If you are thinking of starting an enterprise, the most important question is “Can I get my business credit card?” While the answer is yes it can be difficult and confusing to apply for a business credit card. Here are some things to be aware of before obtaining the credit card you need.
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Brex provides a broad range of financial services, such as 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 a credit card designed to help start-ups build credit histories. The cardholders don’t have to pay any interest or provide personal guarantees. Rather, applicants are evaluated by the business model of the company and spending patterns.
Users can get 100 percent credit limit. This limit is determined based on the amount of money in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
You can earn rewards using a Brex Corporate credit card. Brex Travel offers four points to book travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spending management tool. The card offers a variety of benefits, including a flat 1.5% cashback rate on all purchases. The card has no annual fees and doesn’t require any other requirements other than a good credit rating.
A business credit card with low interest is a great option for startups. A business credit line with additional protection may be a possibility.
A low-interest business credit card are very convenient because you’re not juggling the hassle of managing multiple cards or worrying about the amount of money you can afford each month. This is especially true if you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for startup businesses. It offers a variety of advantages, including an impressive sign-up bonus, purchase protection, and travel perks. However, it has several drawbacks.
The Ink Business Preferred Card may not be ideal. There are no introductory APR promotions available, and the spending limit could be too low for your business. It’s also not the most effective points-earning feature.
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On the other hand the Ink Business Preferred Card offers many other beneficial features, such as liability insurance, primary car rental coverage as well as a shopping security. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you can earn 3 points per dollar you spend. In this case when you spend $500 on purchases with your card in the first three months, you will get a 100,000 point welcome bonus.
If you’re a startup business owner in search of a credit card for business, you may want to consider Divvy. This type of credit card provides many benefits and features. You can also keep track of your business expenses by using this card.
Divvy is compatible with external accounting software and enables users to easily view the financial expenses. The program lets you set a budget, limit spending and request money. You can also set an expense limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards assess your company’s finances and decide how much you’ll have to spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is essential to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest rates of interest on business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash back. Some cards offer rewards for travel and shopping and some can be used to help increase your business’s credit.
There are many credit card issuers you could select from, including Chase. But, you must consider the ways you will use a particular credit card. It is crucial to choose the appropriate business credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card offers solid rewards for various categories of purchases, and it even covers cell phone bills.