For those that are starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes however, the process of applying for a business credit card can be confusing and overwhelming. Here are some things you need to know about the process of applying for an credit card.
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Brex provides a variety of financial services, including corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups establish their credit histories. The cardholders don’t have to pay any interest and don’t need to offer personal guarantees. Instead, applicants are evaluated based on their company’s business model and spending habits.
Credit limits of up 100 percent are allowed for applicants. The limit is by the amount of cash in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards when you use the Brex Corporate credit card. For example, you can earn four points on trips booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and a spend management solution. It comes with a myriad of benefits, including a flat 1.5% cash back rate on all purchases. The card doesn’t have annual fees and does not have any other qualifications other than a good credit rating.
For a startup business, the benefits of using the low-interest business credit cards could be very appealing. You may also want to consider a business credit card with additional protection.
One of the most important advantages of a low interest business credit card is that you don’t have 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 looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards that are designed for startups. It offers a variety of benefits, like the highest sign-up bonus, purchase protection, and travel benefits. It does have some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any initial APR promotions and the spending limit may not be appropriate for your company. It’s also not the best points-earning program.
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On the other side however, the Ink Business Preferred Card offers numerous other useful features, such as liability insurance as well as primary coverage for car rental and a shopping insurance. These perks are great for small-scale business owners.
Moreover that, the Ink Business Preferred Card is an excellent method to earn points. If you make purchases in certain categories, you can earn three points for every dollar you spend. For example, if you spend $500 on purchases made with your card in the first three months, you’ll receive a 100,000-point welcome bonus.
If you’re a start-up business owner in search of an account for business credit You might want to look into Divvy. This card offers a variety of advantages and features. You can also keep track of your business expenses by using this card.
Divvy can be used with any accounting software that allows users to monitor their financial expenses. You can create budget, set maximum limits and request money. You can also set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards review your company finances and assist you to decide on how much you’ll need to spend every month. As opposed to traditional business credit card, Divvy doesn’t require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to learn about the rates offered by the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure most competitive rates of interest on business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash back. Certain cards provide rewards for shopping and traveling as well as other cards that can be used to to build credit for your business.
There are numerous credit card issuers you can select from, including Chase. However, you should consider the manner in which you utilize a specific credit card. It is important to select the best business credit card that is suitable for your particular needs.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card is a great way to earn rewards on a variety of purchase categories and even covers cell phone bills.