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?” Although there is a yes answer it can be a bit challenging and overwhelming to apply for a business credit card. Here are some tips to be aware of the process of obtaining credit card.
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Brex offers a wide variety of financial services, including corporate credit cards spending management, as well as expense management software. Brex offers a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups build their credit score. It doesn’t charge interest and don’t have to offer a personal guarantee. Instead applicants are evaluated on their financial model and spending habits.
Credit limits of up to 100 percent are permissible for applicants. This limit is determined by the amount of money 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 when you use a Brex Corporate credit card. Brex Travel offers four points to book travel. You can also receive three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spending management tool. It comes with a myriad of benefits, including a flat 1.5 percent cash-back rate on all purchases. There are no annual fees and the card doesn’t require other requirements other than a good credit score.
A business credit card with a low-interest rate is a great choice for those who are just starting out. A business credit line with added security may be a good option.
One of the key advantages 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’ll be able to pay off each month. This is particularly applicable if you’re planning to finance large expenditures.
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 substantial sign-up bonus along with purchase protection, as well as travel benefits. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions available, and the spending limit may be too low for your company. It’s not the most efficient points-earning feature.
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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 coverage for car rentals. These perks are great for small-scale business owners.
Furthermore it is worth noting that the Ink Business Preferred Card is a great method to earn points. Spend in certain categories and earn three points per dollar. In this instance when you spend $500 on purchases to your card in the first three months, you’ll be awarded a 100,000 points welcome bonus.
Divvy is a good option for business owners who are just starting out seeking an enterprise card. This type of credit card provides numerous benefits and features. You can also keep track of your business expenses by using this card.
Divvy can be integrated with any accounting software that allows users to look at their financial expenses. You can then create budgets, set limits, and request money. Additionally, Divvy lets you set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. The cards analyze your company’s financial situation and decide on how much you’ll have to spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to be aware of the company’s rates before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be the chance to secure best interest rates on business loans. They can also offer valuable rewards. For example a Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Some cards offer rewards for shopping and traveling while others can be used to improve your company’s credit score.
Apart from the top business credit cards offered by Chase, there are other credit card issuers that you can turn to. You should also consider the method of use for the credit card. It is essential to find the right corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card offers solid rewards for various categories of purchases, and it even covers employees’ cell phone bills.