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?” While the answer is yes it can be challenging and overwhelming to apply for a business credit card. Here are a few things to be aware of when applying for credit card.
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Brex offers a variety of financial services including corporate credit cards along with spend management and expense management software. Brex offers a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build their credit history. The cardholders don’t have to pay any interest or offer an individual guarantee. Instead, applicants are evaluated based on their company’s business model and spending habits.
Credit limits of up to 100 percent are permitted for applicants. This limit is determined by the amount of money that is in the customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card You can earn rewards on purchases. For example, you can earn four points on trips booked through Brex Travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spending management solution. It comes with a myriad of benefits including a standard 1.5 percent cash back rate on all purchases. The card doesn’t have annual charges and doesn’t need any other qualifications other than having a credit score of at least.
A low-interest business credit line is a great choice for businesses that are just starting out. A business credit card with additional security could be an option.
One of the most important 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 can afford to pay every month. This is especially relevant if you’re trying to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for new companies. It offers a variety of benefits, like an impressive sign-up bonus, purchase protection, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any promotional APR offers and the spending limit may not be appropriate for your business. It’s also not the best points-earning strategy.
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On the other side it is worth noting that the Ink Business Preferred Card offers a lot of other useful features, including liability coverage and primary car rental coverage as well as a shopping security. These benefits are ideal for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. Spend in certain categories , and you’ll earn three points per dollar. In this instance, if you spend $500 on purchases made with your card in the first three months, you’ll be awarded a 100,000 points welcome bonus.
The Divvy is a great option for business owners in the beginning looking for an enterprise card. This type of credit card provides various advantages and features. You can also monitor your business expenses with this card.
Divvy can be integrated with any external accounting software to allow users to look at their financial expenses. You can create a budget, set maximum limits and request money. Additionally, Divvy lets you set a spending limit for your employees.
Divvy also offers a corporate credit card. These cards analyze your business financial situation and help you decide what amount of money you’ll need to spend each month. Contrary to traditional business credit cards, Divvy is not a requirement for a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to know the rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure best interest rates for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash back. Certain cards provide rewards for travel and shopping and others can be used to build your credit score.
Aside from the best business credit cards from Chase There are other credit card issuers you can turn to. However, you must think about how you will utilize a specific credit card. It is important that you find the right business credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. The card provides solid rewards for various categories of purchases and even covers employees’ mobile phone bills.