For those that are starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” Although the answer is yes it can be a bit confusing and overwhelming to apply for a business credit card. Here are a few things you should know about the process of applying for an credit card.
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Brex 30
Brex provides a range of financial products, including corporate credit cards as well as spend management and expense management software. It provides an all-in-one financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build their credit score. It doesn’t charge interest and don’t have to offer personal guarantees. Rather, applicants are evaluated by the business model of the company and spending patterns.
Credit limits of up 100 percent are allowed for applicants. This limit is determined by the amount that a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points to book travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management solution. The card offers a variety of advantages, including a fixed 1.5% cashback rate on all purchases. The card has no annual charges and doesn’t need any other qualifications other than having a high credit score.
For businesses that are just starting out benefiting from a business credit card with low interest can be extremely appealing. A business credit line with additional protection may be a good 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 have to pay each month. This is especially true if you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It provides a wide range of benefits, including the highest sign-up bonus, purchase security, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any introductory APR deals and the spend limit may not be appropriate for your business. It’s also not the best point-earning option.
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The Ink Business Preferred Card, on the other hand provides a range of useful features such as liability coverage, primary car rental coverage shopping protection, and primary coverage for car rental. These benefits are ideal for small business owners.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in specific categories, you can earn 3 points for every dollar you spend. For instance, if charge $500 in purchases to your card during the first three months, you’ll receive a welcome bonus of 100,000 points.
Divvy
If you’re a startup business owner in search of a business credit card you might want to look into Divvy. This kind of card comes with a range of advantages and features. It also allows you to monitor your business expenses.
Divvy can be integrated with any external accounting software to allow users to look at their financial expenses. The software lets you create a budget, limit spending, and request funds. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards review your company financial situation and help you determine how much you’ll need to invest each month. Unlike traditional business credit cards, Divvy doesn’t require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to know the rate of the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards are the chance to secure best rates of interest on business loans, and are also able to provide useful rewards. For instance, a Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for purchases and travel and others can be used to improve your credit score.
Aside from the best business credit cards from Chase, there are other credit card issuers that are available to. However, you must think about how you will make use of a specific credit card. It is important to select an enterprise credit card that is suitable for your needs.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card offers solid rewards for various purchase categories and even protects employees’ mobile phone costs.