For those that are starting a business, one of the most important questions they’ll need 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 a bit overwhelming and confusing. Here are some things you need to be aware of before obtaining credit card.
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Brex 30
Brex offers a wide range of financial services, such as corporate credit cards and spend management as well as expense management software. It provides an all-in-one financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. It doesn’t charge interest or provide an individual guarantee. Instead, applicants are rated by the business model of the company and spending patterns.
Credit limits up to 100 percent are permitted for applicants. This limit is determined by the amount the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards by using a Brex Corporate credit card. For instance, you could get four points on travel booked through Brex Travel. Additionally, you can 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 spending management solution. The card comes with a host of benefits including a flat 1.5 percent cash-back rate on all purchases. The card does not have annual fees and does not have any other qualifications other than having a high credit score.
A low-interest business credit card is a great option for new businesses. It is also possible to look into a business credit card which offers additional security.
One of the main advantages 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 can afford to pay off each month. This is especially relevant if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards for new businesses. It comes with a range of benefits, including an impressive sign-up bonus, purchase protection, and travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any APR introductory promotions available, and the spending limit could be too low for your business. It’s also not the best points-earning feature.
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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 ideal for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. When you spend in specific categories, you can earn three points for every dollar you spend. In this case the case of spending $500 on purchases to your card within the first three months, you’ll get a 100,000 point welcome bonus.
Divide
The Divvy is a great option for entrepreneurs who are starting their business and looking for a business card. This type of card offers a range of benefits and features. It also lets you keep track of your business expenses.
Divvy integrates with other accounting software and enables users to easily view financial expenses. You can create budgets, set the limits on spending and request money. You can also set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards review your company finances and allow you to determine how much you can spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to learn about the rates offered by the company before applying.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the best rates of interest on business loans. They can also offer useful rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash back. Some cards offer rewards for purchases and travel as well as others that can be used to build your credit score.
Aside from the best business credit cards offered by Chase There are other credit card issuers that you can turn to. You must also think about the method of use for the credit card. It is crucial to choose an enterprise credit card that suits your needs.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card offers solid rewards on different categories of purchases and even covers cell phone bills.