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 the answer is yes but it can be challenging and overwhelming to apply for an enterprise credit card. Here are a few tips to be aware of the process of applying for the credit card.
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Brex 30
Brex provides a variety of financial services, such as corporate credit cards, spend management, and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is a credit card that helps startups establish credit histories. The cardholders don’t have to pay any interest and don’t need to offer personal guarantees. Instead, applicants are evaluated by the business model of the company and spending patterns.
Customers can get up to a 100 percent credit limit. This limit is determined 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 valuable rewards with a Brex Corporate credit card. For instance, you can earn four points when you travel booked through Brex Travel. Additionally, you can earn three points on dining.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a spend management tool. The card comes with a range of advantages, including a fixed 1.5 percent cashback rate on all purchases. There are no annual fees and the card doesn’t have other requirements except for having a high credit score.
A low-interest business credit card is a great choice for businesses that are just starting out. A business credit card that comes with additional security could be a possibility.
Business credit cards with low interest are very convenient because you don’t have to worry of managing multiple credit cards or worrying about how much money you’ll be able to afford each month. This is particularly applicable if you’re planning to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards designed for entrepreneurs. It comes with a range of benefits, like an impressive sign-up 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 introductory APR offers and the spending limit may not be appropriate for your company. Moreover, it’s not the most generous points-earning option.
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On the other side however, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance, primary car rental coverage and a shopping protection. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. If you make purchases in certain categories, you’ll earn 3 points per dollar you spend. For instance, if you make a purchase of $500 to your card during the first three months, then you’ll be rewarded with an initial bonus of 100,000 points.
Divide
The Divvy card is a great choice for startup business owners seeking business cards. This card has a variety of advantages 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 see their financial expenses. The program lets you create a budget, restrict spending, and request funds. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your business’ finances and help you determine how much you’ll need to invest 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 crucial to learn about the rates offered by the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best 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 traveling while others can be used to help to build credit for your business.
Aside from the best business credit cards offered by Chase but there are many other credit card issuers you can use. You should also consider how you will use the credit card. It is important that you choose the appropriate business credit card for your needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. The card provides solid rewards for various categories of purchases and even will pay for employees’ mobile phone expenses.