If you’re starting a business, one the most important questions they’ll need to answer is “Can I get a 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 know about how to get a credit card.
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Brex 30
Brex provides a variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups build their credit score. Applicants don’t pay interest and don’t need to provide a personal guarantee. Instead the applicants are evaluated on their business model and spending habits.
The applicants can enjoy up to 100 percent credit. This limit is determined by the amount of money a customer has 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 significant rewards on purchases. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spend management system. It offers a wide range of benefits, including a standard 1.5 percent cashback rate on all purchases. There are no annual fees and the card doesn’t have other requirements aside from an excellent credit score.
A business credit card with low interest is a great choice for those who are just starting out. A business credit line with added security may be a good option.
One of the main advantages of a low interest business credit card is that you don’t need to worry about managing multiple cards or worrying about the amount you can afford to pay off every month. This is especially true if are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It offers many benefits, including a substantial reward for signing up and purchase protection along with travel perks. However, it has several drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promotions to be found, and the spending cap may be too low for your business. This isn’t the most efficient points-earning strategy.
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On the other hand it is worth noting that the Ink Business Preferred Card offers a lot of other useful features, including liability coverage and primary car rental coverage and a shopping insurance. These perks are perfect for small business owners.
Furthermore that, the Ink Business Preferred Card is an excellent opportunity to earn points. Spend in certain categories and you’ll earn three points per dollar. In this example, if you spend $500 on purchases with your card within the first three months, you will get a 100,000 point welcome bonus.
Divvy
The Divvy card is a great choice for business owners who are just starting out looking for an enterprise card. This card comes with a wide range of advantages and features. It also lets you keep track of your business expenses.
Divvy can be used with accounting software and enables users to quickly view the financial expenses. The program lets you create a budget, restrict spending and even request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business finances and allow you to decide on how much you can spend every month. In contrast to traditional business credit cards, Divvy doesn’t require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to learn about the rates offered by the company before you apply.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the highest interest rates for business loans, and can also offer valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Certain cards provide rewards for shopping and travelling while others can be used to increase your business’s credit.
Aside from the best business credit cards from Chase, there are other credit card issuers you can turn to. But, you must consider the ways you will make use of a specific credit card. It is crucial to choose the best business credit card that will meet your particular needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card a great option. This card provides solid rewards on various purchase categories and also covers employees’ cell phone bills.