For those that are 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 yes but the process of applying for the business credit card could be overwhelming and confusing. Here are a few points you should be aware of about the process of getting credit card.
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Brex provides a range of financial services including corporate credit cards along with spend management and expense management software. It offers a complete financial solution for new businesses.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish credit histories. It doesn’t charge interest or need to provide a personal guarantee. Instead, applicants are assessed by the company’s business model and spending habits.
Applicants can have up to a 100 percent credit limit. This limit is by the amount of money in the customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its limit for spending.
You can earn significant rewards using a Brex Corporate credit card. Brex Travel offers four points to book travel. Additionally, you can earn three points on dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spending management solution. The card provides a range of benefits, including a flat 1.5% cashback rate on all purchases. There are no annual fees, and the card doesn’t have other requirements other than having a high credit score.
For businesses that are just starting out benefiting from a business credit card that is low-interest could be very appealing. You may also consider a business credit card which offers additional security.
One of the most important features of a low-interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll be able to pay each month. This is especially true if are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards designed for start-up businesses. It comes with a range of benefits, including an excellent sign-up bonus purchase security, and travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promotions and the spending limit may not be appropriate for your business. It’s also not the best points-earning program.
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On the other side, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance, primary car rental coverage, and a shopping protection. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For instance, if charge $500 on purchases to your card in the first three months, you’ll be eligible for a welcome bonus of 100,000 points.
The Divvy card is a great choice for business owners who are just starting out seeking an business card. This card offers a variety of benefits and features. It also lets you keep track of your business expenses.
Divvy works with external accounting software, and allows users to easily monitor the financial expenses. The program allows you to create a budget, restrict spending and even request money. It also lets you set a spending limit for your employees.
Divvy also offers a corporate card. The cards analyze your company’s financial situation and decide on how much you can spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is important to find out the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest interest rates for business loans and provide valuable rewards. For instance the Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash back. Certain cards provide rewards for shopping and travel as well as other cards that can be used to help improve your company’s credit score.
There are a myriad of credit card issuers that you can choose from, such as Chase. But, you must consider the way you intend to use a particular credit card. It is vital to choose the appropriate business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card gives you solid rewards for various categories of purchases and even protects employees’ mobile phone expenses.