For those who are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although there is a yes answer it can be a bit daunting and confusing to apply for a business credit card. Here are a few things you need to know about the process of obtaining an credit card.
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Brex 30
Brex offers a variety of financial services like corporate credit cards along with spend management and expense management software. It provides an all-in-one financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build their credit history. It doesn’t charge interest or provide personal guarantees. Instead applicants are evaluated based on their financial model and spending habits.
The applicants can enjoy up to 100 percent credit. The limit is by the amount of cash in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards by using a Brex Corporate credit card. Brex Travel offers four points to book 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 a spend management solution. The card offers a slew of benefits including a standard 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card does not have other requirements other than an excellent credit score.
A low-interest business credit line is a great choice for new businesses. A business credit card with additional security could be a good option.
One of the primary features of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you can afford to pay off every month. This is particularly true if you’re looking to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards available to start-up businesses. It offers a variety of benefits, like a high sign-up bonus, purchase protection, and travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR deals and the spend limit may not be appropriate for your business. In addition, it’s not exactly the most generous point-earning system.
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On the other side, the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage as well as a shopping security. If you’re a small-sized business owner, you’ll definitely benefit from these benefits.
Additionally to that, the Ink Business Preferred Card is an excellent way to earn points. If you make purchases in certain categories, you can earn 3 points for every dollar you spend. For instance, if make a purchase of $500 to your credit card during the first three months, you’ll receive a welcome bonus of 100,000 points.
Divvy
If you’re a startup business owner in search of a business credit card you might want consider Divvy. This kind of card comes with numerous advantages and features. You can also track your business expenses with this card.
Divvy can be integrated alongside any other accounting software that allows users to see their financial expenses. You can then create a budget, set limits, and request money. It also lets you set the spending limit for your employees.
Divvy also offers corporate cards. These cards assess your business’ finances and help you decide how much money you can spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to learn about the rates offered by the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure best rates of interest on business loans and provide valuable rewards. For instance a Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash. Some cards offer rewards for travel and shopping, and others can be used to to build credit for your business.
There are numerous 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 crucial to find the right business credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card provides solid rewards on a variety of purchase categories and also covers cell phone bills.
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