If you’re thinking about starting an enterprise, the most important thing to consider is “Can I get my business credit card?” The answer is a resounding yes but the process of applying for an enterprise credit card can be confusing and overwhelming. Here are some things you need to be aware of before obtaining a credit card.
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Brex 30
Brex offers a wide variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, or Brex for Startups, is a credit card that can help startups build their credit history. The applicants don’t have to pay interest or have to provide personal guarantees. Instead applicants are evaluated based on their company’s business model and spending habits.
Credit limits of up to 100 percent are permissible for applicants. This limit is determined by the amount of money that a customer has in their Brex Cash account. Each 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 for booking travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a budget management tool. The card provides a range of advantages, including a fixed 1.5% cashback rate on all purchases. There are no annual charges, and the card doesn’t require other requirements other than a good credit score.
A low-interest business credit card is a great choice for those who are just starting out. A business credit card that comes with additional protection may be a good option.
A business credit card with a low-interest rate are extremely convenient since you’re not juggling the hassle of managing multiple credit cards or worrying about the amount of money you’ll have to pay each month. This is particularly applicable if you’re planning to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards designed for start-up businesses. It has many benefits, including a high sign up bonus along with purchase protection, as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any initial APR promos and the spending limit may not be appropriate for your business. It’s also not the best points-earning strategy.
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The Ink Business Preferred Card, on the other hand, offers many other useful features such as liability coverage, primary car rental coverage shopping protection, as well as primary coverage for rental cars. These benefits are ideal for small-scale business owners.
Furthermore it is worth noting that the Ink Business Preferred Card is a great way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For instance, if you add $500 worth of purchases to your card in the first three months, you’ll get an offer of 100,000 points.
Divvy
Divvy is a good option for business owners in the beginning looking for an enterprise card. This type of card comes with numerous advantages and features. It also allows you to keep track of your business expenses.
Divvy can be used with accounting software that allows users to quickly view the financial expenses. You can create a budget, set limits, and request funds. Divvy also allows you to set the spending limit for your employees.
Divvy also has a corporate card. These cards look at your company’s finances and determine the amount you can spend every month. In contrast to traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy does not disclose any interest rates on its website. It is essential to know the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be a way to secure the highest interest rates for business loans, and can also offer useful rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash or cash back. Certain cards provide rewards for purchases and travel while others can be used to boost your credit score.
Apart from the top business credit cards from Chase and other credit card issuers you can choose from. You must also think about how you will use the credit card. It is crucial to choose the best business credit card that is suitable for your needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card gives you solid rewards for a variety of purchase categories and even protects employees’ mobile phone bills.