For those who are just beginning 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 the business credit card could be confusing and overwhelming. Here are a few things to be aware of when applying for an credit card.
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Brex offers a variety of financial services including corporate credit cards along with spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them build their credit history. It doesn’t charge interest or provide an individual guarantee. Instead the applicants are evaluated based on their business model and spending habits.
The applicants can enjoy up to 100 percent credit limit. This limit is determined by the amount of money a customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine the limit of its spending.
You can earn rewards with a Brex Corporate credit card. For instance, you could earn four points on travel booked through Brex Travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spending management solution. It offers a wide range of benefits, including a standard 1.5 percent cashback on all purchases. There are no annual fees and the card does not have other requirements other than an excellent credit score.
A low-interest business credit line is a great option for new businesses. You might also look into a credit card for business which offers additional security.
A low-interest business credit cards are very convenient because you don’t have the worry of managing multiple credit cards or worrying about the amount of money you’ll be able to afford each month. This is especially important if you’re trying to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards designed for start-up companies. It comes with a range of advantages, including a high sign-up bonus, purchase protection, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any APR introductory promotions available, and the spending limit may be too low for your business. It’s also not the most generous points-earning program.
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On the other side however, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance and primary car rental coverage and a shopping protection. As a small business owner, you’ll surely benefit from these benefits.
The Ink Business Preferred Card is another excellent way to earn points. Spend in specific categories and you’ll earn three points per dollar. In this instance the case of spending $500 on purchases made with your card in the first three months, you will receive a 100,000-point welcome bonus.
If you’re a new business owner looking for an account for business credit you might want to consider Divvy. This type of card offers many advantages and features. You can also track your business expenses with this card.
Divvy can be used with any external accounting software to allow users to monitor their financial expenses. The software lets you set a budget, limit spending and even request money. Divvy also allows you to set the spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. The cards analyze your company’s finances and decide how much you’ll have to 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 before you apply.
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Chase Ultimate Rewards
Business credit cards are an opportunity to secure the highest interest rates for business loans, and they can also offer valuable rewards. For instance, a Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Some cards offer rewards for shopping and traveling and others can be used to build your credit score.
There are a myriad of credit card issuers you could select from, including Chase. You should also think about how you will use the credit card. It is important that you choose the appropriate business credit card that meets your requirements.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card is a great way to earn rewards on various purchase categories and also will pay for employees’ cell phone bills.