If you’re starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes however, the process of getting an official business credit card can be overwhelming and confusing. Here are a few points you should be aware of about the process of obtaining an credit card.
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Brex provides a range of financial services like corporate credit cards as well as spend management and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an credit card that assists startups build their credit history. Applicants don’t pay interest or offer personal guarantees. Rather, applicants are evaluated by company business model and spending habits.
Credit limits up to 100 percent are permitted for applicants. This limit is determined by the amount a customer has in their 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. For instance, you’ll get four points on travel booked through Brex Travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card as well as a spending management solution. The card provides a range of benefits, including a standard 1.5 percent cashback on all purchases. The card does not have annual charges and doesn’t need any other requirements other than having a high credit score.
A low-interest business credit line is a great choice for startups. You may also think about a business credit card with additional protection.
A low-interest business credit cards are very convenient because you’re not juggling the hassle of managing multiple credit cards or worrying about the amount of money you can afford each month. This is especially important if you’re trying to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for new companies. It offers a range of benefits, such as an impressive sign-up bonus, purchase protection, and travel benefits. However, it does have some disadvantages.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any APR introductory promotions available, and the spending limit could be too low for your business. This isn’t the most efficient point-earning option.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features like liability insurance and primary coverage for car rentals shopping protection, and primary car rental coverage. As a small-scale business owner, you’ll definitely get these benefits.
The Ink Business Preferred Card is another great way to earn points. Spend in certain categories and earn 3 points for every dollar. For example, if you charge $500 in purchases to your credit card during the first three months, you’ll get an offer of 100,000 points.
If you’re a start-up business owner looking for an enterprise credit card you might want to look into Divvy. This card has a variety of benefits and features. It also allows you to track your business expenses.
Divvy works with external accounting software that allows users to easily view financial expenses. You can create budgets, set the limits on spending and request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards look at your company’s finances and decide how much you can spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most competitive rates of interest on business loans. They also offer rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash back. Certain cards provide rewards for shopping and traveling while others can be used to build your business’s credit.
Aside from the best business credit cards offered by Chase but there are many other credit card issuers you can choose from. But, you must consider the manner in which you make use of a specific credit card. It is important to select the right business credit card that meets your specific requirements.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. The card provides solid rewards for various purchase categories and even will pay for employees’ mobile phone expenses.