For those that are starting a business, 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 obtaining a business credit card can be confusing and overwhelming. Here are a few tips to be aware of the process of applying for credit card.
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Brex offers a variety of financial products, including corporate credit cards, spend management and expense management software. Brex offers a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build their credit score. The applicants don’t pay interest or have to provide an individual guarantee. Instead the applicants are evaluated based on their budget and business model.
Credit limits up to 100 percent are available to applicants. This limit is determined by the amount of money that is in the customer’s Brex Cash account. Each day the Brex Card draws from the account to determine the limit of its spending.
You can earn rewards when you use the Brex Corporate credit card. For instance, you can earn four points when you travel booked through Brex Travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as an expense management tool. The card comes with a variety of benefits including a standard 1.5% cash back rate on all purchases. The card does not have annual fees and doesn’t have any other requirements than a good credit rating.
A business credit card with a low-interest rate is a great option for businesses that are just starting out. A business credit card that offers additional security could be an option.
A business credit card with a low-interest rate are very convenient because you don’t have the worry of managing multiple cards or worrying about how much money you can 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 for new businesses. It has many advantages, including a large sign-up bonus and purchase protection as well as travel benefits. However, it has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promotions to be found and the spending cap may be too low for your business. It’s not the most efficient points-earning feature.
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On the other hand the Ink Business Preferred Card offers numerous other useful features, such as liability insurance as well as primary coverage for car rental as well as a shopping security. If you’re a small-sized business owner, you’ll definitely benefit from these perks.
The Ink Business Preferred Card is another great way to earn points. Spend in certain categories , and you’ll earn three points per dollar. For instance, if you charge $500 on purchases to your credit card within the first three months, you’ll get a welcome bonus of 100,000 points.
If you’re a new business owner in search of an account for business credit You might want to think about Divvy. The card comes with a range of benefits and features. It also lets you monitor your business expenses.
Divvy is compatible alongside any other accounting software that allows users to monitor their financial expenses. The software lets you create 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 corporate customers. These cards assess your company’s finances and determine how much you’ll have to spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to be aware of the company’s rates before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure most competitive rates of interest on business loans. They also offer rewards. For example a Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash. Certain cards provide rewards for shopping and travel, while others can be used to build your credit score.
Aside from the best business credit cards from Chase, there are other credit card issuers you can use. You should also consider what you intend to do with the credit card. It is crucial to choose an enterprise credit card that suits your specific needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent option. This card offers solid rewards for a variety of purchase categories and even protects employees’ mobile phone expenses.