If you’re starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While there is a yes answer but it can be difficult and confusing to apply for a business credit card. Here are some things you should know about the process of obtaining a credit card.
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Brex offers a wide variety of financial services, such as corporate credit cards and spend management as well as expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is a credit card that helps startups establish credit histories. The applicants don’t have to pay interest and don’t have to provide a personal guarantee. Instead, applicants are evaluated by company business model and spending habits.
Customers can get up to 100 percent credit limit. This limit is by the amount of money in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. For example, you can earn four points when you travel booked through Brex Travel. You can also receive three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spending management tool. The card comes with a host of benefits, including a flat 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card doesn’t have any other requirements except for having a high credit score.
If you are a new business benefiting from the low-interest business credit cards are a great deal. You may also look into a business credit card which offers additional security.
A business credit card with a low-interest rate are extremely convenient since you don’t have to worry of managing multiple credit cards or worrying about how much money you can afford each month. This is particularly true if you’re looking to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for startup businesses. It offers a variety of advantages, including an impressive sign-up bonus, purchase security, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be perfect. There are no introductory APR promotions to be found and the spending limit may be too low for your company. Furthermore, it’s not the most generous points-earning option.
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On the other hand it is worth noting that the Ink Business Preferred Card offers numerous other useful features, including liability coverage, primary car rental coverage and a shopping insurance. These perks are perfect for small business owners.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories and earn 3 points for every dollar. For example the case of spending $500 on purchases to your card within the first three months, you’ll receive a 100,000-point welcome bonus.
Divvy is a good option for entrepreneurs who are starting their business and seeking business cards. This kind of card comes with numerous benefits and features. It also allows you to track your business expenses.
Divvy is compatible with any external accounting software that allows users to monitor their financial expenses. The software allows you to make a budget, limit spending and request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers corporate cards. These cards assess your company’s finances and determine the amount you should spend each month. In contrast to traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to learn about the rates offered by the company before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most competitive interest rates for business loans and offer valuable rewards. For example a Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Certain cards provide rewards for shopping and traveling as well as others that can be used to improve your credit score.
Aside from the best business credit cards from Chase and other credit card issuers you can use. You must also think about what you intend to do with the credit card. It is important that you locate the best corporate credit card for your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card a great option. This card provides solid rewards on a variety of purchase categories as well as will pay for employees’ cell phone bills.
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