If you’re starting a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes, but the process of getting a business credit card can be a bit overwhelming and confusing. Here are some things you need to be aware of before obtaining the credit card you need.
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Brex 30
Brex offers a variety of financial services like corporate credit cards spending management, as well as expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is an account that helps startups establish credit histories. Applicants don’t pay interest or need to provide an individual guarantee. Instead, applicants are evaluated on the basis of their business model and spending patterns.
Users can get 100 percent credit. This limit is determined by the amount of money that is in the customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. For example, you can earn four points on trips booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as an expense management tool. The card offers a variety of benefits, including a standard 1.5 percent cashback rate on all purchases. There are no annual fees and the card doesn’t require other requirements except for a good credit score.
A low-interest business credit card is a great choice for new businesses. A business credit line with additional security could be an option.
Business credit cards with low interest are very convenient because you don’t have the worry of managing multiple cards or worrying about the amount of money you’ll have to pay each month. This is especially applicable if you’re planning to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for new businesses. It has many advantages, such as a huge reward for signing up, purchase protection, and travel perks. It has some downsides.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any initial APR deals and the spend limit may not be appropriate for your company. It’s also not the best points-earning strategy.
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On the other side it is worth noting that the Ink Business Preferred Card offers many other beneficial features, including liability coverage, primary car rental coverage and a shopping insurance. These benefits are ideal for small business owners.
The Ink Business Preferred Card is another great method to earn points. Spend in certain categories , and you’ll earn three points per dollar. In this case, if you spend $500 on purchases made with your card in the first three months, you’ll be awarded a 100,000 points welcome bonus.
Divide
The Divvy card is a great choice for business owners in the beginning seeking an business card. This type of card comes with many advantages and features. You can also monitor your business expenses with this card.
Divvy can be used with any external accounting software that allows users to monitor their financial expenses. The software allows you to set a budget, limit spending, and request funds. It also lets you set a spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business’s finances and determine how much you should spend each month. In contrast to traditional business credit cards, Divvy is not a requirement for personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to learn about the rates offered by the company prior to applying.
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Chase Ultimate Rewards
Business credit cards offer an opportunity to secure the best rates of interest on business loans, and they can also provide valuable rewards. For instance a Chase Ultimate Rewards business credit card gives you bonus points that could be converted to cash back. Certain cards provide rewards for travel and shopping, while others are able to help build your credit score.
Aside from the best business credit cards from Chase but there are many other credit card issuers are available to. But, you must consider the manner in which you make use of a specific credit card. It is important to select a business credit card that meets your specific needs.
Small business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. The card gives you solid rewards on a variety of purchase categories, and it even will pay for employees’ cell phone bills.