For those who are just beginning a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however the process of getting an enterprise credit card can be a bit overwhelming and confusing. Here are some tips to be aware of the process of applying for credit card.
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Brex provides a range of financial products, including corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that can help startups establish their credit history. 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 business model and spending habits.
Credit limits of up 100 percent are permitted for applicants. 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 valuable rewards when you use a Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also earn three points on dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as an expense management tool. It offers a wide range of benefits, including a standard 1.5% cashback rate on all purchases. There are no annual fees and the card does not have other requirements aside from an excellent credit score.
For a business that is just beginning, the benefits of using a low-interest business credit card could be very appealing. You might also consider a business credit card with additional protection.
A low-interest business credit cards are very convenient because 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 especially important 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 new businesses. It provides many benefits, including a substantial initial bonus and purchase protection as well as travel benefits. However, it also has a few drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any APR introductory promotions to be found and the spending limit could be too low for your business. This isn’t the most efficient points-earning strategy.
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On the other side the Ink Business Preferred Card offers many other beneficial features, including liability coverage, primary car rental coverage and a shopping protection. As a small-scale company owner, you’ll certainly benefit from these benefits.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you can earn three points per dollar you spend. For instance, if charge $500 in purchases to your credit card during the first three months, you’ll receive the welcome bonus of 100,000 points.
If you’re a startup business owner looking for a business credit card, you may want to think about Divvy. This type of card comes with numerous benefits and features. You can also keep track of your business expenses by using this card.
Divvy is compatible with any external accounting software to allow users to view their financial expenses. The program lets you create a budget, restrict spending, and request funds. Additionally, Divvy lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate card. These cards look at your company’s finances and determine the amount you can spend each month. Contrary to traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to know the rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the best interest rates for business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash back. Certain cards provide rewards for shopping and travel, and others can be used to build your business’s credit.
There are a myriad of credit card issuers to choose from, such as Chase. You should also consider the method of use for the credit card. It is important to find the right business credit card that will meet your specific requirements.
The Ink Business Preferred(r) Credit Card is a good choice for a small business owner. This card is a great way to earn rewards on various purchase categories as well as covers cell phone bills.