For those who are starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes it can be a bit daunting and confusing to apply for an enterprise 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 variety of financial services including corporate credit cards as well as spend management and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is a credit card that can help startups establish credit histories. Applicants don’t pay interest and don’t have to offer an individual guarantee. Instead, applicants are rated by the company’s business model and spending patterns.
Customers can get up to 100 percent credit. The 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 rewarding rewards with the Brex Corporate credit card. For instance, you’ll earn 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 small business credit card that can be used as a spending management tool. The card offers a variety of benefits, including a flat 1.5% cashback rate on all purchases. The card has no annual fees and doesn’t require any other requirements other than having a high credit score.
A business credit card with a low-interest rate is a great choice for new businesses. A business credit line with added security may be a possibility.
Business credit cards with low interest are extremely convenient since you don’t have to worry of managing multiple cards or worrying about the amount of money you can afford each month. This is especially true when you are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for new businesses. It offers many advantages, including a large sign up bonus along with purchase protection, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any initial APR promos and the spending limit might not be suitable for your company. Moreover, it’s not the most generous points-earning option.
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On the other hand, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance as well as primary coverage for car rental and a shopping protection. These benefits are perfect for small-scale business owners.
Moreover it is worth noting that the Ink Business Preferred Card is an excellent way to earn points. Spend in certain categories and earn three points per dollar. In this case the case of spending $500 on purchases made with your card within the first three months, you’ll get a 100,000 point welcome bonus.
Divvy
Divvy is a good option for business owners who are just starting out seeking an business card. This kind of card comes with many advantages and features. It also lets you keep track of your business expenses.
Divvy can be used with accounting software and enables users to easily view financial expenses. The program allows you to create a budget, restrict spending and request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers corporate cards. These cards look at your company’s finances and determine how much you’ll need to spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure most favorable interest rates for business loans, and also provide valuable rewards. For example a Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash back. Certain cards provide rewards for shopping and traveling while others can be used to help to build credit for your business.
There are a myriad of credit card issuers you can choose from, such as Chase. You should also consider the way you intend to use the credit card. It is crucial to choose the best business credit card that meets your needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card an excellent choice. The card gives you solid rewards on various purchase categories, and it even covers employees’ cell phone bills.