For those who are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes however the process of applying for a business credit card can be a bit overwhelming and confusing. Here are some things to be aware of before obtaining an credit card.
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Brex provides a range of financial services like corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build their credit history. The applicants don’t have to pay interest and don’t need to provide personal guarantees. Instead the applicants are evaluated based on their company’s business model and spending habits.
The applicants can enjoy up to 100 percent credit limit. This limit is determined by the amount of money customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards when you use the Brex Corporate credit card. For example, you can get four points on travel booked through Brex Travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a budget management tool. The card provides a range of advantages, including a fixed 1.5 percent cashback rate on all purchases. The card doesn’t have annual fees and doesn’t require any other qualifications other than having a high credit score.
For a business that is just beginning benefiting from a low-interest business credit card can be extremely appealing. A business credit card that comes with additional protection may be an option.
One of the key features of a low-interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll have to pay off each month. This is particularly true if you’re looking to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It has many benefits, including a high sign-up bonus and purchase protection along with travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any promotional APR deals and the spend limit might not be suitable for your company. Furthermore, it’s not the most generous point-earning system.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features such as liability coverage as well as primary coverage for car rentals shopping protection, and primary coverage for car rental. These perks are great for small business owners.
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 example, if you charge $500 in purchases to your card in the first three months, you’ll be eligible for a welcome bonus of 100,000 points.
If you’re a business owner in search of an account for business credit you might want look into Divvy. This card has a variety of advantages and features. It also allows you to keep track of your business expenses.
Divvy is compatible with external accounting software and enables users to easily monitor the financial expenses. The program allows you to set a budget, limit spending and even request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. These cards look at your company’s financial situation and decide on how much you can 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 interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards offer a way to secure the best rates of interest on business loans. They can also provide valuable rewards. For example one card, the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for shopping and travel while others can be used to boost your credit score.
Apart from the top business credit cards from Chase but there are many other credit card issuers are available to. However, you must think about the manner in which you utilize a specific credit card. It is vital to locate the best business credit card that meets your needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card an excellent option. This card gives you solid rewards for a variety of purchase categories and even will pay for employees’ mobile phone bills.