For those who are starting a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes, but the process of getting an official business credit card can be overwhelming and confusing. Here are a few things you should know about the process of obtaining a credit card.
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Brex offers a variety of financial services , including 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 build their credit score. The applicants don’t have to pay interest or require an individual guarantee. Instead, applicants are evaluated by the business model of the company and spending patterns.
Users can get a 100 percent credit limit. The limit is determined based on the amount of money in the customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
You can earn significant rewards with the Brex Corporate credit card. For example, you can get four points on travel booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management solution. It comes with a myriad of benefits including a standard 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card does not have other requirements other than an excellent credit score.
A low-interest business credit line is a great option for startups. A business credit card that comes with additional protection may be a viable option.
A low-interest business credit card are very convenient because you don’t have the worry of managing multiple cards or worrying about how much money you can afford each month. This is particularly 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 available to start-up companies. It offers many benefits, including a high initial bonus as well as purchase protection and travel perks. It has some downsides.
The Ink Business Preferred Card may not be perfect. There aren’t any initial APR deals and the spend 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 side the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage as well as a shopping security. As a small business owner, you’ll definitely benefit from these perks.
The Ink Business Preferred Card is another great way to earn points. If you make purchases in certain categories, you can earn 3 points per dollar you spend. In this example, if you spend $500 on purchases to your card within the first three months, you will get a 100,000 point welcome bonus.
If you’re a startup business owner in search of an enterprise credit card you might want consider Divvy. This card comes with a wide range of benefits and features. It also lets you keep track of your business expenses.
Divvy can be integrated with any accounting software that allows users to monitor their financial expenses. You can create a budget, set limits, and request funds. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your business financial situation and help you decide on how much you should spend every 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 crucial to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest interest rates for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Certain cards provide rewards for travel and shopping and others can be used to improve your credit score.
There are a myriad of credit card issuers you can select from, including Chase. But, you must consider how you will utilize a specific credit card. It is vital to select the correct corporate credit card for your needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card a great option. This card offers solid rewards on a variety of purchase categories and also covers cell phone bills.