If you’re starting an enterprise, 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 but the process of obtaining a business credit card can be overwhelming and confusing. Here are some things you should know about the process of applying for a credit card.
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Brex 30
Brex provides a range of financial services like corporate credit cards along with spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that helps entrepreneurs build credit histories. The cardholders don’t have to pay any interest and don’t need to offer personal guarantees. Instead, applicants are evaluated on their company’s financial model and spending habits.
The applicants can enjoy up to a 100 percent credit limit. This limit is determined based on the amount of money that is in a customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. For instance, you could earn four points on travel booked through Brex Travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as an expense management tool. The card comes with a host of benefits, including a fixed 1.5 percent cash-back rate on all purchases. There are no annual fees, and the card does not have other requirements except for having a credit score of at least.
A low-interest business credit line is a great choice for businesses that are just starting out. A business credit card that comes with additional security could be a viable option.
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 every 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 top business credit cards available to start-up companies. It comes with a variety of benefits, including a high sign-up bonus as well as purchase protection and travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any APR introductory promotions available, and the spending cap could be too low for your business. It’s also not the most generous point-earning system.
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The Ink Business Preferred Card, on the other hand it comes with a variety of other beneficial features, including liability coverage, primary car rental coverage, shopping protection, and primary car rental coverage. These benefits are perfect for small business owners.
Moreover, the Ink Business Preferred Card is a great method to earn points. Spend in certain categories , and you’ll earn three points per dollar. In this example, if you spend $500 on purchases with your card in the first three months, you will be awarded a 100,000 points welcome bonus.
Divide
Divvy is a good option for entrepreneurs who are starting their business and looking for business cards. This kind of card comes with various benefits and features. You can also keep track of your business expenses by using this card.
Divvy can be used with any accounting software to allow users to look at their financial expenses. The software lets you set a budget, limit spending, and request funds. Additionally, Divvy lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card. These cards review your company finances and allow you to determine how much you’ll need to invest every month. As opposed to traditional business credit card, Divvy does not require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most competitive rates of interest for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Certain cards provide rewards for travel and shopping and some can be used to build your business’s credit.
There are a myriad of credit card issuers you could choose from, such as Chase. However, you should think about the way you intend to make use of a particular credit card. It is essential to choose the appropriate corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card provides solid rewards for various categories of purchases and even protects employees’ mobile phone bills.