If you’re starting a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” Although there is a yes answer it can be daunting and confusing to apply for an enterprise credit card. Here are some tips to know about how to get a credit card.
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Brex offers a variety of financial services including corporate credit cards as well as 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 for start-ups that helps them build credit histories. The applicants don’t have to pay interest or offer an individual guarantee. Instead, applicants are evaluated based on their company’s budget and business model.
Applicants can have up to 100 percent credit limit. This limit is based on the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards when you use the Brex Corporate credit card. For example, you can 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-sized business credit card that can also be used as a spend management tool. The card offers a slew of benefits, including a fixed 1.5 percent cash back rate on all purchases. There are no annual fees and the card doesn’t require other requirements except for a good credit score.
A low-interest business credit line is a great option for those who are just starting out. You may also want to think about a business credit card that provides additional security.
A low-interest business credit cards are extremely convenient since you’re not juggling the hassle of managing multiple credit cards or worrying about how much money you’ll be able to afford 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 top business credit cards available to start-up businesses. It comes with a variety of benefits, including a substantial initial bonus, purchase protection, as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any APR introductory promotions to be found, and the spending limit may be too low for your company. Furthermore, it’s not the most generous point-earning system.
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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 as well as primary coverage for car rental and a shopping insurance. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in specific categories and you’ll earn three points per dollar. For example, if you charge $500 in purchases to your card during the first three months, you’ll be eligible for an initial bonus of 100,000 points.
Divvy is a good option for entrepreneurs who are starting their business and seeking an enterprise card. This type of credit card provides many benefits and features. You can also track your business expenses with this card.
Divvy can be used with any accounting software that allows users to look at their financial expenses. The program allows you to create a budget, limit spending and even request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business financial situation and help you decide what amount of money you can spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to know the rate of the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest rates of interest for business loans. They also offer rewards. For example a Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Certain cards provide rewards for shopping and travelling and some can be used to improve your company’s credit score.
There are many credit card issuers you could choose from, such as Chase. But, you must consider the way you intend to make use of a specific credit card. It is essential to find the right business credit card that meets your needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. This card offers solid rewards on various purchase categories and even will pay for employees’ cell phone bills.