If you’re thinking about starting your own business, the first important question you should ask yourself is “Can I get my business credit card?” While the answer is yes but it can be daunting and confusing to apply for a business credit card. Here are some tips to be aware of the process of getting a credit card.
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Brex 30
Brex provides a variety of financial services, such as corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups build their credit score. Applicants don’t pay interest or need to provide a personal guarantee. Instead, applicants are rated by the business model of the company and spending patterns.
Credit limits up to 100 percent are permitted for applicants. This limit is determined by the amount of money that a customer has in their Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points when you book travel. You can also receive three points on 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 provides a range of benefits, including a simple 1.5 percent cashback on all purchases. The card is free of annual fees and doesn’t require any other conditions other than an excellent credit score.
If you are a new business, the benefits of using the low-interest business credit cards are a great deal. A business credit line with additional security could be an option.
One of the main benefits of a business low-interest credit card is that you don’t need to fret about juggling several cards or worrying about how much you’ll have to pay off every month. This is especially true if you’re looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards available to start-up businesses. It comes with a range of benefits, like a high sign-up bonus, purchase security, and travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR offers and the spending limit may not be appropriate for your business. Moreover, it’s not the most generous points-earning program.
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The Ink Business Preferred Card, on the other hand it comes with a variety of other beneficial features, such as liability coverage, primary car rental coverage shopping protection, as well as primary coverage for car rentals. As a small-scale business owner, you’ll definitely get these benefits.
The Ink Business Preferred Card is another great method to earn points. If you make purchases in certain categories, you can earn 3 points per dollar you spend. In this instance the case of spending $500 on purchases made with your card in the first three months, you will receive a 100,000-point welcome bonus.
Divvy
The Divvy is a great option for business owners who are just starting out seeking an enterprise card. This card has a variety of advantages and features. You can also keep track of your business expenses by using this card.
Divvy works with external accounting software and enables users to quickly view the financial expenses. The program lets you set a budget, limit spending and even request money. It also lets you set an expense limit for your employees.
Divvy also offers corporate cards. These cards look at your company’s finances and decide how much you’ll have to spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
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 can be used to obtain the most favorable rates of interest for business loans. They also offer rewards. For example a Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash. Certain cards provide rewards for travel and shopping while others can be used to help to build credit for your business.
There are many credit card issuers that you can choose from, such as Chase. You should also consider the way you intend to use the credit card. It is vital to select the correct business credit card that meets your requirements.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. This card is a great way to earn rewards on different categories of purchases as well as will pay for employees’ cell phone bills.
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