If you’re starting a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” Although the answer is yes, it can be daunting and confusing to apply for an enterprise credit card. Here are some points you should be aware of about the process of applying for credit card.
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Brex offers a variety of financial services like 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 a credit card that assists start-ups build their credit score. The applicants don’t pay interest or have to provide an individual guarantee. Instead the applicants are evaluated on their financial model and spending habits.
The applicants can enjoy up to 100 percent credit limit. The limit is determined by the amount customers have in their Brex Cash account. Each day the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. Brex Travel offers four points for booking travel. You can also earn three points on 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 offers a slew of benefits including a standard 1.5 percent cash back rate on all purchases. There are no annual charges, and the card doesn’t have other requirements aside from a good credit score.
A low-interest business credit card is a great choice for those who are just starting out. A business credit line with additional security could be an option.
One of the key advantages of a low interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about the amount you can afford to pay every month. This is particularly applicable if you’re planning to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards for new businesses. It provides many benefits, including a substantial reward for signing up as well as purchase protection as well as travel perks. It has some downsides.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any introductory APR offers and the spending limit might not be suitable for your business. Moreover, it’s not the most generous points-earning feature.
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On the other hand the Ink Business Preferred Card offers numerous other useful features, such as liability insurance in addition to primary car rental insurance as well as a shopping security. As a small business owner, you’ll definitely get these benefits.
Moreover it is worth noting that the Ink Business Preferred Card is a great opportunity to earn points. When you spend in certain categories, you can earn 3 points for every dollar you spend. For example, if you charge $500 on purchases to your card during the first three months, you’ll be eligible for the welcome bonus of 100,000 points.
Divvy is a good option for business owners in the beginning seeking business cards. This card offers a variety of advantages and features. It also allows you to monitor your business expenses.
Divvy is compatible with external accounting software, allowing users to easily view the financial expenses. You can then create a budget, set limits, and request funds. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards analyze your business’ finances and help you decide how much money you’ll need to spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to learn about the rates offered by the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the most competitive rates of interest 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 into cash or cash back. Certain cards provide rewards for shopping and travelling and some can be used to help to build credit for your business.
Apart from the top business credit cards from Chase and other credit card issuers that you can turn to. You should also think about what you intend to do with the credit card. It is crucial to choose the best business credit card that suits your particular needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. This card offers solid rewards for a variety of purchase categories and even covers mobile phone bills.