For those that are starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although there is a yes answer, it can be confusing and overwhelming to apply for a business credit card. Here are a few things you should know about the process of obtaining the credit card.
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Brex 30
Brex provides a range of financial services including corporate credit cards, spend management and expense management software. It offers a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups, is an account that helps startups build their credit history. The applicants don’t have to pay interest or require personal guarantees. Rather, applicants are evaluated by the company’s business model and spending patterns.
Credit limits of up 100 percent are available to applicants. This limit is by the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards by using a Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management tool. The card provides a range of benefits, including a flat 1.5% cashback rate on all purchases. The card does not have annual fees and doesn’t have any other requirements than having a credit score of at least.
For a startup business one of the advantages of using a business credit card that is low-interest are a great deal. A business credit card that comes with added security may be a good option.
A business credit card with a low-interest rate are extremely convenient since you’re not juggling the hassle of managing multiple credit cards or worrying about the amount of you can manage each month. This is especially true if you’re looking to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It offers many benefits, including a high sign-up bonus, purchase protection, as well as travel benefits. It does have some drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any introductory APR promotions available, and the spending limit could be too low for your company. It’s also not the most effective points-earning program.
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On the other hand it is worth noting that the Ink Business Preferred Card offers a lot of other useful features, including liability coverage as well as primary coverage for car rental as well as a shopping security. These perks are great for small business owners.
Additionally to that, the Ink Business Preferred Card is a great method to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. In this case the case of spending $500 on purchases made with your card within the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy
The Divvy card is a great choice for business owners who are just starting out seeking a business 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.
Divvy integrates with other accounting software and enables users to quickly view the financial expenses. You can create budgets, set maximum limits and request money. It also lets you set the spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your company’s financial situation and decide on how much you can spend each 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’s important to learn about the rates offered by the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards offer the chance to secure best rates of interest on business loans, and are also able to provide useful rewards. For example, a Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Certain cards provide rewards for shopping and traveling while others can be used to build your business’s credit.
There are many credit card issuers you could choose from, such as Chase. You should also consider the way you intend to use the credit card. It is vital to choose the appropriate business credit card for your requirements.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card an excellent option. This card offers solid rewards on different categories of purchases as well as protects employees’ mobile phone bills.