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?” The answer is a resounding yes however, the process of obtaining the business credit card could be overwhelming and confusing. Here are some things you need to know about the process of obtaining a credit card.
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Brex provides a range of financial services including corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for new businesses.
The Brex Card, or Brex for Startups, is an credit card that assists startups build their credit history. It doesn’t charge interest or need to provide a personal guarantee. Instead, applicants are evaluated on their company’s business model and spending habits.
Credit limits of up to 100 percent are permissible for applicants. The limit is determined by the amount of money a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards by using a Brex Corporate credit card. For instance, you’ll get four points on travel booked through Brex Travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a budget management tool. The card comes with a host of benefits including a flat 1.5 percent cash-back rate on all purchases. There are no annual fees, and the card doesn’t require other requirements, aside from having a high credit score.
A business credit card with low interest is a great choice for businesses that are just starting out. A business credit card that comes with additional security could be a good option.
One of the main 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’ll have to pay off every month. This is especially true if you are looking 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 businesses. It provides many advantages, including a large reward for signing up and purchase protection along with travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any introductory APR offers and the spending limit might not be suitable for your company. Moreover, it’s not the most generous points-earning option.
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On the other side however, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance, primary car rental coverage and a shopping protection. These perks are great for small business owners.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in specific categories, you can earn 3 points for every dollar you spend. For instance, if add $500 worth of purchases to your credit card during the first three months, then you’ll be rewarded with an offer of 100,000 points.
The Divvy is a great option for business owners who are just starting out looking for an business card. This type of card offers a range of benefits and features. You can also keep track of your business expenses using this card.
Divvy is compatible with external accounting software, and allows users to easily monitor financial expenses. The software allows you to create a budget, limit spending and request money. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also offers a corporate card. The cards analyze your company’s finances and determine the amount you’ll need to spend each month. As opposed to traditional business credit card, Divvy doesn’t require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to be aware of the company’s rates prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable interest rates for business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash or cash back. Some cards offer rewards for shopping and traveling and others can be used to boost your credit score.
There are a variety of credit card issuers you can choose from, such as Chase. You should also consider the way you intend to use the credit card. It is vital to locate the best corporate credit card for your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card offers solid rewards for various categories of purchases and even will pay for employees’ cell phone bills.