If you’re starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes however the process of obtaining an official business credit card can be overwhelming and confusing. Here are some things you need to be aware of before obtaining the credit card you need.
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Brex provides a broad range of financial services, including corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution to startups.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them build their credit history. The applicants don’t have to pay interest or require personal guarantees. Instead, applicants are evaluated based on their company’s financial model and spending habits.
Users can get 100 percent credit limit. This limit is determined based on the amount of cash in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards with the Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spend management tool. The card offers a variety of benefits, including a flat 1.5 percent cashback on all purchases. The card is free of annual fees and doesn’t have any other requirements other than a good credit rating.
A business credit card with low interest is a great option for those who are just starting out. You might also look into a credit card for business with additional protection.
One of the key advantages 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 can afford to pay off every month. This is particularly true if you’re 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 for new businesses. It offers many benefits, including a high sign up bonus along with purchase protection, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be perfect. There are no introductory APR promotions to be found, and the spending cap could be too low for your business. This isn’t the most efficient points-earning program.
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On the other side, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage in addition to primary car rental insurance and a shopping insurance. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent way to earn points. When you spend money in certain categories, you’ll earn three points per dollar you spend. For example, if you add $500 worth of purchases to your card in the first three months, then you’ll be rewarded with a welcome bonus of 100,000 points.
Divvy is a good option for business owners in the beginning seeking a business card. This type of card offers a range of benefits and features. It also lets you keep track of your business expenses.
Divvy can be used with any external accounting software to allow users to monitor their financial expenses. You can then create a budget, set limits on spending and request money. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card. These cards evaluate your business’ finances and help you decide on how much you’ll need to invest each month. Unlike traditional business credit cards, Divvy does not require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to know the rate of the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards are a way to secure the best rates of interest on business loans, and they are also able to provide useful rewards. For example the Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Certain cards provide rewards for travel and shopping while others can be used to help increase your business’s credit.
Aside from the best business credit cards from Chase, there are other credit card issuers you can use. However, you should consider the manner in which you use a particular credit card. It is important to select an enterprise credit card that is suitable for your particular needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card an excellent option. This card offers solid rewards on various purchase categories, and it even protects employees’ mobile phone bills.