If you’re thinking about creating an enterprise, the most important question you should ask yourself is “Can I get my business credit card?” The answer is a resounding yes however the process of getting the business credit card could be confusing and overwhelming. Here are a few points you should be aware of about the process of obtaining an credit card.
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Brex provides a range of financial services like corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish their credit history. Applicants don’t pay interest or offer personal guarantees. Instead, applicants are rated on the basis of their business model and spending habits.
Applicants can have up to 100 percent credit limit. This 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.
With the Brex Corporate Credit Card You can earn rewards on purchases. For instance, you can earn four points on trips booked through Brex Travel. You can also receive 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 budget management tool. The card comes with a host 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, aside from a good credit score.
For a business that is just beginning, the benefits of using a business credit card with low interest could be very appealing. A business credit card that comes with added security may be a possibility.
A low-interest business credit card are extremely convenient since you’re not juggling the hassle of managing multiple credit cards or worrying about how much money you’ll have to pay each month. This is especially 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 for startups. It provides a wide range of advantages, including an excellent sign-up bonus purchase protection, as well as travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any APR introductory promotions available, and the spending limit may be too low for your business. This isn’t the most efficient point-earning option.
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On the other side, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance, primary car rental coverage and a shopping insurance. These perks are great for small-scale business owners.
Moreover to that, the Ink Business Preferred Card is an excellent way to earn points. When you spend in specific categories, you’ll earn 3 points per dollar you spend. In this example when you spend $500 on purchases with your card within the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy is a good option for business owners in the beginning seeking an business card. This card comes with a wide range of benefits and features. You can also keep track of your business expenses using this card.
Divvy can be used with any external accounting software that allows users to view their financial expenses. The software lets you set a budget, limit spending, and request funds. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. These cards assess your company’s finances and decide how much you’ll have to spend each month. In contrast to traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest rates of interest on business loans and offer valuable rewards. For instance one card, the Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash back. Certain cards provide rewards for shopping and travel while others can be used to boost your credit score.
There are a myriad of credit card issuers that you can pick from, including Chase. You must also think about how you will use the credit card. It is important to find the right business credit card that meets your specific needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a fantastic option. This card gives you solid rewards for various purchase categories and even covers employees’ mobile phone bills.