If you’re thinking of creating your own business, the first important thing to consider is “Can I get my business credit card?” While the answer is yes but it can be daunting and confusing to apply for a business credit card. Here are some things to be aware of when applying for an credit card.
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Brex 30
Brex offers a variety of financial services including corporate credit cards as well as spend management and expense management software. It offers a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that can help startups establish their credit history. Applicants don’t pay interest and don’t need to provide personal guarantees. Rather, applicants are evaluated on the basis of their business model and spending habits.
Credit limits as high as 100 percent are permitted for applicants. This limit is by the amount of cash in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards with a Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also receive three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as an expense management tool. The card offers a variety of benefits, including a flat 1.5 percent cashback on all purchases. There are no annual fees, and the card doesn’t have other requirements aside from having a credit score of at least.
A business credit card with low interest is a great choice for businesses that are just starting out. A business credit card that comes with added security may be an option.
A business credit card with a low-interest rate are very convenient because you don’t have the worry of managing multiple cards or worrying about how much money you’ll have to pay each month. This is particularly applicable if you’re planning to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for new companies. It has many benefits, including a high sign-up bonus, purchase protection, along with travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR offers and the spending limit may not be appropriate 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 provides a range of useful features such as liability coverage primary coverage for car rentals shopping protection, as well as primary car rental coverage. These benefits are ideal for small business owners.
Moreover, the Ink Business Preferred Card is a great way to earn points. Spend in certain categories and earn three points per dollar. In this case for example, if you spend $500 on purchases to your card within the first three months, you will receive a 100,000 point welcome bonus.
Divvy
The Divvy is a great option for business owners in the beginning looking for an business card. The card comes with a range of benefits and features. It also lets you keep track of your business expenses.
Divvy is compatible with any external accounting software that allows users to see their financial expenses. The program lets you make a budget, limit spending, and request funds. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business’s finances and determine the amount you’ll need to spend each month. Unlike traditional business credit cards, Divvy doesn’t require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to know the rate of the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the best interest rates on business loans, and can also offer valuable rewards. For instance, a Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Some cards offer rewards for travel and shopping, while others are able to help build your credit score.
Apart from the top business credit cards from Chase and other credit card issuers you can use. However, you should consider the ways you will utilize a specific credit card. It is crucial to find the right corporate credit card for your requirements.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. The card provides solid rewards across a variety of categories and even covers employees’ mobile phone bills.