For those who are just beginning a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” While the answer is yes it can be a bit challenging and overwhelming to apply for a business credit card. Here are some tips to be aware of the process of obtaining credit card.
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Brex offers a variety of financial products, including corporate credit cards, spend management and expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that can help entrepreneurs build credit histories. The cardholders don’t have to pay any interest and don’t have to provide a personal guarantee. Instead, applicants are evaluated on their budget and business model.
Applicants can have up to 100 percent credit limit. This limit is determined by the amount of money 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 substantial rewards on purchases. For instance, you’ll earn four points on trips booked through Brex Travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and a spend management tool. The card offers a slew of benefits, including a fixed 1.5% cash back rate on all purchases. The card is free of annual fees and does not have any other qualifications other than having a high credit score.
A low-interest business credit line is a great option for new businesses. A business credit card that comes with added security may be an option.
A business credit card with a low-interest rate are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about the amount of you can manage each month. This is especially relevant if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for startups. It provides a wide range of benefits, like an excellent sign-up bonus purchase protection, as well as travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any promotional APR promotions to be found and the spending limit could be too low for your company. It’s also not the most generous points-earning feature.
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On the other side the Ink Business Preferred Card offers a lot of other useful features, including liability coverage as well as primary coverage for car rental and a shopping protection. These benefits are ideal for small business owners.
Moreover, 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 instance, if you spend $500 on purchases with your card in the first three months, you’ll be awarded a 100,000 points welcome bonus.
Divvy is a good option for startup business owners looking for an enterprise card. This type of credit card provides a range of benefits and features. You can also track your business expenses with this card.
Divvy integrates with other accounting software, allowing users to quickly view financial expenses. You can create budget, set limits, and request funds. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your company’s finances and determine how much you’ll have to spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the best rates of interest for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash back. Certain cards provide rewards for shopping and travel, and others can be used to improve your company’s credit score.
There are a myriad of credit card issuers to choose from, including Chase. It is important to consider how you will use the credit card. It is crucial to select the correct business credit card to meet your needs.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card offers solid rewards across a variety of categories and even will pay for employees’ mobile phone expenses.