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 getting an official business credit card can be overwhelming and confusing. Here are some things you should know about the process of getting the credit card.
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Brex provides a range of financial services like corporate credit cards along with spend management and expense management software. Brex offers a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build credit histories. The applicants don’t pay interest or need to provide a personal guarantee. Rather, applicants are evaluated on the basis of their business model and spending habits.
Credit limits as high as 100 percent are permissible for applicants. The limit is determined by the amount customers have in their Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
You can earn rewarding rewards when you use a Brex Corporate credit card. For instance, you’ll earn four points on travel booked through Brex Travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as an expense management tool. The card comes with a host of benefits including a flat 1.5% cash back rate on all purchases. There are no annual charges, and the card doesn’t have any other requirements, aside from having a high credit score.
For a business that is just beginning one of the advantages of using a low-interest business credit card are a great deal. A business credit line with added security may be a possibility.
Business credit cards with low interest are extremely convenient since you don’t have to worry of managing multiple credit cards or worrying about how much money you can afford each month. This is especially true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for new companies. It offers a variety of benefits, including an impressive sign-up bonus, purchase protection, as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR offers and the spending limit might not be suitable for your business. It’s also not the most effective point-earning option.
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On the other hand however, the Ink Business Preferred Card offers several other valuable features, including liability coverage in addition to primary car rental insurance and a shopping protection. These perks are great for small-scale business owners.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in specific categories, you can earn 3 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’ll receive a 100,000 point welcome bonus.
The Divvy is a great option for entrepreneurs who are starting their business and seeking an business card. This card has a variety of advantages and features. It also allows you to track your business expenses.
Divvy can be integrated with any external accounting software that allows users to see their financial expenses. You can then create budgets, set the limits, and request funds. Divvy also allows you to set an expense limit for your employees.
Divvy also offers a corporate card. These cards analyze your business financial situation and help you decide how much money you can spend each month. Contrary to traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to understand the company’s rate before you apply.
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Chase Ultimate Rewards
Business credit cards offer the chance to secure highest interest rates for business loans. They can also offer valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash or cash back. Certain cards provide rewards for shopping and traveling, and others can be used to help improve your company’s credit score.
There are many credit card issuers you could choose from, including Chase. However, you should think about the ways you will use a particular credit card. It is crucial to choose the right business credit card that meets your particular needs.
The Ink Business Preferred(r) Credit Card is a good choice for a small business owner. The card gives you solid rewards for various categories of purchases and even covers cell phone bills.
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