If you’re thinking of creating a business, the most important question is “Can I get my business credit card?” The answer is yes however the process of applying for the business credit card could be overwhelming and confusing. Here are a few tips to be aware of the process of obtaining a credit card.
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Brex 30
Brex provides a range of financial products, including corporate credit cards spending management, as well as expense management software. Brex offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is a credit card that can help startups establish their credit history. Applicants don’t pay interest or offer personal guarantees. Instead applicants are evaluated on their company’s business model and their spending habits.
Credit limits up to 100 percent are allowed for applicants. The limit is based on the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards using the Brex Corporate credit card. For instance, you’ll earn four points on travel booked through Brex Travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spending management tool. It offers a wide range of advantages, including a fixed 1.5 percent cashback on all purchases. There are no annual fees and the card doesn’t have other requirements other than having a high credit score.
For businesses that are just starting out one of the advantages of using a low-interest business credit card could be very appealing. A business credit card that offers additional security might be a possibility.
A business credit card with a low-interest rate are very convenient because you’re not juggling the hassle of managing multiple cards or worrying about the amount of you can manage each month. This is particularly important if you’re trying to finance large expenditures.
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 a wide range of benefits, such as an impressive sign-up bonus, purchase protection, and travel benefits. It does have some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any promotional APR promotions to be found, and the spending cap could be too low for your company. It’s also not the best points-earning feature.
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The Ink Business Preferred Card, on the other hand, offers many other useful features like liability insurance and primary coverage for car rentals shopping protection, and primary car rental coverage. These benefits are perfect for small business owners.
Moreover it is worth noting that the Ink Business Preferred Card is a great opportunity to earn points. When you spend in certain categories, you’ll earn three points per dollar you spend. In this example for example, if you spend $500 on purchases on your card within the first three months, you’ll receive a 100,000 point welcome bonus.
Divide
If you’re a startup business owner in search of a credit card for business you might want look into Divvy. This type of card comes with various advantages and features. It also allows you to track your business expenses.
Divvy can be used with any accounting software that allows users to look at their financial expenses. You can then create budget, set maximum limits and request money. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also offers corporate cards. These cards look at your company’s finances and decide how much you’ll have to 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’s crucial to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the best interest rates on business loans, and they can also provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash or cash back. Some cards offer rewards for purchases and travel and others can be used to improve your credit score.
There are numerous credit card issuers you could select from, including Chase. However, you must think about how you will utilize a specific credit card. It is important that you find the right business credit card that meets your requirements.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card offers solid rewards on various purchase categories and even will pay for employees’ cell phone bills.