If you’re thinking of starting your own business, the first important question is “Can I get my business credit card?” The answer is a resounding yes however, the process of getting an official business credit card can be daunting and confusing. Here are some points you should be aware of about the process of getting a credit card.
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Brex offers a variety of financial services including corporate credit cards, spend management and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. The cardholders don’t have to pay any interest and don’t need to offer a personal guarantee. Instead, applicants are evaluated on their company’s business model and their spending habits.
Credit limits as high as 100 percent are available to applicants. The limit is determined by the amount of cash in the 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 significant rewards on purchases. For instance, you can earn four points when you travel booked through Brex Travel. You can also receive three points on dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spend management tool. The card offers a variety of advantages, including a fixed 1.5 percent cashback rate on all purchases. There are no annual charges, and the card doesn’t have any other requirements, aside from having a high credit score.
A low-interest business credit line is a great option for businesses that are just starting out. A business credit card that comes with additional security might be a viable option.
Business credit cards with low interest are extremely convenient since you don’t have to worry of managing multiple credit cards or worrying about how much money you can afford each month. This is especially true if you’re looking to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for startup businesses. It offers a range of benefits, like an excellent sign-up bonus purchase protection, and travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any APR introductory promotions to be found and the spending limit may be too low for your company. It’s also not the most generous point-earning system.
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On the other hand however, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance, primary car rental coverage and a shopping protection. These benefits are ideal for small business owners.
The Ink Business Preferred Card is another great method to earn points. When you spend in specific categories, you can earn 3 points per dollar you spend. For instance, if you add $500 worth of purchases to your credit card during the first three months, you’ll get the welcome bonus of 100,000 points.
If you’re a start-up business owner in search of a business credit card, you may want to look into Divvy. This kind of card comes with many benefits and features. It also lets you track your business expenses.
Divvy can be used with accounting software that allows users to quickly view the financial expenses. The software lets you create a budget, limit spending and request money. It also lets you set a spending limit for your employees.
Divvy also offers corporate cards. These cards review your company financial situation and help you decide how much money you should spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to learn about the rates offered by the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most competitive rates of interest on business loans. They also offer rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash or cash back. Certain cards provide rewards for shopping and travelling and some can be used to improve your company’s credit score.
There are a myriad of credit card issuers to choose from, including Chase. However, you must think about the manner in which you make use of a specific credit card. It is essential to locate the best business credit card that meets your requirements.
The Ink Business Preferred(r) Credit Card is a good choice for a small business owner. This card offers solid rewards on various purchase categories and also protects employees’ mobile phone bills.