For those who are starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While there is a yes answer but it can be daunting and confusing to apply for a business credit card. Here are some tips to be aware of the process of applying for a credit card.
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Brex 30
Brex provides a range of financial products, including corporate credit cards along with spend management and expense management software. It offers a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is a credit card that can help startups build their credit history. It doesn’t charge interest or require an individual guarantee. Instead, applicants are rated by the business model of the company and spending habits.
Customers can get up to a 100 percent credit limit. The limit is determined by the amount of money customers have in their Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. For instance, you could earn four points when you travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card as well as a spending management solution. It comes with a myriad of benefits including a flat 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card does not have other requirements other than having a credit score of at least.
If you are a new business, the benefits of using a low-interest business credit card are a great deal. A business credit card with additional protection may be a possibility.
A business credit card with a low-interest rate are very convenient because you’re not burdened with the stress of managing multiple credit 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 expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards designed for start-up businesses. It offers a range of advantages, including an excellent sign-up bonus purchase protection, and travel benefits. It has some downsides.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promos and the spending limit may not be appropriate for your company. Moreover, it’s not the most generous points-earning feature.
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On the other side it is worth noting that the Ink Business Preferred Card offers many other beneficial features, including liability coverage as well as primary coverage for car rental and a shopping insurance. If you’re a small-sized company owner, you’ll certainly enjoy these benefits.
The Ink Business Preferred Card is another great method to earn points. If you make purchases in certain categories, you can earn 3 points for every dollar you spend. In this example when you spend $500 on purchases on your card in the first three months, you’ll get a 100,000 point welcome bonus.
Divide
If you’re a start-up business owner in search of a credit card for business you might want consider Divvy. This card offers a variety of benefits and features. It also lets you keep track of your business expenses.
Divvy is compatible with external accounting software, allowing users to easily monitor financial expenses. You can then create a budget, set maximum limits and request money. Additionally, Divvy allows 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 decide how much money you can spend each month. Unlike traditional business credit cards, Divvy does not require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best rates of interest on business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash or cash back. Certain cards provide rewards for travel and shopping and others can be used to improve your credit score.
There are a variety of credit card issuers that you can pick from, including Chase. However, you should think about how you will utilize a specific credit card. It is vital to select the correct business credit card to meet your needs.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. The card gives you solid rewards on a variety of purchase categories as well as protects employees’ mobile phone bills.