For those who are starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although there is a yes answer, it can be daunting and confusing to apply for an enterprise credit card. Here are some tips to be aware of before obtaining an credit card.
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Brex offers a variety of financial services including corporate credit cards as well as spend management and expense management software. Brex offers a complete financial solution for new businesses.
The Brex Card, or Brex for Startups, is a credit card that helps startups establish their credit history. It doesn’t charge interest or require a personal guarantee. Instead, applicants are evaluated based on their business model and spending habits.
The applicants can enjoy up to 100 percent credit. This limit is by the amount of cash in a customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
You can earn valuable rewards by using a Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also 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 host of benefits including a flat 1.5 percent cash-back rate on all purchases. The card does not have annual charges and doesn’t need any other requirements than an excellent credit score.
A business credit card with low interest is a great option for businesses that are just starting out. A business credit card that comes with added security may be an option.
Business credit cards with low interest are very convenient because you don’t have the worry of managing multiple credit cards or worrying about how much money you’ll have to pay each month. This is particularly applicable if you’re planning to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It has many benefits, including a substantial reward for signing up as well as purchase protection as well as travel benefits. It has some downsides.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any promotional APR deals and the spend limit may not be appropriate for your business. It’s also not the best points-earning program.
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On the other hand, the Ink Business Preferred Card offers many other beneficial features, including liability coverage as well as primary coverage for car rental and a shopping protection. These benefits are perfect for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. Spend in certain categories and earn 3 points for every dollar. In this instance when you spend $500 on purchases to your card in the first three months, you’ll receive a 100,000-point welcome bonus.
If you’re a start-up business owner looking for an enterprise credit card, you may want to look into Divvy. This card offers a variety of advantages and features. You can also keep track of your business expenses by using this card.
Divvy works with external accounting software, and allows users to quickly view the financial expenses. You can create budgets, set limits on spending and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also has corporate cards. The cards analyze your company’s finances and determine the amount you should spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
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 apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure the highest rates of interest on business loans. They also offer rewards. For instance, a Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash. Some cards offer rewards for shopping and travelling and some can be used to help to build credit for your business.
In addition to the top business credit cards offered by Chase, there are other credit card issuers that you can turn to. It is important to consider the method of use for the credit card. It is essential to find the right business credit card to meet your needs.
Small business owners will find the Ink Business Preferred(r), Credit Card a great option. This card gives you solid rewards for various categories of purchases and even protects employees’ mobile phone expenses.