If you’re starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While there is a yes answer but it can be daunting and confusing to apply for a business credit card. Here are a few things you need to know about the process of applying for a credit card.
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Brex 30
Brex offers a wide variety of financial services, including corporate credit cards, spend management, and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish their credit history. The applicants don’t pay interest or require a personal guarantee. Instead the applicants are evaluated based on their business model and their spending habits.
Users can get 100 percent credit. The limit is 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.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points for booking travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as an expense management tool. The card provides a range of benefits, including a flat 1.5 percent cashback on all purchases. There are no annual fees, and the card doesn’t have other requirements aside from a good credit score.
A low-interest business credit line is a great choice for businesses that are just starting out. A business credit card that offers added security may be a viable option.
Business credit cards with low interest are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about how much money you’ll be able to afford each month. This is particularly true if you’re looking to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for new businesses. It has many advantages, including a large sign up bonus, purchase protection, as well as travel benefits. However, it has 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 cap could be too low for your business. This isn’t the most efficient point-earning option.
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On the other side, the Ink Business Preferred Card offers several other valuable features, such as liability insurance in addition to primary car rental insurance and a shopping insurance. These benefits are perfect for small business owners.
Moreover to that, the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories and you’ll earn three points per dollar. In this example, if you spend $500 on purchases made with your card in the first three months, you will get a 100,000 point welcome bonus.
Divide
If you’re a startup business owner looking for an account for business credit, you may want to look into Divvy. This kind of card comes with numerous advantages and features. You can also track your business expenses with this card.
Divvy is compatible with external accounting software, allowing users to easily monitor the financial expenses. The software allows you to make a budget, limit spending and request money. Divvy also allows you to set the spending limit for your employees.
Divvy also offers a corporate credit card. The cards analyze your company’s finances and decide 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 is important to be aware of the company’s rates before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure the best rates of interest for business loans and offer valuable rewards. For example the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for travel and shopping and others can be used to boost your credit score.
There are numerous credit card issuers that you can choose from, including Chase. It is important to consider the method of use for the credit card. It is important to find the best business credit card that is suitable for your needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. This card is a great way to earn rewards on different categories of purchases and even protects employees’ mobile phone bills.