For those who are 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 an official business credit card can be overwhelming and confusing. Here are some things to learn about getting the credit card you need.
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Brex provides a variety of financial services, such as corporate credit cards spending management, as well as expense management software. Brex offers a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an account 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.
Credit limits as high as 100 percent are permitted for applicants. The limit is determined by the amount a customer has in their Brex Cash account. Each 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 can earn four points when you 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 small business credit card that can also be used as a budget management tool. It offers a wide range of benefits, including a flat 1.5 percent cashback on all purchases. There are no annual fees and the card does not have other requirements except for having a high credit score.
For businesses that are just starting out one of the advantages of using a business credit card with low interest can be extremely appealing. You may also want to 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 juggling multiple cards or worrying about how much you’ll be able to pay off every month. This is especially true if you’re looking to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It provides many advantages, including a large initial bonus along with purchase protection, as well as travel perks. However, it also has a few drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any APR introductory promotions to be found and the spending cap may be too low for your company. It’s also not the most generous points-earning feature.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features, including liability coverage as well as primary car rental coverage, shopping protection, and primary coverage for rental cars. These benefits are ideal for small business owners.
Moreover it is worth noting that the Ink Business Preferred Card is an excellent method to earn points. When you spend in specific categories, you’ll earn 3 points per dollar you spend. In this instance for example, if you spend $500 on purchases made with your card within the first three months, you’ll get a 100,000 point welcome bonus.
If you’re a business owner in search of an enterprise credit card you might want consider Divvy. This type of credit card provides numerous benefits and features. It also allows you to monitor your business expenses.
Divvy integrates with other accounting software, allowing users to easily view the financial expenses. You can create budget, set limits, and request money. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards assess your business financial situation and help you decide on how much you’ll need to invest every month. Contrary to traditional business credit cards, Divvy doesn’t require a personal guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the best rates of interest on business loans, and they are also able to provide useful rewards. For instance, a Chase Ultimate Rewards business credit card can earn bonus points that could be converted to cash back. Some cards offer rewards for shopping and travel, while others can be used to improve your credit score.
In addition to the top business credit cards from Chase, there are other credit card issuers that you can use. You should also consider what you intend to do with the credit card. It is essential to locate a business credit card that is suitable for your particular needs.
Small business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. The card is a good option for earning rewards across a variety of categories and even protects employees’ mobile phone expenses.