For those who are just beginning a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” Although the answer is yes it can be a bit challenging and overwhelming to apply for a business credit card. Here are a few tips to be aware of the process of getting the credit card.
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Brex provides a broad range of financial services, including corporate credit cards spending management, as well as expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups establish their credit histories. The cardholders don’t have to pay any interest and don’t need to offer a personal guarantee. Instead, applicants are evaluated on the basis of their business model and spending habits.
Credit limits of up 100 percent are allowed for applicants. The limit is by the amount of money that is in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards by using the Brex Corporate credit card. For instance, you’ll earn four points on trips booked through Brex Travel. Additionally, you can earn 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 budget management tool. The card comes with a range of advantages, including a fixed 1.5% cashback rate on all purchases. The card is free of annual fees and doesn’t require any other conditions other than a good credit rating.
A business credit card with a low-interest rate is a great option for startups. A business credit card that offers additional security might be a viable option.
One of the primary advantages of a low interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you can afford to pay off each month. This is especially true when you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It comes with a range of advantages, including a high sign-up bonus, purchase security, and travel perks. However, it does have a few drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions to be found and the spending cap may be too low for your company. It’s not the most efficient points-earning program.
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The Ink Business Preferred Card, on the other hand it comes with a variety of other beneficial features like liability insurance and primary coverage for car rentals shopping protection, as well as primary coverage for car rentals. As a small-scale company owner, you’ll certainly get these benefits.
Furthermore, the Ink Business Preferred Card is a great opportunity to earn points. When you spend in certain categories, you can earn three points for every dollar you spend. In this instance the case of spending $500 on purchases on your card in the first three months, you’ll be awarded a 100,000 points welcome bonus.
If you’re a new business owner in search of a credit card for business You might want to think about Divvy. This card has a variety of advantages and features. You can also monitor your business expenses with this card.
The Divvy app can be used alongside any other accounting software to allow users to see their financial expenses. You can then create budgets, set limits, and request money. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business finances and assist you to determine how much you’ll need to spend every month. Unlike traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know 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 most favorable interest rates for business loans and provide valuable rewards. For instance, a Chase Ultimate Rewards business credit card can earn bonus points that could be converted to cash back. Certain cards provide rewards for shopping and travelling while others can be used to improve your company’s credit score.
Apart from the top business credit cards offered by Chase and other credit card issuers that you can use. You should also consider the method of use for the credit card. It is crucial to choose a business credit card that is suitable for your particular needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card an excellent choice. The card provides solid rewards for various purchase categories and even covers mobile phone expenses.