If you are thinking of starting your own business, the first important question to ask is “Can I get my business credit card?” The answer is yes however, the process of obtaining the business credit card could be confusing and overwhelming. Here are a few tips to be aware of the process of getting credit card.
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Brex provides a range of financial services like corporate credit cards along with spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups build their credit history. The applicants don’t have to pay interest and don’t need to provide a personal guarantee. Instead, applicants are evaluated on the basis of their business model and spending habits.
The applicants can enjoy up to 100 percent credit limit. This limit is determined by the amount a 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 substantial rewards on purchases. For example, you can get four points on travel booked through Brex Travel. You can also get three points for 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 host of benefits including a standard 1.5 percent cash-back rate on all purchases. The card does not have annual fees and doesn’t require any other conditions other than an excellent credit score.
For a business that is just beginning one of the advantages of using the low-interest business credit cards could be very appealing. A business credit card that offers added security may be an option.
One of the key advantages of a low interest business credit card is that you don’t need to fret about juggling several cards or worrying about the amount you can afford to pay off each month. This is especially true if you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards for startups. It has many benefits, including a substantial sign-up bonus, purchase protection, along with travel perks. It has some downsides.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any promotional APR promotions available, and the spending limit could be too low for your company. Moreover, it’s not the most generous points-earning feature.
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On the other hand the Ink Business Preferred Card offers numerous other useful features, such as liability insurance, primary car rental coverage and a shopping insurance. If you’re a small-sized company owner, you’ll certainly benefit from these perks.
Moreover to that, the Ink Business Preferred Card is an excellent way to earn points. When you spend in certain categories, you’ll earn 3 points for every dollar you spend. For example, if you charge $500 in purchases to your card in the first three months, then you’ll be rewarded with an initial bonus of 100,000 points.
If you’re a start-up business owner looking for a business credit card you might want to look into Divvy. This kind of card comes with numerous benefits and features. It also allows you to keep track of your business expenses.
Divvy integrates with other accounting software, and allows users to easily monitor the financial expenses. You can create budgets, set the maximum limits and request money. It also lets you set an expense limit for your employees.
Divvy also offers corporate cards. These cards analyze your business finances and assist you to decide on how much you can spend every 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’s important to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the highest rates of interest on business loans. They also offer rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash back. Some cards offer rewards for shopping and traveling, while others are able to help build your credit score.
In addition to the top business credit cards offered by Chase There are other credit card issuers you can use. However, you should consider how you will utilize a specific credit card. It is crucial to find the right corporate credit card for your needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent option. The card provides solid rewards for various purchase categories and even will pay for employees’ mobile phone expenses.