For those that are starting a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes, but the process of getting an official business credit card can be a bit overwhelming and confusing. Here are a few things to be aware of before obtaining credit card.
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Brex 30
Brex provides a range of financial services , including corporate credit cards along with spend management and 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 applicants don’t pay interest or require a personal guarantee. Instead the applicants are evaluated based on their business model and spending habits.
Customers can get up to 100 percent credit. This limit is determined based on the amount of cash in a customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. For instance, you can earn four points on trips booked through Brex Travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card and a spend management system. The card offers a variety of benefits, including a flat 1.5% cashback rate on all purchases. The card is free of annual fees and doesn’t have any other conditions other than having a high credit score.
A low-interest business credit line is a great choice for startups. You might also look into a credit card for business with 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 be able to afford each month. This is especially relevant if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards for new businesses. It offers many advantages, including a large initial bonus as well as purchase protection as well as travel benefits. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any promotional APR promotions to be found, and the spending cap may be too low for your business. In addition, it’s not exactly the most generous point-earning system.
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The Ink Business Preferred Card, on the other hand, offers many other useful features, such as liability coverage primary coverage for car rentals shopping protection, as well as primary coverage for car rentals. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories and earn 3 points for every dollar. For example for example, if you spend $500 on purchases to your card in the first three months, you will receive a 100,000-point welcome bonus.
Divvy
The Divvy card is a great choice for entrepreneurs who are starting their business and looking for a business card. This kind of card comes with many benefits and features. You can also track your business expenses with this card.
The Divvy app can be used with any accounting software that allows users to view their financial expenses. You can create budgets, set limits on spending and request money. You can also set an expense limit for your employees.
Divvy also offers a corporate credit card for businesses. The cards analyze your company’s finances and decide how much you’ll have to spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards provide the chance to secure best rates of interest on business loans, and they can also provide valuable rewards. For example, a Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash. Some cards offer rewards for shopping and traveling and others can be used to improve your credit score.
There are a variety of credit card issuers you could choose from, such as Chase. But, you must consider the ways you will make use of a particular credit card. It is vital to select the correct corporate credit card for your requirements.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card a great option. This card is a great way to earn rewards on various purchase categories, and it even covers employees’ cell phone bills.