If you are thinking of starting an enterprise, the most important question you should ask yourself is “Can I get my business credit card?” Although the answer is yes it can be a bit confusing and overwhelming to apply for a business credit card. Here are some things you should know about the process of obtaining the credit card.
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Brex offers a wide range of financial services, including corporate credit cards, spend management, and expense management software. It offers a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build their credit score. It doesn’t charge interest or provide an individual guarantee. Instead the applicants are evaluated based on their budget and business model.
Credit limits as high as 100 percent are allowed for applicants. The limit is determined based on the amount of cash in a customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
You can earn rewarding rewards by using the Brex Corporate credit card. For example, 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 a complete small business credit card and spending management solution. It offers a wide range of benefits, including a flat 1.5% cashback rate on all purchases. There are no annual fees and the card doesn’t require other requirements other than having a high credit score.
For a startup business benefiting from a business credit card that is low-interest can be extremely appealing. A business credit card with additional security might be an option.
A business credit card with a low-interest rate are extremely convenient since you’re not burdened with the stress of managing multiple cards or worrying about the amount of money you can afford each month. This is especially applicable if you’re planning to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It comes with a range of benefits, including an impressive sign-up bonus, purchase protection, and travel benefits. However, it does have several drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR promotions to be found and the spending cap may be too low for your company. It’s also not the most effective points-earning feature.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features, including liability coverage as well as primary coverage for car rentals, shopping protection, and primary car rental coverage. If you’re a small company owner, you’ll certainly get these benefits.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories and earn three points per dollar. In this case for example, if you spend $500 on purchases made with your card in the first three months, you’ll receive a 100,000 point welcome bonus.
The Divvy card is a great choice for business owners in the beginning looking for an business card. This card comes with a wide range of advantages and features. It also lets you monitor your business expenses.
Divvy is compatible with any external accounting software to allow users to look at their financial expenses. The program lets you set a budget, limit spending and request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards evaluate your business financial situation and help you decide what amount of money you’ll need to spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most favorable rates of interest for business loans and offer valuable rewards. For example a Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash back. Some cards offer rewards for travel and shopping and others are able to help build your credit score.
In addition to the top business credit cards offered by Chase but there are many other credit card issuers that you can choose from. However, you should consider the manner in which you use a particular credit card. It is crucial to choose the appropriate corporate credit card for your needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card offers solid rewards on different categories of purchases as well as protects employees’ mobile phone bills.