If you are thinking of creating your own business, the first important thing to consider is “Can I get my business credit card?” The answer is a resounding yes however, the process of obtaining a business credit card can be daunting and confusing. Here are some things you need to be aware of when applying for an credit card.
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Brex offers a wide range of financial services, such as corporate credit cards as well as spend management and expense management software. It offers a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. The applicants don’t have to pay interest or provide personal guarantees. Rather, applicants are evaluated on the basis of their business model and spending patterns.
Credit limits of up to 100 percent are allowed for applicants. This limit is determined based on the amount of money that is in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards by using a Brex Corporate credit card. Brex Travel offers four points for booking travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as an expense management tool. The card comes with a host of benefits, including a flat 1.5 percent cash-back rate on all purchases. The card does not have annual fees and does not have any other requirements other than having a credit score of at least.
If you are a new business benefiting from a low-interest business credit card can be extremely appealing. A business credit card that offers additional security could be a good option.
One of the most important 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 can afford to pay each month. This is especially applicable if you’re planning 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 many advantages, such as a huge sign up bonus, purchase protection, along with travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any introductory APR promos and the spending limit might not be suitable for your company. It’s also not the most generous point-earning system.
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On the other side, the Ink Business Preferred Card offers many other beneficial features, including liability coverage as well as primary coverage for car rental and a shopping protection. If you’re a small-sized business owner, you’ll surely get these benefits.
Moreover it is worth noting that the Ink Business Preferred Card is an excellent opportunity to earn points. When you spend in certain categories, you can earn three points for every dollar you spend. For instance, if add $500 worth of purchases to your card during the first three months, then you’ll be rewarded with a welcome bonus of 100,000 points.
If you’re a start-up business owner in search of an account for business credit, you may want to think about Divvy. This type of card offers various benefits and features. It also allows you to keep track of your business expenses.
Divvy can be used alongside any other accounting software that allows users to look at their financial expenses. You can create budget, set limits on spending and request money. Additionally, Divvy lets you set an amount of money you can spend for your employees.
Divvy also offers corporate cards. These cards assess your business finances and allow you to decide on how much you’ll need to invest each month. Contrary to traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to learn about the rates offered by the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest rates of interest on business loans. They also offer rewards. For example, a Chase Ultimate Rewards business credit card can earn bonus points that could be converted to cash back. Certain cards provide rewards for purchases and travel as well as others that can be used to improve your credit score.
There are many credit card issuers that you can choose from, such as Chase. However, you must think about the manner in which you make use of a specific credit card. It is important to find an enterprise credit card that meets your specific needs.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. The card is a good option for earning rewards for various purchase categories and even protects employees’ mobile phone bills.