For those that are starting a business, one 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 applying for a business credit card can be a bit overwhelming and confusing. Here are a few points you should be aware of about the process of obtaining credit card.
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Brex 30
Brex provides a range of financial services , including corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists entrepreneurs build credit histories. The applicants don’t have to pay interest or require an individual guarantee. Instead, applicants are assessed by company business model and spending patterns.
Credit limits of up 100 percent are allowed for applicants. The limit is determined by the amount of cash in a customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
You can earn significant rewards using a Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also receive three points on dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a budget management tool. It comes with a myriad of benefits including a standard 1.5 percent cash back rate on all purchases. There are no annual fees, and the card doesn’t have any other requirements, aside from a good credit score.
For businesses that are just starting out one of the advantages of using a business credit card with low interest could be very appealing. A business credit line with additional protection may be an option.
A low-interest business credit card are extremely convenient since you’re not burdened with the stress of managing multiple credit cards or worrying about how much you can manage each month. This is especially true when you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It offers many benefits, including a high initial bonus along with purchase protection, along with travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be ideal. There aren’t any promotional APR offers and the spending limit may not be appropriate for your business. Furthermore, it’s not the most generous points-earning feature.
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On the other hand, the Ink Business Preferred Card offers many other beneficial features, including liability coverage, primary car rental coverage and a shopping insurance. These perks are perfect for small business owners.
The Ink Business Preferred Card is another great method to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this case, if you spend $500 on purchases on your card within the first three months, you’ll get a 100,000 point welcome bonus.
Divide
If you’re a startup business owner looking for an enterprise credit card you might want look into Divvy. This card offers a variety of advantages and features. It also lets you monitor your business expenses.
Divvy integrates with other accounting software, and allows users to quickly view financial expenses. You can create a budget, set limits, and request money. Additionally, Divvy lets you set an expense limit for your employees.
Divvy also offers a corporate credit card. These cards review your company’ finances and help you decide what amount of money you’ll need to invest every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards provide a way to secure the highest interest rates for business loans, and they can also offer valuable rewards. For example a Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash back. Some cards offer rewards for shopping and travel as well as others that are able to help build your credit score.
There are a variety of credit card issuers that you can pick from, including Chase. However, you should consider the manner in which you make use of a particular credit card. It is important that you select the correct business credit card for your requirements.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. This card gives you solid rewards for a variety of purchase categories and even protects employees’ mobile phone bills.