If you’re starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although there is a yes answer it can be a bit challenging and overwhelming to apply for an enterprise credit card. Here are some things you need to be aware of when applying for credit card.
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Brex 30
Brex offers a wide range of financial services, such as corporate credit cards and spend management as well as expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build their credit score. Applicants don’t pay interest and don’t need to offer personal guarantees. Instead applicants are evaluated on their company’s business model and their spending habits.
The applicants can enjoy up to 100 percent credit limit. This limit is by the amount of money that is in a customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
You can earn rewards when you use a Brex Corporate credit card. For instance, you’ll get four points on travel booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spend management tool. The card offers a slew of benefits including a flat 1.5% cash back rate on all purchases. The card doesn’t have annual fees and doesn’t require any other qualifications other than a good credit rating.
A business credit card with low interest is a great choice for businesses that are just starting out. You may also want to look into a business credit card that provides additional security.
One of the main advantages of a low interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you’ll have to pay every month. This is especially true when you are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for startup companies. It provides many advantages, such as a huge sign up bonus and purchase protection as well as travel benefits. However, it does have some disadvantages.
The Ink Business Preferred Card may not be the perfect choice for your business. There are no introductory APR promos and the spending limit might not be suitable for your company. In addition, it’s not exactly the most generous points-earning option.
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On the other side however, the Ink Business Preferred Card offers several other valuable features, such as liability insurance, primary car rental coverage and a shopping protection. These perks are great for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in certain categories, you can earn 3 points for every dollar you spend. In this case for example, if you spend $500 on purchases on your card in the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy
Divvy is an excellent choice for business owners who are just starting out seeking an enterprise card. This card comes with a wide range of advantages and features. It also allows you to keep track of your business expenses.
Divvy is compatible with any external accounting software to allow users to view their financial expenses. You can create budgets, set the limits, and request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards evaluate your business finances and allow you to determine how much you can spend every month. In contrast to traditional business credit cards, Divvy does not require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is important 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 obtain the most favorable interest rates for business loans, and also provide valuable rewards. For example the Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Certain cards provide rewards for shopping and traveling and others can be used to boost your credit score.
Apart from the top business credit cards from Chase, there are other credit card issuers you can use. You should also think about the method of use for the credit card. It is vital to locate the best corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. The card gives you solid rewards on different categories of purchases, and it even protects employees’ mobile phone bills.