For those that are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes, but the process of getting an official business credit card can be overwhelming and confusing. Here are some things you should know about the process of obtaining the credit card.
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Brex offers a variety of financial services like corporate credit cards along with spend management and expense management software. Brex offers a comprehensive financial solution for startups.
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 need to provide an individual guarantee. Instead, applicants are evaluated by company business model and spending habits.
Credit limits of up 100 percent are allowed for applicants. The limit is determined by the amount of money that is in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards by using a Brex Corporate credit card. For instance, 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 small business credit card that can be used as a spend management tool. The card comes with a variety of benefits including a standard 1.5 percent cash-back rate on all purchases. The card has no annual fees and does not have any other conditions other than an excellent credit score.
If you are a new business it is possible to reap the benefits of a business credit card that is low-interest are a great deal. A business credit card that comes with additional protection may be a possibility.
One of the most important benefits of a business low-interest credit card is that you don’t have to worry about managing multiple cards or worrying about the amount you can afford to pay off each month. This is especially true when you are looking to finance large 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 has many advantages, including a large reward for signing up and purchase protection and travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promotions to be found, and the spending cap may be too low for your business. Furthermore, it’s not the most generous points-earning program.
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The Ink Business Preferred Card, however, offers many other useful features such as liability coverage, primary coverage for car rentals shopping protection, as well as primary coverage for rental cars. These perks are great for small business owners.
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 example, if you add $500 worth of purchases to your card during the first three months, you’ll be eligible for an initial bonus of 100,000 points.
The Divvy is a great option for business owners who are just starting out looking for a business card. This type of card comes with a range of benefits and features. It also allows you to monitor your business expenses.
Divvy is compatible with external accounting software, and allows users to easily view the financial expenses. The software lets you create a budget, restrict spending, and request funds. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards look at your company’s finances and decide how much you should spend each month. Contrary to traditional business credit cards, Divvy does NOT require a personal guarantee.
However, Divvy does not disclose any interest rates on its website. It is important to find out the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most competitive interest rates for business loans and offer valuable rewards. For instance, a Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for shopping and travelling as well as other cards that can be used to help increase your business’s credit.
There are a myriad of credit card issuers you can choose from, such as Chase. It is important to consider the way you intend to use the credit card. It is important to find a business credit card that will meet your particular needs.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card offers solid rewards for a variety of purchase categories and even covers mobile phone bills.