For those who are 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 obtaining an enterprise credit card can be daunting and confusing. Here are some tips to be aware of the process of getting credit card.
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Brex 30
Brex provides a broad range of financial services, including corporate credit cards spending management, as well as expense management software. It offers a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card designed to help start-ups build credit histories. The applicants don’t have to pay interest and don’t have to provide personal guarantees. Instead the applicants are evaluated on their business model and their spending habits.
Credit limits of up to 100 percent are permitted for applicants. The 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 the Brex Corporate Credit Card, you can earn valuable rewards on purchases. For instance, you could earn four points on trips booked through Brex Travel. You can also get three points when 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 spending management tool. The card comes with a host of benefits, including a fixed 1.5% cash back rate on all purchases. The card has no annual fees and doesn’t require any other qualifications other than an excellent credit score.
A business credit card with low interest is a great option for those who are just starting out. You might also look into a credit card for business which offers additional security.
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 can afford to pay off every month. This is especially true when you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards available to start-up businesses. It offers many benefits, including a substantial initial bonus along with purchase protection, and travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promotions available, and the spending limit could be too low for your company. In addition, it’s not exactly the most generous points-earning program.
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On the other side it is worth noting that the Ink Business Preferred Card offers numerous other useful features, such as liability insurance, primary car rental coverage and a shopping insurance. These benefits are perfect for small business owners.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in specific categories, you can earn three points for every dollar you spend. For instance, if charge $500 in purchases to your credit card within the first three months, you’ll get the welcome bonus of 100,000 points.
Divide
If you’re a startup business owner looking for an account for business credit you might want to consider Divvy. This type of card comes with numerous advantages and features. You can also keep track of your business expenses using this card.
Divvy integrates with other accounting software, and allows users to easily monitor the financial expenses. You can create a budget, set limits, and request funds. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also has a corporate card. These cards look at your company’s finances and determine the amount you should spend every 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 essential to learn about the rates offered by the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best interest rates for business loans and provide valuable rewards. For example a Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Some cards offer rewards for shopping and traveling and some can be used to increase your business’s credit.
Aside from the best business credit cards from Chase and other credit card issuers that you can use. It is important to consider the way you intend to use the credit card. It is vital to find the right corporate credit card for your needs.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card a great option. This card gives you solid rewards across a variety of categories and even covers mobile phone bills.