If you’re thinking about starting your own business, the first important question to ask is “Can I get my business credit card?” Although the answer is yes but it can be challenging and overwhelming to apply for a business credit card. Here are some things to be aware of before obtaining an credit card.
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Brex provides a variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups establish their credit histories. Applicants don’t pay interest or provide a personal guarantee. Instead, applicants are evaluated by the business model of the company and spending patterns.
Customers can get up to 100 percent credit limit. The limit is based on the amount of cash in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards by using a Brex Corporate credit card. Brex Travel offers four points to book travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a budget management tool. The card comes with a host of benefits, including a fixed 1.5% cash back rate on all purchases. The card doesn’t have annual charges and doesn’t need any other requirements other than an excellent credit score.
A business credit card with a low-interest rate is a great choice for businesses that are just starting out. You might also consider 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 worry about juggling multiple cards or worrying about how much you’ll have to pay every month. This is especially important if you’re trying to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for new businesses. It comes with a variety of benefits, including a high sign-up bonus, purchase protection, as well as travel benefits. However, it does have several drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any introductory APR deals and the spend limit might not be suitable for your business. It’s also not the best point-earning option.
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On the other side however, the Ink Business Preferred Card offers many other beneficial features, including liability coverage and primary car rental coverage as well as a shopping security. If you’re a small-sized business owner, you’ll definitely get these benefits.
The Ink Business Preferred Card is another great way to earn points. When you spend in certain categories, you’ll earn 3 points for every dollar you spend. For instance, if you add $500 worth of purchases to your card in the first three months, you’ll be eligible for the welcome bonus of 100,000 points.
Divvy is an excellent choice for entrepreneurs who are starting their business and seeking an business card. This type of credit card provides many benefits and features. You can also keep track of your business expenses by using this card.
Divvy is compatible with external accounting software, allowing users to easily monitor financial expenses. The program allows you to make a budget, limit spending, and request funds. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards review your company finances and assist you to decide what amount of money you should spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to be aware of the company’s rates before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most competitive rates of interest on 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 shopping and traveling while others can be used to help increase your business’s credit.
There are a variety of credit card issuers to pick from, including Chase. You should also think about the method of use for the credit card. It is important to select an enterprise credit card that will meet your specific needs.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. The card provides solid rewards for a variety of purchase categories and even will pay for employees’ mobile phone expenses.
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