If you are thinking of creating your own business, the most important question to ask is “Can I get my business credit card?” The answer is yes but the process of obtaining an official business credit card can be overwhelming and confusing. Here are some things to be aware of when applying for the credit card you need.
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Brex provides a variety of financial services, such as corporate credit cards, spend management, and expense management software. It provides an all-in-one financial solution for startups.
The Brex Card, also known as Brex for Startups, is a credit card that can help entrepreneurs build credit histories. The applicants don’t have to pay interest or provide a personal guarantee. Instead the applicants are evaluated on their company’s budget and business model.
Credit limits as high as 100 percent are permitted for applicants. This limit is based on the amount of money that is in the customer’s Brex Cash account. Each day the Brex Card draws from the account to determine its limit for spending.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. Brex Travel offers four points when you book travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a budget management tool. It comes with a myriad of benefits, including a fixed 1.5 percent cash-back rate on all purchases. The card does not have annual fees and does not have any other requirements other than a good credit rating.
A business credit card with a low-interest rate is a great option for businesses that are just starting out. A business credit card that comes with additional protection may be a possibility.
One of the primary advantages of a low interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you’ll have to pay every month. This is particularly important if you’re trying to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for startup companies. It has many advantages, such as a huge sign-up bonus as well as purchase protection as well as travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be perfect. There are no introductory APR deals and the spend limit might not be suitable for your company. It’s also not the most effective points-earning feature.
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On the other side however, the Ink Business Preferred Card offers numerous other useful features, including liability coverage and primary car rental coverage and a shopping insurance. As a small-scale business owner, you’ll definitely enjoy these benefits.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in certain categories, you’ll earn three points per dollar you spend. For instance, if make a purchase of $500 to your card during the first three months, you’ll get the welcome bonus of 100,000 points.
The Divvy is a great option for entrepreneurs who are starting their business and looking for an enterprise card. This type of credit card provides various advantages and features. It also lets you monitor your business expenses.
Divvy can be used alongside any other accounting software that allows users to see their financial expenses. The software lets you create a budget, restrict spending and even request money. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards evaluate your business’s financial situation and decide on how much you’ll have to spend every month. Contrary to traditional business credit cards, Divvy doesn’t require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is essential 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 interest rates for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash back. Certain cards provide rewards for shopping and traveling while others can be used to build your business’s credit.
In addition to the top business credit cards offered by Chase and other credit card issuers that are available to. However, you should think about how you will utilize a specific credit card. It is vital to select the correct business credit card for your needs.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. The card gives you solid rewards on various purchase categories and even covers employees’ cell phone bills.