For those who are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however, the process of applying for an official business credit card can be a bit overwhelming and confusing. Here are some things to learn about getting credit card.
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Brex 30
Brex offers a variety of financial services including corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them establish their credit histories. The applicants don’t have to pay interest and don’t need to provide an individual guarantee. Instead the applicants are evaluated on their business model and spending habits.
Credit limits up to 100 percent are allowed for applicants. The limit is based on the amount of money that is 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 earn four points on travel booked through Brex Travel. You can also receive 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 budget management tool. The card offers a variety of benefits, including a flat 1.5% cashback rate on all purchases. There are no annual fees and the card does not have other requirements, aside from a good credit score.
For a startup business, the benefits of using a low-interest business credit card are a great deal. A business credit line with additional security might be an option.
One of the main advantages 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 off every month. This is especially true if are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for startup businesses. It provides many advantages, including a large sign up bonus, purchase protection, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any APR introductory promotions to be found, and the spending limit may be too low for your company. In addition, it’s not exactly the most generous points-earning option.
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On the other hand the Ink Business Preferred Card offers many other beneficial features, including liability coverage as well as primary coverage for car rental and a shopping insurance. If you’re a small business owner, you’ll surely enjoy these benefits.
The Ink Business Preferred Card is another excellent method to earn points. When you spend money in certain categories, you can earn 3 points per dollar you spend. For instance, if add $500 worth of purchases to your credit card within the first three months, you’ll receive an initial bonus of 100,000 points.
Divide
The Divvy card is a great choice for business owners who are just starting out seeking a business card. This card has a variety of advantages and features. It also allows you to track your business expenses.
Divvy can be used with accounting software, allowing users to quickly view the financial expenses. The program allows you to set a budget, limit spending and even request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards evaluate your business’s finances and decide how much you should spend each month. As opposed to traditional business credit card, Divvy is not a requirement for a personal guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to be aware of the company’s rates before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest rates of interest on business loans and offer valuable rewards. For example the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Certain cards provide rewards for shopping and travel and some can be used to to build credit for your business.
Aside from the best business credit cards offered by Chase and other credit card issuers that you can choose from. But, you must consider the ways you will use a particular credit card. It is vital to select the correct business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card provides solid rewards for various categories of purchases and even will pay for employees’ mobile phone expenses.