For those that are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes, it can be daunting and confusing to apply for a business credit card. Here are some things to learn about getting an credit card.
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Brex offers a wide range of financial services, including corporate credit cards, spend management, and expense management software. It offers a complete financial solution for new businesses.
The Brex Card, or Brex for Startups, is a credit card that helps startups establish their credit history. It doesn’t charge interest or require personal guarantees. Rather, applicants are evaluated on the basis of their business model and spending patterns.
Credit limits of up 100 percent are permitted for applicants. The limit is determined by the amount of money in a customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card You can earn rewards on purchases. For instance, you could earn four points when you travel booked through Brex Travel. Additionally, you can earn three points when 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 spend management tool. The card offers a slew of benefits, including a fixed 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card doesn’t require other requirements aside from an excellent credit score.
A business credit card with a low-interest rate is a great option for startups. A business credit card that comes with additional protection may be a good option.
A low-interest business credit card are extremely convenient since you’re not burdened with the stress of managing multiple cards or worrying about the amount of you can manage each month. This is particularly true if you’re looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards that are designed for startups. It offers a range of benefits, like an excellent sign-up bonus purchase protection, and travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR promotions and the spending limit may not be appropriate for your business. Moreover, it’s not the most generous points-earning program.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features such as liability coverage, primary car rental coverage shopping protection, as well as primary coverage for car rentals. These perks are perfect for small business owners.
The Ink Business Preferred Card is another excellent method to earn points. When you spend money in certain categories, you’ll earn 3 points for every dollar you spend. In this example for example, if you spend $500 on purchases on your card in the first three months, you’ll receive a 100,000-point welcome bonus.
If you’re a start-up business owner in search of a business credit card you might want to look into Divvy. This type of credit card provides various advantages and features. You can also track your business expenses with this card.
The Divvy app can be used alongside any other accounting software to allow users to view their financial expenses. The program lets you create a budget, restrict spending and request money. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards assess your company’s finances and determine how much you should spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to understand the company’s rate prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure the highest rates of interest for business loans and offer valuable rewards. For example, a Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for shopping and travelling, and others can be used to help build your business’s credit.
There are a myriad of credit card issuers that you can pick from, including Chase. You should also consider what you intend to do with the credit card. It is important that you locate the best business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card provides solid rewards on different categories of purchases as well as will pay for employees’ cell phone bills.