If you are thinking of starting your own business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is yes but the process of getting a business credit card can be confusing and overwhelming. Here are some tips to be aware of before obtaining credit card.
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Brex 30
Brex provides a broad range of financial services, including corporate credit cards, spend management, and expense management software. Brex provides a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build credit histories. Applicants don’t pay interest or have to provide an individual guarantee. Rather, applicants are evaluated by the company’s business model and spending patterns.
Credit limits of up to 100 percent are available to applicants. This limit is determined by the amount of money a customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. For example, you can earn four points on travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management solution. The card comes with a host of benefits including a flat 1.5 percent cash-back rate on all purchases. There are no annual charges, and the card does not have other requirements except for having a credit score of at least.
For a startup business benefiting from a low-interest business credit card are a great deal. You may also look into a business credit card that offers additional protection.
A business credit card with a low-interest rate are very convenient because you don’t have to worry of managing multiple credit cards or worrying about the amount of money you’ll have to pay each month. This is particularly true if you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards designed for start-up companies. It comes with a variety of benefits, including a substantial sign-up bonus, purchase protection, along with travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promos and the spending limit may not be appropriate for your company. Furthermore, it’s not the most generous points-earning feature.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features, including liability coverage as well as primary car rental coverage, shopping protection, and primary coverage for rental cars. As a small-scale business owner, you’ll definitely benefit from these perks.
Moreover, the Ink Business Preferred Card is an excellent opportunity to earn points. When you spend in specific categories, you can earn three points for every dollar you spend. For instance, if you add $500 worth of purchases to your card in the first three months, you’ll receive a welcome bonus of 100,000 points.
Divide
The Divvy card is a great choice for startup business owners looking for business cards. This card has a variety of benefits and features. You can also monitor your business expenses with this card.
Divvy can be integrated alongside any other accounting software that allows users to monitor their financial expenses. You can create budgets, set the limits, and request money. You can also set an expense limit for your employees.
Divvy also offers a corporate credit card for companies. These cards look at your company’s financial situation and decide on how much you’ll need to spend each month. Contrary to traditional business credit cards, Divvy doesn’t require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. It is important to find out the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure most favorable rates of interest on business loans and offer valuable rewards. For instance a Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash back. Certain cards provide rewards for shopping and travel as well as others that are able to help build your credit score.
In addition to the top business credit cards from Chase but there are many other credit card issuers you can turn to. It is important to consider the method of use for the credit card. It is important to select the best business credit card that suits your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card offers solid rewards for various categories of purchases and even covers cell phone bills.