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 a resounding yes but the process of obtaining a business credit card can be a bit overwhelming and confusing. Here are some things you need to be aware of when applying for an credit card.
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Brex offers a wide variety of financial services, such as 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 provide personal guarantees. Instead, applicants are evaluated based on their company’s business model and spending habits.
Applicants can have up to 100 percent credit limit. The limit is determined based on the amount of cash in a customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
You can earn significant rewards using the Brex Corporate credit card. For instance, you can earn four points when you 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 business credit card that can also be used as a budget management tool. The card comes with a range of benefits, including a simple 1.5 percent cashback rate on all purchases. There are no annual charges, and the card doesn’t have any other requirements other than having a high credit score.
For a startup business benefiting from a business credit card with low interest could be very appealing. A business credit line with added security may be a good option.
One of the main features of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll have to pay off every month. This is especially true when 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 provides a wide range of benefits, like an impressive sign-up bonus, purchase security, and travel perks. However, it has several drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any initial APR promos and the spending limit might not be suitable for your business. It’s also not the most effective point-earning option.
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The Ink Business Preferred Card, on the other hand, offers many other useful features, including liability coverage, primary coverage for car rentals shopping protection, as well as primary car rental coverage. These perks are great for small business owners.
The Ink Business Preferred Card is another great method to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. For instance, if you make a purchase of $500 to your credit card during the first three months, then you’ll be rewarded with an offer of 100,000 points.
Divvy is a good option for business owners who are just starting out seeking an enterprise card. The card comes with a range of advantages and features. You can also keep track of your business expenses by using this card.
Divvy can be integrated alongside any other accounting software that allows users to see their financial expenses. The program lets you create a budget, limit spending and even request money. Additionally, Divvy lets you set an expense limit for your employees.
Divvy also offers a corporate credit card for corporate customers. The cards analyze your company’s finances and determine how much you should spend every month. Unlike traditional business credit cards, Divvy doesn’t require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards are the opportunity to get the highest interest rates for business loans. They are also able to provide useful rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash or cash back. Some cards offer rewards for shopping and travel while others can be used to improve your company’s 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 consider the ways you will make use of a particular credit card. It is vital to find the right business credit card to meet your requirements.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. The card is a good option for earning rewards for a variety of purchase categories and even will pay for employees’ mobile phone costs.