For those who are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes however, the process of getting the business credit card could be a bit overwhelming and confusing. Here are some tips to be aware of the process of applying for a credit card.
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Brex 30
Brex provides a broad range of financial services, such as corporate credit cards and spend management as well as expense management software. Brex provides a complete financial solution for new businesses.
The Brex Card, or Brex for Startups, is an account that helps startups establish credit histories. Applicants don’t pay interest or provide personal guarantees. Instead applicants are evaluated based on their business model and spending habits.
Credit limits of up 100 percent are allowed for applicants. The limit is determined based on the amount of money that is in the customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. For example, you can 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 an all-in-one small business credit card and spending management system. It comes with a myriad of benefits, including a fixed 1.5% cash back rate on all purchases. The card has no annual fees and doesn’t have any other requirements other than a good credit rating.
If you are a new business, the benefits of using a low-interest business credit card are a great deal. A business credit card with added security may be an option.
One of the most important advantages of a low interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you’ll be able to pay each month. This is particularly applicable if you’re planning to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for startup businesses. It provides many benefits, including a high initial bonus as well as purchase protection as well as travel benefits. However, it has 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 may be too low for your business. It’s not the most efficient points-earning strategy.
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The Ink Business Preferred Card, however provides a range of useful features such as liability coverage, primary coverage for car rentals shopping protection, and primary coverage for car rental. These benefits are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. When you spend money in certain categories, you’ll earn three points for every dollar you spend. In this instance the case of spending $500 on purchases with your card in the first three months, you’ll receive a 100,000-point welcome bonus.
Divide
Divvy is a good option for startup business owners seeking business cards. This type of card offers a range of benefits and features. You can also monitor your business expenses with this card.
Divvy is compatible with any accounting software that allows users to monitor their financial expenses. You can then create budgets, set limits on spending and request money. It also lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate card. These cards look at your company’s financial situation and decide on how much you can spend every month. Contrary to traditional business credit cards, Divvy is not a requirement for personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards are a way to secure the best rates of interest on business loans. They can also offer useful rewards. For example a Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Certain cards provide rewards for shopping and traveling, and others can be used to to build credit for your business.
In addition to the top business credit cards offered by Chase but there are many other credit card issuers that you can use. You should also think about what you intend to do with the credit card. It is crucial to locate the best business credit card for your needs.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. This card is a great way to earn rewards on various purchase categories and also protects employees’ mobile phone bills.