If you are thinking of creating a business, the most important question is “Can I get my business credit card?” The answer is a resounding yes but the process of applying for the business credit card could be a bit overwhelming and confusing. Here are some things you should know about the process of obtaining credit card.
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Brex 30
Brex provides a range of financial products, including corporate credit cards spending management, as well as expense management software. It offers a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish credit histories. It doesn’t charge interest and don’t need to offer personal guarantees. Instead, applicants are evaluated by the company’s business model and spending habits.
Credit limits of up 100 percent are available to applicants. The limit is determined based on the amount of money that is 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 valuable rewards on purchases. For instance, you’ll get four points on travel booked through Brex Travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management solution. The card comes with a variety of benefits, including a flat 1.5 percent cash back rate on all purchases. There are no annual fees, and the card doesn’t have any other requirements aside from having a high credit score.
For businesses that are just starting out it is possible to reap the benefits of the low-interest business credit cards could be very appealing. A business credit card with additional security might be a viable option.
A low-interest business credit card are very convenient because you’re not juggling the hassle of managing multiple cards or worrying about the amount of money you’ll be able to afford each month. This is especially true when 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 designed for start-up companies. It comes with a range of benefits, including an impressive sign-up bonus, purchase security, and travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any promotional APR deals and the spend limit may not be appropriate for your business. Moreover, it’s not the most generous points-earning feature.
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On the other side, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance, primary car rental coverage and a shopping insurance. As a small company owner, you’ll certainly enjoy these benefits.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories and you’ll earn three points per dollar. For example when you spend $500 on purchases with your card in the first three months, you will be awarded a 100,000 points welcome bonus.
Divide
Divvy is an excellent choice for entrepreneurs who are starting their business and seeking an business card. This kind of card comes with a range of advantages and features. You can also keep track of your business expenses by using this card.
Divvy is compatible with any external accounting software that allows users to see their financial expenses. The software lets you create a budget, restrict spending and even request money. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also has corporate cards. These cards analyze your business’ finances and help you decide on how much you should spend every month. Contrary to traditional business credit cards, Divvy does NOT require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the highest interest rates for business loans. They can also offer valuable rewards. For example one card, the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for shopping and traveling while others can be used to build your business’s credit.
There are a variety of credit card issuers you can choose from, such as Chase. However, you must think about the ways you will use a particular credit card. It is vital to locate the best business credit card to meet your needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card an excellent choice. The card provides solid rewards across a variety of categories and even covers mobile phone expenses.