If you are thinking of creating a business, the most important question to ask is “Can I get my business credit card?” The answer is yes however the process of obtaining a business credit card can be a bit overwhelming and confusing. Here are some things you need to know about how to get the credit card you need.
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Brex 30
Brex offers a variety of financial products, including corporate credit cards, spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build credit histories. It doesn’t charge interest or require personal guarantees. Instead, applicants are assessed by the company’s business model and spending patterns.
The applicants can enjoy up to 100 percent credit limit. The limit is determined by the amount of cash in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards with the Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also receive three points when dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spending management solution. The card comes with a host of benefits including a flat 1.5% cash back rate on all purchases. The card doesn’t have annual fees and doesn’t have any other requirements other than having a high credit score.
A low-interest business credit card is a great option for businesses that are just starting out. It is also possible to look into a credit card for business with additional protection.
Business credit cards with low interest are very convenient because you don’t have to worry of managing multiple credit cards or worrying about how much money you’ll be able to afford each month. This is especially applicable if you’re planning to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for startup businesses. It offers many advantages, such as a huge sign up bonus, purchase protection, as well as travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any promotional APR promotions to be found and the spending limit may be too low for your business. This isn’t the most efficient point-earning option.
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On the other side however, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance as well as primary coverage for car rental as well as a shopping security. If you’re a small-sized company owner, you’ll certainly benefit from these perks.
The Ink Business Preferred Card is another great way to earn points. When you spend in certain categories, you’ll earn three points per dollar you spend. For instance, if charge $500 on purchases to your card in the first three months, you’ll be eligible for an offer of 100,000 points.
Divide
If you’re a business owner looking for an enterprise credit card you might want to think about Divvy. This type of card offers numerous benefits and features. It also lets you track your business expenses.
Divvy works with external accounting software, allowing users to view their financial expenses. You can then create a budget, set limits on spending and request money. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also has corporate cards. These cards look at your company’s finances and determine how much you’ll have to spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure best rates of interest for business loans and offer valuable rewards. For example one card, the Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash back. Some cards offer rewards for purchases and travel, while others can be used to build your credit score.
There are a myriad of credit card issuers to select from, including Chase. You should also consider the method of use for the credit card. It is crucial to choose the best business credit card that is suitable for your specific requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a fantastic option. This card offers solid rewards for various categories of purchases and also will pay for employees’ cell phone bills.