For those who are just beginning a business, one 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 getting a business credit card can be confusing and overwhelming. Here are some things you need to learn about getting the credit card you need.
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Brex offers a variety of financial services , including corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build their credit score. It doesn’t charge interest and don’t have to provide a personal guarantee. Instead, applicants are evaluated by company business model and spending habits.
Users can get 100 percent credit limit. The limit is determined by the amount the customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
You can earn rewards with the Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management system. The card offers a slew of benefits including a flat 1.5% cash back rate on all purchases. The card has no annual fees and doesn’t require any other qualifications other than an excellent credit score.
For a startup business, the benefits of using a business credit card with low interest are a great deal. It is also possible to consider a business credit card with additional protection.
A low-interest business credit card are extremely convenient since 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 are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards for startups. It comes with a range of benefits, such as an excellent sign-up bonus purchase protection, and travel benefits. However, it has several drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any introductory APR promotions to be found, and the spending limit could be too low for your business. Furthermore, it’s not the most generous point-earning system.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features, such as liability coverage primary car rental coverage, shopping protection, and primary car rental coverage. These benefits are perfect for small business owners.
Moreover it is worth noting that the Ink Business Preferred Card is a great way to earn points. When you spend in certain categories, you can earn three points per dollar you spend. For instance, if you charge $500 on purchases to your credit card within the first three months, you’ll be eligible for a welcome bonus of 100,000 points.
Divvy is a good option for startup business owners seeking a business card. This type of card offers various benefits and features. It also lets you keep track of your business expenses.
Divvy works with external accounting software that allows users to view their financial expenses. You can then create budget, set maximum limits and request money. Additionally, Divvy lets you set an expense limit for your employees.
Divvy also offers corporate cards. These cards look at your company’s finances and determine how much you should spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards are the chance to secure best rates of interest on business loans. They can also offer useful rewards. For example a 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 select from, including Chase. However, you should consider the manner in which you make use of a particular credit card. It is crucial to choose the best business credit card that meets your specific requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card gives you solid rewards for various categories of purchases and even will pay for employees’ mobile phone bills.
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