If you’re starting a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes however, the process of obtaining the business credit card could be confusing and overwhelming. Here are some tips to be aware of the process of obtaining credit card.
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Brex 30
Brex offers a wide variety of financial services, including corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit score. The applicants don’t pay interest or require an individual guarantee. Instead, applicants are assessed by the business model of the company and spending habits.
Credit limits as high as 100 percent are allowed for applicants. This limit is determined by the amount that a customer has in their 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. For instance, you could earn four points when you travel booked through Brex Travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and a spend management tool. It comes with a myriad of benefits including a standard 1.5 percent cash-back rate on all purchases. There are no annual fees and the card doesn’t have any other requirements aside from a good credit score.
A low-interest business credit line is a great option for startups. You may also look into a credit card for business which offers additional security.
One of the primary features of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you can afford to pay each month. This is particularly true if you’re looking to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It offers a variety of benefits, including an excellent sign-up bonus purchase protection, and travel benefits. It has some downsides.
The Ink Business Preferred Card may not be ideal. There aren’t any introductory APR promos and the spending limit might not be suitable for your company. It’s not the most efficient point-earning option.
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On the other hand, the Ink Business Preferred Card offers several other valuable features, such as liability insurance and primary car rental coverage and a shopping protection. If you’re a small company owner, you’ll certainly benefit from these benefits.
Furthermore to that, the Ink Business Preferred Card is an excellent way to earn points. When you spend money in certain categories, you’ll earn 3 points for every dollar you spend. For instance, if make a purchase of $500 to your card in the first three months, then you’ll be rewarded with an offer of 100,000 points.
Divvy
Divvy is an excellent choice for startup business owners seeking an business card. This type of card comes with a range of advantages and features. You can also keep track of your business expenses using this card.
Divvy is compatible with any accounting software that allows users to monitor their financial expenses. You can create budget, set limits, and request funds. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate card. These cards evaluate your business financial situation and help you decide what amount of money you should spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to learn about the rates offered by the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best interest rates for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash back. Some cards offer rewards for shopping and traveling while others can be used to help build your business’s credit.
In addition to the top business credit cards from Chase and other credit card issuers you can use. However, you should consider the manner in which you utilize a specific credit card. It is important that you select the correct corporate credit card for your requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. The card gives you solid rewards for various categories of purchases and even covers employees’ cell phone bills.