For those who are just beginning a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes however the process of obtaining a business credit card can be daunting and confusing. Here are a few tips to be aware of the process of applying for a credit card.
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Brex offers a variety of financial services like corporate credit cards, spend management and expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish credit histories. The applicants don’t have to pay interest or provide an individual guarantee. Instead, applicants are rated by the company’s business model and spending habits.
Credit limits as high as 100 percent are permissible for applicants. The limit is based on the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. For instance, you’ll earn four points when you travel 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 also be used as a spending management tool. It offers a wide range of advantages, including a fixed 1.5 percent cashback on all purchases. The card is free of annual charges and doesn’t need any other requirements other than having a high credit score.
For a business that is just beginning one of the advantages of using a business credit card that is low-interest could be very appealing. A business credit card that comes with added security may be an option.
One of the most important features of a low-interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll be able to pay each month. This is especially applicable if you’re planning to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for startup companies. It comes with a range of advantages, including a high sign-up bonus, purchase protection, and travel benefits. It does have some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any promotional APR promotions to be found and the spending cap could be too low for your company. It’s also not the most effective point-earning option.
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On the other side however, the Ink Business Preferred Card offers numerous other useful features, including liability coverage in addition to primary car rental insurance and a shopping protection. These benefits are ideal for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories and you’ll earn three points per dollar. For example for example, if you spend $500 on purchases to your card in the first three months, you’ll be awarded a 100,000 points welcome bonus.
The Divvy card is a great choice for startup business owners seeking a business card. This type of card comes with a range of benefits and features. You can also keep track of your business expenses using this card.
Divvy is compatible with any external accounting software that allows users to view their financial expenses. You can then create budgets, set limits, and request money. You can also set an expense limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your business’ finances and help you decide what amount of money you should 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. It is important to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure best rates of interest for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash or cash back. Certain cards provide rewards for shopping and travelling while others can be used to help to build credit for your business.
Aside from the best business credit cards from Chase but there are many other credit card issuers you can choose from. You should also think about the way you intend to use the credit card. It is vital to locate the best business credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a good choice for small-sized business owners. This card provides solid rewards on various purchase categories and even protects employees’ mobile phone bills.