If you’re thinking of creating your own business, the first important question you should ask yourself is “Can I get my business credit card?” Although the answer is yes it can be daunting and confusing to apply for a business credit card. Here are some tips to know about how to get the credit card you need.
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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 offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups build their credit score. It doesn’t charge interest or need to provide a personal guarantee. Instead, applicants are evaluated on their company’s budget and business model.
The applicants can enjoy up to 100 percent credit. This limit is determined by the amount of money that a customer has in their Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points for booking travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spending management system. The card comes with a host of benefits including a flat 1.5 percent cash back rate on all purchases. The card has no annual fees and doesn’t have any other requirements than having a high credit score.
A low-interest business credit card is a great option for businesses that are just starting out. You may also consider a business credit card that provides additional security.
One of the most important advantages of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about the amount you can afford to pay off every month. This is especially relevant if you’re trying 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 range of advantages, including the highest sign-up bonus, purchase protection, as well as 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 and the spending limit may not be appropriate for your company. It’s also not the best points-earning strategy.
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On the other hand, the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage as well as a shopping security. These benefits are perfect for small business owners.
Additionally to that, the Ink Business Preferred Card is an excellent opportunity to earn points. When you spend money in certain categories, you can earn three points for every dollar you spend. In this example, if you spend $500 on purchases on your card in the first three months, you will receive a 100,000-point welcome bonus.
Divide
If you’re a start-up business owner looking for a business credit card, you may want to consider Divvy. This card offers a variety of benefits and features. It also lets you track your business expenses.
Divvy can be used with accounting software and enables users to quickly view financial expenses. You can create a budget, set limits on spending and request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business’s finances and determine the amount you can spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is essential to know the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards provide the chance to secure most favorable interest rates on business loans. They can also provide valuable rewards. For instance, a Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash back. Some cards offer rewards for shopping and traveling as well as others that can be used to build your credit score.
Apart from the top business credit cards offered by Chase but there are many other credit card issuers that you can choose from. You must also think about the method of use for the credit card. It is vital to locate the best corporate credit card for your requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a great option. The card provides solid rewards for a variety of purchase categories and even will pay for employees’ mobile phone expenses.