For those who are just beginning a business, one the most important questions they’ll have to answer is “Can I get a 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 a few tips to be aware of the process of applying for credit card.
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Brex 30
Brex offers a variety of financial services including corporate credit cards, spend management and expense management software. Brex provides a complete financial solution for new businesses.
The Brex Card, or Brex for Startups, is an account that helps entrepreneurs build credit histories. It doesn’t charge interest or provide an individual guarantee. Rather, applicants are evaluated by the business model of the company and spending patterns.
Users can get a 100 percent credit limit. This limit is based on the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. Brex Travel offers four points for booking travel. You can also get 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 offers a slew of benefits, including a fixed 1.5% cash back rate on all purchases. There are no annual charges, and the card doesn’t have other requirements, aside from a good credit score.
For a startup business, the benefits of using a low-interest business credit card could be very appealing. A business credit card that offers added security may be a possibility.
One of the main features of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about the amount you can afford to pay off each month. This is particularly true if you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards for new businesses. It provides a wide range of advantages, including an impressive sign-up bonus, purchase protection, as well as travel perks. It has some downsides.
The Ink Business Preferred Card may not be ideal. There aren’t any promotional APR deals and the spend limit may not be appropriate for your business. This isn’t the most efficient point-earning option.
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On the other side however, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance and primary car rental coverage, and a shopping protection. If you’re a small business owner, you’ll definitely enjoy these benefits.
The Ink Business Preferred Card is another excellent way to earn points. If you make purchases in certain categories, you’ll earn three points per dollar you spend. For instance, if add $500 worth of purchases to your card in the first three months, you’ll be eligible for an initial bonus of 100,000 points.
Divide
Divvy is an excellent choice for entrepreneurs who are starting their business and looking for an enterprise card. This card has a variety of benefits and features. You can also keep track of your business expenses using this card.
The Divvy app can be used with any external accounting software to allow users to monitor their financial expenses. You can then create budgets, set the maximum limits and request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards look at your company’s finances and decide how much you can spend every 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. It is important to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the best interest rates on business loans, and are also able to provide useful rewards. For instance the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Certain cards provide rewards for shopping and travel, and others can be used to help to build credit for your business.
There are numerous credit card issuers you could select from, including Chase. You should also think about what you intend to do with the credit card. It is vital to locate the best business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card is a great way to earn rewards on a variety of purchase categories, and it even will pay for employees’ cell phone bills.