For those who are starting 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 applying for an enterprise credit card can be daunting and confusing. Here are some things to be aware of before obtaining a credit card.
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Brex provides a range of financial services like corporate credit cards, spend management and expense management software. It offers a complete financial solution to startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups establish their credit histories. It doesn’t charge interest and don’t have to provide personal guarantees. Rather, applicants are evaluated on the basis of their business model and spending patterns.
Applicants can have up to 100 percent credit. The limit is determined by the amount of money customers have in their Brex Cash account. Each day, the Brex Card draws from the account to determine the limit of its spending.
With a Brex Corporate Credit Card You can earn rewards on purchases. For instance, you can get four points on travel booked through Brex Travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a budget management tool. The card offers a variety of benefits, including a flat 1.5 percent cashback rate on all purchases. There are no annual fees, and the card doesn’t have any other requirements aside from having a credit score of at least.
For a startup business benefiting from a low-interest business credit card are a great deal. A business credit card that offers additional protection may be an option.
One of the main benefits of a business low-interest credit card is that you don’t have to fret about juggling several cards or worrying about how much you can afford to pay each month. This is particularly relevant if you’re trying to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards designed for start-up businesses. It has many advantages, including a large initial bonus and purchase protection and travel perks. However, it has several drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any introductory APR promos and the spending limit may not be appropriate for your business. It’s also not the most effective points-earning feature.
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The Ink Business Preferred Card, however it offers a number of additional useful features, such as liability coverage primary coverage for car rentals shopping protection, as well as primary coverage for car rental. As a small company owner, you’ll certainly get these benefits.
Furthermore 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 when you spend $500 on purchases with your card in the first three months, you will receive a 100,000-point welcome bonus.
If you’re a startup business owner looking for an account for business credit you might want think about Divvy. This type of card offers many benefits and features. You can also track your business expenses with this card.
Divvy works with external accounting software, and allows users to view their the financial expenses. The program allows you to make a budget, limit spending and request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. The cards analyze your company’s finances and determine the amount you should 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 essential 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 secure the best rates of interest on business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash or cash back. Some cards offer rewards for travel and shopping as well as others that can be used to boost your credit score.
Apart from the top business credit cards offered by Chase and other credit card issuers that you can choose from. However, you should consider how you will make use of a specific credit card. It is vital to locate the best business credit card to meet your requirements.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. This card gives you solid rewards for various categories of purchases and even will pay for employees’ mobile phone costs.