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?” Although there is a yes answer it can be confusing and overwhelming to apply for a business credit card. Here are a few tips to be aware of the process of applying for an credit card.
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Brex 30
Brex offers a variety of financial products, including corporate credit cards, spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish their credit history. It doesn’t charge interest and don’t have to offer a personal guarantee. Instead the applicants are evaluated based on their financial model and spending habits.
Credit limits of up to 100 percent are allowed for applicants. This limit is determined by the amount of money a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. For instance, you can earn four points on travel booked through Brex Travel. You can also receive three points when dining out.
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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. The card comes with a range of benefits, including a flat 1.5% cashback rate on all purchases. There are no annual fees and the card does not have other requirements except for having a credit score of at least.
A low-interest business credit line is a great choice for startups. You might also look into a business credit card with additional protection.
One of the primary advantages of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you’ll have to pay off each 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 well-known business credit cards that are designed for startups. It comes with a range of benefits, like a high sign-up bonus, purchase security, and travel perks. However, it has some disadvantages.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any initial APR promos and the spending limit may not be appropriate for your company. This isn’t the most efficient points-earning program.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features, such as liability coverage, primary car rental coverage, shopping protection, and primary coverage for car rentals. As a small-scale business owner, you’ll surely benefit from these benefits.
Moreover it is worth noting that the Ink Business Preferred Card is an excellent way to earn points. If you make purchases in certain categories, you can earn 3 points for every dollar you spend. For instance, if charge $500 on purchases to your credit card within the first three months, then you’ll be rewarded with the welcome bonus of 100,000 points.
Divvy
Divvy is an excellent choice for entrepreneurs who are starting their business and seeking business cards. This card comes with a wide range of benefits and features. You can also keep track of your business expenses using this card.
Divvy works with external accounting software and enables users to easily monitor the financial expenses. The software allows you to create a budget, limit spending and request money. It also lets you set an expense limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards evaluate your business’ finances and help you determine how much you’ll need to invest every month. Contrary to traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy does not disclose any interest rates on its website. It is important to find out the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be the chance to secure most favorable interest rates on business loans. They can also offer useful rewards. For instance one card, the Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash. Some cards offer rewards for shopping and travel while others can be used to increase your business’s credit.
There are a myriad of credit card issuers you could choose from, including Chase. However, you must think about the manner in which you utilize a specific credit card. It is important to select the right business credit card that meets your specific requirements.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent option. The card provides solid rewards for various purchase categories and even covers employees’ mobile phone bills.