If you’re thinking of creating a business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is yes but the process of obtaining an official business credit card can be daunting and confusing. Here are some things you need to know about the process of applying for an credit card.
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Brex 30
Brex offers a wide variety of financial services, such as corporate credit cards, spend management, and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish their credit history. The cardholders don’t have to pay any interest and don’t have to provide personal guarantees. Instead the applicants are evaluated based on their company’s financial model and spending habits.
Customers can get up to 100 percent credit limit. 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.
You can earn rewarding rewards with a Brex Corporate credit card. For instance, you’ll get four points on travel booked through Brex Travel. You can also earn three points on dining.
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Capital on Tap
Capital on Tap is a complete small business credit card as well as a spending management solution. The card provides a range of benefits, including a simple 1.5 percent cashback rate on all purchases. There are no annual charges, and the card doesn’t require other requirements, aside from an excellent credit score.
For businesses that are just starting out, the benefits of using a business credit card with low interest can be extremely appealing. You may also consider a business credit card that offers additional protection.
One of the primary benefits of a business low-interest credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll have to pay off every 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 best business credit cards for new companies. It provides a wide range of benefits, like a high sign-up bonus, purchase protection, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any introductory APR promotions to be found and the spending cap may be too low for your business. It’s also not the most effective points-earning program.
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On the other hand, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage and primary car rental coverage and a shopping protection. If you’re a small company owner, you’ll certainly benefit from these benefits.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. For instance, if charge $500 on purchases to your credit card during the first three months, you’ll be eligible for an offer of 100,000 points.
Divvy
Divvy is an excellent choice for startup business owners looking for a business card. This type of card comes with many benefits and features. It also lets you track your business expenses.
Divvy is compatible with external accounting software, allowing users to easily monitor financial expenses. The program lets you set a budget, limit spending and request money. 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 assess your company’s finances and determine the amount you can spend every month. Contrary to traditional business credit cards, Divvy doesn’t require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to know the rate of the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be a way to secure the best interest rates on business loans. They can also offer valuable rewards. For instance a Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Certain cards provide rewards for shopping and travel, while others can be used to improve your credit score.
Aside from the best business credit cards from Chase but there are many other credit card issuers that you can use. However, you should think about the way you intend to use a particular credit card. It is important to find an enterprise credit card that will meet your needs.
The Ink Business Preferred(r) Credit Card is a good choice for a small business owner. This card provides solid rewards for various categories of purchases and even will pay for employees’ cell phone bills.