For those that are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes however the process of getting the business credit card could be daunting and confusing. Here are a few things you should know about the process of getting credit card.
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Brex provides a variety of financial services, including corporate credit cards, spend management, and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build credit histories. The cardholders don’t have to pay any interest or offer an individual guarantee. Instead applicants are evaluated based on their company’s business model and spending habits.
Credit limits of up 100 percent are allowed for applicants. This limit is determined by the amount of cash in the customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
You can earn significant rewards with a Brex Corporate credit card. For instance, you can earn four points on trips booked through Brex Travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management tool. It comes with a myriad of benefits including a standard 1.5 percent cash-back rate on all purchases. The card has no annual fees and does not have any other qualifications other than having a credit score of at least.
A low-interest business credit line is a great option for businesses that are just starting out. A business credit card that offers additional security could be an option.
One of the key features of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you can afford to pay off every month. This is especially true if you’re looking to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards for new businesses. It comes with a range of benefits, including an impressive sign-up bonus, purchase security, and travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any APR introductory promotions available, and the spending limit may be too low for your company. It’s also not the most generous point-earning system.
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The Ink Business Preferred Card, on the other hand provides a range of useful features, including liability coverage as well as primary coverage for car rentals, shopping protection, and primary coverage for car rentals. These benefits are perfect for small business owners.
Furthermore it is worth noting that the Ink Business Preferred Card is an excellent method to earn points. Spend in specific categories and you’ll earn three points per dollar. For instance, if add $500 worth of purchases to your credit card within the first three months, then you’ll be rewarded with an initial bonus of 100,000 points.
The Divvy card is a great choice for entrepreneurs who are starting their business and seeking an business card. This type of credit card provides a range of benefits and features. You can also monitor your business expenses with this card.
Divvy works with external accounting software and enables users to view their the financial expenses. You can then create a budget, set maximum limits and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also has corporate cards. The cards analyze your company’s finances and determine how much you can spend each 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 is important to learn about the rates offered by the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best interest rates for business loans. They also offer rewards. For instance one card, the Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for shopping and travelling and some can be used to help increase your business’s credit.
There are many credit card issuers you can pick from, including Chase. You should also think about what you intend to do with the credit card. It is important to find 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. The card gives you solid rewards on a variety of purchase categories and even covers employees’ cell phone bills.