For those who are just beginning a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” Although the answer is yes, it can be confusing and overwhelming to apply for a business credit card. Here are some things you need to be aware of when applying for an credit card.
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Brex provides a broad range of financial services, including corporate credit cards, spend management, and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that can help startups build their credit history. The applicants don’t have to pay interest and don’t have to offer personal guarantees. Instead applicants are evaluated on their company’s financial model and spending habits.
Credit limits as high as 100 percent are permissible for applicants. The limit is determined by the amount that 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 substantial rewards on purchases. For instance, you’ll earn four points on travel booked through Brex Travel. Additionally, you can earn three points on dining.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card as well as a spending management tool. The card offers a slew of benefits including a flat 1.5% cash back rate on all purchases. There are no annual fees and the card doesn’t have other requirements, aside from having a credit score of at least.
A business credit card with a low-interest rate is a great choice for businesses that are just starting out. A business credit card that comes with additional security could be a viable option.
One of the most important features 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 every month. This is particularly true if you’re looking to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards for new businesses. It offers a variety of advantages, including the highest sign-up bonus, purchase protection, and travel benefits. It does have some drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any introductory APR promotions to be found, and the spending cap may be too low for your company. Furthermore, it’s not the most generous points-earning program.
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On the other side it is worth noting that the Ink Business Preferred Card offers several other valuable features, such as liability insurance and primary car rental coverage and a shopping protection. These perks are great for small business owners.
The Ink Business Preferred Card is another great way to earn points. Spend in certain categories , and you’ll earn three points per dollar. In this example the case of spending $500 on purchases made with your card within the first three months, you’ll be awarded a 100,000 points welcome bonus.
The Divvy is a great option for startup business owners seeking an business card. This card offers a variety of benefits and features. You can also track your business expenses with this card.
Divvy is compatible with external accounting software, and allows users to easily monitor the financial expenses. You can create a budget, set maximum limits 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 allow you to determine how much you can spend every month. In contrast to traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable interest rates for business loans, and also provide valuable rewards. For example one card, the Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Certain cards provide rewards for purchases and travel while others can be used to build your credit score.
There are a myriad of credit card issuers that you can select from, including Chase. You must also think about the way you intend to use the credit card. It is essential to locate an enterprise credit card that is suitable for your specific requirements.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent option. The card gives you solid rewards on a variety of purchase categories and also protects employees’ mobile phone bills.