If you’re starting an enterprise, one of 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 applying for an official business credit card can be daunting and confusing. Here are some tips 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 spending management, as well as expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit score. It doesn’t charge interest or require personal guarantees. Instead, applicants are evaluated based on their company’s business model and spending habits.
Applicants can have up to 100 percent credit limit. This limit is 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 spending limit.
You can earn rewards when you use the Brex Corporate credit card. For instance, you can earn four points on trips booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and spending management tool. The card provides a range of advantages, including a fixed 1.5 percent cashback on all purchases. There are no annual charges, and the card doesn’t have any other requirements except for having a high credit score.
A low-interest business credit card is a great choice for those who are just starting out. You may also think about a business credit card that provides additional security.
One of the most important advantages 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 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 range of benefits, such as an impressive sign-up bonus, purchase protection, and travel perks. It has some downsides.
The Ink Business Preferred Card may not be perfect. There are no introductory APR offers and the spending limit might not be suitable for your company. Furthermore, it’s not the most generous points-earning option.
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On the other hand it is worth noting that the Ink Business Preferred Card offers several other valuable features, such as liability insurance, primary car rental coverage as well as a shopping security. These perks are perfect for small business owners.
Moreover, the Ink Business Preferred Card is a great method to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this instance when you spend $500 on purchases with your card within the first three months, you will receive a 100,000 point welcome bonus.
Divide
If you’re a startup business owner in search of a credit card for business, you may want to think about Divvy. This card has a variety of benefits and features. You can also monitor your business expenses with this card.
Divvy can be used with accounting software, allowing users to quickly view the financial expenses. The program lets you create a budget, restrict spending, and request funds. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business’s finances and determine how much you can spend every month. Contrary to traditional business credit cards, Divvy does not require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to learn about the rates offered by the company before applying.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the highest interest rates for business loans, and they can also provide valuable rewards. For instance, a Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Some cards offer rewards for shopping and travel and some can be used to help increase your business’s credit.
There are a myriad of credit card issuers you can choose from, such as Chase. However, you must think about the manner in which you make use of a particular credit card. It is essential to select the correct corporate credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card gives you solid rewards on different categories of purchases as well as will pay for employees’ cell phone bills.