For those who are just beginning 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 obtaining an official business credit card can be confusing and overwhelming. Here are some tips to be aware of the process of applying for the credit card.
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Brex offers a wide variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them build their credit score. Applicants don’t pay interest or require a personal guarantee. Instead applicants are evaluated on their company’s financial model and spending habits.
Credit limits up to 100 percent are available to applicants. The limit is based on the amount of money in a customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
You can earn significant rewards when you use a Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spend management solution. The card offers a slew of benefits including a flat 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card doesn’t require other requirements except for having a high credit score.
If you are a new business it is possible to reap the benefits of a business credit card that is low-interest are a great deal. A business credit card that offers added security may be a viable option.
One of the most important features of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll be able to pay every month. This is particularly true if you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for new businesses. It offers a range of benefits, including an impressive sign-up bonus, purchase protection, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promotions and the spending limit might not be suitable for your company. Moreover, it’s not the most generous points-earning option.
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The Ink Business Preferred Card, on the other hand provides a range of useful features, including liability coverage primary car rental coverage, shopping protection, and primary coverage for car rentals. As a small company owner, you’ll certainly enjoy these benefits.
Furthermore that, the Ink Business Preferred Card is a great method to earn points. Spend in certain categories , and you’ll earn three points per dollar. For instance, if you charge $500 on purchases to your card in the first three months, you’ll receive a welcome bonus of 100,000 points.
The Divvy is a great option for startup business owners seeking an business card. This type of card comes with various advantages and features. You can also track your business expenses with this card.
Divvy is compatible with any accounting software that allows users to monitor their financial expenses. You can create budget, set limits, and request funds. It also lets you set an expense limit for your employees.
Divvy also has corporate cards. These cards review your company finances and assist you to decide on how much you can spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the interest rate of 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. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Certain cards provide rewards for shopping and travel as well as other cards that can be used to increase your business’s credit.
Aside from the best business credit cards offered by Chase, there are other credit card issuers you can turn to. However, you should think about the manner in which you use a particular credit card. It is essential to select the correct corporate credit card for your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. This card offers solid rewards for a variety of purchase categories and even covers employees’ mobile phone expenses.