If you are thinking of creating your own business, the first important question is “Can I get my business credit card?” The answer is yes, but the process of applying for a business credit card can be overwhelming and confusing. Here are some tips to be aware of before obtaining the credit card you need.
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Brex 30
Brex offers a variety of financial services including corporate credit cards, spend management and expense management software. It offers a complete financial solution to startups.
The Brex Card, or Brex for Startups, is a credit card that helps entrepreneurs build credit histories. It doesn’t charge interest or provide personal guarantees. Rather, applicants are evaluated on the basis of their business model and spending habits.
Credit limits of up to 100 percent are available to applicants. The limit is determined by the amount the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards using a Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also receive three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spending management solution. The card provides a range of benefits, including a simple 1.5 percent cashback on all purchases. The card is free of annual fees and doesn’t require any other requirements than having a high credit score.
A business credit card with a low-interest rate is a great option for businesses that are just starting out. A business credit card that comes with additional protection may be a possibility.
One of the most important benefits of a business low-interest credit card is that you don’t need to worry about managing multiple cards or worrying about how much you can afford to pay every month. This is particularly true if you’re looking to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards designed for start-up businesses. It provides a wide range of advantages, including a high sign-up bonus, purchase security, and travel perks. However, it does have some drawbacks.
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. Furthermore, it’s not the most generous points-earning program.
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On the other side however, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance, primary car rental coverage and a shopping insurance. These benefits are ideal for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in certain categories, you’ll earn 3 points per dollar you spend. For instance, if charge $500 on purchases to your credit card during the first three months, you’ll receive a welcome bonus of 100,000 points.
Divvy
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 various benefits and features. It also lets you keep track of your business expenses.
The Divvy app can be used with any accounting software to allow users to look at their financial expenses. You can then create a budget, set maximum limits and request money. You can also set a spending limit for your employees.
Divvy also offers a corporate card. These cards review your company’ finances and help you determine how much you’ll need to spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure the best interest rates for business loans. They also offer rewards. For example the Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash. Certain cards provide rewards for shopping and traveling, while others are able to help build your credit score.
In addition to the top business credit cards from Chase, there are other credit card issuers that are available to. However, you must think about the manner in which you make use of a particular credit card. It is essential to locate the best business credit card that meets your particular needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card an excellent option. The card is a good option for earning rewards for a variety of purchase categories and even covers employees’ mobile phone costs.