If you’re starting the business of their own, 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 daunting and confusing to apply for an enterprise credit card. Here are some points you should be aware of about the process of obtaining a credit card.
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Brex 30
Brex provides a variety of financial services, including corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, or Brex for Startups, is a credit card that can help entrepreneurs build credit histories. Applicants don’t pay interest or provide personal guarantees. Instead the applicants are evaluated on their budget and business model.
Customers can get up to a 100 percent credit limit. The limit is determined by the amount customers have in their 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. For example, you can earn four points on travel booked through Brex Travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management tool. The card offers a slew of benefits including a flat 1.5% cash back rate on all purchases. The card has no annual fees and does not have any other qualifications other than a good credit rating.
For a business that is just beginning, the benefits of using a business credit card with low interest could be very appealing. It is also possible to look into a business credit card with additional protection.
One of the key advantages of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about the amount you can afford to pay off every month. This is particularly true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards available to start-up companies. It provides a wide range of benefits, like a high sign-up bonus, purchase protection, as well as travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR offers and the spending limit might not be suitable for your business. It’s also not the best points-earning strategy.
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The Ink Business Preferred Card, on the other hand, offers many other useful features, such as liability coverage as well as primary car rental coverage shopping protection, and primary coverage for car rental. These perks are perfect for small business owners.
Moreover that, the Ink Business Preferred Card is an excellent way to earn points. Spend in certain categories and earn three points per dollar. For example, if you add $500 worth of purchases to your card in the first three months, you’ll be eligible for an offer of 100,000 points.
Divide
If you’re a startup business owner in search of an account for business credit, you may want to look into Divvy. This type of card comes with numerous benefits and features. It also lets you keep track of your business expenses.
Divvy is compatible with external accounting software, and allows users to quickly view financial expenses. You can create budgets, set the maximum limits and request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has a corporate card. The cards analyze your company’s finances and decide how much you can spend every month. In contrast to traditional business credit cards, Divvy doesn’t require an individual guarantee.
However, Divvy does not disclose any 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 a way to secure the best interest rates on business loans. They are also able to provide useful rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash back. Certain cards provide rewards for shopping and travelling as well as other cards that can be used to help to build credit for your business.
There are a variety of credit card issuers you can choose from, such as Chase. However, you must think about the way you intend to use a particular credit card. It is essential to select the correct business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. The card gives you solid rewards on different categories of purchases, and it even protects employees’ mobile phone bills.
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