If you’re thinking about creating a business, the most important question to ask is “Can I get my business credit card?” While there is a yes answer but it can be daunting and confusing to apply for a business credit card. Here are some things you need to be aware of before obtaining credit card.
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Brex 30
Brex offers 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, or Brex for Startups, is an credit card that assists startups establish their credit history. It doesn’t charge interest or provide a personal guarantee. Instead, applicants are rated by company business model and spending habits.
Applicants can have up to 100 percent credit. The limit is determined based on the amount of money in a customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. For instance, you can earn four points when you 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 small-sized business credit card that can also be used as a budget management tool. The card comes with a variety of benefits including a flat 1.5 percent cash back rate on all purchases. The card is free of annual fees and does not have any other requirements than a good credit rating.
If you are a new business benefiting from a business credit card that is low-interest can be extremely appealing. A business credit card that offers additional security might be a viable option.
One of the key advantages of a low-interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you can afford to pay off every month. This is especially true if are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for new businesses. It offers a range of benefits, like an excellent sign-up bonus purchase protection, and travel benefits. However, it also has a few drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR deals and the spend limit might not be suitable for your business. It’s also not the most effective points-earning feature.
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On the other hand however, the Ink Business Preferred Card offers many other beneficial features, including liability coverage and primary car rental coverage and a shopping insurance. If you’re a small business owner, you’ll surely get these benefits.
Additionally it is worth noting that the Ink Business Preferred Card is an excellent opportunity to earn points. Spend in specific categories and you’ll earn three points per dollar. In this example, if you spend $500 on purchases on your card in the first three months, you will be awarded a 100,000 points welcome bonus.
Divvy
The Divvy card is a great choice for business owners in the beginning seeking business cards. The card comes with a range of benefits and features. It also allows you to keep track of your business expenses.
Divvy is compatible with any external accounting software to allow users to look at their financial expenses. You can create budgets, set limits, and request funds. Divvy also allows you to set a spending limit for your employees.
Divvy also offers corporate cards. These cards review your company finances and allow you to decide what amount of money you can spend every month. As opposed to traditional business credit card, Divvy does NOT require personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s essential to be aware of the company’s rates 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 also provide valuable rewards. For example the Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash. Certain cards provide rewards for purchases and travel as well as others that can be used to boost your credit score.
Aside from the best business credit cards offered by Chase and other credit card issuers that you can use. It is important to consider how you will use the credit card. It is important to select an enterprise credit card that will meet your specific needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card an excellent option. The card is a good option for earning rewards for a variety of purchase categories and even will pay for employees’ mobile phone expenses.