If you are thinking of creating your own business, the most important question you should ask yourself is “Can I get my business credit card?” While there is a yes answer but it can be difficult and confusing to apply for a business credit card. Here are some things you need to know about the process of obtaining an credit card.
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Brex offers a variety of financial services like corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is an account that helps startups build their credit history. The applicants don’t have to pay interest or have to provide personal guarantees. Instead applicants are evaluated based on their financial model and spending habits.
Applicants can have up to a 100 percent credit limit. This 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 rewards on purchases. For instance, you could earn four points when you 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 small-sized business credit card that can be used as an expense management tool. The card comes with a range of benefits, including a flat 1.5 percent cashback on all purchases. There are no annual charges, and the card does not have other requirements except for having a high credit score.
A low-interest business credit line is a great choice for those who are just starting out. A business credit card that offers additional security could be a good option.
A business credit card with a low-interest rate are very convenient because you’re not juggling the hassle of managing multiple credit cards or worrying about how much money you’ll have to pay each month. This is especially applicable if you’re planning to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for new companies. It comes with a variety of benefits, including a substantial sign-up bonus, purchase protection, along with travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any introductory APR offers 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 however, the Ink Business Preferred Card offers many other beneficial features, including liability coverage as well as primary coverage for car rental and a shopping protection. As a small-scale company owner, you’ll certainly enjoy these benefits.
The Ink Business Preferred Card is another great way to earn points. When you spend in specific categories, you can earn three points for every dollar you spend. In this instance, if you spend $500 on purchases made with your card within the first three months, you will be awarded a 100,000 points welcome bonus.
If you’re a startup business owner looking for a credit card for business you might want look into Divvy. This kind of card comes with many benefits and features. It also allows you to track your business expenses.
The Divvy app can be used alongside any other accounting software to allow users to view their financial expenses. The software allows you to set a budget, limit spending, and request funds. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards analyze your business finances and allow you to decide on how much you’ll need to spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to be aware of the company’s rates before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the best rates of interest for business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash back. Some cards offer rewards for travel and shopping as well as others that are able to help build your credit score.
In addition to the top business credit cards from Chase and other credit card issuers you can use. You should also consider how you will use the credit card. It is crucial to select the correct business credit card for your needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. The card is a good option for earning rewards for various categories of purchases and even covers employees’ mobile phone expenses.