If you’re thinking of creating your own business, the first important thing to consider is “Can I get my business credit card?” While there is a yes answer it can be a bit challenging and overwhelming to apply for an enterprise credit card. Here are some things you need to know about the process of getting an credit card.
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Brex provides a broad range of financial services, such as corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps startups build their credit history. Applicants don’t pay interest or provide an individual guarantee. Instead, applicants are rated by company business model and spending habits.
Credit limits as high as 100 percent are allowed for applicants. The limit is determined by the amount of money a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards with the Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as an expense management tool. It offers a wide range of benefits, including a flat 1.5 percent cashback rate on all purchases. There are no annual fees and the card doesn’t have other requirements other than having a high credit score.
A business credit card with a low-interest rate is a great choice for new businesses. It is also possible to look into a credit card for business with additional protection.
A low-interest business credit card are very convenient because you’re not juggling the hassle of managing multiple cards or worrying about how much money you’ll be able to afford each 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 top business credit cards available to start-up businesses. It provides many advantages, including a large reward for signing up as well as purchase protection as well as travel benefits. It has some downsides.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any initial APR promos and the spending limit might not be suitable for your company. In addition, it’s not exactly the most generous points-earning feature.
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On the other hand it is worth noting that the Ink Business Preferred Card offers several other valuable features, including liability coverage and primary car rental coverage and a shopping insurance. These benefits are ideal for small business owners.
Moreover that, the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories and earn three points per dollar. For instance, if add $500 worth of 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 business owner in search of an account for business credit you might want to consider Divvy. This type of credit card provides various benefits and features. It also allows you to monitor your business expenses.
Divvy integrates with other accounting software and enables users to easily view the financial expenses. You can create a budget, set limits on spending and request money. Divvy also allows you to set the spending limit for your employees.
Divvy also has corporate cards. These cards review your company financial situation and help you decide how much money you’ll need to spend each month. Contrary to traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential 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 obtain the highest rates of interest for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Some cards offer rewards for shopping and traveling and others can be used to build your credit score.
There are a variety of credit card issuers to pick from, including Chase. But, you must consider how you will use a particular credit card. It is essential to choose the appropriate business credit card that meets your requirements.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card an excellent option. This card provides solid rewards on a variety of purchase categories as well as will pay for employees’ cell phone bills.