If you’re thinking about creating your own business, the most important thing to consider is “Can I get my business credit card?” The answer is yes, but the process of applying for the business credit card could be a bit overwhelming and confusing. Here are some things you should know about the process of obtaining a credit card.
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Brex 30
Brex provides a range of financial products, including corporate credit cards along with spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups establish their credit histories. The applicants don’t pay interest or provide a personal guarantee. Instead applicants are evaluated based on their company’s financial model and spending habits.
The applicants can enjoy up to 100 percent credit limit. This limit is determined by the amount of money the customer has in their Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card You can earn rewards on purchases. Brex Travel offers four points when you book travel. You can also earn three points on dining.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a budget 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 charges, and the card does not have other requirements other than an excellent credit score.
For a startup business, the benefits of using the low-interest business credit cards could be very appealing. A business credit card that offers added security may be a viable option.
One of the key features 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 can afford to pay off every month. This is particularly true if you’re 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 for new businesses. It comes with a variety of benefits, including a high sign up bonus as well as purchase protection as well as travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any promotional APR promotions available, and the spending limit could be too low for your company. It’s also not the most generous points-earning program.
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On the other side however, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage as well as primary coverage for car rental and a shopping protection. As a small-scale business owner, you’ll surely benefit from these benefits.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in specific categories, you can earn 3 points for every dollar you spend. For example, if you charge $500 on purchases to your card during the first three months, then you’ll be rewarded with the welcome bonus of 100,000 points.
Divvy
Divvy is a good option for entrepreneurs who are starting their business and seeking an business card. The card comes with a range of advantages and features. It also allows you to monitor your business expenses.
Divvy is compatible with external accounting software and enables users to easily monitor the financial expenses. You can create budgets, set limits, and request funds. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate card. These cards evaluate your business finances and allow you to decide on how much you’ll need to invest each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure most competitive rates of interest on business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash back. Certain cards provide rewards for travel and shopping while others can be used to build your business’s credit.
In addition to the top business credit cards offered by Chase but there are many other credit card issuers that you can choose from. You must also think about what you intend to do with the credit card. It is important to select a business credit card that will meet your particular needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. The card gives you solid rewards on various purchase categories as well as will pay for employees’ cell phone bills.