If you are thinking of creating your own business, the first important question to ask is “Can I get my business credit card?” The answer is a resounding yes however, the process of obtaining an enterprise credit card can be a bit overwhelming and confusing. Here are a few tips to be aware of the process of getting the credit card.
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Brex 30
Brex provides a broad range of financial services, such as corporate credit cards and spend management as well as expense management software. Brex provides a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an account that helps startups build their credit history. The applicants don’t have to pay interest or provide a personal guarantee. Instead, applicants are evaluated on the basis of their business model and spending patterns.
Credit limits of up 100 percent are allowed for applicants. The limit is by the amount of money in the customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. For example, you can get four points on travel booked through Brex Travel. You can also receive three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a spend management tool. The card comes with a host of benefits including a standard 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card doesn’t require other requirements aside from a good credit score.
For a business that is just beginning benefiting from a low-interest business credit card could be very appealing. A business credit card that offers additional security might be a viable option.
One of the main advantages of a low interest business credit card is that you don’t need to fret about juggling several cards or worrying about the amount you can afford to pay every month. This is particularly important if you’re trying to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards available to start-up companies. It provides many advantages, such as a huge initial bonus, purchase protection, along with travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any promotional APR promotions available, and the spending cap may be too low for your company. Moreover, it’s not the most generous points-earning program.
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The Ink Business Preferred Card, on the other hand it comes with a variety of other beneficial features like liability insurance, primary coverage for car rentals shopping protection, and primary car rental coverage. If you’re a small-sized company owner, you’ll certainly get these benefits.
The Ink Business Preferred Card is another great way to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. For instance, if add $500 worth of purchases to your card during the first three months, you’ll get a welcome bonus of 100,000 points.
Divide
Divvy is an excellent choice for business owners who are just starting out looking for business cards. This card has a variety of advantages and features. It also allows you to keep track of your business expenses.
Divvy can be used with accounting software, and allows users to view their the financial expenses. You can then create budget, set limits on spending and request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card. These cards evaluate your business finances and assist you to decide how much money you should spend each month. As opposed to traditional business credit card, Divvy does NOT require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential 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 get the most competitive rates of interest on business loans, and also provide 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 travel and shopping while others can be used to build your credit score.
There are numerous credit card issuers you could select from, including Chase. You should also think about how you will use the credit card. It is vital to find the right corporate credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. The card gives you solid rewards for various categories of purchases, and it even covers employees’ cell phone bills.