For those that are starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While the answer is yes, it can be difficult and confusing to apply for an enterprise credit card. Here are some tips to be aware of the process of applying for the credit card.
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Brex offers a variety of financial services like corporate credit cards, spend management and expense management software. Brex provides a complete financial solution to startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build credit histories. The applicants don’t have to pay interest or provide a personal guarantee. Instead, applicants are assessed by company business model and spending habits.
Credit limits up to 100 percent are permissible for applicants. The limit is determined by the amount a customer has in their Brex Cash account. Each day the Brex Card draws from the account to determine its limit for spending.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. For instance, you could earn four points on trips booked through Brex Travel. You can also receive three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spend management tool. The card offers a variety of advantages, including a fixed 1.5 percent cashback on all purchases. The card does not have annual charges and doesn’t need any other requirements than having a high credit score.
For a startup business, the benefits of using the low-interest business credit cards could be very appealing. A business credit line with additional protection may be an option.
One of the key benefits of a business low-interest credit card is that you don’t need to fret about juggling several cards or worrying about how much you can afford to pay each month. This is particularly true if you’re looking to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for startup companies. It provides a wide range of advantages, including an impressive sign-up bonus, purchase security, and travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any initial APR promotions and the spending limit might not be suitable for your company. Moreover, it’s not the most generous points-earning option.
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On the other hand it is worth noting that the Ink Business Preferred Card offers many other beneficial features, such as liability insurance as well as primary coverage for car rental as well as a shopping security. These perks are perfect for small business owners.
Furthermore it is worth noting that the Ink Business Preferred Card is a great opportunity to earn points. Spend in certain categories and earn three points per dollar. In this example the case of spending $500 on purchases on your card within the first three months, you’ll receive a 100,000 point welcome bonus.
The Divvy is a great option for business owners who are just starting out looking for a business card. This card has a variety of advantages and features. It also lets you track your business expenses.
Divvy can be used with accounting software, allowing users to easily view the financial expenses. You can then create a budget, set limits on spending and request money. Divvy also allows you to set the spending limit for your employees.
Divvy also offers a corporate card. These cards assess your company’s finances and decide how much you should spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is essential to know the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most favorable rates of interest on business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted into cash back. Some cards offer rewards for shopping and travel and some can be used to help build your business’s credit.
Aside from the best business credit cards from Chase, there are other credit card issuers that you can use. However, you must think about the manner in which you use a particular credit card. It is crucial to choose the right business credit card that meets your particular needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. The card is a good option for earning rewards for a variety of purchase categories and even covers employees’ mobile phone costs.