If you are thinking of starting an enterprise, the most important question to ask is “Can I get my business credit card?” The answer is yes, but the process of obtaining a business credit card can be confusing and overwhelming. Here are a few things you should know about the process of obtaining an credit card.
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Brex 30
Brex offers a wide variety of financial services, such as corporate credit cards, spend management, and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is a credit card that helps entrepreneurs build credit histories. It doesn’t charge interest or have to provide personal guarantees. Instead applicants are evaluated based on their company’s business model and spending habits.
Applicants can have up to 100 percent credit limit. The limit is determined by the amount that a customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card You can earn rewards on purchases. For instance, you can earn four points on travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and a spend management solution. The card provides a range of advantages, including a fixed 1.5% cashback rate on all purchases. There are no annual fees, and the card doesn’t require other requirements other than an excellent credit score.
For businesses that are just starting out, the benefits of using a business credit card that is low-interest can be extremely appealing. A business credit card with additional security might be a possibility.
One of the most important advantages of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you can afford to pay every month. This is especially true if you’re looking to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards available to start-up businesses. It provides a wide range of advantages, including a high sign-up bonus, purchase security, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any promotional APR promotions to be found and the spending limit may be too low for your company. In addition, it’s not exactly the most generous point-earning system.
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On the other hand however, the Ink Business Preferred Card offers numerous other useful features, including liability coverage in addition to primary car rental insurance, and a shopping protection. These perks are great for small business owners.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories , and you’ll earn three points per dollar. For instance, if add $500 worth of purchases to your credit card within the first three months, you’ll get a welcome bonus of 100,000 points.
Divide
The Divvy is a great option for entrepreneurs who are starting their business and looking for business cards. This kind of card comes with various advantages and features. It also lets you keep track of your business expenses.
Divvy is compatible with any accounting software to allow users to view their financial expenses. The program lets you set a budget, limit spending, and request funds. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has corporate cards. These cards review your company finances and assist you to decide on how much you should spend every month. Divvy doesn’t 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 you apply.
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Chase Ultimate Rewards
Business credit cards are an opportunity to secure the best rates of interest on business loans, and are also able to provide useful rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash or cash back. Certain cards provide rewards for shopping and travel, while others can be used to build your credit score.
There are numerous credit card issuers to select from, including Chase. However, you should consider the manner in which you utilize a specific credit card. It is important that you find the right business credit card that meets your requirements.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card a great option. This card provides solid rewards for various categories of purchases, and it even covers employees’ cell phone bills.