If you are thinking of starting your own business, the most important thing to consider is “Can I get my business credit card?” While the answer is yes it can be confusing and overwhelming to apply for a business credit card. Here are a few things you need to know about the process of applying for an credit card.
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Brex 30
Brex provides a broad range of financial services, including corporate credit cards spending management, as well as expense management software. Brex offers a complete financial solution to startups.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups establish their credit histories. The applicants don’t have to pay interest and don’t need to offer an individual guarantee. Instead applicants are evaluated on their business model and their spending habits.
Credit limits up to 100 percent are allowed for applicants. This limit is determined by the amount of money that is in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
You can earn valuable rewards with a 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 a small business credit card that can also be used as an expense management tool. The card comes with a host of benefits, including a fixed 1.5 percent cash back rate on all purchases. The card is free of annual fees and doesn’t require any other requirements other than having a high credit score.
A business credit card with low interest is a great choice for those who are just starting out. A business credit card with added security may be a good option.
Business credit cards with low interest are very convenient because you’re not juggling the hassle of managing multiple credit cards or worrying about the amount of you can manage each month. This is especially true when you are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards designed for entrepreneurs. It offers many benefits, including a high initial bonus and purchase protection as well as travel benefits. It has some downsides.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any APR introductory promotions to be found and the spending limit may be too low for your business. This isn’t the most efficient points-earning program.
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The Ink Business Preferred Card, however provides a range of useful features, such as liability coverage and primary coverage for car rentals, shopping protection, and primary coverage for car rental. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you’ll earn three points per dollar you spend. For instance, if add $500 worth of purchases to your card in the first three months, then you’ll be rewarded with an initial bonus of 100,000 points.
Divide
Divvy is an excellent choice for startup business owners seeking an business card. This type of credit card provides various benefits and features. It also lets you keep track of your business expenses.
Divvy is compatible alongside any other accounting software that allows users to view their financial expenses. You can create budget, set limits, and request money. Divvy also allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. The cards analyze your company’s financial situation and decide on how much you’ll have to spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is crucial to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards are the opportunity to get the best interest rates on business loans. They can also offer useful rewards. For example a Chase Ultimate Rewards business credit card provides bonus points which could be converted to 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 could choose from, such as Chase. You should also consider the way you intend to use the credit card. It is essential to find the right business credit card that meets your 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 for various categories of purchases as well as will pay for employees’ cell phone bills.