For those who are just beginning an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” Although there is a yes answer it can be a bit challenging and overwhelming to apply for an enterprise credit card. Here are some things to be aware of before obtaining a credit card.
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Brex 30
Brex provides a range of financial services including corporate credit cards along with spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit history. Applicants don’t pay interest or have to provide a personal guarantee. Instead, applicants are evaluated based on their financial model and spending habits.
Users can get 100 percent credit limit. This limit is based on the amount of cash in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards using the Brex Corporate credit card. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spend management solution. It comes with a myriad of benefits including a flat 1.5% cash back rate on all purchases. There are no annual charges, and the card doesn’t have any other requirements other than a good credit score.
A business credit card with low interest is a great choice for those who are just starting out. A business credit line with additional security could be an option.
One of the main advantages of a low-interest business credit card is that you don’t need to worry about managing multiple cards or worrying about how much you’ll have to pay 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 best business credit cards available to start-up businesses. It provides many benefits, including a high sign up bonus, purchase protection, as well as travel benefits. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promotions and the spending limit may not be appropriate for your company. This isn’t the most efficient point-earning option.
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On the other hand it is worth noting that the Ink Business Preferred Card offers numerous other useful features, including liability coverage, primary car rental coverage as well as a shopping security. These benefits are ideal for small business owners.
Furthermore it is worth noting that the Ink Business Preferred Card is a great way to earn points. When you spend in specific categories, you’ll earn three points for every dollar you spend. For example, if you add $500 worth of purchases to your credit card within the first three months, you’ll be eligible for the welcome bonus of 100,000 points.
Divvy
If you’re a startup business owner looking for an enterprise credit card you might want consider Divvy. This type of card offers various benefits and features. It also allows you to monitor your business expenses.
Divvy can be used alongside any other accounting software that allows users to monitor their financial expenses. The program allows you to make a budget, limit spending and request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your company’s financial situation and decide on how much you’ll need to spend every month. As opposed to traditional business credit card, Divvy does NOT require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important 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 the best rates of interest on business loans, and also provide valuable rewards. For instance a Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Certain cards provide rewards for travel and shopping as well as other cards that can be used to help increase your business’s credit.
There are numerous credit card issuers that you can select from, including Chase. However, you must think about the way you intend to utilize a specific credit card. It is vital to find the right business credit card for your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. This card offers solid rewards on a variety of purchase categories, and it even covers employees’ cell phone bills.