For those that are starting a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” Although there is a yes answer, it can be daunting and confusing to apply for an enterprise credit card. Here are some tips to be aware of the process of getting an credit card.
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Brex 30
Brex offers a variety of financial services including corporate credit cards, spend management and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is a credit card that can help startups establish their credit history. The applicants don’t pay interest or require personal guarantees. Instead applicants are evaluated on their company’s business model and spending habits.
Credit limits of up 100 percent are available to applicants. This limit is determined by the amount of money a customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
With the Brex Corporate Credit Card, you can earn valuable rewards on purchases. For example, you can earn four points when you 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-sized business credit card that can also be used as a budget management tool. The card comes with a variety of benefits including a standard 1.5 percent cash back rate on all purchases. The card does not have annual fees and does not have any other qualifications other than a good credit rating.
For businesses that are just starting out benefiting from a business credit card that is low-interest can be extremely appealing. A business credit card with added security may be a good option.
One of the most important advantages of a low interest business credit card is that you don’t need to worry about managing multiple cards or worrying about the amount you can afford to pay every month. This is especially true if you’re looking to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for new businesses. It offers many benefits, including a high initial bonus and purchase protection as well as travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any APR introductory promotions to be found 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 it offers a number of additional useful features, including liability coverage primary coverage for car rentals shopping protection, as well as primary coverage for rental cars. These benefits are ideal for small-scale business owners.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in specific categories, you’ll earn 3 points for every dollar you spend. For example, if you charge $500 in purchases to your credit card within the first three months, then you’ll be rewarded with the welcome bonus of 100,000 points.
Divvy
If you’re a startup business owner in search of an account for business credit you might want think about Divvy. This card comes with a wide range of advantages and features. You can also monitor your business expenses with this card.
Divvy can be used with any external accounting software to allow users to monitor their financial expenses. The software lets you make a budget, limit spending and even request money. Divvy also allows you to set an expense limit for your employees.
Divvy also offers a corporate card. These cards review your company finances and allow you to decide how much money you’ll need to spend every month. In contrast to traditional business credit cards, Divvy is not a requirement for personal guarantees.
However, Divvy does not disclose any interest rates on its website. It is important to know the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards offer the opportunity to get the best interest rates on business loans, and they are also able to provide useful rewards. For instance one card, the Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Certain cards provide rewards for shopping and traveling and others can be used to build your credit score.
There are numerous credit card issuers you could choose from, including Chase. It is important to consider the way you intend to use the credit card. It is essential to select the correct business credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card gives you solid rewards for various categories of purchases and even protects employees’ mobile phone bills.