For those who are starting a business, one 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 tips to be aware of the process of getting the credit card.
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Brex provides a range of financial services like corporate credit cards spending management, as well as expense management software. It offers a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps entrepreneurs build credit histories. The applicants don’t pay interest or need to provide an individual guarantee. Instead, applicants are evaluated based on their company’s financial model and spending habits.
Credit limits up to 100 percent are available to applicants. The limit is determined by the amount a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards by using a Brex Corporate credit card. For instance, you can earn four points on travel booked through Brex Travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a spend management tool. 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 doesn’t have other requirements aside from an excellent credit score.
A low-interest business credit line is a great option for startups. A business credit line with additional security might be a good option.
A business credit card with a low-interest rate are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about how much money you’ll have to pay each month. This is particularly true if you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards that are designed for startups. It comes with a range of benefits, like an impressive sign-up bonus, purchase protection, and travel benefits. However, it does have some drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any APR introductory promotions to be found, and the spending cap could be too low for your business. It’s also not the most generous point-earning system.
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On the other side, 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. As a small company owner, you’ll certainly benefit from these benefits.
Moreover it is worth noting that the Ink Business Preferred Card is an excellent opportunity to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this example for example, if you spend $500 on purchases on your card in the first three months, you will receive a 100,000 point welcome bonus.
Divvy is an excellent choice for startup business owners seeking business cards. This type of card offers numerous advantages and features. It also allows you to monitor your business expenses.
The Divvy app can be used with any accounting software that allows users to look at their financial expenses. The program allows you to create a budget, restrict spending and even request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your company’s finances and determine the amount you can spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is crucial to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable rates of interest for business loans, and also provide valuable rewards. For example the Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Some cards offer rewards for shopping and travel and others can be used to improve your credit score.
There are a variety of credit card issuers that you can choose from, such as Chase. You should also consider the method of use for the credit card. It is essential to select the correct business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card provides solid rewards on different categories of purchases and also covers employees’ cell phone bills.