If you’re thinking of starting your own business, the most important thing to consider is “Can I get my business credit card?” Although there is a yes answer it can be a bit daunting and confusing to apply for a business credit card. Here are some things to learn about getting the credit card you need.
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Brex 30
Brex provides a range of financial services like corporate credit cards spending management, as well as expense management software. Brex is a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is a credit card that can help entrepreneurs build credit histories. It doesn’t charge interest and don’t have to offer an individual guarantee. Instead, applicants are evaluated on the basis of their business model and spending habits.
Applicants can have up to 100 percent credit limit. The limit is determined by the amount customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards with a Brex Corporate credit card. For instance, you can get four points on travel booked through Brex 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 is free of annual fees and doesn’t require any other conditions other than a good credit rating.
If you are a new business, the benefits of using a business credit card that is low-interest can be extremely appealing. It is also possible to look into a credit card for business which offers additional security.
A low-interest business credit card are extremely convenient since you’re not burdened with the stress of managing multiple cards or worrying about the amount of money you’ll have to pay each month. This is particularly relevant if you’re trying to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It comes with a variety of benefits, including a substantial sign-up bonus along with purchase protection, along with travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR promotions available, and the spending cap could be too low for your company. Furthermore, it’s not the most generous points-earning program.
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On the other hand, the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage, and a shopping protection. As a small-scale business owner, you’ll surely benefit from these benefits.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you’ll earn three points per dollar you spend. For instance, if you add $500 worth of purchases to your card in the first three months, you’ll get an initial bonus of 100,000 points.
Divvy
The Divvy card is a great choice for business owners in the beginning seeking a business card. This card comes with a wide range of benefits and features. It also lets you track your business expenses.
Divvy integrates with other accounting software that allows users to view their the financial expenses. The software lets you make a budget, limit spending and even request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards assess your company’s finances and determine the amount you should spend each month. Divvy doesn’t 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 before applying.
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Chase Ultimate Rewards
Business credit cards are a way to secure the highest interest rates for business loans. They can also offer useful rewards. For instance one card, the Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash. Some cards offer rewards for shopping and traveling as well as other cards that can be used to to build credit for your business.
Apart from the top business credit cards offered by Chase but there are many other credit card issuers are available to. You should also think about how you will use the credit card. It is important that you select the correct corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. This card gives you solid rewards for various categories of purchases and even covers employees’ mobile phone bills.