If you’re thinking about creating your own business, the first important question to ask is “Can I get my business credit card?” The answer is yes, but the process of getting an official business credit card can be confusing and overwhelming. Here are a few things you need to know about the process of obtaining credit card.
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Brex 30
Brex offers a wide variety of financial services, such as corporate credit cards and spend management as well as expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups establish their credit histories. The applicants don’t pay interest or provide personal guarantees. Instead, applicants are assessed on the basis of their business model and spending patterns.
Applicants can have up to 100 percent credit limit. The limit is determined by the amount the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. For instance, you can get four points on travel booked through Brex Travel. You can also receive three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card as well as a spending management solution. The card offers a variety of benefits, including a simple 1.5 percent cashback rate on all purchases. The card doesn’t have annual fees and doesn’t require any other requirements than a good credit rating.
For businesses that are just starting out, the benefits of using a business credit card that is low-interest can be extremely appealing. You may also think about a business credit card that offers additional protection.
Business credit cards with low interest 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 applicable if you’re planning to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for new businesses. It comes with a range of benefits, like an impressive sign-up bonus, purchase protection, and travel perks. However, it also has some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any introductory APR promotions available, and the spending cap may be too low for your business. In addition, it’s not exactly the most generous points-earning option.
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On the other hand, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance, primary car rental coverage, and a shopping protection. As a small business owner, you’ll surely benefit from these perks.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in specific categories, you’ll earn three points per dollar you spend. For example, if you charge $500 in purchases to your credit card within the first three months, you’ll get the welcome bonus of 100,000 points.
Divvy
Divvy is a good option for entrepreneurs who are starting their business and seeking a business card. This kind of card comes with numerous advantages and features. You can also track your business expenses with this card.
Divvy is compatible with external accounting software, and allows users to quickly view financial expenses. You can create a budget, set maximum limits and request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. The cards analyze your company’s financial situation and decide on how much you should spend each month. Unlike traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the best interest rates for business loans. They also offer rewards. For instance a Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash back. Certain cards provide rewards for shopping and travel and some can be used to increase your business’s credit.
Aside from the best business credit cards from Chase, there are other credit card issuers you can choose from. It is important to consider how you will use the credit card. It is essential to locate a business credit card that suits your specific needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card an excellent choice. This card offers solid rewards across a variety of categories and even covers mobile phone bills.
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