For those that are starting an enterprise, 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 confusing and overwhelming to apply for a business credit card. Here are a few things to be aware of before obtaining an credit card.
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Brex 30
Brex offers a wide range of financial services, including corporate credit cards spending management, as well as expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build credit histories. It doesn’t charge interest and don’t need to offer a personal guarantee. Instead, applicants are assessed by the business model of the company and spending habits.
Credit limits of up 100 percent are permitted for applicants. This limit is determined by the amount of cash in the customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points to book travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as an expense management tool. The card comes with a variety of benefits, including a fixed 1.5 percent cash-back rate on all purchases. The card doesn’t have annual fees and does not have any other requirements other than having a credit score of at least.
For a startup business one of the advantages of using a business credit card with low interest could be very appealing. A business credit card that comes with additional security could be a possibility.
One of the main features of a low-interest business credit card is that you don’t need to worry about managing multiple cards or worrying about the amount you can afford to pay every month. This is especially applicable if you’re planning to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards designed for start-up companies. It offers a variety of benefits, including a high sign-up bonus, purchase protection, as well as travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be perfect. There aren’t any introductory APR promotions available, and the spending cap could be too low for your company. It’s also not the most generous points-earning program.
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On the other side the Ink Business Preferred Card offers many other beneficial features, including liability coverage and primary car rental coverage as well as a shopping security. These benefits are perfect for small business owners.
The Ink Business Preferred Card is another great method to earn points. If you make purchases in certain categories, you can earn 3 points for every dollar you spend. For instance, if you charge $500 on purchases to your credit card during the first three months, you’ll be eligible for an initial bonus of 100,000 points.
Divvy
Divvy is a good option for business owners in the beginning seeking an business card. The card comes with a range of benefits and features. You can also keep track of your business expenses by using this card.
Divvy can be used with accounting software, and allows users to easily view the financial expenses. The software allows you to create a budget, limit spending and even request money. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business finances and assist you to decide what amount of money you’ll need to invest each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is important to find out the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards offer a way to secure the best interest rates on business loans, and are also able to provide useful rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash or cash back. Certain cards provide rewards for shopping and traveling while others are able to help build your credit score.
There are a myriad of credit card issuers that you can pick from, including Chase. It is important to consider the way you intend to use the credit card. It is essential to locate the best business credit card that meets your particular needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card an excellent option. This card offers solid rewards across a variety of categories and even covers employees’ mobile phone bills.