For those who are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes but the process of applying for an enterprise credit card can be overwhelming and confusing. Here are some things to learn about getting credit card.
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Brex offers a variety of financial services including corporate credit cards as well as spend management and expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps startups build their credit history. The applicants don’t pay interest or need to provide an individual guarantee. Instead, applicants are rated on the basis of their business model and spending patterns.
Customers can get up to 100 percent credit. This limit is determined by the amount that a customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine the limit of its spending.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. Brex Travel offers four points for booking travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management system. It comes with a myriad of benefits, including a fixed 1.5% cash back rate on all purchases. There are no annual fees, and the card doesn’t require other requirements, aside from an excellent credit score.
A low-interest business credit card is a great option for startups. It is also possible to look into a credit card for business with additional protection.
One of the primary benefits of a business low-interest credit card is that you don’t need to worry about managing multiple cards or worrying about how much you’ll be able to pay off every month. This is particularly relevant if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards designed for start-up companies. It offers many advantages, including a large sign-up bonus, purchase protection, along with travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be the best choice for you. There are no introductory APR promotions available, and the spending cap could be too low for your business. It’s also not the most generous points-earning program.
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On the other side it is worth noting that the Ink Business Preferred Card offers a lot of other useful features, including liability coverage in addition to primary car rental insurance and a shopping insurance. These perks are perfect for small-scale business owners.
Moreover, the Ink Business Preferred Card is an excellent method to earn points. If you make purchases in certain categories, you’ll earn three points for every dollar you spend. In this case when you spend $500 on purchases to your card in the first three months, you will be awarded a 100,000 points welcome bonus.
If you’re a business owner looking for an account for business credit, you may want to look into Divvy. This card comes with a wide range of benefits and features. It also lets you monitor your business expenses.
Divvy can be integrated alongside any other accounting software to allow users to see their financial expenses. The software allows you to create a budget, restrict spending, and request funds. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. The cards analyze your company’s financial situation and decide on how much you can 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 crucial to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure most favorable interest rates for business loans, and also provide valuable rewards. For example one card, the Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Certain cards provide rewards for travel and shopping while others can be used to help increase your business’s credit.
Aside from the best business credit cards offered by Chase but there are many other credit card issuers that you can use. But, you must consider how you will make use of a specific credit card. It is crucial to choose an enterprise credit card that meets your specific requirements.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card offers solid rewards on various purchase categories and also protects employees’ mobile phone bills.