For those who are just beginning an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however the process of applying for the business credit card could be overwhelming and confusing. Here are some things you need to learn about getting an credit card.
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Brex offers a variety of financial products, including corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit history. Applicants don’t pay interest or provide an individual guarantee. Instead, applicants are evaluated by the company’s business model and spending habits.
Credit limits up to 100 percent are allowed for applicants. The limit is determined based on the amount of money that is in a customer’s Brex Cash account. Each day the Brex Card draws from the account to determine the limit of its spending.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. For example, you can get four points on travel booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and a spend management tool. The card offers a slew of benefits, including a flat 1.5 percent cash back rate on all purchases. There are no annual fees and the card does not have other requirements aside from having a credit score of at least.
For businesses that are just starting out, the benefits of using the low-interest business credit cards are a great deal. You may also look into a business credit card with additional protection.
A low-interest business credit cards are very convenient because you’re not juggling the hassle of managing multiple cards or worrying about the amount of money you’ll be able to afford each month. This is especially true if 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 designed for entrepreneurs. It offers a variety of benefits, like an impressive sign-up bonus, purchase protection, as well as travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any promotional APR promotions to be found and the spending limit could be too low for your company. Furthermore, it’s not the most generous points-earning program.
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On the other hand however, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage in addition to primary car rental insurance and a shopping protection. These perks are perfect for small-scale business owners.
Furthermore, the Ink Business Preferred Card is an excellent method to earn points. When you spend in specific categories, you’ll earn three points per dollar you spend. For example, if you spend $500 on purchases on your card in the first three months, you’ll receive a 100,000 point welcome bonus.
The Divvy is a great option for business owners in the beginning seeking an business card. This type of card comes with various advantages and features. You can also track your business expenses with this card.
Divvy is compatible with external accounting software, allowing users to easily monitor the financial expenses. You can create budgets, set the limits on spending and request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers a corporate card. These cards look at your company’s financial situation and decide on how much you’ll have to spend each month. Divvy doesn’t 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 prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable rates of interest for business loans, and also provide valuable rewards. For instance the Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash back. Some cards offer rewards for shopping and travel, while others can be used to boost your credit score.
Apart from the top business credit cards offered by Chase but there are many other credit card issuers are available to. You must also think about how you will use the credit card. It is important to select the best business credit card that suits your specific needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. This card offers solid rewards on various purchase categories, and it even covers cell phone bills.