If you’re thinking about starting a business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is a resounding yes however the process of getting an official business credit card can be a bit overwhelming and confusing. Here are some things you need to be aware of when applying for an credit card.
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Brex 30
Brex offers a wide variety of financial services, such as corporate credit cards, spend management, and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build their credit score. The cardholders don’t have to pay any interest and don’t need to offer a personal guarantee. Instead, applicants are assessed on the basis of their business model and spending patterns.
Credit limits of up to 100 percent are allowed for applicants. The limit is determined by the amount of money customers have in their Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
With the 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-sized business credit card that can be used as a spending management tool. The card comes with a host of benefits including a flat 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card doesn’t have other requirements, aside from a good credit score.
A low-interest business credit card is a great option for those who are just starting out. You may also look into a business credit card that offers additional protection.
A low-interest business credit card are very convenient because you don’t have the worry of managing multiple cards or worrying about how much you can manage each month. This is especially important if you’re trying to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards designed for start-up businesses. It comes with a range of benefits, such as the highest sign-up bonus, purchase protection, as well as travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There are no introductory APR promotions to be found and the spending limit may be too low for your business. It’s not the most efficient points-earning feature.
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On the other hand it is worth noting that the Ink Business Preferred Card offers many other beneficial features, including liability coverage, primary car rental coverage as well as a shopping security. These benefits are perfect for small-scale business owners.
Additionally it is worth noting that the Ink Business Preferred Card is an excellent way to earn points. Spend in specific categories and you’ll earn three points per dollar. For instance, if add $500 worth of purchases to your card during the first three months, you’ll get an initial bonus of 100,000 points.
Divvy
If you’re a business owner in search of an account for business credit you might want to look into Divvy. This kind of card comes with many advantages and features. You can also monitor your business expenses with this card.
Divvy is compatible alongside any other accounting software to allow users to view their financial expenses. You can create budget, set maximum limits and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards assess your company’s finances and determine the amount you should spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the most favorable interest rates on business loans, and can also offer valuable rewards. For example a Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash. Certain cards provide rewards for shopping and traveling and others can be used to boost your credit score.
In addition to the top business credit cards from Chase and other credit card issuers are available to. You must also think about the method of use for the credit card. It is essential to locate the best business credit card that is suitable for your specific needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent option. The card is a good option for earning rewards for a variety of purchase categories and even will pay for employees’ mobile phone bills.