For those who are starting a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes, but the process of obtaining an official business credit card can be a bit overwhelming and confusing. Here are some things you need to learn about getting the credit card you need.
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Brex 30
Brex offers a wide range of financial services, including corporate credit cards, spend management, and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an credit card that assists entrepreneurs build credit histories. The applicants don’t have to pay interest or provide a personal guarantee. Instead applicants are evaluated on their business model and their spending habits.
Credit limits of up to 100 percent are available to applicants. The limit is determined by the amount of money in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards using the Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as an expense management tool. The card comes with a variety of benefits including a flat 1.5% cash back rate on all purchases. There are no annual fees and the card doesn’t have any other requirements except for having a high credit score.
A low-interest business credit card is a great choice for new businesses. You may also want to look into a credit card for business with additional protection.
A low-interest business credit cards are very convenient because you don’t have the worry of managing multiple credit cards or worrying about how much you can manage each month. This is especially true if are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards that are designed for startups. It offers many benefits, including a high initial bonus and purchase protection as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promotions and the spending limit may not be appropriate for your business. It’s also not the most generous points-earning option.
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The Ink Business Preferred Card, on the other hand it comes with a variety of other beneficial features such as liability coverage and primary car rental coverage, shopping protection, and primary coverage for car rentals. These perks are perfect for small-scale business owners.
Additionally that, the Ink Business Preferred Card is a great opportunity to earn points. When you spend in certain categories, you’ll earn three points per dollar you spend. For example the case of spending $500 on purchases to your card within the first three months, you’ll get a 100,000 point welcome bonus.
Divide
Divvy is an excellent choice for startup business owners looking for business cards. This card has a variety of advantages and features. It also allows you to track your business expenses.
Divvy integrates with other accounting software that allows users to quickly view financial expenses. The software lets you create a budget, restrict spending, and request funds. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. These cards assess your business financial situation and help you decide on how much you’ll need to spend each month. Unlike traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to know the rate of the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the most competitive rates of interest on business loans, and also provide valuable rewards. For example the Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash back. Some cards offer rewards for purchases and travel while others can be used to improve your credit score.
There are a variety of credit card issuers you could select from, including Chase. However, you must think about the ways you will use a particular credit card. It is vital to locate the best business credit card for your needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a great option. This card is a great way to earn rewards on a variety of purchase categories and even protects employees’ mobile phone bills.