If you are thinking of starting a business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is yes but the process of obtaining the business credit card could be overwhelming and confusing. Here are some tips to be aware of the process of getting an credit card.
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Brex 30
Brex offers a variety of financial services including corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups establish their credit histories. It doesn’t charge interest or have to provide an individual guarantee. Instead the applicants are evaluated based on their company’s financial model and spending habits.
Credit limits of up to 100 percent are allowed for applicants. The limit is determined by the amount customers have in their Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. Brex Travel offers four points for booking travel. You can also receive three points on dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spend management system. The card comes with a range of benefits, including a simple 1.5% cashback rate on all purchases. There are no annual charges, and the card does not have other requirements except for having a high credit score.
For a startup business, the benefits of using a business credit card with low interest could be very appealing. You may also look into a credit card for business that offers additional protection.
One of the main benefits of a business low-interest credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll have to pay every month. This is especially applicable if you’re planning to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It provides a wide range of benefits, such as a high sign-up bonus, purchase security, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR deals and the spend limit might not be suitable for your business. It’s also not the most effective points-earning feature.
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On the other side the Ink Business Preferred Card offers a lot of other useful features, including liability coverage, primary car rental coverage, and a shopping protection. These benefits are ideal for small business owners.
The Ink Business Preferred Card is another great method to earn points. If you make purchases in certain categories, you’ll earn 3 points per dollar you spend. For instance, if you add $500 worth of purchases to your card in the first three months, then you’ll be rewarded with an initial bonus of 100,000 points.
Divvy
Divvy is an excellent choice for business owners who are just starting out seeking business cards. This kind of card comes with various benefits and features. You can also monitor your business expenses with this card.
Divvy can be integrated alongside any other accounting software that allows users to monitor their financial expenses. You can create budgets, set the limits, and request money. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for companies. These cards evaluate your business’s finances and determine the amount you can spend every 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 essential to understand the company’s rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most competitive interest rates for business loans and provide valuable rewards. For instance one card, the Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Some cards offer rewards for shopping and travel and others are able to help build your credit score.
There are a myriad of credit card issuers that you can pick from, including Chase. However, you should consider the ways you will make use of a specific credit card. It is essential to locate the best corporate credit card for your requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent option. The card gives you solid rewards for various categories of purchases as well as will pay for employees’ cell phone bills.