If you’re starting a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes but the process of obtaining a business credit card can be daunting and confusing. Here are some things you need to be aware of before obtaining a credit card.
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Brex provides a broad range of financial services, such as corporate credit cards spending management, as well as expense management software. It offers a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build their credit history. It doesn’t charge interest or provide personal guarantees. Instead the applicants are evaluated on their company’s business model and their spending habits.
Users can get 100 percent credit limit. This limit is determined by the amount customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards when you use the Brex Corporate credit card. Brex Travel offers four points to book travel. You can also earn three points on dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a budget management tool. The card offers a slew of benefits, including a flat 1.5% cash back rate on all purchases. The card is free of annual fees and doesn’t have any other conditions other than a good credit rating.
If you are a new business, the benefits of using a low-interest business credit card can be extremely appealing. A business credit card with added security may be an option.
One of the most important advantages of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you can afford to pay off every 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 has many benefits, including a substantial sign up bonus, purchase protection, and travel perks. However, it also has a few drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any introductory APR promotions available, and the spending limit could 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, however provides a range of useful features such as liability coverage and primary coverage for car rentals, shopping protection, and primary car rental coverage. If you’re a small business owner, you’ll definitely get these benefits.
The Ink Business Preferred Card is another excellent method to earn points. Spend in specific categories and you’ll earn three points per dollar. For example for example, if you spend $500 on purchases with your card within the first three months, you’ll get a 100,000 point welcome bonus.
If you’re a start-up business owner looking for a credit card for business you might want to consider Divvy. The card comes with a range of advantages and features. It also lets you monitor your business expenses.
The Divvy app can be used with any external accounting software to allow users to look at their financial expenses. The program allows you to set a budget, limit spending and even request money. You can also set an expense limit for your employees.
Divvy also offers a corporate card. These cards look at your company’s financial situation and decide on how much you can spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards provide the chance to secure best rates of interest on business loans, and they are also able to provide useful rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Some cards offer rewards for shopping and traveling and some can be used to increase your business’s credit.
There are many credit card issuers you could pick from, including Chase. You should also think about the way you intend to use the credit card. It is essential to find the right corporate credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card gives you solid rewards for various categories of purchases and even will pay for employees’ mobile phone bills.