If you’re thinking about starting a business, the most important question is “Can I get my business credit card?” The answer is yes however, the process of applying for an official business credit card can be a bit overwhelming and confusing. Here are some things you should know about the process of obtaining credit card.
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Brex offers a wide range of financial services, including corporate credit cards, spend management, and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups build credit histories. Applicants don’t pay interest and don’t need to offer a personal guarantee. Instead, applicants are assessed by the company’s business model and spending habits.
Credit limits of up to 100 percent are allowed for applicants. This limit is determined by the amount of money in the customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
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.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a budget 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 doesn’t have any other requirements aside from having a high credit score.
If you are a new business one of the advantages of using the low-interest business credit cards could be very appealing. A business credit line with additional security could be an option.
A low-interest business credit cards are extremely convenient since you don’t have the worry of managing multiple credit cards or worrying about the amount of you can manage each month. This is especially true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It offers a variety of benefits, like a high sign-up bonus, purchase security, and travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any promotional APR promotions to be found and the spending cap could be too low for your business. It’s not the most efficient point-earning option.
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On the other side however, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage as well as primary coverage for car rental and a shopping insurance. These benefits are ideal for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. If you make purchases in certain categories, you’ll earn three points per dollar you spend. For example, if you charge $500 on purchases to your card during the first three months, you’ll get an offer of 100,000 points.
The Divvy is a great option for startup business owners looking for an enterprise card. This kind of card comes with many benefits and features. You can also keep track of your business expenses by using this card.
The Divvy app can be used with any accounting software that allows users to monitor their financial expenses. The program lets you make a budget, limit spending and even request money. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards assess your business finances and allow you to decide how much money you should spend each month. In contrast to traditional business credit cards, Divvy doesn’t require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. It is important to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the best interest rates for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash back. Some cards offer rewards for shopping and traveling and some can be used to increase your business’s credit.
There are a myriad of credit card issuers you can pick from, including Chase. You must also think about the method of use for the credit card. It is essential to locate the right business credit card that is suitable for your specific needs.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. This card is a great way to earn rewards on a variety of purchase categories and even covers employees’ cell phone bills.