For those that are starting a business, 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, but the process of getting the business credit card could be a bit overwhelming and confusing. Here are a few points you should be aware of about the process of applying for the credit card.
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Brex offers a variety of financial services , including corporate credit cards, spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit score. The applicants don’t have to pay interest and don’t need to provide personal guarantees. Instead, applicants are evaluated based on their company’s business model and spending habits.
Customers can get up to a 100 percent credit limit. This limit is determined based on the amount of money that is in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards when you use a Brex Corporate credit card. Brex Travel offers four points when you book travel. Additionally, you can earn 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 an expense management tool. The card comes with a range of benefits, including a simple 1.5% cashback rate on all purchases. There are no annual fees and the card doesn’t have any other requirements except for an excellent credit score.
A business credit card with a low-interest rate is a great choice for new businesses. A business credit card with additional security could be a viable option.
One of the primary benefits of a business low-interest credit card is that you don’t need to worry about managing multiple cards or worrying about how much you’ll be able to pay each month. This is especially true when you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards designed for entrepreneurs. It offers many benefits, including a high reward for signing up and purchase protection along with travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promotions to be found and the spending limit may be too low for your business. It’s also not the most effective point-earning option.
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On the other hand, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance and primary car rental coverage and a shopping protection. If you’re a small-sized company owner, you’ll certainly benefit from these perks.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you can earn 3 points per dollar you spend. In this example the case of spending $500 on purchases on your card within the first three months, you will get a 100,000 point welcome bonus.
The Divvy is a great option for startup business owners looking for a business card. This kind of card comes with various benefits and features. It also allows you to track your business expenses.
The Divvy app can be used with any accounting software to allow users to monitor their financial expenses. The software lets you create a budget, restrict spending and even request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers corporate cards. These cards evaluate your business’s financial situation and decide on how much you’ll need to spend every month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable rates of interest on business loans and provide valuable rewards. For example one card, the Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Certain cards provide rewards for travel and shopping while others can be used to improve your company’s credit score.
There are many credit card issuers that you can select from, including Chase. However, you should think about how you will make use of a specific credit card. It is important to select the right business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card provides solid rewards across a variety of categories and even protects employees’ mobile phone expenses.