If you’re thinking of creating your own business, the first important question to ask is “Can I get my business credit card?” Although the answer is yes it can be a bit challenging and overwhelming to apply for an enterprise credit card. Here are some tips to be aware of before obtaining a credit card.
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Brex 30
Brex provides a broad range of financial services, including corporate credit cards spending management, as well as 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 and don’t have to provide personal guarantees. Instead applicants are evaluated on their company’s budget and business model.
Users can get a 100 percent credit limit. This limit is determined by the amount a customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine the limit of its spending.
You can earn valuable rewards by using a Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also earn three points for dining.
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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 provides a range of benefits, including a simple 1.5 percent cashback on all purchases. There are no annual fees, and the card doesn’t have any other requirements other than a good credit score.
If you are a new business one of the advantages of using a business credit card that is low-interest can be extremely appealing. A business credit line with additional security could be an option.
A business credit card with a low-interest rate are extremely convenient since you don’t have to worry of managing multiple cards or worrying about how much money you can afford each month. This is especially true if are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for new companies. It comes with a variety of benefits, including a high reward for signing up as well as purchase protection as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promotions to be found, and the spending cap could be too low for your business. It’s also not the best points-earning feature.
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On the other side however, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance in addition to primary car rental insurance as well as a shopping security. As a small business owner, you’ll definitely get these benefits.
Moreover, the Ink Business Preferred Card is a great way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this instance when you spend $500 on purchases on your card in the first three months, you’ll receive a 100,000 point welcome bonus.
Divide
If you’re a business owner looking for a business credit card You might want to look into Divvy. The card comes with a range of advantages and features. You can also keep track of your business expenses by using this card.
Divvy is compatible with external accounting software, allowing users to quickly view the financial expenses. You can create budget, set maximum limits and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also has a corporate card. These cards review your company’ finances and help you decide what amount of money you should spend every month. Unlike traditional business credit cards, Divvy does NOT require an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards are the opportunity to get the highest interest rates for business loans. They can also provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted into cash or cash back. Some cards offer rewards for purchases and travel and others can be used to improve your credit score.
In addition to the top business credit cards from Chase, there are other credit card issuers that you can choose from. You must also think about the way you intend to use the credit card. It is important to select an enterprise credit card that will meet your specific needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card an excellent option. This card provides solid rewards on different categories of purchases, and it even covers employees’ cell phone bills.