If you are thinking of creating an enterprise, the most important question you should ask yourself is “Can I get my business credit card?” The answer is a resounding yes however, the process of applying for an official business credit card can be a bit overwhelming and confusing. Here are some things you need to know about the process of obtaining an 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 provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps startups build their credit history. Applicants don’t pay interest and don’t need to provide an individual guarantee. Instead, applicants are evaluated based on their financial model and spending habits.
Credit limits of up to 100 percent are permitted for applicants. This limit is determined by the amount of money a 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 substantial rewards on purchases. Brex Travel offers four points for booking travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spending management tool. It comes with a myriad of benefits, including a flat 1.5% cash back rate on all purchases. There are no annual fees and the card doesn’t have any other requirements aside from having a high credit score.
For a business that is just beginning, the benefits of using the low-interest business credit cards are a great deal. You might also look into a business credit card that offers additional protection.
One of the most important advantages of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you can afford to pay each month. This is particularly true if you’re looking to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for new companies. It comes with a variety of benefits, including a substantial sign up bonus and purchase protection along with travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR offers and the spending limit might not be suitable for your business. It’s also not the best points-earning program.
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On the other side however, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance in addition to primary car rental insurance as well as a shopping security. As a small company owner, you’ll certainly benefit from these benefits.
Additionally to that, the Ink Business Preferred Card is a great opportunity to earn points. When you spend in certain categories, you’ll earn three points for every dollar you spend. In this instance for example, if you spend $500 on purchases made with your card within the first three months, you will get a 100,000 point welcome bonus.
Divide
Divvy is a good option for entrepreneurs who are starting their business and looking for business cards. This kind of card comes with a range of benefits and features. It also allows you to keep track of your business expenses.
Divvy is compatible with any external accounting software to allow users to view their financial expenses. You can then create budgets, set the limits, and request funds. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards review your company finances and assist you to decide what amount of money you can spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to know the rate of the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be a way to secure the best rates of interest on business loans, and they can also offer valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash back. Certain cards provide rewards for shopping and traveling, and others can be used to help increase your business’s credit.
There are numerous credit card issuers that you can pick from, including Chase. However, you should consider the manner in which you use a particular credit card. It is crucial to find the right 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 gives you solid rewards across a variety of categories and even will pay for employees’ mobile phone expenses.