If you’re starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes, but the process of obtaining an official business credit card can be confusing and overwhelming. Here are some things to be aware of before obtaining a credit card.
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Brex 30
Brex provides a broad range of financial services, such as corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is an credit card that assists entrepreneurs build credit histories. Applicants don’t pay interest and don’t have to provide personal guarantees. Instead, applicants are evaluated on their business model and their spending habits.
Customers can get up to 100 percent credit. The limit is determined by the amount of money customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards with a Brex Corporate credit card. For instance, you could earn four points when you travel booked through Brex Travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card as well as a spending management solution. The card offers a slew of benefits including a standard 1.5% cash back rate on all purchases. The card has no annual fees and doesn’t have any other requirements other than having a credit score of at least.
A low-interest business credit line is a great choice for new businesses. A business credit card that comes with additional security might be an option.
A low-interest business credit card are extremely convenient since you’re not burdened with the stress of managing multiple cards or worrying about the amount of money you’ll have to pay each month. This is especially applicable if you’re planning to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It comes with a range of benefits, such as an impressive sign-up bonus, purchase protection, and travel benefits. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR deals and the spend 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 it comes with a variety of other beneficial features like liability insurance as well as primary car rental coverage, shopping protection, and primary coverage for rental cars. These perks are great for small business owners.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in specific categories, you’ll earn three points for every dollar you spend. In this example for example, if you spend $500 on purchases with your card within the first three months, you’ll receive a 100,000-point welcome bonus.
Divide
The Divvy is a great option for startup business owners looking for business cards. This card offers a variety of 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 view the financial expenses. You can then create budgets, set the limits, and request funds. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards evaluate your business finances and allow you to decide how much money you’ll need to spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
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 can be an opportunity to secure the best interest rates on business loans, and can also provide valuable rewards. For example the Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Some cards offer rewards for travel and shopping and some can be used to increase your business’s credit.
Apart from the top business credit cards offered by Chase and other credit card issuers you can use. But, you must consider the ways you will use a particular credit card. It is crucial to choose a business credit card that is suitable for your specific needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. The card provides solid rewards for various categories of purchases and even will pay for employees’ mobile phone bills.