If you’re starting a business, one 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 an official business credit card can be a bit overwhelming and confusing. Here are some things you need to be aware of before obtaining an credit card.
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Brex offers a wide range of financial services, such as corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit history. It doesn’t charge interest or require personal guarantees. Instead, applicants are evaluated based on their budget and business model.
Credit limits of up 100 percent are allowed for applicants. The limit is determined based on the amount of cash in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards with a Brex Corporate credit card. For instance, you’ll earn four points on travel booked through Brex Travel. You can also receive three points on dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spending management solution. The card comes with a variety of benefits including a standard 1.5 percent cash back rate on all purchases. There are no annual fees and the card does not have other requirements aside from having a credit score of at least.
A low-interest business credit card is a great choice for businesses that are just starting out. It is also possible to think about 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 cards or worrying about how much money you’ll be able to afford each month. This is especially important if you’re trying to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It offers a variety of benefits, like an impressive sign-up bonus, purchase protection, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There are no introductory APR promotions available, and the spending cap could be too low for your business. It’s also not the most generous point-earning system.
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On the other side however, the Ink Business Preferred Card offers several other valuable features, including liability coverage, primary car rental coverage and a shopping insurance. If you’re a small company owner, you’ll certainly benefit from these benefits.
Moreover to that, the Ink Business Preferred Card is a great method to earn points. When you spend in certain categories, you can earn 3 points per dollar you spend. For instance, if charge $500 on purchases to your credit card within the first three months, you’ll get a welcome bonus of 100,000 points.
Divvy is an excellent choice for business owners in the beginning seeking a business card. This type of card offers numerous advantages and features. You can also keep track of your business expenses using this card.
Divvy is compatible with any external accounting software to allow users to view their financial expenses. The program lets you set a budget, limit spending, and request funds. You can also set a spending limit for your employees.
Divvy also offers a corporate card. The cards analyze your company’s finances and determine how much you can spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to be aware of the company’s rates before applying.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the most favorable interest rates on business loans. They can also offer valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash or cash back. Some cards offer rewards for shopping and travel while others can be used to improve your credit score.
There are many credit card issuers to choose from, such as Chase. However, you should think about the manner in which you make use of a particular credit card. It is essential to locate a business credit card that will meet your specific requirements.
Small business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. This card gives you solid rewards for a variety of purchase categories and even will pay for employees’ mobile phone bills.