If you are thinking of starting a business, the most important thing to consider is “Can I get my business credit card?” Although there is a yes answer, it can be difficult and confusing to apply for a business credit card. Here are some things you need to learn about getting the credit card you need.
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Brex 30
Brex offers a variety of financial services including corporate credit cards along with spend management and expense management software. Brex offers a complete financial solution to startups.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build credit histories. The cardholders don’t have to pay any interest and don’t have to offer a personal guarantee. Instead applicants are evaluated based on their company’s business model and spending habits.
Credit limits of up to 100 percent are permitted for applicants. The limit is based on the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards with the Brex Corporate credit card. For instance, you’ll 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 offers a variety of advantages, including a fixed 1.5 percent cashback on all purchases. There are no annual fees and the card doesn’t require other requirements except for having a high credit score.
A low-interest business credit card is a great option for new businesses. A business credit card with additional protection may be an option.
A low-interest business credit card are extremely convenient since you’re not burdened with the stress of managing multiple credit cards or worrying about the amount of money you’ll be able to afford each 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 top business credit cards designed for start-up businesses. It offers a variety of advantages, including a high sign-up bonus, purchase protection, and travel benefits. It does have some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promotions available, and the spending cap could be too low for your business. It’s also not the best points-earning feature.
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On the other side however, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance, primary car rental coverage and a shopping insurance. These benefits are perfect for small business owners.
Furthermore that, the Ink Business Preferred Card is a great way to earn points. Spend in certain categories and earn 3 points for every dollar. For instance, if you add $500 worth of purchases to your credit card within the first three months, you’ll receive the welcome bonus of 100,000 points.
Divvy
Divvy is an excellent choice for business owners who are just starting out seeking business cards. This type of card offers many advantages and features. You can also track your business expenses with this card.
The Divvy app can be used with any accounting software to allow users to monitor their financial expenses. You can then create a budget, set maximum limits and request money. It also lets you set a spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business’s financial situation and decide on how much you’ll have to spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to learn about the rates offered by the company before applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best rates of interest on business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash or cash back. Some cards offer rewards for travel and shopping while others can be used to boost your credit score.
There are a variety of credit card issuers you can choose from, such as Chase. It is important to consider the method of use for the credit card. It is important that you find the right business credit card to meet your needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. The card gives you solid rewards for various categories of purchases, and it even covers employees’ cell phone bills.