For those who are just beginning the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” Although the answer is yes but it can be confusing and overwhelming to apply for a business credit card. Here are a few points you should be aware of about the process of getting credit card.
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Brex offers a variety of financial products, including corporate credit cards as well as spend management and expense management software. Brex offers a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups establish their credit histories. It doesn’t charge interest and don’t have to provide a personal guarantee. Instead the applicants are evaluated on their financial model and spending habits.
Applicants can have up to 100 percent credit. The limit is determined by the amount of money that 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 significant rewards by using the Brex Corporate credit card. For instance, you’ll earn four points on trips booked through Brex 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 an expense management tool. The card provides a range of benefits, including a flat 1.5 percent cashback rate on all purchases. The card doesn’t have annual fees and doesn’t require any other requirements than an excellent credit score.
A low-interest business credit card is a great choice for those who are just starting out. You may also want to look into a credit card for business with additional protection.
A low-interest business credit cards are extremely convenient since you don’t have the worry of managing multiple cards or worrying about the amount of you can manage each month. This is particularly 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 designed for start-up businesses. It has many advantages, such as a huge sign up bonus and purchase protection along with travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promotions available, and the spending limit may be too low for your company. It’s also not the most effective point-earning option.
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On the other hand, the Ink Business Preferred Card offers many other beneficial features, including liability coverage in addition to primary car rental insurance as well as a shopping security. These benefits are ideal for small-scale business owners.
Additionally that, the Ink Business Preferred Card is a great opportunity to earn points. Spend in certain categories and earn 3 points for every dollar. In this instance, if you spend $500 on purchases to your card in the first three months, you’ll be awarded a 100,000 points welcome bonus.
If you’re a new business owner looking for an enterprise credit card you might want to consider Divvy. This type of card offers numerous benefits and features. You can also keep track of your business expenses using this card.
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 request funds. Divvy also allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards evaluate your business’s finances and determine the amount you should spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards offer an opportunity to secure the best interest rates on business loans, and they can also offer valuable rewards. For example a Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Some cards offer rewards for purchases and travel while others can be used to boost your credit score.
There are a myriad of credit card issuers you could pick from, including Chase. However, you should think about the way you intend to use a particular credit card. It is vital to find the right business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card gives you solid rewards for various categories of purchases and even will pay for employees’ mobile phone costs.