If you’re thinking of creating your own business, the first important thing to consider is “Can I get my business credit card?” The answer is a resounding yes however the process of getting the business credit card could be confusing and overwhelming. Here are some things you need to be aware of before obtaining credit card.
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Brex provides a variety of financial services, including corporate credit cards and spend management as well as expense management software. Brex provides a complete financial solution to startups.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups establish their credit histories. Applicants don’t pay interest or provide personal guarantees. Instead applicants are evaluated based on their company’s business model and spending habits.
Credit limits as high as 100 percent are permitted for applicants. This limit is determined by the amount of money a customer has in their Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
You can earn rewards when you use a Brex Corporate credit card. Brex Travel offers four points to book travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as an expense management tool. It offers a wide range of benefits, including a simple 1.5% cashback rate on all purchases. There are no annual charges, and the card doesn’t have other requirements other than a good credit score.
A low-interest business credit line is a great choice for those who are just starting out. It is also possible to consider a business credit card which offers additional security.
A business credit card with a low-interest rate are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about how much money you’ll be able to afford each month. This is especially true when you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for new businesses. It comes with a range of advantages, including an impressive sign-up bonus, purchase protection, and travel benefits. However, it has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR promotions available, and the spending limit could be too low for your business. It’s also not the best points-earning feature.
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The Ink Business Preferred Card, however, offers many other useful features, including liability coverage, primary coverage for car rentals shopping protection, as well as primary coverage for rental cars. If you’re a small-sized business owner, you’ll surely get these benefits.
Furthermore it is worth noting that the Ink Business Preferred Card is an excellent way to earn points. Spend in certain categories , and you’ll earn three points per dollar. For instance, if make a purchase of $500 to your card during the first three months, you’ll receive a welcome bonus of 100,000 points.
Divvy is a good option for business owners in the beginning looking for an business card. The card comes with a range of advantages and features. It also lets you monitor your business expenses.
Divvy is compatible with external accounting software, and allows users to easily view the financial expenses. The software allows you to create a budget, limit spending and even request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has corporate cards. These cards review your company financial situation and help you determine how much you should spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards offer the chance to secure highest interest rates for business loans, and they can also offer useful rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash back. Some cards offer rewards for shopping and travel while others can be used to boost your credit score.
There are a variety of credit card issuers that you can choose from, including Chase. However, you must think about the way you intend to make use of a particular credit card. It is crucial to choose an enterprise credit card that will meet your particular needs.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card a fantastic option. The card is a good option for earning rewards across a variety of categories and even will pay for employees’ mobile phone bills.