If you’re starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes, but the process of applying for an enterprise credit card can be confusing and overwhelming. Here are some things you need to be aware of before obtaining an credit card.
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Brex 30
Brex offers a variety of financial services including corporate credit cards, spend management and expense management software. Brex provides a complete financial solution for new businesses.
The Brex Card, or Brex for Startups, is an credit card that assists entrepreneurs build credit histories. The applicants don’t have to pay interest or need to provide a personal guarantee. Instead applicants are evaluated on their business model and their spending habits.
Credit limits up to 100 percent are allowed for applicants. The limit is determined by the amount of money that a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards with the Brex Corporate credit card. Brex Travel offers four points for booking travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a budget management tool. The card comes with a range of advantages, including a fixed 1.5 percent cashback on all purchases. There are no annual fees, and the card does not have other requirements other than an excellent credit score.
A business credit card with a low-interest rate is a great choice for new businesses. It is also possible to consider a business credit card that provides additional security.
One of the key advantages of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you can afford to pay 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 popular business credit cards that are designed for startups. It offers a variety of benefits, including an excellent sign-up bonus purchase protection, as well as travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card may not be perfect. There are no introductory APR promotions and the spending limit may not be appropriate for your business. It’s also not the best points-earning strategy.
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The Ink Business Preferred Card, on the other hand, offers many other useful features like liability insurance, primary coverage for car rentals, shopping protection, and primary coverage for car rentals. These perks are great for small business owners.
The Ink Business Preferred Card is another great way to earn points. Spend in specific categories and you’ll earn three points per dollar. For instance, if charge $500 in purchases to your card during the first three months, you’ll receive an initial bonus of 100,000 points.
Divide
If you’re a startup business owner looking for an account for business credit you might want to look into Divvy. This type of card offers many advantages and features. It also lets you monitor your business expenses.
The Divvy app can be used with any accounting software to allow users to see their financial expenses. The software 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 look at your company’s finances and decide how much you’ll have to spend each month. As opposed to traditional business credit card, Divvy does not require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to learn about the rates offered by the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure best rates of interest on business loans and offer valuable rewards. For example, a Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Certain cards provide rewards for shopping and traveling as well as other cards that can be used to help to build credit for your business.
There are a myriad of credit card issuers you could choose from, including Chase. You must also think about how you will use the credit card. It is important to select the best business credit card that is suitable for your specific needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. This card provides solid rewards on a variety of purchase categories and even will pay for employees’ cell phone bills.