For those who are starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes, it can be challenging and overwhelming to apply for an enterprise credit card. Here are some points you should be aware of about the process of getting a credit card.
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Brex provides a range of financial services including corporate credit cards, spend management and expense management software. Brex provides a complete financial solution for new businesses.
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 an individual guarantee. Instead, applicants are evaluated by the business model of the company and spending habits.
Credit limits as high as 100 percent are available to applicants. This limit is determined by the amount of money that is in the customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine the limit of its spending.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points to book travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management system. It comes with a myriad of benefits including a standard 1.5% cash back rate on all purchases. The card has no annual fees and doesn’t have any other qualifications other than having a high credit score.
If you are a new business benefiting from a low-interest business credit card can be extremely appealing. A business credit card that comes with additional security could be an 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’ll have to pay each month. This is especially true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for new businesses. It provides many benefits, including a high reward for signing up, purchase protection, along with travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any promotional APR promotions to be found, and the spending cap may be too low for your business. It’s also not the most effective points-earning program.
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On the other hand however, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage in addition to primary car rental insurance and a shopping protection. These perks are perfect for small-scale business owners.
Moreover to that, the Ink Business Preferred Card is a great way to earn points. When you spend money in certain categories, you’ll earn 3 points for every dollar you spend. In this instance the case of spending $500 on purchases on your card in the first three months, you will get a 100,000 point welcome bonus.
Divvy is an excellent choice for entrepreneurs who are starting their business and seeking an enterprise card. This type of card comes with many advantages and features. You can also keep track of your business expenses using this card.
Divvy can be used with any external accounting software to allow users to look at their financial expenses. The program allows you to set a budget, limit spending and request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards assess your company’s financial situation and decide on how much you should 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 crucial to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest interest rates for business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash or cash back. Certain cards provide rewards for shopping and travel and some can be used to increase your business’s credit.
There are a myriad of credit card issuers you could pick from, including Chase. However, you should consider the way you intend to use a particular credit card. It is important to select the best business credit card that meets your specific requirements.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card offers solid rewards on a variety of purchase categories and even covers cell phone bills.