If you’re starting an enterprise, one of 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 applying for an enterprise credit card can be confusing and overwhelming. Here are some tips to know about how to get the credit card you need.
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Brex 30
Brex offers a variety of financial services including corporate credit cards, spend management and expense management software. It provides an all-in-one financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups build their credit history. The applicants don’t have to pay interest or provide a personal guarantee. Instead the applicants are evaluated based on their company’s financial model and spending habits.
Applicants can have up to a 100 percent credit limit. This limit is determined by the amount of money that is in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. For instance, you can earn four points on travel booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a budget management tool. The card comes with a host of benefits including a flat 1.5 percent cash-back rate on all purchases. There are no annual fees, and the card doesn’t require other requirements except for an excellent credit score.
A business credit card with a low-interest rate is a great option for new businesses. It is also possible to consider a business credit card with additional protection.
A low-interest business credit cards are extremely convenient since you don’t have to worry of managing multiple credit cards or worrying about the amount of money you’ll be able to afford 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 well-known business credit cards for new businesses. It has many benefits, including a high sign-up bonus as well as purchase protection along with travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There are no introductory APR promotions available, and the spending cap may be too low for your business. It’s also not the most effective points-earning strategy.
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On the other side the Ink Business Preferred Card offers numerous other useful features, such as liability insurance and primary car rental coverage, and a shopping protection. If you’re a small-sized business owner, you’ll surely enjoy these benefits.
The Ink Business Preferred Card is another great way to earn points. If you make purchases in certain categories, you’ll earn 3 points for every dollar you spend. For example, if you charge $500 in purchases to your credit card during the first three months, then you’ll be rewarded with an initial bonus of 100,000 points.
Divvy
If you’re a new business owner looking for a business credit card you might want to think about Divvy. This card offers a variety of advantages and features. It also allows you to keep track of your business expenses.
Divvy is compatible with any accounting software to allow users to see their financial expenses. The program lets you set a budget, limit spending and even request money. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business finances and allow you to determine how much you can spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to be aware of the company’s rates before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure most favorable interest rates for business loans and provide valuable rewards. For example a Chase Ultimate Rewards business credit card can earn bonus points that can translate to cash back. Certain cards provide rewards for travel and shopping as well as other cards that can be used to increase your business’s credit.
Apart from the top business credit cards offered by Chase, there are other credit card issuers that are available to. You should also think about what you intend to do with the credit card. It is important that you locate the best corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card gives you solid rewards for various categories of purchases and even covers employees’ mobile phone costs.