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?” Although the answer is yes it can be a bit challenging and overwhelming to apply for a business credit card. Here are a few points you should be aware of about the process of applying for the credit card.
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Brex provides a broad range of financial services, such as corporate credit cards, spend management, and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that helps startups build their credit history. It doesn’t charge interest or need to provide a personal guarantee. Instead, applicants are assessed by company business model and spending habits.
Applicants can have up to 100 percent credit limit. This limit is by the amount of cash in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards when you use the Brex Corporate credit card. For instance, you’ll earn four points on trips booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management solution. The card provides a range of benefits, including a standard 1.5 percent cashback rate on all purchases. The card doesn’t have annual fees and doesn’t have any other requirements than a good credit rating.
For a startup business, the benefits of using a low-interest business credit card could be very appealing. A business credit card with additional security might be an option.
One of the key advantages of a low interest business credit card is that you don’t have to fret about juggling several cards or worrying about how much you’ll be able to pay each month. This is especially relevant if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for startup companies. It comes with a variety of benefits, including a high initial bonus, purchase protection, and travel perks. However, it has some disadvantages.
The Ink Business Preferred Card may not be perfect. There are no introductory APR promotions to be found and the spending limit may be too low for your company. It’s not the most efficient points-earning program.
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The Ink Business Preferred Card, on the other hand, offers many other useful features, such as liability coverage as well as primary coverage for car rentals, shopping protection, and primary car rental coverage. If you’re a small business owner, you’ll surely get these benefits.
Additionally to that, the Ink Business Preferred Card is a great opportunity to earn points. Spend in specific categories and you’ll earn three points per dollar. In this case, if you spend $500 on purchases to your card in the first three months, you’ll get a 100,000 point welcome bonus.
The Divvy is a great option for startup business owners seeking business cards. This type of card comes with numerous benefits and features. It also lets you track your business expenses.
Divvy works with external accounting software and enables users to view their the financial expenses. The software allows you to create a budget, restrict spending, and request funds. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business’s financial situation and decide on how much you’ll have to spend every month. Unlike traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to learn about the rates offered by the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest rates of interest for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash back. Some cards offer rewards for travel and shopping and others can be used to boost your credit score.
There are numerous credit card issuers to choose from, including Chase. You should also consider how you will use the credit card. It is crucial to choose the best business credit card that will meet your specific requirements.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. The card gives you solid rewards on a variety of purchase categories as well as will pay for employees’ cell phone bills.