If you’re starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes but the process of applying for a business credit card can be daunting and confusing. Here are some things to be aware of before obtaining an credit card.
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Brex 30
Brex offers a variety of financial products, including corporate credit cards along with spend management and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an account that helps startups build their credit history. The cardholders don’t have to pay any interest or provide personal guarantees. Instead, applicants are evaluated based on their company’s budget and business model.
Credit limits of up 100 percent are permissible for applicants. The limit is determined by the amount customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards by using the Brex Corporate credit card. For example, you can earn four points when you travel booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and spend management tool. The card offers a slew of benefits including a standard 1.5 percent cash back rate on all purchases. There are no annual fees and the card does not have other requirements other than an excellent credit score.
For a startup business it is possible to reap the benefits of a business credit card that is low-interest can be extremely appealing. You might also think about a business credit card which offers additional security.
A business credit card with a low-interest rate are very convenient because you don’t have to worry of managing multiple credit cards or worrying about the amount of money you’ll have to pay each month. This is particularly true if you are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards designed for entrepreneurs. It offers a variety of benefits, such as a high sign-up bonus, purchase protection, and travel benefits. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR promotions and the spending limit may not be appropriate for your company. Moreover, it’s not the most generous points-earning program.
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The Ink Business Preferred Card, on the other hand it comes with a variety of other beneficial features such as liability coverage as well as primary coverage for car rentals, shopping protection, and primary coverage for car rental. 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. In this example when you spend $500 on purchases with your card within the first three months, you will get a 100,000 point welcome bonus.
Divide
If you’re a start-up business owner in search of a business credit card You might want to think about Divvy. This card comes with a wide range of benefits and features. You can also monitor your business expenses with this card.
The Divvy app can be used alongside any other accounting software to allow users to see their financial expenses. You can then create budgets, set the limits on spending and request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has corporate cards. The cards analyze your company’s finances and determine the amount you can spend every month. Unlike traditional business credit cards, Divvy is not a requirement for a personal guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to be aware of the company’s rates before applying.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the best rates of interest on business loans, and they can also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash or cash back. Certain cards provide rewards for shopping and travel and some can be used to help build your business’s credit.
There are many credit card issuers you can pick from, including Chase. However, you should think about the manner in which you make use of a particular credit card. It is vital to locate the best business credit card that meets your requirements.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card a fantastic option. This card offers solid rewards for various categories of purchases and even protects employees’ mobile phone expenses.