For those who are starting a business, 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 challenging and overwhelming to apply for an enterprise credit card. Here are some things you need to know about the process of obtaining credit card.
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Brex provides a variety of financial services, including corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups establish credit histories. The applicants don’t have to pay interest or have to provide an individual guarantee. Rather, applicants are evaluated by the company’s business model and spending patterns.
Applicants can have up to a 100 percent credit limit. 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.
You can earn rewarding rewards using the Brex Corporate credit card. For instance, you’ll get four points on travel booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spend management solution. The card offers a slew 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 an excellent credit score.
For a startup business benefiting from a low-interest business credit card could be very appealing. A business credit line with additional security could be a possibility.
Business credit cards with low interest 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 particularly important if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards for new businesses. It provides a wide range of benefits, including the highest sign-up bonus, purchase security, and travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR promotions to be found and the spending cap may be too low for your business. Moreover, it’s not the most generous points-earning feature.
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On the other side however, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance as well as primary coverage for car rental, and a shopping protection. These perks are great for small business owners.
Additionally to that, the Ink Business Preferred Card is a great method to earn points. Spend in specific categories and you’ll earn three points per dollar. For example, if you add $500 worth of purchases to your credit card within the first three months, you’ll receive a welcome bonus of 100,000 points.
If you’re a business owner in search of an account for business credit You might want to think about Divvy. This type of card comes with various advantages and features. It also lets you monitor your business expenses.
Divvy works with external accounting software that allows users to view their financial expenses. The software lets you create a budget, limit spending and request money. Divvy also allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards look at your company’s finances and determine how much you can spend each month. As opposed to traditional business credit card, Divvy doesn’t require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest rates of interest for business loans and offer valuable rewards. For example one card, the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Certain cards provide rewards for shopping and traveling and some can be used to help improve your company’s credit score.
There are a myriad of credit card issuers you can choose from, including Chase. It is important to consider how you will use the credit card. It is important that you locate the best business credit card for your needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. The card is a good option for earning rewards for various categories of purchases and even covers employees’ mobile phone bills.