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 but it can be confusing and overwhelming to apply for a business credit card. Here are a few things to be aware of when applying for a credit card.
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Brex 30
Brex offers a variety of financial services like corporate credit cards along with spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups establish their credit histories. The applicants don’t have to pay interest or have to provide personal guarantees. Instead, applicants are rated by company business model and spending habits.
Users can get a 100 percent credit limit. This limit is determined by the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. For example, you can earn four points on travel booked through Brex Travel. Additionally, you can earn three points on dining.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a budget management tool. It comes with a myriad of benefits including a flat 1.5% cash back rate on all purchases. There are no annual fees and the card doesn’t have any other requirements except for a good credit score.
For a business that is just beginning it is possible to reap the benefits of a business credit card with low interest could be very appealing. A business credit card that offers additional protection may be a possibility.
One of the main advantages of a low-interest business credit card is that you don’t need to worry about managing multiple cards or worrying about how much you’ll have to pay each month. This is particularly true if you’re looking to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for new businesses. It provides a wide range of benefits, including a high sign-up bonus, purchase protection, as well as travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There are no introductory APR deals and the spend limit might not be suitable for your company. This isn’t the most efficient points-earning feature.
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The Ink Business Preferred Card, however, offers many other useful features, such as liability coverage primary coverage for car rentals shopping protection, as well as primary coverage for car rental. These perks are great for small business owners.
The Ink Business Preferred Card is another great way to earn points. If you make purchases in certain categories, you can earn three points for every dollar you spend. For example, if you add $500 worth of purchases to your credit card during the first three months, you’ll be eligible for an offer of 100,000 points.
Divide
The Divvy is a great option for business owners in the beginning looking for business cards. This card comes with a wide range of benefits and features. You can also keep track of your business expenses by using this card.
Divvy is compatible alongside any other accounting software that allows users to look at their financial expenses. You can then create a budget, set limits on spending and request money. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards look at your company’s financial situation and decide on how much you’ll need to spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest rates of interest on business loans, and also provide valuable rewards. For example the Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash. Certain cards provide rewards for travel and shopping while others can be used to boost your credit score.
Aside from the best business credit cards from Chase and other credit card issuers you can choose from. However, you should consider the way you intend to make use of a specific credit card. It is crucial to choose a business credit card that is suitable for your needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. This card gives you solid rewards for various purchase categories and even protects employees’ mobile phone expenses.