For those who are just beginning the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes but it can be challenging and overwhelming to apply for a business credit card. Here are a few things to be aware of when applying for a credit card.
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Brex 30
Brex offers a variety of financial services including corporate credit cards, spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps entrepreneurs build credit histories. The cardholders don’t have to pay any interest and don’t have to provide an individual guarantee. Instead, applicants are evaluated by company business model and spending habits.
Credit limits up to 100 percent are permitted for applicants. The limit is determined by the amount of money the customer has in their Brex Cash account. Every day, the Brex Card draws from the account to determine the limit of its spending.
You can earn rewards when you use a Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also get three points for 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 range of benefits, including a flat 1.5 percent cashback rate on all purchases. There are no annual fees and the card doesn’t have any other requirements aside from having a high credit score.
A low-interest business credit card is a great option for businesses that are just starting out. A business credit card that comes with added security may be a good option.
One of the key advantages of a low interest business credit card is that you don’t need to fret about juggling several cards or worrying about the amount you can afford to pay off each month. This is especially true if you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It has many benefits, including a high reward for signing up as well as purchase protection as well as travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any APR introductory promotions to be found and the spending cap may be too low for your business. This isn’t the most efficient point-earning option.
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On the other hand, the Ink Business Preferred Card offers several other valuable features, such as liability insurance as well as primary coverage for car rental and a shopping protection. These perks are great for small business owners.
The Ink Business Preferred Card is another great way to earn points. If you make purchases in certain categories, you’ll earn three points per dollar you spend. In this instance when you spend $500 on purchases to your card in the first three months, you’ll get a 100,000 point welcome bonus.
Divvy
If you’re a startup business owner in search of a credit card for business you might want think about Divvy. This kind of card comes with numerous advantages and features. It also lets you track your business expenses.
Divvy can be integrated with any external accounting software that allows users to see their financial expenses. The program allows you to create a budget, restrict spending, and request funds. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also has a corporate card. These cards assess your company’s financial situation and decide on how much you can spend every 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 essential to be aware of the company’s rates before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest rates of interest for business loans and provide valuable rewards. For instance, a Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Some cards offer rewards for shopping and traveling while others can be used to help to build credit for your business.
There are a variety of credit card issuers you can choose from, such as Chase. It is important to consider the way you intend to use the credit card. It is vital to choose the appropriate corporate credit card for your needs.
Small-sized business owners will find the Ink Business Preferred(r), Credit Card an excellent option. This card provides solid rewards on different categories of purchases and even will pay for employees’ cell phone bills.