For those who are starting a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While there is a yes answer it can be a bit difficult and confusing to apply for a business credit card. Here are a few things to be aware of when applying for an credit card.
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Brex provides a range of financial services including corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is an account that helps startups establish their credit history. The applicants don’t have to pay interest or require an individual guarantee. Instead, applicants are rated by the business model of the company and spending habits.
Credit limits as high as 100 percent are permissible for applicants. This limit is determined based on 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 valuable rewards when you use a Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also get 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 a spending management tool. The card comes with a variety of benefits, including a flat 1.5% cash back rate on all purchases. There are no annual fees and the card doesn’t have other requirements, aside from a good credit score.
A business credit card with a low-interest rate is a great choice for those who are just starting out. A business credit line with added security may be a good option.
One of the main advantages of a low interest business credit card is that you don’t have to fret about juggling several cards or worrying about the amount you can afford to pay 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 popular business credit cards that are designed for startups. It provides many advantages, such as a huge sign-up bonus along with purchase protection, and travel perks. However, it has some disadvantages.
The Ink Business Preferred Card may not be the best choice for you. There are no introductory APR promotions to be found and the spending limit may be too low for your company. Furthermore, it’s not the most generous points-earning program.
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On the other hand however, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance as well as primary coverage for car rental as well as a shopping security. As a small business owner, you’ll surely enjoy these benefits.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you’ll earn three points per dollar you spend. In this example, if you spend $500 on purchases to your card within the first three months, you will be awarded a 100,000 points welcome bonus.
The Divvy is a great option for business owners in the beginning looking for business cards. This card offers a variety of advantages and features. You can also monitor your business expenses with this card.
Divvy is compatible with any external accounting software to allow users to look at their financial expenses. The program allows you to create a budget, restrict spending and request money. It also lets you set an amount of money you can spend for your employees.
Divvy also offers corporate cards. These cards assess your company’s finances and decide how much you can spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is important to know the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the highest rates of interest on business loans, and also provide valuable rewards. For example a Chase Ultimate Rewards business credit card can earn bonus points that can translate to cash back. Certain cards provide rewards for travel and shopping and some can be used to increase your business’s credit.
Apart from the top business credit cards from Chase and other credit card issuers you can use. You should also consider the method of use for the credit card. It is crucial to choose the right business credit card that is suitable for your particular needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card offers solid rewards for various categories of purchases and even protects employees’ mobile phone costs.