If you’re starting a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes however, the process of getting a business credit card can be a bit overwhelming and confusing. Here are some points you should be aware of about the process of obtaining an credit card.
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Brex provides a 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 for start-ups that helps them build their credit score. Applicants don’t pay interest and don’t have to offer an individual guarantee. Instead, applicants are assessed by the business model of the company and spending patterns.
Credit limits as high as 100 percent are permissible for applicants. This limit is determined based on the amount of cash in the customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. For instance, you can earn four points when you travel booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spending management solution. The card offers a variety of benefits, including a standard 1.5 percent cashback rate on all purchases. There are no annual fees and the card does not have other requirements other than a good credit score.
For a startup business one of the advantages of using a low-interest business credit card can be extremely appealing. You may also want to consider a business credit card with additional protection.
A low-interest business credit cards are very convenient because you don’t have the worry of managing multiple cards or worrying about the amount of money you can afford each month. This is particularly important if you’re trying to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for startup companies. It offers a variety of advantages, including an excellent sign-up bonus purchase security, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There are no introductory APR deals and the spend limit may not be appropriate for your company. Moreover, it’s not the most generous points-earning program.
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On the other hand the Ink Business Preferred Card offers numerous other useful features, such as liability insurance in addition to primary car rental insurance and a shopping protection. As a small company owner, you’ll certainly benefit from these perks.
The Ink Business Preferred Card is another excellent way to earn points. When you spend in certain categories, you’ll earn three points for every dollar you spend. For example, if you make a purchase of $500 to your credit card during the first three months, then you’ll be rewarded with an offer of 100,000 points.
Divvy is an excellent choice for entrepreneurs who are starting their business and looking for an business card. This type of card offers numerous benefits and features. It also lets you track your business expenses.
Divvy works with external accounting software, and allows users to quickly view the 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 offers a corporate card. These cards assess your business financial situation and help you determine how much you’ll need to invest every 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 essential to know the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards provide the chance to secure best interest rates on business loans. They can also offer useful rewards. For example, a Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash back. Some cards offer rewards for travel and shopping and others can be used to boost your credit score.
There are numerous credit card issuers you can select from, including Chase. You should also think about the method of use for the credit card. It is essential to locate an enterprise credit card that is suitable for your specific needs.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. This card offers solid rewards for various purchase categories and even will pay for employees’ mobile phone costs.