For those who are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While the answer is yes it can be a bit difficult and confusing to apply for an enterprise credit card. Here are some things you should know about the process of obtaining a credit card.
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Brex 30
Brex provides a variety of financial services, including corporate credit cards and spend management as well as expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. The applicants don’t have to pay interest or have to provide a personal guarantee. Instead, applicants are evaluated based on their business model and spending habits.
Credit limits as high as 100 percent are allowed for applicants. This limit is determined by the amount the customer has in their Brex Cash account. Every day the Brex Card draws from the account to determine the limit of its spending.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. Brex Travel offers four points for booking travel. You can also receive three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a spending management tool. It comes with a myriad of benefits, including a flat 1.5 percent cash-back rate on all purchases. There are no annual fees, and the card doesn’t have other requirements, aside from having a high credit score.
For a business that is just beginning it is possible to reap the benefits of a business credit card with low interest can be extremely appealing. A business credit line with additional protection may be a viable option.
Business credit cards with low interest are extremely convenient since you don’t have the worry of managing multiple cards or worrying about how much money you can afford each month. This is especially applicable if you’re planning to finance large expenditures.
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 offers a variety of benefits, including an excellent sign-up bonus purchase protection, and travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any initial APR promotions and the spending limit might not be suitable for your business. It’s also not the most effective points-earning program.
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On the other side the Ink Business Preferred Card offers numerous other useful features, such as liability insurance in addition to primary car rental insurance, and a shopping protection. These perks are great for small business owners.
Moreover to that, the Ink Business Preferred Card is an excellent method to earn points. When you spend in certain categories, you can earn 3 points per dollar you spend. In this example when you spend $500 on purchases on your card within the first three months, you will receive a 100,000-point welcome bonus.
Divide
The Divvy is a great option for startup business owners seeking business cards. This card has a variety of advantages and features. You can also track your business expenses with this card.
Divvy works with external accounting software, allowing users to easily monitor financial expenses. The program allows you to create a budget, restrict spending, and request funds. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card. These cards analyze your business finances and allow you to decide what amount of money you’ll need to spend every month. Unlike traditional business credit cards, Divvy does not require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards are a way to secure the most favorable interest rates on business loans, and can also offer useful rewards. For instance one card, the Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash. Certain cards provide rewards for travel and shopping, while others can be used to build your credit score.
There are a myriad of credit card issuers you can pick from, including Chase. However, you should think about the way you intend to utilize a specific credit card. It is vital to choose the appropriate business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. The card is a good option for earning rewards for various purchase categories and even will pay for employees’ mobile phone expenses.