If you’re thinking about starting an enterprise, the most important question is “Can I get my business credit card?” The answer is yes but the process of getting an enterprise credit card can be a bit overwhelming and confusing. Here are some tips to be aware of before obtaining the credit card you need.
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Brex provides a variety of financial services, including corporate credit cards, spend management, and expense management software. Brex provides a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit history. Applicants don’t pay interest and don’t need to provide personal guarantees. Instead, applicants are rated on the basis of their business model and spending patterns.
Credit limits of up to 100 percent are available to applicants. The limit is determined by the amount of money customers have in their Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. For instance, you’ll earn four points on trips booked through Brex Travel. You can also receive three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management solution. It comes with a myriad of benefits, including a fixed 1.5% cash back rate on all purchases. The card doesn’t have annual charges and doesn’t need any other requirements than a good credit rating.
A business credit card with low interest is a great option for those who are just starting out. A business credit line with additional security could be a viable option.
A business credit card with a low-interest rate 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 especially true if 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 that are designed for startups. It provides a wide range of benefits, such as an excellent sign-up bonus purchase protection, and 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 cap could be too low for your company. It’s also not the best points-earning program.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features, such as liability coverage and primary coverage for car rentals shopping protection, and primary coverage for rental cars. These perks are great for small business owners.
Moreover that, the Ink Business Preferred Card is an excellent opportunity to earn points. When you spend money in certain categories, you’ll earn three points per dollar you spend. In this instance for example, if you spend $500 on purchases to your card within the first three months, you’ll be awarded a 100,000 points welcome bonus.
If you’re a business owner looking for an account for business credit, you may want to consider Divvy. This type of card offers numerous benefits and features. You can also monitor your business expenses with this card.
The Divvy app can be used with any accounting software that allows users to look at their financial expenses. You can create budgets, set limits, and request funds. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also has corporate cards. These cards review your company finances and assist you to determine how much you can spend every 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 important to find out the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best interest rates for business loans and offer valuable rewards. For example a Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for travel and shopping as well as other cards that can be used to help improve your company’s credit score.
Aside from the best business credit cards from Chase but there are many other credit card issuers you can use. You should also consider what you intend to do with the credit card. It is important to select a business credit card that suits your specific needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card provides solid rewards across a variety of categories and even will pay for employees’ mobile phone expenses.