If you’re thinking of starting your own business, the most important question is “Can I get my business credit card?” The answer is yes but the process of obtaining an official business credit card can be a bit overwhelming and confusing. Here are some things you need to know about the process of getting a credit card.
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Brex 30
Brex provides a variety of financial services, such as corporate credit cards spending management, as well as 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 establish their credit histories. It doesn’t charge interest or offer personal guarantees. Instead, applicants are evaluated on the basis of their business model and spending habits.
Users can get 100 percent credit. This limit is determined by the amount of money in a customer’s 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 substantial rewards on purchases. For instance, you could get four points on travel booked through Brex Travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management solution. The card comes with a range of benefits, including a flat 1.5% cashback rate on all purchases. The card doesn’t have annual charges and doesn’t need any other qualifications other than having a high credit score.
For a startup business benefiting from a business credit card with low interest could be very appealing. You might also think about a business credit card with additional protection.
A low-interest business credit cards are extremely convenient since you don’t have the worry of managing multiple credit cards or worrying about how much you can manage each month. This is particularly 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 for new businesses. It offers a variety of advantages, including the highest sign-up bonus, purchase protection, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any initial APR promotions and the spending limit may not be appropriate for your business. This isn’t the most efficient points-earning strategy.
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The Ink Business Preferred Card, however, offers many other useful features like liability insurance, primary car rental coverage, shopping protection, and primary coverage for car rental. As a small business owner, you’ll surely benefit from these benefits.
The Ink Business Preferred Card is another great way to earn points. If you make purchases in certain categories, you’ll earn three points per dollar you spend. In this example the case of spending $500 on purchases on your card in the first three months, you’ll receive a 100,000-point welcome bonus.
Divvy
Divvy is a good option for business owners who are just starting out looking for a business card. This card has a variety of benefits and features. It also allows you to keep track of your business expenses.
Divvy is compatible alongside any other accounting software to allow users to see their financial expenses. The software lets you make a budget, limit spending, and request funds. It also lets you set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards evaluate your business finances and allow you to determine how much you should 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. Therefore, it’s essential to learn about the rates offered by the company before you apply.
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Chase Ultimate Rewards
Business credit cards provide a way to secure the best interest rates on business loans, and are also able to provide useful rewards. For example one card, the Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Some cards offer rewards for shopping and traveling while others can be used to help build your business’s credit.
Aside from the best business credit cards offered by Chase, there are other credit card issuers you can choose from. You should also think about the method of use for the credit card. It is essential to find the right corporate credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card offers solid rewards across a variety of categories and even covers employees’ mobile phone bills.