If you are thinking of starting a business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is yes but the process of applying for a business credit card can be a bit overwhelming and confusing. Here are some things you need to know about the process of obtaining credit card.
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Brex 30
Brex provides a range of financial products, including corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups establish their credit history. Applicants don’t pay interest or provide personal guarantees. Instead the applicants are evaluated on their company’s business model and spending habits.
Credit limits of up to 100 percent are available to applicants. The 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 spending limit.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points for booking travel. You can also get 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 tool. The card comes with a host of benefits, including a flat 1.5 percent cash back rate on all purchases. The card is free of annual fees and does not have any other requirements than an excellent credit score.
For a startup business, the benefits of using a business credit card with low interest can be extremely appealing. It is also possible to look into a credit card for business that offers additional protection.
A low-interest business credit cards are extremely convenient since you’re not juggling the hassle of managing multiple credit cards or worrying about the amount of money you’ll be able to afford each month. This is especially relevant if you’re trying to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards available to start-up businesses. It offers a range of benefits, including an impressive sign-up bonus, purchase protection, and travel benefits. However, it also has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR deals and the spend limit might not be suitable for your business. Moreover, it’s not the most generous points-earning program.
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On the other hand the Ink Business Preferred Card offers numerous other useful features, including liability coverage and primary car rental coverage, and a shopping protection. These perks are great for small business owners.
Furthermore, the Ink Business Preferred Card is an excellent way to earn points. Spend in specific categories and you’ll earn three points per dollar. For example, if you charge $500 on purchases to your credit card during the first three months, you’ll get an initial bonus of 100,000 points.
Divvy
Divvy is a good option for entrepreneurs who are starting their business and looking for an enterprise card. This card comes with a wide range of advantages and features. You can also keep track of your business expenses by using this card.
The Divvy app can be used alongside any other accounting software to allow users to view their financial expenses. You can create budget, set maximum limits and request money. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also has corporate cards. These cards assess your company’s finances and determine the amount you’ll need to spend every month. Unlike 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 know the rate of the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure most favorable rates of interest for business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash back. Some cards offer rewards for shopping and travel while others can be used to improve your credit score.
Aside from the best business credit cards offered by Chase but there are many other credit card issuers you can turn to. It is important to consider how you will use the credit card. It is vital to choose the appropriate business credit card to meet your needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card gives you solid rewards for various purchase categories and even protects employees’ mobile phone costs.