For those who are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes it can be a bit difficult and confusing to apply for a business credit card. Here are some tips to be aware of when applying for an credit card.
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Brex 30
Brex provides a range of financial products, including corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build credit histories. Applicants don’t pay interest or provide a personal guarantee. Instead, applicants are evaluated based on their company’s financial model and spending habits.
Credit limits as high as 100 percent are permissible for applicants. The limit is determined by the amount of money customers have in their Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
With a 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 when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as an expense management tool. It comes with a myriad of benefits including a flat 1.5% cash back rate on all purchases. There are no annual fees and the card doesn’t have other requirements other than having a high credit score.
A business credit card with a low-interest rate is a great choice for new businesses. A business credit card that offers additional security might 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 how much you can afford to pay off each month. This is particularly 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 for startup companies. It comes with a variety of benefits, including a substantial sign-up bonus and purchase protection as well as travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any initial APR promotions and the spending limit might not be suitable for your business. It’s also not the most effective point-earning option.
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The Ink Business Preferred Card, however, offers many other useful features like liability insurance, primary car rental coverage shopping protection, as well as primary coverage for car rentals. These benefits are ideal for small business owners.
Additionally to that, the Ink Business Preferred Card is an excellent method to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. For instance, if you charge $500 on purchases to your credit card during the first three months, you’ll receive a welcome bonus of 100,000 points.
Divvy
Divvy is a good option for business owners who are just starting out seeking business cards. This type of credit card provides numerous benefits and features. You can also track your business expenses with this card.
Divvy integrates with other accounting software and enables users to quickly view the financial expenses. The program allows you to set a budget, limit spending and even request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards assess your business’ finances and help you decide on how much you’ll need to spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to know the rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards offer the opportunity to get the best interest rates on business loans, and are also able to provide useful rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Some cards offer rewards for shopping and travel while others can be used to improve your credit score.
Aside from the best business credit cards from Chase, there are other credit card issuers are available to. You must also think about the method of use for the credit card. It is essential to select the correct business credit card to meet your requirements.
Small business owners will find the Ink Business Preferred(r) Credit Card a great option. This card offers solid rewards on different categories of purchases and also covers cell phone bills.