If you’re starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes, but the process of getting an official business credit card can be a bit overwhelming and confusing. Here are some tips to be aware of when applying for the credit card you need.
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Brex 30
Brex provides a range of financial services including corporate credit cards along with spend management and expense management software. It offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is a credit card that can help entrepreneurs build credit histories. It doesn’t charge interest or have to provide a personal guarantee. Instead, applicants are rated by the company’s business model and spending habits.
Credit limits up to 100 percent are allowed for applicants. The limit is determined by the amount of money customers have in their Brex Cash account. Each day the Brex Card draws from the account to determine its limit for spending.
With the Brex Corporate Credit Card You can earn rewards on purchases. Brex Travel offers four points to book travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spend management tool. It offers a wide range of benefits, including a flat 1.5% cashback rate on all purchases. The card is free of annual charges and doesn’t need any other requirements other than an excellent credit score.
If you are a new business it is possible to reap the benefits of a low-interest business credit card could be very appealing. A business credit card that comes with additional security could be a good option.
One of the main 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’ll have to pay every month. This is especially applicable if you’re planning to finance major expenditures.
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 comes with a variety of benefits, including a high reward for signing up, purchase protection, as well as travel benefits. It does have some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR deals and the spend limit may not be appropriate for your company. Furthermore, it’s not the most generous points-earning feature.
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The Ink Business Preferred Card, however provides a range of useful features such as liability coverage as well as primary car rental coverage shopping protection, and primary coverage for car rentals. As a small business owner, you’ll definitely enjoy these benefits.
Additionally to that, the Ink Business Preferred Card is an excellent method to earn points. When you spend in specific categories, you’ll earn three points for every dollar you spend. In this example, if you spend $500 on purchases to your card within the first three months, you will be awarded a 100,000 points welcome bonus.
Divvy
If you’re a business owner in search of an enterprise credit card you might want to think about Divvy. The card comes with a range of benefits and features. It also lets you keep track of your business expenses.
Divvy can be used with any accounting software that allows users to see their financial expenses. The software lets you create a budget, limit spending, and request funds. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards review your company finances and assist you to decide how much money you should spend every month. Divvy doesn’t 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 of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable rates of interest for business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash back. Certain cards provide rewards for shopping and travel, and others can be used to help build your business’s credit.
There are a myriad of credit card issuers you can select from, including Chase. However, you should think about the way you intend to use a particular credit card. It is essential to choose the appropriate business credit card that meets your needs.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card an excellent choice. The card provides solid rewards across a variety of categories and even covers employees’ mobile phone expenses.