For those that are starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes but the process of getting an official business credit card can be a bit overwhelming and confusing. Here are a few things to be aware of when applying for a credit card.
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Brex 30
Brex offers a variety of financial services like corporate credit cards, spend management and expense management software. Brex offers a comprehensive financial solution to startups.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build their credit history. The cardholders don’t have to pay any interest and don’t need to provide an individual guarantee. Instead, applicants are evaluated on their company’s budget and business model.
Applicants can have up to 100 percent credit. The limit is determined based on the amount of money that is in the customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. For instance, you’ll earn four points when you travel booked through Brex Travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as an expense management tool. The card provides a range of benefits, including a simple 1.5 percent cashback rate on all purchases. There are no annual fees, and the card doesn’t have any other requirements except for a good credit score.
A business credit card with a low-interest rate is a great option for those who are just starting out. You might also think about a business credit card that offers additional protection.
One of the primary 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 be able to pay every month. This is particularly important if you’re trying to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for new businesses. It provides many advantages, such as a huge reward for signing up and purchase protection along with travel perks. It has some downsides.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR promotions available, and the spending limit may be too low for your company. It’s also not the best points-earning program.
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On the other hand, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance and primary car rental coverage as well as a shopping security. If you’re a small company owner, you’ll certainly get these benefits.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you’ll earn 3 points per dollar you spend. In this case the case of spending $500 on purchases made with your card within the first three months, you will be awarded a 100,000 points welcome bonus.
Divide
The Divvy is a great option for startup business owners looking for business cards. This card offers a variety of advantages and features. You can also keep track of your business expenses by using this card.
Divvy is compatible alongside any other accounting software to allow users to monitor their financial expenses. The program lets you create a budget, restrict spending and even request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards evaluate your business’s finances and decide how much you’ll need to spend every month. In contrast to traditional business credit cards, Divvy is not a requirement for personal guarantees.
However, Divvy does not disclose any interest rates on its website. It is crucial to know the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest interest rates for business loans. They also offer rewards. For instance one card, the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for travel and shopping, and others can be used to help improve your company’s credit score.
Aside from the best business credit cards offered by Chase, there are other credit card issuers that you can turn to. You should also consider the method of use for the credit card. It is essential to locate an enterprise credit card that meets your specific requirements.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. The card is a good option for earning rewards for a variety of purchase categories and even protects employees’ mobile phone costs.