For those that are starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” Although the answer is yes, it can be daunting and confusing to apply for a business credit card. Here are some things to know about how to get the credit card you need.
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Brex 30
Brex provides a broad range of financial services, such as corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them establish their credit histories. The applicants don’t have to pay interest and don’t have to provide personal guarantees. Instead, applicants are evaluated based on their financial model and spending habits.
Credit limits of up to 100 percent are permitted for applicants. This limit is determined based on the amount of cash in a customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card You can earn rewards on purchases. Brex Travel offers four points to book travel. You can also receive three points when dining out.
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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 standard 1.5 percent cash-back rate on all purchases. There are no annual fees, and the card doesn’t have other requirements aside from a good credit score.
A business credit card with low interest is a great choice for new businesses. You may also consider a business credit card with additional protection.
One of the main advantages of a low interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll have to pay each month. This is particularly true if you’re looking to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for new companies. It offers a range of benefits, such as an impressive sign-up bonus, purchase security, and travel perks. It has some downsides.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any APR introductory promotions to be found, and the spending cap may be too low for your company. In addition, it’s not exactly the most generous point-earning system.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features, including liability coverage primary coverage for car rentals, shopping protection, and primary car rental coverage. These benefits are perfect for small business owners.
Additionally to that, the Ink Business Preferred Card is a great method to earn points. If you make purchases in certain categories, you’ll earn 3 points per dollar you spend. For instance, if you charge $500 in purchases to your credit card during the first three months, you’ll be eligible for a welcome bonus of 100,000 points.
Divvy
Divvy is a good option for business owners in the beginning looking for an enterprise card. This type of card offers a range of benefits 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 allows you to set a budget, limit spending and even request money. You can also set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card. These cards review your company finances and allow you to decide on how much you should spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to learn about the rates offered by the company prior to applying.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the best interest rates on business loans, and can also offer useful rewards. For example, a Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash back. Some cards offer rewards for shopping and traveling, and others can be used to help to build credit for your business.
Apart from the top business credit cards offered by Chase and other credit card issuers that you can use. You should also think about the way you intend to use the credit card. It is essential to select the correct business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. This card gives you solid rewards for a variety of purchase categories and even covers employees’ mobile phone bills.