For those who are starting a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however the process of obtaining a business credit card can be confusing and overwhelming. Here are some points you should be aware of about the process of obtaining a credit card.
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Brex 30
Brex offers a wide variety of financial services, including corporate credit cards as well as spend management and expense management software. It offers a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish credit histories. It doesn’t charge interest or provide a personal guarantee. Instead applicants are evaluated based on their business model and spending habits.
Credit limits up to 100 percent are permissible for applicants. The limit is determined by the amount that a customer has in their Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
You can earn valuable rewards when you use a Brex Corporate credit card. Brex Travel offers four points when you book travel. Additionally, you can earn 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 a spending management tool. The card offers a slew 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 except for having a credit score of at least.
For businesses that are just starting out benefiting from a business credit card with low interest could be very appealing. You may also want to look into a business credit card that provides additional security.
One of the main advantages of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you can afford to pay every month. This is particularly applicable if you’re planning to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for new companies. It provides many advantages, such as a huge sign up bonus, purchase protection, along with travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any initial APR promotions and the spending limit may not be appropriate for your company. In addition, it’s not exactly the most generous point-earning system.
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On the other side it is worth noting that the Ink Business Preferred Card offers several other valuable features, including liability coverage and primary car rental coverage as well as a shopping security. If you’re a small-sized business owner, you’ll surely benefit from these perks.
The Ink Business Preferred Card is another excellent method to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. In this case when you spend $500 on purchases to your card within the first three months, you’ll get a 100,000 point welcome bonus.
Divvy
If you’re a new business owner in search of a credit card for business, you may want to consider Divvy. This type of credit card provides many benefits and features. You can also keep track of your business expenses using this card.
Divvy can be used with accounting software and enables users to view their the financial expenses. The program lets you create a budget, restrict spending, and request funds. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your business financial situation and help you determine how much you should spend every month. As opposed to traditional business credit card, Divvy doesn’t require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. It is essential to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure most competitive interest rates for business loans, and also provide valuable rewards. For instance the Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Some cards offer rewards for purchases and travel, while others can be used to boost your credit score.
There are many credit card issuers you could pick from, including Chase. It is important to consider the method of use for the credit card. It is vital to locate the best business credit card for your needs.
Small business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. This card is a great way to earn rewards on different categories of purchases, and it even protects employees’ mobile phone bills.