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?” While there is a yes answer it can be difficult and confusing to apply for a business credit card. Here are some tips to learn about getting a credit card.
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Brex 30
Brex offers a variety of financial services like corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that can help entrepreneurs build credit histories. The cardholders don’t have to pay any interest and don’t need to provide personal guarantees. Instead, applicants are evaluated on the basis of their business model and spending habits.
Credit limits as high as 100 percent are allowed for applicants. This limit is determined by the amount customers have in their Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
You can earn rewards by using a Brex Corporate credit card. For instance, you’ll earn four points when you travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spend management tool. The card provides a range of benefits, including a standard 1.5 percent cashback on all purchases. The card doesn’t have annual fees and does not have any other requirements other than having a high credit score.
For a startup business benefiting from a business credit card that is low-interest are a great deal. A business credit line with additional security might be an option.
A low-interest business credit cards are very convenient because you don’t have to worry of managing multiple cards or worrying about the amount of money you’ll have to pay each month. This is particularly relevant if you’re trying to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards designed for entrepreneurs. It has many advantages, such as a huge reward for signing up, purchase protection, and travel perks. However, it has several drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any introductory APR promotions to be found and the spending cap could be too low for your business. Furthermore, it’s not the most generous points-earning option.
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On the other hand it is worth noting that the Ink Business Preferred Card offers several other valuable features, including liability coverage and primary car rental coverage, and a shopping protection. If you’re a small business owner, you’ll definitely benefit from these perks.
The Ink Business Preferred Card is another great way to earn points. When you spend in certain categories, you can earn three points per dollar you spend. For example, if you make a purchase of $500 to your card during the first three months, then you’ll be rewarded with an initial bonus of 100,000 points.
Divide
Divvy is an excellent choice for entrepreneurs who are starting their business and seeking an business card. This card has a variety of advantages and features. It also allows you to track your business expenses.
The Divvy app can be used alongside any other accounting software that allows users to monitor their financial expenses. The software allows you to create a budget, restrict spending, and request funds. It also lets you set an expense limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your company’s financial situation and decide on how much you’ll have 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 is important to be aware of the company’s rates prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure most competitive rates of interest on business loans and offer valuable rewards. For example the Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Certain cards provide rewards for shopping and traveling and others can be used to build your credit score.
There are a myriad of credit card issuers that you can select from, including Chase. You must also think about the way you intend to use the credit card. It is crucial to find the right business credit card for your requirements.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card offers solid rewards on various purchase categories and even covers cell phone bills.