If you’re starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While the answer is yes but it can be daunting and confusing to apply for a business credit card. Here are a few things to be aware of when applying for an credit card.
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Brex provides a variety of financial services, such as corporate credit cards and spend management as well as expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps startups build their credit history. It doesn’t charge interest or need to provide personal guarantees. Instead the applicants are evaluated on their company’s financial model and spending habits.
Credit limits of up 100 percent are allowed for applicants. The limit is determined based on the amount of cash 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. For instance, 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 a all-in-one small business credit card as well as a spending management tool. The card offers a slew of benefits including a standard 1.5 percent cash back rate on all purchases. There are no annual charges, and the card doesn’t have other requirements other than having a credit score of at least.
A business credit card with a low-interest rate is a great option for new businesses. You may also think about a business credit card that provides additional security.
One of the primary advantages of a low interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you can afford to pay off each month. This is particularly important if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for new businesses. It offers a variety of benefits, such as an excellent sign-up bonus purchase protection, as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any promotional APR promotions and the spending limit might not be suitable for your company. It’s not the most efficient points-earning program.
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On the other hand, the Ink Business Preferred Card offers numerous other useful features, including liability coverage and primary car rental coverage and a shopping insurance. These benefits are perfect for small business owners.
Moreover, the Ink Business Preferred Card is an excellent way to earn points. If you make purchases in certain categories, you can earn three points for every dollar you spend. In this case for example, if you spend $500 on purchases made with your card within the first three months, you will get a 100,000 point welcome bonus.
The Divvy is a great option for business owners who are just starting out looking for a business card. This type of card comes with various advantages and features. You can also monitor your business expenses with this card.
Divvy integrates with other accounting software, allowing users to quickly view financial expenses. The software allows you to set a budget, limit spending and even request money. You can also set a spending limit for your employees.
Divvy also has corporate cards. These cards look at your company’s financial situation and decide on how much you should spend every month. As opposed to traditional business credit card, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards are an opportunity to secure the highest interest rates for business loans, and they are also able to provide useful rewards. For instance, a Chase Ultimate Rewards business credit card can earn bonus points that can translate to cash back. Some cards offer rewards for travel and shopping as well as others that are able to help build your credit score.
In addition to the top business credit cards from Chase, there are other credit card issuers that you can choose from. You should also consider the way you intend to use the credit card. It is important to find a business credit card that will meet your specific needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card gives you solid rewards for various purchase categories and even protects employees’ mobile phone expenses.