If you are thinking of creating your own business, the first important question is “Can I get my business credit card?” The answer is yes, but the process of obtaining an enterprise credit card can be daunting and confusing. Here are a few things to be aware of when applying for credit card.
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Brex provides a range of financial products, including corporate credit cards along with spend management and expense management software. Brex provides a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups build their credit history. The cardholders don’t have to pay any interest or provide personal guarantees. Instead, applicants are rated by the company’s business model and spending habits.
Customers can get up to 100 percent credit. This limit is determined by the amount customers have in their Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
You can earn rewards when you use a Brex Corporate credit card. For example, you can get four points on travel booked through Brex Travel. You can also receive three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as an expense management tool. It comes with a myriad of benefits including a standard 1.5 percent cash-back rate on all purchases. The card does not have annual charges and doesn’t need any other requirements other than having a high credit score.
A business credit card with a low-interest rate is a great choice for new businesses. You might also look into a credit card for business that offers additional protection.
One of the primary advantages of a low interest business credit card is that you don’t need to worry about managing multiple cards or worrying about how much you can afford to pay each 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 for startups. It offers many advantages, such as a huge sign up bonus and purchase protection as well as travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any introductory APR promotions to be found and the spending limit could be too low for your company. It’s also not the most effective points-earning feature.
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The Ink Business Preferred Card, on the other hand, offers many other useful features, such as liability coverage primary coverage for car rentals, shopping protection, and primary coverage for car rentals. As a small-scale business owner, you’ll definitely enjoy these benefits.
The Ink Business Preferred Card is another excellent way to earn points. When you spend money in certain categories, you’ll earn three points per dollar you spend. For instance, if make a purchase of $500 to your card in the first three months, you’ll be eligible for an initial bonus of 100,000 points.
The Divvy is a great option for business owners who are just starting out looking for business cards. This card offers a variety of benefits and features. It also allows you to monitor your business expenses.
The Divvy app can be used with any external accounting software that allows users to view their financial expenses. You can create budgets, set the limits on spending and request money. Additionally, Divvy lets you set an expense limit for your employees.
Divvy also has corporate cards. These cards analyze your business’ finances and help you determine how much you should spend each month. As opposed to traditional business credit card, Divvy doesn’t require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the best interest rates on business loans. They can also offer useful rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Some cards offer rewards for shopping and travel while others can be used to build your credit score.
There are a myriad of credit card issuers to choose from, such as Chase. You should also think about what you intend to do with the credit card. It is important that you choose the appropriate business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card gives you solid rewards for various categories of purchases and also covers cell phone bills.