For those who are starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While the answer is yes, it can be confusing and overwhelming to apply for a business credit card. Here are some things to be aware of when applying for an credit card.
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Brex 30
Brex provides a range of financial services including corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups build their credit history. It doesn’t charge interest and don’t have to offer an individual guarantee. Instead the applicants are evaluated based on their business model and their spending habits.
Credit limits of up 100 percent are permitted for applicants. This limit is determined by the amount a customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card, you can earn valuable rewards on purchases. For instance, you can get four points on travel booked through Brex Travel. You can also receive three points on dining.
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Capital on Tap
Capital on Tap is a complete small business credit card as well as a spending management solution. The card comes with a range of advantages, including a fixed 1.5 percent cashback on all purchases. The card does not have annual fees and doesn’t have any other qualifications other than having a high credit score.
A low-interest business credit line is a great choice for new businesses. You might also think about a business credit card with additional protection.
One of the most important features of a low-interest business credit card is that you don’t have to fret about juggling several cards or worrying about the amount you can afford to pay off 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 best business credit cards for new businesses. It comes with a range of benefits, like an excellent sign-up bonus purchase protection, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any introductory APR deals and the spend limit may not be appropriate for your company. Moreover, it’s not the most generous points-earning feature.
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On the other side it is worth noting that the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage and a shopping insurance. These perks are perfect for small-scale business owners.
Moreover that, the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. In this case for example, if you spend $500 on purchases to your card in the first three months, you will get a 100,000 point welcome bonus.
Divide
The Divvy is a great option for business owners who are just starting out looking for an business card. The card comes with a range of benefits and features. It also allows you to keep track of your business expenses.
Divvy is compatible with external accounting software, allowing users to easily monitor financial expenses. The program lets you create a budget, limit spending, and request funds. Divvy also allows you to set an expense limit for your employees.
Divvy also offers a corporate card. The cards analyze your company’s financial situation and decide on how much you should spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards are an opportunity to secure the best rates of interest on business loans, and can also offer 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 shopping and travel and others are able to help build your credit score.
There are numerous credit card issuers you could select from, including Chase. However, you must think about the way you intend to utilize a specific credit card. It is crucial to choose a business credit card that is suitable for your specific requirements.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent option. The card provides solid rewards across a variety of categories and even covers mobile phone costs.