For those that are starting a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes but the process of obtaining an official business credit card can be confusing and overwhelming. Here are some things you need to be aware of before obtaining a credit card.
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Brex offers a wide variety of financial services, including corporate credit cards and spend management as well as expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build their credit history. Applicants don’t pay interest or have to provide a personal guarantee. Instead the applicants are evaluated based on their business model and their spending habits.
The applicants can enjoy up to a 100 percent credit limit. This limit is determined by the amount of money the customer has in their Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
You can earn valuable rewards when you use the Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spending management tool. The card offers a variety of benefits, including a standard 1.5 percent cashback on all purchases. There are no annual fees, and the card doesn’t require other requirements except for having a high credit score.
A low-interest business credit card is a great choice for businesses that are just starting out. A business credit card with additional security could be a good option.
Business credit cards with low interest are very convenient because you’re not burdened with the stress of managing multiple credit cards or worrying about the amount of you can manage each month. This is particularly important if you’re trying to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for startup companies. It offers many advantages, including a large initial bonus, purchase protection, and travel perks. However, it has a few 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 cap could be too low for your company. It’s not the most efficient point-earning option.
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On the other side however, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance and primary car rental coverage as well as a shopping security. These benefits are ideal for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. Spend in specific categories and you’ll earn three points per dollar. For instance, if you make a purchase of $500 to your credit card during the first three months, you’ll get an initial bonus of 100,000 points.
If you’re a new business owner in search of a business credit card, you may want to think about Divvy. This kind of card comes with various benefits and features. You can also keep track of your business expenses by using this card.
Divvy works with external accounting software and enables users to view their financial expenses. The software lets you create a budget, limit spending, and request funds. Divvy also allows you to set an expense limit for your employees.
Divvy also has a corporate card. These cards evaluate your business finances and assist you to determine how much you’ll need to spend every month. Contrary to traditional business credit cards, Divvy does not require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the most favorable interest rates on business loans, and can also offer useful rewards. For example one card, the Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Certain cards provide rewards for travel and shopping as well as other cards that can be used to help improve your company’s credit score.
There are a myriad of credit card issuers you could choose from, including Chase. However, you should think about the manner in which you utilize a specific credit card. It is important that you locate the best business credit card to meet your requirements.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card gives you solid rewards for a variety of purchase categories and even will pay for employees’ mobile phone costs.