For those who are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While there is a yes answer it can be a bit confusing and overwhelming to apply for a business credit card. Here are some things you need to learn about getting an credit card.
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Brex provides a broad range of financial services, such as corporate credit cards, spend management, and expense management software. Brex is a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build their credit history. It doesn’t charge interest or provide a personal guarantee. Instead applicants are evaluated based on their company’s business model and spending habits.
Credit limits as high as 100 percent are allowed for applicants. The limit is determined based on the amount of money that is in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards using a Brex Corporate credit card. For instance, you can earn four points when you travel booked through Brex Travel. You can also earn 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 comes with a range of benefits, including a flat 1.5 percent cashback on all purchases. There are no annual fees and the card doesn’t have other requirements except for having a high credit score.
A business credit card with low interest is a great option for businesses that are just starting out. A business credit card that comes with additional protection may be an option.
One of the key advantages 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 off every month. This is especially true when you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards designed for entrepreneurs. It offers many advantages, including a large initial bonus as well as purchase protection and travel perks. It has some downsides.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any initial APR deals and the spend limit might not be suitable for your business. This isn’t the most efficient points-earning feature.
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On the other side however, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance and primary car rental coverage as well as a shopping security. If you’re a small company owner, you’ll certainly get these benefits.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories , and you’ll earn three points per dollar. In this example for example, if you spend $500 on purchases made with your card within the first three months, you’ll receive a 100,000-point welcome bonus.
Divvy is a good option for business owners in the beginning seeking an business card. This card offers a variety of benefits and features. It also allows you to track your business expenses.
Divvy is compatible with external accounting software that allows users to easily monitor the financial expenses. You can then create budgets, set the limits, and request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has a corporate card. The cards analyze your company’s finances and decide how much you can spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most favorable rates of interest on business loans. They also offer rewards. For instance the Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Certain cards provide rewards for shopping and travel as well as other cards that can be used to help build your business’s credit.
There are a myriad of credit card issuers you can pick from, including Chase. You should also think about what you intend to do with the credit card. It is important to find the best business credit card that suits your specific needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card an excellent option. This card offers solid rewards for various purchase categories and even will pay for employees’ mobile phone bills.
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