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?” While there is a yes answer, it can be challenging and overwhelming to apply for a business credit card. Here are some things you should know about the process of getting a credit card.
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Brex offers a variety of financial products, including corporate credit cards, 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 a credit card for start-ups that helps them build their credit score. The applicants don’t pay interest or have to provide a personal guarantee. Instead the applicants are evaluated based on their company’s budget and business model.
Credit limits as high as 100 percent are allowed for applicants. This limit is determined based on the amount of money in a customer’s 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 rewards on purchases. For instance, you could get four points on travel booked through Brex Travel. Additionally, you can 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 comes with a range of benefits, including a simple 1.5 percent cashback rate on all purchases. There are no annual fees, and the card doesn’t require other requirements except for having a high credit score.
A business credit card with low interest is a great option for startups. A business credit card with added security may be a possibility.
Business credit cards with low interest are very convenient because you’re not burdened with the stress of managing multiple cards or worrying about how much money you can afford each month. This is particularly true if you’re looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for startups. It offers a variety of benefits, like an excellent sign-up bonus purchase protection, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promos and the spending limit might not be suitable for your business. It’s also not the best points-earning strategy.
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The Ink Business Preferred Card, however, offers many other useful features such as liability coverage as well as primary car rental coverage shopping protection, as well as primary coverage for car rental. As a small-scale company owner, you’ll certainly enjoy these benefits.
Moreover, the Ink Business Preferred Card is a great opportunity to earn points. When you spend in specific categories, you’ll earn three points per dollar you spend. For example for example, if you spend $500 on purchases on your card in the first three months, you will receive a 100,000 point welcome bonus.
The Divvy is a great option for business owners in the beginning seeking an enterprise card. The card comes with a range of advantages and features. It also allows you to monitor your business expenses.
Divvy can be integrated alongside any other accounting software that allows users to see their financial expenses. You can create budget, set limits, and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers corporate cards. These cards look at your company’s finances and decide how much you can spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be a way to secure the highest interest rates for business loans, and can also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash or cash back. Certain cards provide rewards for shopping and travel, and others can be used to help build your business’s credit.
There are a myriad of credit card issuers to choose from, including Chase. But, you must consider the manner in which you make use of a particular credit card. It is vital to locate the best business 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 purchase categories and even protects employees’ mobile phone bills.