If you are thinking of creating your own business, the most important question you should ask yourself is “Can I get my business credit card?” Although the answer is yes it can be confusing and overwhelming to apply for a business credit card. Here are some things you need to learn about getting a credit card.
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Brex 30
Brex provides a range of financial services including corporate credit cards along with spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups establish their credit histories. The cardholders don’t have to pay any interest and don’t need to provide personal guarantees. Instead applicants are evaluated based on their company’s budget and business model.
Credit limits as high as 100 percent are permissible for applicants. The limit is determined based on the amount of money in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards when you use a Brex Corporate credit card. For instance, you can earn four points on trips booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and spend management tool. The card comes with a variety of benefits, including a fixed 1.5 percent cash back rate on all purchases. There are no annual fees, and the card does not have other requirements except for having a high credit score.
A low-interest business credit line is a great choice for new businesses. A business credit line with additional protection may be a possibility.
A low-interest business credit card are extremely convenient since you don’t have to worry of managing multiple credit cards or worrying about the amount of money you’ll be able to afford each month. This is particularly true if you’re looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It has many benefits, including a substantial reward for signing up along with purchase protection, and travel perks. However, it has several drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There are no introductory APR promotions and the spending limit might not be suitable for your business. It’s not the most efficient points-earning strategy.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features, such as liability coverage and primary coverage for car rentals, shopping protection, and primary coverage for car rentals. These perks are great for small-scale business owners.
Furthermore that, the Ink Business Preferred Card is an excellent opportunity to earn points. When you spend in specific categories, you’ll earn 3 points per dollar you spend. In this case the case of spending $500 on purchases with your card within the first three months, you will be awarded a 100,000 points welcome bonus.
Divvy
If you’re a new business owner in search of an enterprise credit card, you may want to think about Divvy. This type of card comes with a range of advantages and features. It also allows you to monitor your business expenses.
Divvy is compatible with any external accounting software that allows users to monitor their financial expenses. You can then create a budget, set limits, and request funds. Divvy also allows you to set a spending limit for your employees.
Divvy also has corporate cards. The cards analyze your company’s financial situation and decide on how much you can spend each month. In contrast to traditional business credit cards, Divvy is not a requirement for a personal guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to learn about the rates offered by the company before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest interest rates for business loans and provide valuable rewards. For example a Chase Ultimate Rewards business credit card can earn bonus points that can translate to cash back. Certain cards provide rewards for shopping and travelling while others can be used to help to build credit for your business.
In addition to the top business credit cards from Chase but there are many other credit card issuers you can turn to. You should also consider the way you intend to use the credit card. It is important to find the right business credit card that will meet your needs.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. The card gives you solid rewards on various purchase categories, and it even covers cell phone bills.