If you’re starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes it can be confusing and overwhelming to apply for an enterprise credit card. Here are some things you need to be aware of before obtaining an credit card.
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Brex 30
Brex offers a wide range of financial services, such as corporate credit cards and spend management as well as expense management software. It offers a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups establish their credit histories. The applicants don’t have to pay interest and don’t have to offer personal guarantees. Instead the applicants are evaluated based on their company’s business model and spending habits.
Applicants can have up to a 100 percent credit limit. The limit is determined by the amount of money that is in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points for booking travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a budget management tool. The card comes with a host of benefits, including a fixed 1.5% cash back rate on all purchases. The card does not have annual fees and does not have any other qualifications other than an excellent credit score.
If you are a new business, the benefits of using the low-interest business credit cards could be very appealing. You may also want to consider a business credit card that provides additional security.
A business credit card with a low-interest rate are very convenient because you don’t have the worry of managing multiple credit cards or worrying about the amount of money you can afford each month. This is especially relevant if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards that are designed for startups. It provides a wide range of benefits, such as an excellent sign-up bonus purchase security, and travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There are no introductory APR offers and the spending limit may not be appropriate for your business. It’s also not the most effective points-earning program.
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On the other side the Ink Business Preferred Card offers many other beneficial features, such as liability insurance, primary car rental coverage and a shopping protection. These perks are perfect for small-scale business owners.
Moreover to that, the Ink Business Preferred Card is an excellent way to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. In this case, if you spend $500 on purchases to your card in the first three months, you will receive a 100,000 point welcome bonus.
Divvy
If you’re a business owner looking for an enterprise credit card you might want to look into Divvy. This card offers a variety of benefits and features. You can also keep track of your business expenses by using this card.
Divvy can be integrated with any external accounting software that allows users to view their financial expenses. The software lets you set a budget, limit spending and request money. Divvy also allows you to set the spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards review your company financial situation and help you decide on how much you’ll need to spend each month. Contrary to traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards provide a way to secure the best interest rates on business loans, and they can also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash or cash back. Certain cards provide rewards for purchases and travel and others are able to help build your credit score.
There are many credit card issuers you can select from, including Chase. But, you must consider the way you intend to use a particular credit card. It is important that you locate the best corporate credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card provides solid rewards on different categories of purchases and also covers cell phone bills.