For those who are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes, but the process of obtaining the business credit card could be confusing and overwhelming. Here are some things to be aware of before obtaining a credit card.
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Brex offers a wide variety of financial services, including corporate credit cards and spend management as well as expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that helps startups establish credit histories. The applicants don’t pay interest or provide an individual guarantee. Instead applicants are evaluated on their budget and business model.
Applicants can have up to a 100 percent credit limit. The limit is determined by the amount customers have in their 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 valuable rewards on purchases. For instance, you’ll get four points on travel booked through Brex Travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a complete 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 does not have annual fees and doesn’t have any other conditions other than an excellent credit score.
For a business that is just beginning benefiting from a business credit card with low interest could be very appealing. You may also think about a business credit card that offers additional protection.
A low-interest business credit card are very convenient because you’re not juggling the hassle of managing multiple credit cards or worrying about how much money you’ll be able to afford each month. This is especially relevant if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards available to start-up companies. It provides a wide range of advantages, including an excellent sign-up bonus purchase protection, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR promotions available, and the spending cap may be too low for your company. In addition, it’s not exactly the most generous point-earning system.
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On the other side it is worth noting that the Ink Business Preferred Card offers several other valuable features, including liability coverage and primary car rental coverage and a shopping protection. If you’re a small-sized business owner, you’ll definitely get these benefits.
The Ink Business Preferred Card is another great way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For instance, if you charge $500 on purchases to your credit card within the first three months, you’ll get the welcome bonus of 100,000 points.
The Divvy is a great option for business owners in the beginning seeking business cards. The card comes with a range of advantages and features. You can also keep track of your business expenses using this card.
Divvy can be used with any accounting software to allow users to monitor their financial expenses. You can create budgets, set the maximum limits and request money. It also lets you set an expense limit for your employees.
Divvy also has corporate cards. These cards analyze your business finances and allow you to decide what amount of money you can spend each month. In contrast to traditional business credit cards, Divvy doesn’t require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s crucial to know the rate of the company prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure the most competitive interest rates for business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash back. Certain cards provide rewards for travel and shopping while others can be used to help to build credit for your business.
Apart from the top business credit cards from Chase and other credit card issuers that are available to. You should also consider the method of use for the credit card. It is important to find an enterprise credit card that meets your needs.
Small business owners will find the Ink Business Preferred(r) Credit Card a great option. The card is a good option for earning rewards across a variety of categories and even will pay for employees’ mobile phone costs.
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