If you’re starting 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 applying for a business credit card can be a bit overwhelming and confusing. Here are a few tips to be aware of the process of applying for an credit card.
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Brex 30
Brex provides a broad range of financial services, including corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups build their credit history. It doesn’t charge interest or offer a personal guarantee. Instead, applicants are evaluated on their company’s business model and their spending habits.
Credit limits of up 100 percent are allowed for applicants. This limit is determined based on the amount of cash in a customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card You can earn rewards on purchases. Brex Travel offers four points when you book travel. Additionally, you can earn 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 spend management system. The card provides a range of benefits, including a standard 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.
A business credit card with a low-interest rate is a great option for those who are just starting out. You may also want to consider a business credit card that provides additional security.
A low-interest business credit card are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about how much money you’ll have to pay each month. This is especially true if you’re looking to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for startup businesses. It offers a variety of benefits, such as the highest sign-up bonus, purchase security, and travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any initial APR promotions and the spending limit may not be appropriate for your business. This isn’t the most efficient points-earning program.
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The Ink Business Preferred Card, however provides a range of useful features, such as liability coverage and primary coverage for car rentals, shopping protection, and primary car rental coverage. If you’re a small company owner, you’ll certainly benefit from these perks.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in specific categories, you can earn 3 points for every dollar you spend. For instance, if make a purchase of $500 to your credit card within the first three months, you’ll get a welcome bonus of 100,000 points.
Divvy
If you’re a business owner looking for a credit card for business you might want to look into Divvy. This card comes with a wide range of benefits and features. It also allows you to monitor your business expenses.
Divvy integrates with other accounting software that allows users to view their financial expenses. You can then create budgets, set limits, and request funds. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards review your company finances and allow you to decide how much money you can spend each month. In contrast to traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy does not disclose any interest rates on its website. It is crucial to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the best rates of interest on business loans. They are also able to provide useful rewards. For instance one card, the Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Certain cards provide rewards for shopping and travel and others are able to help build your credit score.
There are a myriad of credit card issuers you could pick from, including Chase. You should also think about what you intend to do with the credit card. It is essential to find the right business credit card that meets your needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card provides solid rewards on different categories of purchases and also covers cell phone bills.