If you’re thinking about creating an enterprise, the most important question to ask is “Can I get my business credit card?” The answer is yes, but the process of applying for a business credit card can be a bit overwhelming and confusing. Here are a few things you need to know about the process of getting an credit card.
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Brex 30
Brex offers a wide variety of financial services, including corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build credit histories. Applicants don’t pay interest or provide an individual guarantee. Instead, applicants are rated on the basis of their business model and spending habits.
Customers can get up to a 100 percent credit limit. This limit is determined by the amount of money the customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. Brex Travel offers four points when you book travel. You can also earn three points for dining out.
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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 comes with a variety of benefits, including a fixed 1.5 percent cash-back rate on all purchases. The card does not have annual charges and doesn’t need any other requirements than an excellent credit score.
For a startup business benefiting from a business credit card with low interest are a great deal. You might also look into a business credit card which offers additional security.
One of the primary features of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll be able to pay off every month. This is particularly important if you’re trying to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for new businesses. It offers a variety of benefits, such as a high sign-up bonus, purchase protection, and travel benefits. However, it also has some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any promotional APR offers and the spending limit may not be appropriate for your company. It’s also not the most effective points-earning strategy.
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On the other hand, the Ink Business Preferred Card offers several other valuable features, such as liability insurance in addition to primary car rental insurance and a shopping protection. If you’re a small business owner, you’ll surely enjoy these benefits.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For instance, if charge $500 on purchases to your card in the first three months, you’ll receive an initial bonus of 100,000 points.
Divvy
The Divvy card is a great choice for business owners who are just starting out looking for an enterprise card. This type of credit card provides various advantages and features. You can also keep track of your business expenses using this card.
Divvy is compatible with external accounting software, allowing users to quickly view financial expenses. The software allows you to create a budget, limit spending and even request money. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also offers corporate cards. These cards evaluate your business finances and allow you to decide what amount of money you should spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be a way to secure the best interest rates on business loans, and are also able to provide useful rewards. For example the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for shopping and traveling, and others can be used to help improve your company’s credit score.
There are a variety of credit card issuers you can pick from, including Chase. You should also think about how you will use the credit card. It is essential to locate the right business credit card that is suitable for your specific requirements.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. The card provides solid rewards for various purchase categories and even will pay for employees’ mobile phone expenses.