For those who are just beginning a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While there is a yes answer it can be difficult and confusing to apply for a business credit card. Here are a few things to know about how to get an credit card.
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Brex offers a variety of financial products, including corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. Applicants don’t pay interest or require an individual guarantee. Instead, applicants are evaluated on the basis of their business model and spending habits.
Credit limits of up 100 percent are permissible for applicants. The limit is determined by the amount 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 rewards with the Brex Corporate credit card. For instance, you could earn four points on trips booked through Brex Travel. Additionally, you can earn three points on dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a spending management tool. The card offers a slew of benefits, including a flat 1.5 percent cash back rate on all purchases. There are no annual fees and the card doesn’t have other requirements, aside from an excellent credit score.
For a startup business it is possible to reap the benefits of a business credit card with low interest could be very appealing. A business credit line with additional security could be a good option.
A business credit card with a low-interest rate are very convenient because you don’t have to worry of managing multiple credit cards or worrying about how much money you’ll have to pay each month. This is especially true if you’re looking to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It comes with a variety of advantages, including a large reward for signing up and purchase protection along with travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR promotions to be found, and the spending limit could be too low for your business. This isn’t the most efficient points-earning program.
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The Ink Business Preferred Card, on the other hand provides a range of useful features such as liability coverage as well as primary car rental coverage shopping protection, and primary coverage for car rentals. If you’re a small business owner, you’ll surely benefit from these benefits.
The Ink Business Preferred Card is another great way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For example, if you charge $500 in purchases to your credit card during the first three months, you’ll get an offer of 100,000 points.
If you’re a new business owner in search of a credit card for business you might want to look into Divvy. The card comes with a range of benefits and features. It also lets you track your business expenses.
Divvy is compatible with external accounting software that allows users to easily view the financial expenses. You can create budgets, set limits on spending and request money. Divvy also allows you to set an expense limit for your employees.
Divvy also offers corporate cards. These cards look at your company’s financial situation and decide on how much you’ll need to spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to be aware of the company’s rates before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most favorable rates of interest on business loans. They also offer rewards. For instance, a Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Certain cards provide rewards for travel and shopping, and others can be used to increase your business’s credit.
In addition to the top business credit cards from Chase, there are other credit card issuers that you can turn to. However, you must think about the manner in which you utilize a specific credit card. It is essential to choose the appropriate business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card gives you solid rewards across a variety of categories and even covers mobile phone expenses.