If you’re thinking of starting your own business, the most important question is “Can I get my business credit card?” The answer is yes but the process of obtaining an official business credit card can be overwhelming and confusing. Here are some points you should be aware of about the process of obtaining credit card.
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Brex 30
Brex offers a wide range of financial services, such as corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, or Brex for Startups, is a credit card that can help startups build their credit history. It doesn’t charge interest or provide personal guarantees. Instead, applicants are evaluated by company business model and spending patterns.
Customers can get up to 100 percent credit. The limit is by the amount of cash in a 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 substantial rewards on purchases. For example, you can get four points on travel booked through Brex Travel. Additionally, you can earn 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 spend management tool. It offers a wide range of benefits, including a flat 1.5 percent cashback on all purchases. The card does not have annual fees and does not have any other qualifications other than an excellent credit score.
A low-interest business credit line is a great option for startups. A business credit card with additional security might be a good option.
One of the primary features of a low-interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll be able to pay off each month. This is particularly applicable if you’re planning to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards that are designed for startups. It provides many advantages, such as a huge sign up bonus as well as purchase protection as well as travel benefits. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any promotional APR promotions available, and the spending cap could be too low for your company. Moreover, it’s not the most generous point-earning system.
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On the other side, the Ink Business Preferred Card offers many other beneficial features, including liability coverage as well as primary coverage for car rental and a shopping insurance. These benefits are ideal for small-scale 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 instance when you spend $500 on purchases made with your card in the first three months, you will receive a 100,000 point welcome bonus.
Divvy
The Divvy card is a great choice for business owners in the beginning looking for an enterprise card. This type of credit card provides many advantages and features. You can also track your business expenses with this card.
Divvy works with external accounting software that allows users to view their the financial expenses. The program allows you to create a budget, limit spending and even request money. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also offers a corporate credit card. These cards evaluate your business’s finances and determine the amount you can spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is essential to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards offer the chance to secure highest interest rates for business loans. They can also offer useful rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Some cards offer rewards for travel and shopping and others can be used to build your credit score.
There are numerous credit card issuers to pick from, including Chase. It is important to consider what you intend to do with the credit card. It is essential to locate an enterprise credit card that suits your specific needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card gives you solid rewards for various categories of purchases and even will pay for employees’ mobile phone bills.