For those who are just beginning an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes it can be difficult and confusing to apply for an enterprise credit card. Here are a few things you need to know about the process of obtaining a credit card.
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Brex 30
Brex offers a wide range of financial services, including corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that helps startups establish credit histories. The applicants don’t pay interest or need to provide a personal guarantee. Rather, applicants are evaluated by the business model of the company and spending habits.
Credit limits of up to 100 percent are permissible for applicants. This limit is based on the amount of money in the customer’s Brex Cash account. Every day the Brex Card draws from the account to determine the limit of its spending.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. For instance, you’ll earn four points on travel booked through Brex Travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spending management tool. The card comes with a range of benefits, including a flat 1.5% cashback rate on all purchases. The card does not have annual charges and doesn’t need any other requirements other than having a credit score of at least.
For a startup business benefiting from a business credit card that is low-interest can be extremely appealing. A business credit line with added security may be a good option.
One of the main features of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about the amount you can afford to pay each month. This is especially true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It offers a range of benefits, including a high sign-up bonus, purchase security, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any APR introductory promotions available, and the spending limit may be too low for your company. It’s also not the most generous points-earning option.
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On the other hand, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance as well as primary coverage for car rental and a shopping protection. If you’re a small business owner, you’ll surely get these benefits.
Additionally that, the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories and earn three points per dollar. For instance, if add $500 worth of purchases to your credit card during the first three months, you’ll be eligible for an initial bonus of 100,000 points.
Divide
Divvy is a good option for startup business owners looking for an business card. This card offers a variety of advantages and features. You can also keep track of your business expenses by using this card.
Divvy can be used with any external accounting software to allow users to see their financial expenses. You can create budget, set maximum limits and request money. Divvy also allows you to set an expense limit for your employees.
Divvy also offers a corporate card. These cards assess your company’s finances and determine 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. Therefore, it’s essential to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards are an opportunity to secure the best interest rates on business loans, and they can also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash back. Some cards offer rewards for purchases and travel while others are able to help build your credit score.
Apart from the top business credit cards from Chase, there are other credit card issuers you can turn to. You should also think about what you intend to do with the credit card. It is important that you choose the appropriate business credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card is a good option for earning rewards for a variety of purchase categories and even covers employees’ mobile phone bills.