For those who are just beginning a business, 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 however the process of applying for an enterprise credit card can be a bit overwhelming and confusing. Here are a few things you need to know about the process of obtaining an credit card.
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Brex provides a broad range of financial services, including corporate credit cards and spend management as well as expense management software. Brex provides a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an credit card that assists entrepreneurs build credit histories. The applicants don’t have to pay interest or require a personal guarantee. Instead the applicants are evaluated based on their company’s business model and their spending habits.
Credit limits of up to 100 percent are permissible for applicants. The limit is determined by the amount of money that is in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a 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 for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card as well as a spending management system. The card comes with a host of benefits including a standard 1.5 percent cash back rate on all purchases. There are no annual fees and the card doesn’t have any other requirements other than having a credit score of at least.
A low-interest business credit card is a great option for startups. A business credit line with additional security might be a possibility.
One of the main advantages of a low interest business credit card is that you don’t have to worry about managing multiple cards or worrying about the amount you can afford to pay off each month. This is particularly relevant if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards designed for entrepreneurs. It offers many advantages, including a large sign-up bonus as well as purchase protection along with travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any initial APR promotions and the spending limit might not be suitable for your business. Moreover, it’s not the most generous points-earning option.
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On the other hand, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage as well as primary coverage for car rental and a shopping insurance. As a small business owner, you’ll surely enjoy these benefits.
Furthermore that, the Ink Business Preferred Card is a great way to earn points. When you spend in certain categories, you’ll earn three points per dollar you spend. In this example the case of spending $500 on purchases made with your card within the first three months, you’ll be awarded a 100,000 points welcome bonus.
Divvy is an excellent choice for business owners in the beginning seeking a business card. This type of card comes with numerous advantages and features. It also lets you keep track of your business expenses.
Divvy works with external accounting software that allows users to easily view the financial expenses. You can create budgets, set limits on spending and request money. You can also set an amount of money you can spend for your employees.
Divvy also offers a corporate card. The cards analyze your company’s finances and determine the amount 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. Therefore, it is important to learn about the rates offered by the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best rates of interest for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash or cash back. Certain cards provide rewards for purchases and travel and others can be used to boost your credit score.
There are many credit card issuers you could pick from, including Chase. However, you must think about the way you intend to use a particular credit card. It is crucial to select the correct business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. The card is a good option for earning rewards for a variety of purchase categories and even protects employees’ mobile phone bills.