If you’re starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes however, the process of getting an official business credit card can be a bit overwhelming and confusing. Here are some things to be aware of before obtaining the credit card you need.
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Brex 30
Brex offers a variety of financial services like corporate credit cards as well as spend management and expense management software. It offers a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups, is an credit card that assists entrepreneurs build credit histories. The applicants don’t pay interest or need to provide a personal guarantee. Rather, applicants are evaluated by the company’s business model and spending habits.
Credit limits up to 100 percent are allowed for applicants. The limit is determined by the amount the customer has in their Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
You can earn significant rewards with a Brex Corporate credit card. For instance, you could get four points on travel booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card as well as a spending management system. The card provides a range of benefits, including a standard 1.5 percent cashback on all purchases. The card has no annual fees and doesn’t require any other conditions other than having a credit score of at least.
A low-interest business credit line is a great option for new businesses. A business credit card that comes with added security may be an option.
One of the main advantages of a low-interest business credit card is that you don’t have to fret about juggling several cards or worrying about how much you’ll have to pay off every month. This is especially 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 designed for entrepreneurs. It provides many benefits, including a substantial sign-up bonus along with purchase protection, as well as travel perks. However, it does have some disadvantages.
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 company. It’s also not the most effective points-earning program.
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On the other hand, the Ink Business Preferred Card offers many other beneficial features, including liability coverage and primary car rental coverage as well as a shopping security. These perks are perfect for small business owners.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. For instance, if you charge $500 in purchases to your card in the first three months, then you’ll be rewarded with an offer of 100,000 points.
Divvy
If you’re a business owner in search of a credit card for business, you may want to look into Divvy. This card offers a variety of benefits and features. You can also track your business expenses with this card.
Divvy can be used with accounting software that allows users to easily view the financial expenses. You can create budget, set limits on spending and request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also has corporate cards. These cards assess your company’s finances and decide how much you should spend each month. In contrast to traditional business credit cards, Divvy does not require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most competitive rates of interest 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. Some cards offer rewards for travel and shopping as well as others that are able to help build your credit score.
In addition to the top business credit cards offered by Chase and other credit card issuers you can turn to. However, you should think about the ways you will utilize a specific credit card. It is essential to locate an enterprise credit card that meets your particular needs.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent option. The card gives you solid rewards on various purchase categories as well as will pay for employees’ cell phone bills.