If you’re thinking of starting your own business, the first important thing to consider is “Can I get my business credit card?” The answer is yes, but the process of obtaining an official business credit card can be a bit overwhelming and confusing. Here are a few things to be aware of when applying for a credit card.
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Brex provides a variety of financial services, including corporate credit cards and spend management as well as expense management software. Brex offers a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build credit histories. The applicants don’t have to pay interest or provide a personal guarantee. Rather, applicants are evaluated by the business model of the company and spending habits.
Credit limits as high as 100 percent are permissible for applicants. This limit is determined by the amount of money 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 significant rewards on purchases. For example, you can earn four points when you travel booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management tool. The card provides a range of benefits, including a simple 1.5 percent cashback rate on all purchases. The card has no annual fees and does not have any other requirements other than an excellent credit score.
If you are a new business benefiting from a low-interest business credit card are a great deal. You might also look into a credit card for business with additional protection.
Business credit cards with low interest are extremely convenient since you don’t have to worry of managing multiple cards or worrying about how much money you’ll have to pay 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 most sought-after business credit cards designed for entrepreneurs. It provides many advantages, such as a huge sign-up bonus as well as purchase protection as well as travel benefits. It has some downsides.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions to be found and the spending limit may be too low for your company. It’s also not the most effective points-earning feature.
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On the other side it is worth noting that the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance in addition to primary car rental insurance and a shopping protection. If you’re a small company owner, you’ll certainly benefit from these benefits.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in specific categories, you can earn 3 points per dollar you spend. For instance, if you add $500 worth of purchases to your card in the first three months, you’ll get an offer of 100,000 points.
Divvy is a good option for startup business owners looking for business cards. This type of card comes with various advantages and features. It also lets you keep track of your business expenses.
Divvy is compatible with any accounting software to allow users to see their financial expenses. You can create budgets, set the limits on spending and request money. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also has corporate cards. These cards look at your company’s finances and determine the amount you should 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 be aware of the company’s rates before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the most favorable rates of interest on business loans and offer valuable rewards. For example one card, the 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 while others can be used to build your credit score.
Apart from the top business credit cards from Chase and other credit card issuers are available to. It is important to consider how you will use the credit card. It is essential to locate the right business credit card that will meet your particular needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card offers solid rewards for various categories of purchases and even covers employees’ cell phone bills.