If you’re thinking of creating your own business, the first important question is “Can I get my business credit card?” While the answer is yes but it can be challenging and overwhelming to apply for a business credit card. Here are a few things to be aware of when applying for credit card.
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Brex 30
Brex offers a wide range of financial services, such as corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution to 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 an individual guarantee. Instead applicants are evaluated based on their company’s business model and spending habits.
Credit limits as high as 100 percent are allowed for applicants. The limit is determined by the amount a customer has in their Brex Cash account. Every 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. Brex Travel offers four points to book travel. Additionally, you can earn three points when 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. The card comes with a range of benefits, including a simple 1.5 percent cashback rate on all purchases. The card doesn’t have annual fees and does not have any other qualifications other than having a high credit score.
For businesses that are just starting out benefiting from a business credit card with low interest are a great deal. A business credit line with additional security could be a viable option.
A low-interest business credit card are very convenient because you’re not juggling the hassle of managing multiple credit cards or worrying about the amount of you can manage each month. This is especially true if you’re looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards available to start-up businesses. It offers many advantages, such as a huge sign up bonus, purchase protection, and travel perks. It has some downsides.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR offers and the spending limit may not be appropriate for your business. Moreover, it’s not the most generous points-earning feature.
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On the other side however, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance and primary car rental coverage, and a shopping protection. As a small-scale business owner, you’ll surely enjoy these benefits.
The Ink Business Preferred Card is another great way to earn points. When you spend money in certain categories, you can earn 3 points for every dollar you spend. In this instance, if you spend $500 on purchases with your card within the first three months, you will receive a 100,000-point welcome bonus.
Divide
The Divvy card is a great choice for entrepreneurs who are starting their business and seeking business cards. This card has a variety of advantages and features. It also lets you track your business expenses.
Divvy can be used alongside any other accounting software to allow users to monitor their financial expenses. You can create budgets, set limits, and request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your business finances and assist you to decide how much money you should spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose 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 can be used to secure the best rates of interest for business loans. They also offer rewards. For instance the Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Some cards offer rewards for shopping and traveling and others can be used to boost your credit score.
There are numerous credit card issuers you can pick from, including Chase. You must also think about what you intend to do with the credit card. It is important to find the right business credit card that is suitable for your specific requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a fantastic option. This card offers solid rewards for various purchase categories and even covers employees’ mobile phone bills.