For those who are just beginning 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 yes but the process of applying for an official business credit card can be a bit overwhelming and confusing. Here are some things to be aware of when applying for an credit card.
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Brex 30
Brex offers a variety of financial products, including corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them establish their credit histories. The cardholders don’t have to pay any interest and don’t have to provide personal guarantees. Instead applicants are evaluated based on their budget and business model.
The applicants can enjoy up to a 100 percent credit limit. The limit is determined by the amount of money the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards when you use the Brex Corporate credit card. For instance, you’ll 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 also be used as a spending management tool. It comes with a myriad of benefits including a flat 1.5% cash back rate on all purchases. There are no annual fees, and the card does not have other requirements except for a good credit score.
A business credit card with a low-interest rate is a great option for businesses that are just starting out. You may also want to consider a business credit card that offers additional protection.
A business credit card with a low-interest rate are extremely convenient since you’re not burdened with the stress of managing multiple cards or worrying about the amount of money you’ll have to pay each month. This is particularly relevant if you’re trying 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 offers a range of benefits, like an excellent sign-up bonus purchase security, and travel perks. However, it has some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions and the spending limit might not be suitable for your business. It’s also not the most effective points-earning strategy.
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The Ink Business Preferred Card, however, offers many other useful features, including liability coverage primary car rental coverage shopping protection, as well as primary coverage for rental cars. As a small-scale business owner, you’ll definitely benefit from these perks.
The Ink Business Preferred Card is another great method to earn points. If you make purchases in certain categories, you can earn three points for every dollar you spend. For example, if you charge $500 in purchases to your card in the first three months, you’ll get an initial bonus of 100,000 points.
Divvy
The Divvy is a great option for startup business owners seeking an enterprise card. This card offers a variety of advantages and features. You can also monitor your business expenses with this card.
Divvy is compatible with external accounting software, allowing users to easily view financial expenses. You can then create budgets, set the limits, and request funds. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also offers a corporate credit card. These cards evaluate your business finances and allow you to decide how much money you can spend each month. Unlike traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the most favorable interest rates for business loans, and also provide valuable rewards. For example a Chase Ultimate Rewards business credit card can earn bonus points that could be converted to cash back. Certain cards provide rewards for shopping and travel and others are able to help build your credit score.
There are many credit card issuers that you can pick from, including Chase. You must also think about what you intend to do with the credit card. It is vital to locate the best corporate credit card for your needs.
Small business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. The card provides solid rewards for various categories of purchases and even will pay for employees’ mobile phone costs.