For those who are just beginning the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes but the process of getting the business credit card could be confusing and overwhelming. Here are some tips to be aware of the process of applying for the credit card.
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Brex provides a range of financial services like corporate credit cards as well as spend management and expense management software. Brex offers a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build credit histories. Applicants don’t pay interest and don’t have to provide an individual guarantee. Instead, applicants are evaluated based on their company’s budget and business model.
Credit limits up to 100 percent are permitted for applicants. The limit is determined by the amount that a customer has in their Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
You can earn significant rewards with a Brex Corporate credit card. For instance, you can get four points on travel booked through Brex Travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management solution. The card provides a range of benefits, including a flat 1.5 percent cashback on all purchases. There are no annual fees and the card doesn’t require other requirements other than a good credit score.
A business credit card with low interest is a great choice for businesses that are just starting out. A business credit card that comes with added security may be a viable option.
A low-interest business credit card are extremely convenient since you don’t have the worry of managing multiple cards or worrying about how much you can manage each month. This is especially true if you 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 startups. It has many benefits, including a substantial reward for signing up along with purchase protection, along with travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any promotional APR offers and the spending limit might not be suitable for your business. It’s not the most efficient points-earning feature.
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The Ink Business Preferred Card, on the other hand provides a range of useful features such as liability coverage and primary coverage for car rentals shopping protection, as well as primary car rental coverage. These benefits are ideal for small business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories and you’ll earn three points per dollar. For instance, if you charge $500 on purchases to your credit card within the first three months, you’ll be eligible for an offer of 100,000 points.
The Divvy card is a great choice for business owners in the beginning seeking an enterprise card. This type of card offers a range of advantages and features. It also lets you monitor your business expenses.
Divvy can be used alongside any other accounting software that allows users to see their financial expenses. You can create budgets, set maximum limits and request money. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also offers a corporate credit card. These cards assess your company’s financial situation and decide on how much you can spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards can be used to get the most favorable interest rates for business loans, and also provide valuable rewards. For instance the Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Certain cards provide rewards for travel and shopping as well as others that can be used to improve your credit score.
There are numerous credit card issuers to select from, including Chase. But, you must consider the manner in which you make use of a particular credit card. It is vital to find the right business credit card for your requirements.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card a fantastic option. This card gives you solid rewards for various purchase categories and even protects employees’ mobile phone bills.