. Divvy also allows you to set an expense limit for your employees.
Divvy also offers a corporate credit card for businesses. The cards analyze your company’s finances and determine the amount you’ll have to spend each month. Unlike traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy does not disclose any interest rates on its website. It is important to find out the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest rates of interest on business loans and offer valuable rewards. For instance a Chase Ultimate Rewards business credit card can earn 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.
Aside from the best business credit cards offered by Chase, there are other credit card issuers that you can turn to. However, you should think about how you will make use of a specific credit card. It is crucial to choose a business credit card that will meet your particular needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card gives you solid rewards for a variety of purchase categories and even covers mobile phone expenses.