For those that are starting a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” While the answer is yes it can be a bit confusing and overwhelming to apply for an enterprise credit card. Here are a few things to be aware of before obtaining a credit card.
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Brex 30
Brex provides a variety of financial services, including corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish their credit history. Applicants don’t pay interest or need to provide personal guarantees. Instead the applicants are evaluated on their business model and their spending habits.
Customers can get up to 100 percent credit limit. The limit is by the amount of cash in a customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
You can earn rewards when you use the Brex Corporate credit card. For instance, you can get four points on travel booked through Brex Travel. You can also receive three points when dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card and spending management solution. The card comes with a host of benefits including a flat 1.5% cash back rate on all purchases. There are no annual charges, and the card does not have other requirements other than having a high credit score.
A business credit card with low interest is a great option for businesses that are just starting out. It is also possible to look into a business credit card with additional protection.
Business credit cards with low interest are very convenient because you’re not burdened with the stress of managing multiple credit cards or worrying about how much money you can afford each month. This is particularly relevant if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards designed for entrepreneurs. It provides many benefits, including a high sign-up bonus along with purchase protection, as well as travel benefits. It has some downsides.
The Ink Business Preferred Card may not be ideal. There aren’t any APR introductory promotions available, and the spending limit could be too low for your business. It’s also not the most effective point-earning option.
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The Ink Business Preferred Card, however provides a range of useful features such as liability coverage, primary coverage for car rentals shopping protection, as well as primary coverage for rental cars. As a small 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 3 points for every dollar. For example for example, if you spend $500 on purchases made with your card within the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy
Divvy is a good option for entrepreneurs who are starting their business and seeking an business card. This type of credit card provides numerous benefits and features. You can also keep track of your business expenses using this card.
Divvy can be integrated with any external accounting software to allow users to monitor their financial expenses. The software lets you create a budget, restrict spending and request money. Divvy also allows you to set an expense limit for your employees.
Divvy also has a corporate card. These cards assess your company’s finances and determine how much you can spend each 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 essential to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards can be the chance to secure best rates of interest on business loans. They can also offer useful rewards. For example, a Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Certain cards provide rewards for purchases and travel as well as others that can be used to boost your credit score.
There are a myriad of credit card issuers you can choose from, such as Chase. You should also think about how you will use the 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. This card provides solid rewards on different categories of purchases and also protects employees’ mobile phone bills.