For those who are just beginning an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes, but the process of obtaining an official business credit card can be a bit overwhelming and confusing. Here are a few things you need to know about the process of getting credit card.
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Brex offers a variety of financial services , including corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish credit histories. Applicants don’t pay interest or provide an individual guarantee. Instead the applicants are evaluated on their business model and spending habits.
Applicants can have up to 100 percent credit limit. This limit is determined by the amount of cash in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and a spend management solution. The card comes with a host of benefits, including a flat 1.5 percent cash back rate on all purchases. The card has no annual fees and doesn’t have any other requirements other than a good credit rating.
A low-interest business credit card is a great choice for startups. A business credit card with additional protection may be a good option.
One of the primary benefits of a business low-interest credit card is that you don’t need to worry about managing multiple cards or worrying about how much you can afford to pay every month. This is especially applicable if you’re planning to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for new companies. It comes with a range of benefits, including the highest sign-up bonus, purchase protection, and travel perks. It has some downsides.
The Ink Business Preferred Card may not be perfect. There aren’t any initial APR offers and the spending limit might not be suitable for your company. Furthermore, it’s not the most generous point-earning system.
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On the other side however, the Ink Business Preferred Card offers several other valuable features, such as liability insurance and primary car rental coverage as well as a shopping security. These benefits are ideal for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. For example, if you add $500 worth of 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 start-up business owner in search of an account for business credit, you may want to think about Divvy. This type of credit card provides a range of advantages and features. It also allows you to track your business expenses.
The Divvy app can be used alongside any other accounting software to allow users to see their financial expenses. The program lets you create a budget, limit spending, and request funds. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also offers a corporate card. These cards assess your company’s finances and determine how much you’ll have to spend each month. Unlike traditional business credit cards, Divvy does not require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest rates of interest for business loans and offer valuable rewards. For example one card, the Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for shopping and traveling as well as other cards that can be used to help build your business’s credit.
Apart from the top business credit cards offered by Chase, there are other credit card issuers that are available to. However, you must think about the manner in which you make use of a particular credit card. It is vital to choose the appropriate business credit card to meet your requirements.
Small business owners will find the Ink Business Preferred(r), Credit Card a great option. The card gives you solid rewards on different categories of purchases as well as covers employees’ cell phone bills.