If you’re thinking of creating your own business, the first important question you should ask yourself is “Can I get my business credit card?” The answer is a resounding yes but the process of obtaining an official business credit card can be a bit overwhelming and confusing. Here are a few things to know about how to get the credit card you need.
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Brex provides a broad range of financial services, including corporate credit cards spending management, as well as 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 credit histories. The applicants don’t have to pay interest or require an individual guarantee. Instead the applicants are evaluated on their financial model and spending habits.
Credit limits up to 100 percent are permitted for applicants. This limit is determined based on the amount of money that is in the customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
You can earn valuable rewards when you use a Brex Corporate credit card. For instance, you’ll earn four points on trips booked through Brex Travel. You can also earn three points on dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management tool. The card comes with a range of advantages, including a fixed 1.5 percent cashback on all purchases. The card doesn’t have annual fees and does not have any other requirements than having a high credit score.
A business credit card with low interest is a great option for startups. It is also possible to consider a business credit card that offers additional protection.
A low-interest business credit card are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about the amount of you can manage each month. This is especially applicable if you’re planning to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards designed for entrepreneurs. It provides many benefits, including a substantial reward for signing up, purchase protection, along with travel perks. However, it also has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any APR introductory promotions to be found and the spending cap could be too low for your business. It’s also not the most effective point-earning option.
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On the other side it is worth noting that the Ink Business Preferred Card offers many other beneficial features, including liability coverage, primary car rental coverage, and a shopping protection. If you’re a small-sized business owner, you’ll surely benefit from these benefits.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories and earn three points per dollar. In this case when you spend $500 on purchases with 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 who are just starting out seeking business cards. This card offers a variety of benefits and features. You can also keep track of your business expenses using this card.
Divvy integrates with other accounting software, allowing users to easily monitor financial expenses. The program allows you to make a budget, limit spending, and request funds. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also has a corporate card. These cards assess your company’s finances and determine how much you should spend every month. In contrast to traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure most competitive interest rates for business loans. They also offer rewards. For example one card, the Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Certain cards provide rewards for purchases and travel as well as others that are able to help build your credit score.
There are many credit card issuers you can select from, including Chase. You should also think about the way you intend to use the credit card. It is important to find an enterprise credit card that meets your specific requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a fantastic option. This card is a great way to earn rewards for various categories of purchases and also protects employees’ mobile phone bills.