For those who are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes, but the process of getting the business credit card could be daunting and confusing. Here are some things you should know about the process of obtaining credit card.
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Brex provides a range of financial services , including corporate credit cards as well as spend management and expense management software. It offers a complete financial solution to startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build credit histories. Applicants don’t pay interest or have to provide a personal guarantee. Instead, applicants are evaluated on their company’s financial model and spending habits.
Users can get a 100 percent credit limit. The limit is determined by the amount of money customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card, you can earn valuable rewards on purchases. For example, you can earn four points when you travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management tool. The card provides a range of benefits, including a flat 1.5% cashback rate on all purchases. The card has no annual fees and does not have any other conditions other than an excellent credit score.
For a startup business, the benefits of using the low-interest business credit cards could be very appealing. You might also consider a business credit card that offers additional protection.
A low-interest business credit cards are extremely convenient since you’re not juggling the hassle of managing multiple credit cards or worrying about how much money you’ll be able to afford each month. This is particularly applicable if you’re planning to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for new companies. It offers a range of benefits, such as the highest sign-up bonus, purchase protection, as well as travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be ideal. There aren’t any introductory APR promos and the spending limit may not be appropriate for your company. It’s also not the most effective points-earning program.
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On the other side however, the Ink Business Preferred Card offers several other valuable features, such as liability insurance in addition to primary car rental insurance, and a shopping protection. These perks are great for small business owners.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in specific categories, you’ll earn three points for every dollar you spend. For instance, if charge $500 in purchases to your card during the first three months, you’ll get a welcome bonus of 100,000 points.
The Divvy is a great option for startup business owners looking for an business card. This card has a variety of benefits and features. It also allows you to monitor your business expenses.
Divvy can be used with any external accounting software to allow users to see their financial expenses. The software allows you to make a budget, limit spending, and request funds. It also lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for businesses. These cards review your company finances and allow you to decide what amount of money you should 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 important to know the rate of the company prior to applying.
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Chase Ultimate Rewards
Business credit cards offer the opportunity to get the most favorable interest rates on business loans. They can also offer valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash or cash back. Some cards offer rewards for purchases and travel as well as others that can be used to boost your credit score.
Aside from the best business credit cards offered by Chase, there are other credit card issuers that you can turn to. However, you must think about the ways you will utilize a specific credit card. It is vital to locate the best business credit card that meets your needs.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. The card provides solid rewards for a variety of purchase categories and even covers mobile phone expenses.