For those who are just beginning a business, 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 obtaining the business credit card could be confusing and overwhelming. Here are a few things to be aware of when applying for a credit card.
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Brex 30
Brex provides a broad range of financial services, including corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution to startups.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit score. It doesn’t charge interest and don’t have to offer an individual guarantee. Instead, applicants are assessed by the company’s business model and spending patterns.
Credit limits up to 100 percent are allowed for applicants. 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 spending limit.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. Brex Travel offers four points for booking travel. You can also receive three points when dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card and a spend management tool. The card provides a range of benefits, including a simple 1.5 percent cashback rate on all purchases. There are no annual fees, and the card doesn’t have any other requirements aside from an excellent credit score.
A business credit card with a low-interest rate is a great option for startups. You might also consider a business credit card that provides additional security.
A low-interest business credit card are very convenient because you don’t have the worry 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 well-known business credit cards for new businesses. It provides a wide range of benefits, like an excellent sign-up bonus purchase protection, and travel benefits. However, it also has a few drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There are no introductory APR promotions available, and the spending cap could be too low for your company. It’s not the most efficient point-earning option.
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The Ink Business Preferred Card, however it offers a number of additional useful features like liability insurance primary coverage for car rentals shopping protection, as well as primary coverage for car rentals. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent way to earn points. If you make purchases in certain categories, you’ll earn 3 points per dollar you spend. For example, if you spend $500 on purchases to your card within the first three months, you’ll get a 100,000 point welcome bonus.
Divide
Divvy is an excellent choice for business owners who are just starting out seeking an business card. This type of card comes with a range of advantages and features. You can also track your business expenses with this card.
Divvy can be used alongside any other accounting software that allows users to look at their financial expenses. You can then create a budget, set limits, and request funds. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards review your company finances and assist you to decide how much money you should spend 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 crucial to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the best interest rates for business loans and provide valuable rewards. For example, a Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for purchases and travel while others are able to help build your credit score.
There are a myriad of credit card issuers you could choose from, including Chase. You must also think about how you will use the credit card. It is essential to locate the best business credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card offers solid rewards for a variety of purchase categories and even will pay for employees’ mobile phone expenses.