If you’re thinking of starting your own business, the first important question to ask is “Can I get my business credit card?” While there is a yes answer it can be a bit challenging and overwhelming to apply for a business credit card. Here are some points you should be aware of about the process of applying for an credit card.
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Brex offers a variety of financial products, including corporate credit cards spending management, as well as expense management software. It offers a complete financial solution to startups.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build their credit history. Applicants don’t pay interest and don’t need to offer an individual guarantee. Instead, applicants are rated by the business model of the company and spending habits.
Credit limits up to 100 percent are allowed for applicants. This limit is determined by the amount the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards when you use a Brex Corporate credit card. For instance, you can get four points on travel booked through Brex Travel. Additionally, you can earn three points when 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 an expense management tool. The card offers a variety of benefits, including a simple 1.5 percent cashback on all purchases. The card is free of annual fees and doesn’t have any other qualifications other than having a credit score of at least.
For a startup business, the benefits of using a business credit card with low interest could be very appealing. You might also look into a business credit card that provides additional security.
One of the key advantages of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about the amount you can afford to pay every month. This is particularly relevant if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It has many advantages, such as a huge initial bonus and purchase protection as well as travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any introductory APR promotions available, and the spending limit could be too low for your company. It’s not the most efficient points-earning feature.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features, such as liability coverage as well as primary coverage for car rentals shopping protection, as well as primary car rental coverage. These perks are great for small business owners.
Additionally that, the Ink Business Preferred Card is an excellent method 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 be eligible for an initial bonus of 100,000 points.
If you’re a start-up business owner looking for an enterprise credit card you might want to consider Divvy. This type of card comes with a range of advantages and features. You can also keep track of your business expenses using this card.
Divvy integrates with other accounting software that allows users to easily monitor the financial expenses. You can create budget, set limits on spending and request money. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also offers corporate cards. These cards evaluate your business’s finances and decide how much you can spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest rates of interest for business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Some cards offer rewards for shopping and travelling and some can be used to help improve your company’s credit score.
Aside from the best business credit cards offered by Chase and other credit card issuers that you can turn to. You should also consider what you intend to do with the credit card. It is essential to select the correct business credit card to meet your needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card offers solid rewards across a variety of categories and even covers employees’ mobile phone costs.