For those who are just beginning a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes however the process of obtaining the business credit card could be a bit overwhelming and confusing. Here are some tips to know about how to get an credit card.
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Brex offers a variety of financial services including corporate credit cards as well as 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 can help startups build their credit history. The cardholders don’t have to pay any interest and don’t have to offer an individual guarantee. Instead, applicants are evaluated based on their company’s financial model and spending habits.
Credit limits as high as 100 percent are allowed for applicants. This limit is by the amount of cash in the customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. For instance, you’ll earn four points on trips 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 also be used as an expense management tool. The card comes with a host of benefits, including a fixed 1.5 percent cash-back rate on all purchases. The card doesn’t have annual fees and doesn’t require any other requirements than having a high credit score.
A business credit card with low interest is a great choice for businesses that are just starting out. You may also think about a business credit card that provides additional security.
One of the key advantages of a low-interest business credit card is that you don’t have to fret about juggling several cards or worrying about how much you’ll be able to pay off each month. This is particularly important if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards designed for entrepreneurs. It comes with a range of benefits, like an impressive 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 deals and the spend limit might not be suitable for your business. It’s not the most efficient points-earning program.
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On the other side it is worth noting that the Ink Business Preferred Card offers numerous other useful features, including liability coverage and primary car rental coverage as well as a shopping security. These benefits are ideal for small business owners.
Additionally it is worth noting that the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories and you’ll earn three points per dollar. For instance, if you charge $500 on purchases to your credit card during the first three months, you’ll be eligible for an offer of 100,000 points.
Divvy is an excellent choice for entrepreneurs who are starting their business and looking for a business card. The card comes with a range of advantages and features. You can also keep track of your business expenses using this card.
Divvy can be integrated with any accounting software that allows users to look at their financial expenses. The program lets you create a budget, limit spending, and request funds. It also lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for companies. These cards review your company financial situation and help you decide how much money you’ll need to invest each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards offer the opportunity to get the best rates of interest on business loans, and they can also offer useful rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash back. Certain cards provide rewards for shopping and travel as well as other cards that can be used to help improve your company’s credit score.
There are many credit card issuers that you can select from, including Chase. However, you should think about how you will make use of a specific credit card. It is essential to select the correct business credit card that meets your requirements.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card offers solid rewards for various purchase categories and even protects employees’ mobile phone bills.