For those who are just beginning the business of their own, one of 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 challenging and overwhelming to apply for an enterprise credit card. Here are some things to be aware of before obtaining an credit card.
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Brex 30
Brex provides a variety of financial services, including corporate credit cards, spend management, and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit score. Applicants don’t pay interest or require an individual guarantee. Instead, applicants are evaluated by the company’s business model and spending habits.
Credit limits of up 100 percent are permissible for applicants. This limit is by the amount of money that is in the customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
You can earn rewarding rewards using a Brex Corporate credit card. For instance, you’ll earn four points on travel 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 all-in-one small business credit card and spend management tool. The card comes with a variety 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.
For a startup business, the benefits of using a low-interest business credit card can be extremely appealing. You might also look into a credit card for business that offers additional protection.
One of the main benefits of a business low-interest credit card is that you don’t have to worry about juggling multiple cards or worrying about the amount you can afford to pay off every month. This is especially true if you’re looking to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards designed for start-up companies. It offers a variety of benefits, such as an excellent sign-up bonus purchase security, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions available, and the spending cap could be too low for your business. It’s also not the best points-earning strategy.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features, such as liability coverage primary coverage for car rentals shopping protection, as well as primary coverage for car rentals. These perks are perfect for small business owners.
Additionally it is worth noting that the Ink Business Preferred Card is a great method to earn points. If you make purchases in certain categories, you’ll earn 3 points per dollar you spend. For example when you spend $500 on purchases on your card within the first three months, you will receive a 100,000-point welcome bonus.
Divvy
If you’re a startup business owner looking for an account for business credit you might want think about Divvy. This type of credit card provides a range of benefits and features. It also allows you to keep track of your business expenses.
Divvy is compatible with external accounting software, allowing users to easily monitor financial expenses. You can create a budget, set maximum limits and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers corporate cards. These cards evaluate your business financial situation and help you decide on how much you’ll need to spend every month. In contrast to traditional business credit cards, Divvy is not a requirement for personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most competitive interest rates for business loans and provide valuable rewards. For instance the Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Certain cards provide rewards for shopping and traveling, and others can be used to build your business’s credit.
There are many credit card issuers you could choose from, including Chase. You must also think about how you will use the credit card. It is crucial to choose the right business credit card that suits your particular needs.
Small business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. This card gives you solid rewards for a variety of purchase categories and even protects employees’ mobile phone bills.