If you are thinking of creating your own business, the first important question to ask is “Can I get my business credit card?” The answer is a resounding yes, but the process of obtaining an official business credit card can be overwhelming and confusing. Here are some things to know about how to get the credit card you need.
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Brex 30
Brex offers a wide range of financial services, such as 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 establish their credit histories. Applicants don’t pay interest and don’t have to provide an individual guarantee. Instead, applicants are assessed by the business model of the company and spending patterns.
Credit limits up to 100 percent are available to applicants. The limit is based on the amount of money that is in the customer’s Brex Cash account. Each day the Brex Card draws from the account to determine the limit of its spending.
You can earn valuable rewards by using a Brex Corporate credit card. For instance, you’ll earn four points on travel booked through Brex Travel. You can also receive three points when dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spending management system. It offers a wide range of benefits, including a flat 1.5% cashback rate on all purchases. The card is free of annual fees and does not have any other requirements other than an excellent credit score.
A business credit card with a low-interest rate is a great choice for startups. A business credit card that comes with additional security could be an option.
One of the key advantages of a low interest business credit card is that you don’t have to worry about managing multiple cards or worrying about the amount you can afford to pay off each month. This is particularly true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It offers many advantages, such as a huge sign-up bonus and purchase protection along with travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promotions to be found, and the spending limit may be too low for your business. It’s also not the most effective points-earning feature.
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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 as well as primary coverage for car rental and a shopping insurance. If you’re a small-sized business owner, you’ll definitely benefit from these benefits.
Additionally it is worth noting that the Ink Business Preferred Card is a great way to earn points. When you spend money in certain categories, you can earn three points for every dollar you spend. For instance, if you add $500 worth of purchases to your card during the first three months, you’ll receive the welcome bonus of 100,000 points.
Divide
If you’re a start-up business owner in search of a credit card for business, you may want to consider Divvy. This type of card offers many benefits and features. You can also monitor your business expenses with this card.
Divvy integrates with other accounting software, allowing users to easily monitor the financial expenses. You can create budgets, set limits on spending and request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. The cards analyze your company’s finances and determine the amount you should spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to learn about the rates offered by the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest interest rates for business loans. They also offer 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 as well as other cards that can be used to help build your business’s credit.
There are many credit card issuers you could select from, including Chase. It is important to consider how you will use the credit card. It is crucial to locate the best business credit card to meet your needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card gives you solid rewards on various purchase categories, and it even covers employees’ cell phone bills.