For those who are starting an enterprise, 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 challenging and overwhelming to apply for an enterprise credit card. Here are some tips to be aware of before obtaining an credit card.
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Brex 30
Brex provides a range of financial products, including corporate credit cards along with spend management and expense management software. Brex offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups build credit histories. The cardholders don’t have to pay any interest and don’t have to provide an individual guarantee. Instead the applicants are evaluated based on their business model and their spending habits.
Credit limits up to 100 percent are permitted for applicants. This limit is based on the amount of money that is in a customer’s Brex Cash account. Each day the Brex Card draws from the account to determine the limit of its spending.
You can earn rewarding rewards using the Brex Corporate credit card. For example, you can earn four points on travel booked through Brex Travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and a spend management tool. It comes with a myriad of benefits, including a flat 1.5 percent cash back rate on all purchases. The card doesn’t have annual charges and doesn’t need any other requirements other than having a high credit score.
For a startup business benefiting from the low-interest business credit cards can be extremely appealing. A business credit card that comes with additional security could be a viable option.
One of the primary advantages of a low-interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you can afford to pay off every month. This is particularly important if you’re trying to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards available to start-up businesses. It provides many advantages, including a large sign-up bonus along with purchase protection, and travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card may not be perfect. There are no introductory APR promos and the spending limit might not be suitable for your company. This isn’t the most efficient point-earning option.
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On the other hand it is worth noting that the Ink Business Preferred Card offers many other beneficial features, such as liability insurance as well as primary coverage for car rental, and a shopping protection. These benefits are ideal for small-scale business owners.
Additionally, the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For example when you spend $500 on purchases with your card in the first three months, you will be awarded a 100,000 points welcome bonus.
Divvy
Divvy is an excellent choice for entrepreneurs who are starting their business and seeking an enterprise card. This type of card offers a range of advantages and features. It also lets you monitor your business expenses.
Divvy is compatible with external accounting software that allows users to easily monitor financial expenses. The software lets you make a budget, limit spending and even request money. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your company’s finances and decide how much you’ll need to spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the interest rate of the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the most competitive interest rates for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash or cash back. Some cards offer rewards for shopping and travelling and some can be used to help build your business’s credit.
There are many credit card issuers you could choose from, such as Chase. It is important to consider how you will use the credit card. It is important that you locate the best business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. This card gives you solid rewards for various purchase categories and even covers mobile phone expenses.