For those who are just beginning a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While there is a yes answer it can be a bit difficult and confusing to apply for an enterprise credit card. Here are some things you need to be aware of before obtaining a credit card.
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Brex provides a range of financial services , including corporate credit cards spending management, as well as expense management software. It offers a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build credit histories. Applicants don’t pay interest or require an individual guarantee. Instead the applicants are evaluated based on their business model and their spending habits.
The applicants can enjoy up to a 100 percent credit limit. This limit is determined by the amount the 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 substantial rewards on purchases. For instance, you could earn four points on travel booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a spending management tool. The card offers a variety of advantages, including a fixed 1.5 percent cashback on all purchases. There are no annual fees and the card does not have other requirements except for having a high credit score.
A low-interest business credit line is a great choice for startups. You might also consider a business credit card that offers additional protection.
One of the most important features of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll have to pay off each 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 most sought-after business credit cards for startups. It offers many benefits, including a substantial sign-up bonus along with purchase protection, as well as travel perks. However, it also has a few drawbacks.
The Ink Business Preferred Card may not be perfect. There are no introductory APR promos and the spending limit may not be appropriate for your business. This isn’t the most efficient point-earning option.
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The Ink Business Preferred Card, however it offers a number of additional useful features such as liability coverage as well as primary coverage for car rentals shopping protection, as well as primary car rental coverage. These benefits are ideal for small-scale business owners.
The Ink Business Preferred Card is another great way to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. For example, if you charge $500 on purchases to your card during the first three months, you’ll receive a welcome bonus of 100,000 points.
The Divvy card is a great choice for startup business owners seeking an business card. This type of credit card provides many benefits and features. You can also keep track of your business expenses using this card.
Divvy works with external accounting software that allows users to easily monitor the financial expenses. You can then create a budget, set maximum limits and request money. You can also set an expense limit for your employees.
Divvy also offers a corporate credit card for corporate customers. The cards analyze your company’s financial situation and decide on how much you should spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to be aware of the company’s rates before you apply.
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Chase Ultimate Rewards
Business credit cards can be the chance to secure best rates of interest on business loans, and can also provide valuable rewards. For example one card, the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Certain cards provide rewards for shopping and travelling as well as other cards that can be used to build your business’s credit.
There are many credit card issuers to choose from, such as Chase. However, you should consider the ways you will make use of a specific credit card. It is crucial to choose the right business credit card that suits your specific needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card an excellent choice. This card is a great way to earn rewards on various purchase categories and even protects employees’ mobile phone bills.