For those that are starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While the answer is yes it can be a bit challenging and overwhelming to apply for an enterprise credit card. Here are some points you should be aware of about the process of applying for an credit card.
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Brex offers a variety of financial products, including corporate credit cards, spend management and expense management software. Brex offers a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups build their credit score. Applicants don’t pay interest or provide an individual guarantee. Instead applicants are evaluated based on their company’s budget and business model.
Credit limits as high as 100 percent are permitted for applicants. This limit is determined by the amount of money a customer has in their Brex Cash account. Every day the Brex Card draws from the account to determine the limit of its spending.
With a Brex Corporate Credit Card You can earn rewards on purchases. For example, you can earn four points on trips booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a budget management tool. The card comes with a range of benefits, including a simple 1.5 percent cashback rate on all purchases. There are no annual fees and the card doesn’t require other requirements other than having a high credit score.
For a business that is just beginning, the benefits of using a business credit card that is low-interest can be extremely appealing. A business credit card that comes with additional protection may be a possibility.
A low-interest business credit cards are very convenient because you’re not juggling the hassle of managing multiple cards or worrying about how much you can manage each month. This is particularly important if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards designed for start-up companies. It comes with a range of benefits, such as an excellent sign-up bonus purchase protection, as well as travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any introductory APR promotions to be found and the spending cap may be too low for your business. It’s also not the best point-earning option.
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On the other hand however, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage and primary car rental coverage and a shopping protection. As a small-scale company owner, you’ll certainly enjoy these benefits.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in specific categories, you can earn 3 points per dollar you spend. For example, if you spend $500 on purchases on your card within the first three months, you’ll get a 100,000 point welcome bonus.
If you’re a start-up business owner in search of a credit card for business, you may want to consider Divvy. This card offers a variety of advantages and features. You can also monitor your business expenses with this card.
The Divvy app can be used alongside any other accounting software that allows users to view their financial expenses. The software lets you set a budget, limit spending and request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards review your company finances and assist you to decide on how much you can spend every month. Unlike traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the highest interest rates for business loans, and they can also offer useful rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash or cash back. Some cards offer rewards for shopping and travel, and others can be used to to build credit for your business.
There are a variety of credit card issuers you could choose from, such as Chase. You should also consider the method of use for the credit card. It is vital to locate the best business credit card to meet your requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a great option. This card provides solid rewards on various purchase categories, and it even will pay for employees’ cell phone bills.