If you’re thinking about starting an enterprise, the most important question is “Can I get my business credit card?” The answer is a resounding yes however, the process of getting an official business credit card can be a bit overwhelming and confusing. Here are some tips to be aware of the process of obtaining an credit card.
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Brex 30
Brex provides a variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build credit histories. The cardholders don’t have to pay any interest and don’t have to offer personal guarantees. Instead the applicants are evaluated on their company’s business model and spending habits.
Credit limits as high as 100 percent are available to applicants. This limit is determined by the amount of cash in a customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
You can earn valuable rewards when you use the Brex Corporate credit card. Brex Travel offers four points to book travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a spend management tool. The card comes with a range of benefits, including a simple 1.5% cashback rate on all purchases. The card has no annual fees and does not have any other requirements other than an excellent credit score.
A business credit card with low interest is a great option for businesses that are just starting out. A business credit card with added security may be a good option.
A business credit card with a low-interest rate are very convenient because you don’t have to worry of managing multiple cards or worrying about the amount of money you’ll have to pay each month. This is especially relevant if you’re trying to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards that are designed for startups. It comes with a range of benefits, including an impressive sign-up bonus, purchase security, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR promotions to be found, and the spending limit may be too low for your company. It’s also not the most generous points-earning feature.
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On the other hand however, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance and primary car rental coverage, and a shopping protection. These benefits are ideal for small-scale business owners.
Additionally to that, the Ink Business Preferred Card is a great way to earn points. When you spend in specific categories, you can earn 3 points for every dollar you spend. For instance, if you make a purchase of $500 to your credit card within the first three months, then you’ll be rewarded with a welcome bonus of 100,000 points.
Divvy
If you’re a start-up business owner looking for an account for business credit, you may want to look into Divvy. This kind of card comes with many advantages and features. It also allows you to keep track of your business expenses.
Divvy is compatible with external accounting software that allows users to quickly view the financial expenses. The program allows you to make a budget, limit spending and even request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card. These cards assess your company’s financial situation and decide on how much you’ll need to spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to be aware of the company’s rates before you apply.
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Chase Ultimate Rewards
Business credit cards offer the chance to secure most favorable interest rates on business loans. They can also provide valuable rewards. For example, a Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Certain cards provide rewards for travel and shopping, while others can be used to build your credit score.
Apart from the top business credit cards offered by Chase, there are other credit card issuers you can choose from. It is important to consider the way you intend to use the credit card. It is crucial to choose the appropriate business credit card that meets your needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card a fantastic option. This card provides solid rewards on a variety of purchase categories and also covers employees’ cell phone bills.