For those who are starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes, but the process of getting a business credit card can be overwhelming and confusing. Here are some things you should know about the process of getting the credit card.
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Brex offers a wide variety of financial services, such as corporate credit cards, spend management, and expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is an account that helps startups build their credit history. The cardholders don’t have to pay any interest or provide an individual guarantee. Instead applicants are evaluated on their company’s business model and their spending habits.
Users can get 100 percent credit. The limit is determined by the amount a 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 by using the Brex Corporate credit card. For instance, you could earn four points when you travel booked through Brex Travel. Additionally, you can earn three points for dining out.
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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 comes with a host of benefits, including a fixed 1.5 percent cash back rate on all purchases. The card doesn’t have annual fees and doesn’t require any other requirements than having a high credit score.
For a startup business it is possible to reap the benefits of the low-interest business credit cards could be very appealing. A business credit line with added security may be an option.
A low-interest business credit card are very convenient because you’re not burdened with the stress of managing multiple credit cards or worrying about the amount of you can manage each month. This is particularly true if you’re looking to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for new businesses. It offers many advantages, such as a huge sign up bonus along with purchase protection, as well as travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be perfect. There aren’t any APR introductory promotions to be found and the spending limit may be too low for your business. It’s also not the best points-earning program.
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The Ink Business Preferred Card, however provides a range of useful features like liability insurance primary car rental coverage shopping protection, and primary coverage for rental cars. If you’re a small business owner, you’ll surely benefit from these perks.
Additionally, the Ink Business Preferred Card is an excellent opportunity to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. For instance, if you add $500 worth of purchases to your card during the first three months, you’ll get the welcome bonus of 100,000 points.
If you’re a start-up business owner looking for a business credit card you might want to think about Divvy. This kind of card comes with a range of benefits and features. You can also monitor your business expenses with this card.
Divvy works with external accounting software that allows users to quickly view financial expenses. The program lets you 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 a corporate card. These cards review your company financial situation and help you determine how much you’ll need to spend every month. Contrary to traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure most favorable rates of interest for business loans, and also provide valuable rewards. For example one card, the Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Some cards offer rewards for purchases and travel, while others can be used to build your credit score.
There are a variety of credit card issuers that you can pick from, including Chase. You should also consider what you intend to do with the credit card. It is essential to locate the best business credit card to meet your requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. This card provides solid rewards on various purchase categories and even will pay for employees’ cell phone bills.