For those that are starting an enterprise, one of the most important questions they’ll have 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 confusing and overwhelming. Here are some things you need to know about how to get the credit card you need.
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Brex 30
Brex provides a broad range of financial services, such as corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish credit histories. It doesn’t charge interest and don’t have to provide personal guarantees. Instead, applicants are assessed on the basis of their business model and spending patterns.
The applicants can enjoy up to 100 percent credit limit. This limit is determined by the amount of money the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. For example, you can earn four points on trips booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as an expense management tool. The card offers a variety of advantages, including a fixed 1.5 percent cashback on all purchases. The card is free of annual fees and doesn’t require any other conditions other than an excellent credit score.
For a startup business, the benefits of using a low-interest business credit card can be extremely appealing. It is also possible to look into a credit card for business that offers additional protection.
Business credit cards with low interest are very convenient because you don’t have to worry of managing multiple cards or worrying about the amount of money you’ll have to pay each month. This is particularly applicable if you’re planning to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards that are designed for startups. It provides many benefits, including a substantial initial bonus and purchase protection as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promos and the spending limit might not be suitable for your company. It’s also not the most generous points-earning option.
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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. As a small company owner, you’ll certainly benefit from these benefits.
Additionally to that, the Ink Business Preferred Card is an excellent way to earn points. Spend in certain categories , and you’ll earn three points per dollar. For instance, if you charge $500 on purchases to your card during the first three months, you’ll be eligible for an initial bonus of 100,000 points.
Divide
If you’re a new business owner in search of an enterprise credit card, you may want to think about Divvy. This kind of card comes with numerous advantages and features. It also lets you keep track of your business expenses.
Divvy works with external accounting software that allows users to quickly view financial expenses. The software allows you to set a budget, limit spending, and request funds. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has a corporate card. These cards look at your company’s finances and determine how much you can 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’s 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 secure the best rates of interest on 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 shopping and travelling, and others can be used to help increase your business’s credit.
There are a variety of credit card issuers you could pick from, including Chase. However, you should think about the way you intend to use a particular credit card. It is essential to locate a business credit card that will meet your needs.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card a great option. The card gives you solid rewards on different categories of purchases and even will pay for employees’ cell phone bills.