For those that are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes but the process of obtaining an official business credit card can be overwhelming and confusing. Here are some things you should know about the process of obtaining credit card.
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Brex provides a range of financial services , including corporate credit cards, spend management and expense management software. Brex offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them build credit histories. It doesn’t charge interest and don’t need to offer a personal guarantee. Instead, applicants are rated by company business model and spending patterns.
Credit limits of up 100 percent are allowed for applicants. The limit is determined by the amount the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. Brex Travel offers four points for booking travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spend management tool. The card provides a range of benefits, including a flat 1.5% cashback rate on all purchases. There are no annual fees, and the card does not have other requirements except for a good credit score.
A business credit card with a low-interest rate is a great choice for new businesses. You might also consider a business credit card which offers additional security.
A business credit card with a low-interest rate are very convenient because you don’t have to worry of managing multiple credit cards or worrying about how much money you’ll be able to afford each month. This is especially important if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards designed for entrepreneurs. It comes with a range of benefits, like an impressive sign-up bonus, purchase protection, and travel benefits. It does have some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any introductory APR deals and the spend limit might not be suitable for your business. It’s also not the best point-earning option.
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The Ink Business Preferred Card, on the other hand, offers many other useful features like liability insurance and primary car rental coverage, shopping protection, and primary coverage for car rentals. As a small company owner, you’ll certainly get these benefits.
Moreover that, the Ink Business Preferred Card is an excellent way to earn points. When you spend money in certain categories, you can earn 3 points for every dollar you spend. For example the case of spending $500 on purchases with your card in the first three months, you’ll receive a 100,000 point welcome bonus.
If you’re a start-up business owner looking for a credit card for business, you may want to look into Divvy. This type of card comes with various advantages and features. You can also keep track of your business expenses by using this card.
Divvy can be used with accounting software, and allows users to view their the financial expenses. You can then create budgets, set the limits on spending and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business finances and allow you to decide how much money you’ll need to 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 crucial to know the rate of the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the best interest rates on business loans. They can also offer useful rewards. For example a Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Certain cards provide rewards for purchases and travel and others can be used to build your credit score.
There are a variety of credit card issuers that you can pick from, including Chase. You must also think about how you will use the credit card. It is important that you choose the appropriate business credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. This card offers solid rewards on various purchase categories and even protects employees’ mobile phone bills.