If you’re thinking of creating your own business, the first important question is “Can I get my business credit card?” The answer is a resounding yes but the process of getting the business credit card could be a bit overwhelming and confusing. Here are some points you should be aware of about the process of obtaining the credit card.
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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, also known as Brex for Startups is a credit card for start-ups that helps them build their credit history. Applicants don’t pay interest or have to provide an individual guarantee. Rather, applicants are evaluated by the business model of the company and spending habits.
Credit limits as high as 100 percent are permitted for applicants. The limit is determined by the amount of cash in the customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. For instance, you could earn four points on trips booked through Brex Travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as an expense management tool. It comes with a myriad of benefits including a standard 1.5 percent cash back rate on all purchases. There are no annual fees, and the card doesn’t have any other requirements, aside from having a high credit score.
A low-interest business credit card is a great choice for new businesses. A business credit line with additional security might be a possibility.
One of the primary advantages of a low-interest business credit card is that you don’t have to fret about juggling several cards or worrying about how much you’ll have to pay off every month. This is especially true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards available to start-up businesses. It has many benefits, including a substantial reward for signing up, purchase protection, as well as travel perks. It has some downsides.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any initial APR promos and the spending limit might not be suitable for your business. This isn’t the most efficient 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 coverage for car rentals, shopping protection, and primary car rental coverage. These benefits are perfect for small business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. For example, if you spend $500 on purchases made with your card in the first three months, you’ll be awarded a 100,000 points welcome bonus.
Divvy is an excellent choice for business owners who are just starting out seeking an enterprise card. This kind of card comes with numerous benefits and features. It also allows you to keep track of your business expenses.
Divvy can be used with any external accounting software that allows users to view their financial expenses. The program lets you set a budget, limit spending and request money. You can also set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards evaluate your business’s finances and determine how much you’ll need to spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is crucial to know the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the best rates of interest on business loans. They also offer rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Some cards offer rewards for purchases and travel and others can be used to boost your credit score.
There are numerous credit card issuers to pick from, including Chase. It is important to consider the way you intend to use the credit card. It is essential to select the correct business credit card that meets your requirements.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card offers solid rewards on a variety of purchase categories and even protects employees’ mobile phone bills.