For those who are just beginning 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 but it can be difficult and confusing to apply for a business credit card. Here are a few things you need to know about the process of obtaining an credit card.
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Brex provides a variety 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 referred to as Brex for Startups is a credit card that helps start-ups build their credit history. The applicants don’t pay interest or require a personal guarantee. Instead, applicants are evaluated on the basis of their business model and spending patterns.
Customers can get up to a 100 percent credit limit. The limit is determined by the amount of money customers have in their Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
You can earn rewards when you use the Brex Corporate credit card. Brex Travel offers four points to book travel. You can also earn 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 budget management tool. The card offers a variety of benefits, including a standard 1.5% cashback rate on all purchases. The card doesn’t have annual fees and doesn’t have any other requirements other than a good credit rating.
A business credit card with low interest is a great option for new businesses. A business credit card that comes with added security may 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 particularly applicable if you’re planning to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It provides a wide range of benefits, like a high sign-up bonus, purchase protection, and travel benefits. However, it does have some disadvantages.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any APR introductory promotions to be found and the spending cap may be too low for your business. This isn’t the most efficient points-earning feature.
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The Ink Business Preferred Card, however it offers a number of additional useful features such as liability coverage as well as primary coverage for car rentals, shopping protection, and primary car rental coverage. If you’re a small-sized business owner, you’ll definitely get these benefits.
Additionally to that, the Ink Business Preferred Card is a great opportunity to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. In this instance when you spend $500 on purchases to your card within the first three months, you will receive a 100,000 point welcome bonus.
If you’re a new business owner in search of an enterprise credit card, you may want to think about Divvy. This kind of card comes with various benefits and features. You can also track your business expenses with this card.
Divvy works with external accounting software that allows users to view their financial expenses. The software allows you to create a budget, limit spending and request money. Divvy also allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards look at your company’s finances and decide how much you should spend every month. Unlike traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest interest rates for business loans and provide valuable rewards. For example one card, the Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Certain cards provide rewards for purchases and travel and others can be used to boost your credit score.
In addition to the top business credit cards from Chase, there are other credit card issuers you can use. However, you should consider the ways you will make use of a particular credit card. It is important to find the best business credit card that suits your particular needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card is a great way to earn rewards on a variety of purchase categories as well as protects employees’ mobile phone bills.