If you’re 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 a bit challenging and overwhelming to apply for a business credit card. Here are some things to be aware of before obtaining the credit card you need.
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Brex offers a wide range of financial services, such as corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups build their credit history. Applicants don’t pay interest or have to provide a personal guarantee. Instead, applicants are assessed by the business model of the company and spending habits.
Credit limits of up 100 percent are allowed for applicants. This limit is determined by the amount customers have 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 valuable rewards on purchases. For instance, you’ll earn four points on trips booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management system. The card offers a variety of benefits, including a standard 1.5% cashback rate on all purchases. The card does not have annual charges and doesn’t need any other requirements other than an excellent credit score.
A business credit card with low interest is a great choice for new businesses. A business credit card with additional protection may be an option.
One of the primary advantages of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about the amount you can afford to pay every month. This is especially true if you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It offers a range of benefits, including a high sign-up bonus, purchase security, and travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any APR introductory promotions available, and the spending limit could be too low for your business. It’s also not the most effective point-earning option.
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On the other hand the Ink Business Preferred Card offers a lot of other useful features, including liability coverage and primary car rental coverage, and a shopping protection. These benefits are perfect for small-scale business owners.
Additionally, the Ink Business Preferred Card is an excellent method to earn points. Spend in specific categories and you’ll earn three points per dollar. For example, if you charge $500 on purchases to your card in the first three months, you’ll be eligible for a welcome bonus of 100,000 points.
The Divvy is a great option for business owners in the beginning looking for an business card. This type of credit card provides numerous advantages and features. It also allows you to monitor your business expenses.
Divvy can be used with accounting software, allowing users to quickly view financial expenses. The software lets you 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 review your company finances and allow you to determine how much you should spend each month. In contrast to traditional business credit cards, Divvy is not a requirement for a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards can be used to get the most competitive rates of interest on business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted into cash back. Certain cards provide rewards for travel and shopping as well as other cards that can be used to help to build credit for your business.
There are many credit card issuers that you can pick from, including Chase. But, you must consider the manner in which you use a particular credit card. It is crucial to choose the best business credit card that is suitable for your particular needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card is a good option for earning rewards for a variety of purchase categories and even covers employees’ mobile phone costs.