If you are thinking of creating your own business, the most important question you should ask yourself is “Can I get my business credit card?” Although there is a yes answer but it can be challenging and overwhelming to apply for a business credit card. Here are some things you need to be aware of before obtaining an credit card.
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Brex provides a range of financial services , including corporate credit cards along with spend management and expense management software. It offers a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups establish their credit histories. Applicants don’t pay interest or provide an individual guarantee. Instead the applicants are evaluated on their financial model and spending habits.
Customers can get up to a 100 percent credit limit. The limit is based on the amount of cash in the customer’s Brex Cash account. Every day the Brex Card draws from the account to determine the limit of its spending.
You can earn valuable rewards when you use a Brex Corporate credit card. For example, you can earn four points when you travel booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and a spend management tool. The card offers a variety of benefits, including a flat 1.5 percent cashback rate on all purchases. There are no annual charges, and the card does not have other requirements aside from a good credit score.
For a startup business it is possible to reap the benefits of a business credit card that is low-interest can be extremely appealing. It is also possible to look into a business credit card that provides additional security.
A low-interest business credit cards 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 if you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards designed for entrepreneurs. It provides a wide range of advantages, including an impressive sign-up bonus, purchase protection, and travel perks. However, it has several drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There are no introductory APR offers and the spending limit may not be appropriate for your company. It’s also not the best points-earning feature.
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The Ink Business Preferred Card, on the other hand, offers many other useful features such as liability coverage, primary car rental coverage shopping protection, and primary coverage for car rental. These perks are great for small-scale business owners.
Additionally that, the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories and earn three points per dollar. In this example when you spend $500 on purchases on your card within the first three months, you will get a 100,000 point welcome bonus.
If you’re a start-up business owner in search of a business credit card you might want consider Divvy. The card comes with a range of advantages and features. You can also keep track of your business expenses using this card.
The Divvy app can be used with any accounting software to allow users to look at their financial expenses. The program lets you create a budget, limit spending, and request funds. It also lets you set a spending limit for your employees.
Divvy also has corporate cards. These cards review your company’ finances and help you decide on how much 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’s important to know the rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most favorable interest rates for business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash or cash back. Certain cards provide rewards for shopping and travel, while others are able to help build your credit score.
Aside from the best business credit cards from Chase but there are many other credit card issuers you can turn to. You should also consider the method of use for the credit card. It is crucial to choose the best business credit card that is suitable for your particular needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card gives you solid rewards on different categories of purchases and also covers cell phone bills.
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