If you’re thinking of starting a business, the most important question is “Can I get my business credit card?” The answer is a resounding yes, but the process of applying for a business credit card can be a bit overwhelming and confusing. Here are some things you should know about the process of applying for a credit card.
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Brex provides a range of financial services including corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them build their credit score. It doesn’t charge interest and don’t have to provide personal guarantees. Instead the applicants are evaluated on their budget and business model.
Credit limits as high as 100 percent are available to applicants. This limit is determined by the amount of money a customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. 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-sized business credit card that can also be used as a budget management tool. The card comes with a variety of benefits, including a flat 1.5 percent cash back rate on all purchases. The card has no annual fees and does not have any other conditions other than a good credit rating.
For a startup business, the benefits of using a low-interest business credit card could be very appealing. A business credit card that comes with additional security might be an option.
A low-interest business credit cards are very convenient because you’re not burdened with the stress of managing multiple credit cards or worrying about the amount of money you can afford each month. This is especially true when you are looking 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 offers a variety of benefits, like an impressive sign-up bonus, purchase protection, 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 company. Furthermore, it’s not the most generous points-earning feature.
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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. These perks are great for small business owners.
The Ink Business Preferred Card is another excellent method to earn points. When you spend money in certain categories, you can earn 3 points per dollar you spend. For instance, if you charge $500 on purchases to your card in the first three months, you’ll get the welcome bonus of 100,000 points.
Divvy is a good option for business owners who are just starting out seeking an business card. The card comes with a range of advantages and features. It also lets you monitor your business expenses.
Divvy integrates with other accounting software that allows users to easily monitor the financial expenses. You can then create budget, set maximum limits and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards assess your business financial situation and help you determine how much you should spend every month. As opposed to traditional business credit card, Divvy doesn’t require personal guarantees.
However, Divvy does not disclose any 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 the highest rates of interest for business loans. They also offer rewards. For example, a Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash back. Some cards offer rewards for shopping and travel as well as others that can be used to build your credit score.
Aside from the best business credit cards from Chase but there are many other credit card issuers that you can choose from. However, you should consider the manner in which you make use of a specific credit card. It is important to find an enterprise credit card that is suitable for your specific requirements.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card a great option. The card provides solid rewards for a variety of purchase categories and even protects employees’ mobile phone bills.