For those that are starting a business, one 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 applying for the business credit card could be overwhelming and confusing. Here are some points you should be aware of about the process of applying for credit card.
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Brex 30
Brex offers a variety of financial services , including corporate credit cards along with spend management and expense management software. Brex offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is a credit card that can help startups build their credit history. The applicants don’t pay interest or need to provide an individual guarantee. Rather, applicants are evaluated by company business model and spending habits.
Credit limits of up 100 percent are available to applicants. The limit is determined based on the amount of money that is in the 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 trips booked through Brex Travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a spending management tool. It offers a wide range of benefits, including a standard 1.5 percent cashback on all purchases. The card is free of annual fees and does not have any other conditions other than an excellent credit score.
A low-interest business credit card is a great choice for new businesses. You might also look into a business credit card that provides additional security.
One of the main benefits of a business low-interest credit card is that you don’t need to worry about juggling multiple cards or worrying about the amount you can afford to pay off 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 popular business credit cards for new businesses. It provides a wide range of benefits, including an excellent sign-up bonus purchase protection, as well as travel perks. It has some downsides.
The Ink Business Preferred Card isn’t perfect, however. There are no introductory APR promotions and the spending limit might not be suitable for your business. It’s not the most efficient point-earning option.
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The Ink Business Preferred Card, on the other hand provides a range of useful features like liability insurance primary coverage for car rentals, shopping protection, and primary car rental coverage. If you’re a small-sized company owner, you’ll certainly benefit from these benefits.
Furthermore that, the Ink Business Preferred Card is an excellent method to earn points. When you spend in specific categories, you can earn three points for every dollar you spend. For example when you spend $500 on purchases with your card within the first three months, you will get a 100,000 point welcome bonus.
Divvy
If you’re a new business owner in search of a business credit card You might want to think about Divvy. The card comes with a range of benefits and features. It also lets you keep track of your business expenses.
Divvy can be used with any external accounting software that allows users to monitor their financial expenses. You can create budgets, set the limits on spending and request money. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also has a corporate card. These cards analyze your business financial situation and help you determine how much you should spend every month. As opposed to traditional business credit card, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to be aware of the company’s rates before applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable rates of interest for business loans and provide valuable rewards. For instance a Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for shopping and traveling, and others can be used to help to build credit for your business.
Apart from the top business credit cards offered by Chase, there are other credit card issuers you can choose from. However, you must think about the ways you will use a particular credit card. It is vital to locate the best business credit card to meet your requirements.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card an excellent option. The card is a good option for earning rewards for various purchase categories and even covers employees’ mobile phone costs.