If you’re starting the business of their own, 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 tips to be aware of the process of getting the credit card.
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Brex 30
Brex offers a variety of financial services like corporate credit cards as well as spend management and expense management software. It provides an all-in-one financial solution for startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups establish their credit history. It doesn’t charge interest or provide personal guarantees. Rather, applicants are evaluated on the basis of their business model and spending patterns.
Users can get 100 percent credit. This limit is determined by the amount customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards using a Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also receive three points when dining out.
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Capital on Tap
Capital on Tap is a small 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 charges, and the card does not have other requirements except for a good credit score.
If you are a new business, the benefits of using a business credit card that is low-interest are a great deal. You may also look into a credit card for business with additional protection.
One of the primary advantages of a low interest business credit card is that you don’t need to worry about managing multiple cards or worrying about how much you’ll be able to pay off each month. This is especially true if are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for new companies. It provides a wide range of benefits, like the highest sign-up bonus, purchase protection, as well as travel perks. It has some downsides.
The Ink Business Preferred Card may not be ideal. There are no introductory APR promotions available, and the spending limit may be too low for your company. It’s also not the most generous points-earning program.
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On the other side, the Ink Business Preferred Card offers many other beneficial features, including liability coverage as well as primary coverage for car rental as well as a shopping security. As a small-scale business owner, you’ll definitely get these benefits.
The Ink Business Preferred Card is another excellent way to earn points. When you spend money in certain categories, you can earn three points per dollar you spend. In this example, if you spend $500 on purchases to your card in the first three months, you’ll get a 100,000 point welcome bonus.
Divide
If you’re a startup business owner looking for an account for business credit you might want to consider Divvy. This type of card offers many benefits and features. It also allows you to keep track of your business expenses.
Divvy can be used alongside any other accounting software that allows users to see their financial expenses. The software lets you make a budget, limit spending and even request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. These cards assess your company’s finances and determine how much you’ll have to spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards offer the opportunity to get the most favorable interest rates on business loans. They can also offer valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted into cash back. Some cards offer rewards for shopping and travelling as well as other cards that can be used to help improve your company’s credit score.
There are many credit card issuers you could choose from, such as Chase. But, you must consider the ways you will use a particular 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 viable option for a small business owner. The card provides solid rewards for a variety of purchase categories and even covers mobile phone expenses.