If you’re thinking about starting a business, the most important question you should ask yourself is “Can I get my business credit card?” Although the answer is yes, it can be confusing and overwhelming to apply for an enterprise credit card. Here are a few tips to be aware of the process of obtaining a credit card.
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Brex 30
Brex offers a wide variety of financial services, such as corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps entrepreneurs build credit histories. The applicants don’t have to pay interest and don’t need to provide an individual guarantee. Instead the applicants are evaluated on their company’s business model and their spending habits.
Credit limits of up 100 percent are available to applicants. This limit is by the amount of money in a customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
You can earn rewards with the Brex Corporate credit card. For instance, you can earn four points on trips 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 be used as a spending management tool. The card comes with a variety of benefits, including a flat 1.5 percent cash back rate on all purchases. The card doesn’t have annual fees and doesn’t have any other requirements than having a high credit score.
For businesses that are just starting out benefiting from the low-interest business credit cards can be extremely appealing. A business credit card with additional security might be a possibility.
Business credit cards with low interest are very convenient because you don’t have to worry of managing multiple credit cards or worrying about the amount of you can manage each month. This is especially true when you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards for startups. It has many benefits, including a high initial bonus and purchase protection along with travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be perfect. There aren’t any APR introductory promotions available, and the spending limit could be too low for your business. Furthermore, it’s not the most generous points-earning feature.
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On the other side however, the Ink Business Preferred Card offers several other valuable features, such as liability insurance as well as primary coverage for car rental as well as a shopping security. These perks are great for small-scale business owners.
Additionally it is worth noting that the Ink Business Preferred Card is an excellent method to earn points. When you spend money in certain categories, you’ll earn 3 points for every dollar you spend. For example, if you charge $500 on purchases to your card during the first three months, you’ll receive an initial bonus of 100,000 points.
Divide
If you’re a startup business owner in search of an account for business credit you might want to think about Divvy. This kind of card comes with various benefits and features. You can also keep track of your business expenses by using this card.
Divvy is compatible alongside any other accounting software that allows users to monitor their financial expenses. You can create budgets, set limits, and request funds. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business’ finances and help you decide what amount of money you can spend every 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 essential to understand the company’s rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest rates of interest on business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash back. Some cards offer rewards for travel and shopping as well as other cards that can be used to help to build credit for your business.
Apart from the top business credit cards from Chase, there are other credit card issuers that you can turn to. However, you should think about how you will use a particular credit card. It is essential to locate the best business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card is a great way to earn rewards on various purchase categories as well as covers employees’ cell phone bills.