If you’re thinking about creating an enterprise, the most important question is “Can I get my business credit card?” The answer is a resounding yes but the process of applying for an official business credit card can be daunting and confusing. Here are some tips to know about how to get an credit card.
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Brex 30
Brex provides a range of financial services including corporate credit cards, spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is an credit card that assists startups establish their credit history. It doesn’t charge interest or provide an individual guarantee. Instead applicants are evaluated based on their company’s financial model and spending habits.
Applicants can have up to a 100 percent credit limit. This limit is determined based on the amount of cash in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. For instance, you’ll earn four points when you travel booked through Brex Travel. You can also receive three points when dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management solution. The card provides a range of benefits, including a standard 1.5 percent cashback on all purchases. The card doesn’t have annual charges and doesn’t need any other conditions other than having a credit score of at least.
A business credit card with a low-interest rate is a great option for startups. You might also look into a business credit card which offers additional security.
One of the primary advantages of a low interest business credit card is that you don’t have to fret about juggling several cards or worrying about how much you’ll have to pay off every month. This is particularly true if you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It provides many benefits, including a substantial sign up bonus as well as purchase protection along with travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions to be found 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 it is worth noting that the Ink Business Preferred Card offers numerous other useful features, including liability coverage, primary car rental coverage and a shopping protection. These perks are great for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. If you make purchases in certain categories, you’ll earn three points for every dollar you spend. In this case, if you spend $500 on purchases with your card within the first three months, you will receive a 100,000-point welcome bonus.
Divvy
If you’re a start-up business owner in search of an enterprise credit card You might want to look into Divvy. This type of card offers many benefits and features. It also lets you keep track of your business expenses.
Divvy can be used alongside any other accounting software that allows users to look at their financial expenses. The software allows you to make a budget, limit spending, and request funds. Divvy also allows you to set an expense limit for your employees.
Divvy also has a corporate card. These cards evaluate your business’s finances and decide how much you’ll need to spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to be aware of the company’s rates prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest rates of interest for business loans, and also provide valuable rewards. For instance, a Chase Ultimate Rewards business credit card can earn bonus points that could be converted to cash back. Certain cards provide rewards for purchases and travel while others can be used to boost your credit score.
Aside from the best business credit cards from Chase, there are other credit card issuers you can choose from. However, you should consider the ways you will utilize a specific credit card. It is vital to find the right business credit card for your needs.
Small business owners will find the Ink Business Preferred(r), Credit Card an excellent option. The card is a good option for earning rewards for various purchase categories and even covers employees’ mobile phone expenses.