If you’re thinking of creating a business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is yes but the process of applying for the business credit card could be overwhelming and confusing. Here are some points you should be aware of about the process of getting credit card.
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Brex provides a variety of financial services, such as corporate credit cards as well as spend management and expense management software. It offers a complete financial solution for startups.
The Brex Card, or Brex for Startups, is a credit card that can help startups establish their credit history. Applicants don’t pay interest and don’t need to offer an individual guarantee. Instead, applicants are evaluated on the basis of their business model and spending patterns.
Credit limits of up to 100 percent are permitted for applicants. This limit is determined by the amount of money that is in the customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
You can earn rewards when you use the Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also receive three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as an expense management tool. The card comes with a range of benefits, including a standard 1.5 percent cashback rate on all purchases. The card is free of annual fees and does not have any other qualifications other than an excellent credit score.
If you are a new business one of the advantages of using the low-interest business credit cards are a great deal. A business credit line with added security may be an option.
One of the main features of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you’ll be able to pay every month. This is especially true if you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for startup companies. It provides many benefits, including a substantial reward for signing up as well as purchase protection as well as travel benefits. It has some downsides.
The Ink Business Preferred Card isn’t perfect, however. There are no introductory APR promotions to be found and the spending cap may be too low for your business. It’s also not the best points-earning program.
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The Ink Business Preferred Card, however it offers a number of additional useful features such as liability coverage as well as primary car rental coverage, shopping protection, and primary coverage for rental cars. These benefits are ideal for small business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in specific categories and you’ll earn three points per dollar. For example, if you add $500 worth of purchases to your card in the first three months, you’ll be eligible for a welcome bonus of 100,000 points.
The Divvy card is a great choice for startup business owners seeking an business card. This type of card offers many advantages and features. It also lets you monitor your business expenses.
Divvy can be used with any external accounting software to allow users to see their financial expenses. You can create budgets, set limits on spending and request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has a corporate card. These cards analyze your business finances and assist you to decide how much money you can spend each month. In contrast to traditional business credit cards, Divvy does NOT require a personal guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to know the rate of the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest interest rates for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Some cards offer rewards for shopping and traveling while others can be used to help build your business’s credit.
Aside from the best business credit cards from Chase but there are many other credit card issuers you can choose from. You must also think about the method of use for the credit card. It is essential to select the correct business credit card for your needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. This card provides solid rewards on various purchase categories, and it even will pay for employees’ cell phone bills.