If you’re thinking of creating a business, the most important question to ask is “Can I get my business credit card?” Although the answer is yes it can be confusing and overwhelming to apply for an enterprise credit card. Here are some things you need to learn about getting credit card.
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Brex provides a range of financial services including corporate credit cards, spend management and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups build their credit score. The applicants don’t pay interest or have to provide a personal guarantee. Instead the applicants are evaluated based on their business model and spending habits.
Credit limits of up 100 percent are allowed for applicants. The limit is determined by the amount customers have in their Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points for booking travel. You can also 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 solution. The card provides a range of benefits, including a simple 1.5 percent cashback on all purchases. The card doesn’t have annual charges and doesn’t need any other qualifications other than having a high credit score.
A low-interest business credit line is a great option for new businesses. You may also think about a business credit card that provides additional security.
One of the primary advantages of a low interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll be able to pay off each month. This is especially true if you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards designed for start-up businesses. It provides a wide range of benefits, including an impressive sign-up bonus, purchase security, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any APR introductory promotions available, and the spending limit could be too low for your company. Moreover, it’s not the most generous points-earning feature.
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On the other side, the Ink Business Preferred Card offers numerous other useful features, including liability coverage, primary car rental coverage and a shopping protection. As a small business owner, you’ll definitely benefit from these perks.
The Ink Business Preferred Card is another great method to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this example the case of spending $500 on purchases with your card in the first three months, you’ll get a 100,000 point welcome bonus.
Divvy is a good option for business owners who are just starting out seeking a business card. This type of card comes with various advantages and features. It also lets you monitor your business expenses.
Divvy works with external accounting software and enables users to view their financial expenses. You can then create a budget, set maximum limits and request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate card. These cards assess your business financial situation and help you decide what amount of money you’ll need to invest every month. Unlike traditional business credit cards, Divvy doesn’t require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure the highest interest rates for business loans and offer valuable rewards. For example a Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Certain cards provide rewards for travel and shopping while others can be used to to build credit for your business.
In addition to the top business credit cards offered by Chase, there are other credit card issuers that you can choose from. However, you should think about the manner in which you use a particular credit card. It is vital to find the right business credit card to meet your needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card an excellent option. This card gives you solid rewards for a variety of purchase categories and even will pay for employees’ mobile phone bills.