For those that are starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes, but the process of obtaining an enterprise credit card can be confusing and overwhelming. Here are some things you need to know about how to get the credit card you need.
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Brex provides a range of financial services including corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for new businesses.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish their credit history. The applicants don’t have to pay interest and don’t have to provide a personal guarantee. Instead, applicants are evaluated based on their business model and their spending habits.
Credit limits up to 100 percent are allowed for applicants. This limit is determined by the amount the customer has in their 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 valuable rewards on purchases. 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 also be used as a spending management tool. The card comes with a range of advantages, including a fixed 1.5 percent cashback on all purchases. There are no annual charges, and the card doesn’t require other requirements aside from a good credit score.
For a business that is just beginning one of the advantages of using a business credit card with low interest are a great deal. It is also possible to look into a business credit card with additional protection.
Business credit cards with low interest are very convenient because you don’t have the worry of managing multiple cards or worrying about how much you can manage each month. This is especially true when you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for startup businesses. It provides many advantages, such as a huge sign-up bonus as well as purchase protection as well as travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any promotional APR promotions to be found and the spending cap could be too low for your company. Moreover, it’s not the most generous points-earning option.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features, including liability coverage primary car rental coverage, shopping protection, and primary coverage for car rentals. These perks are perfect for small-scale business owners.
Furthermore 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 3 points per dollar you spend. For instance, if charge $500 in purchases to your credit card within the first three months, you’ll receive an initial bonus of 100,000 points.
The Divvy is a great option for entrepreneurs who are starting their business and looking for business cards. This type of credit card provides many benefits and features. You can also keep track of your business expenses by using this card.
Divvy can be integrated with any external accounting software that allows users to see their financial expenses. The program lets you create a budget, restrict spending and even request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also has a corporate card. These cards assess your business’ finances and help you decide what amount of money you can spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest interest rates for business loans. They also offer rewards. For example one card, the Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Certain cards provide rewards for travel and shopping, while others can be used to improve your credit score.
There are many credit card issuers to choose from, including Chase. You must also think about the way you intend to use the credit card. It is important that you locate the best business credit card to meet your requirements.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. This card offers solid rewards on various purchase categories and also covers cell phone bills.