If you’re thinking about starting your own business, the first important question you should ask yourself is “Can I get my business credit card?” The answer is yes but the process of obtaining an enterprise credit card can be confusing and overwhelming. Here are a few points you should be aware of about the process of obtaining an credit card.
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Brex offers a wide variety of financial services, including corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive 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 have to provide a personal guarantee. Rather, applicants are evaluated by company business model and spending patterns.
Applicants can have up to a 100 percent credit limit. The limit is based on the amount of cash in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. For instance, you can get four points on travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spending management solution. It comes with a myriad of benefits including a standard 1.5 percent cash-back rate on all purchases. There are no annual fees and the card doesn’t require other requirements except for an excellent credit score.
For businesses that are just starting out benefiting from a low-interest business credit card could be very appealing. You may also think about a business credit card that offers additional protection.
One of the key features of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you can afford to pay each month. This is especially important if you’re trying to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It comes with a range of advantages, including the highest sign-up bonus, purchase protection, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any APR introductory promotions available, and the spending cap could be too low for your business. In addition, it’s not exactly the most generous points-earning option.
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The Ink Business Preferred Card, on the other hand, offers many other useful features such as liability coverage and primary coverage for car rentals shopping protection, and primary car rental coverage. If you’re a small-sized business owner, you’ll definitely get these benefits.
Additionally to that, the Ink Business Preferred Card is an excellent opportunity to earn points. Spend in certain categories and earn three points per dollar. For example, if you charge $500 in purchases to your credit card during the first three months, then you’ll be rewarded with the welcome bonus of 100,000 points.
If you’re a start-up business owner in search of a business credit card you might want to consider Divvy. This type of card comes with numerous advantages and features. You can also keep track of your business expenses using this card.
Divvy integrates with other accounting software and enables users to easily view financial expenses. You can then create budgets, set the limits on spending and request money. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also has a corporate card. These cards look at your company’s finances and determine how much you’ll have to spend each month. Contrary to traditional business credit cards, Divvy does not require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to learn about the rates offered by the company before you apply.
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Chase Ultimate Rewards
Business credit cards offer a way to secure the most favorable interest rates on business loans, and they can also offer valuable rewards. For example one card, the Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Some cards offer rewards for shopping and travel and some can be used to help build your business’s credit.
There are many credit card issuers you can choose from, including Chase. However, you should think about the manner in which you use a particular credit card. It is essential to locate the best business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card gives you solid rewards across a variety of categories and even protects employees’ mobile phone expenses.
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