For those who are 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 yes however, the process of getting an enterprise credit card can be a bit overwhelming and confusing. Here are a few tips to be aware of the process of applying for an credit card.
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Brex provides a variety of financial services, such as corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is a credit card that helps startups establish credit histories. It doesn’t charge interest or offer a personal guarantee. Instead, applicants are assessed by company business model and spending patterns.
Applicants can have up to 100 percent credit limit. The limit is by the amount of money that is in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card You can earn rewards on purchases. Brex Travel offers four points to book travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spending management tool. The card comes with a variety of benefits including a standard 1.5% cash back rate on all purchases. The card is free of annual fees and does not have any other conditions other than having a credit score of at least.
For businesses that are just starting out it is possible to reap the benefits of a business credit card with low interest are a great deal. A business credit card that comes with additional protection may be a viable option.
A low-interest business credit card are extremely convenient since you’re not burdened with the stress of managing multiple cards or worrying about how much money you can afford each month. This is especially applicable if you’re planning to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards available to start-up companies. It has many advantages, such as a huge sign-up bonus, purchase protection, as well as travel benefits. However, it has some 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 limit could be too low for your business. It’s also not the most generous points-earning option.
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On the other side it is worth noting that the Ink Business Preferred Card offers many other beneficial features, such as liability insurance, primary car rental coverage and a shopping protection. These benefits are perfect for small business owners.
The Ink Business Preferred Card is another great way to earn points. If you make purchases in certain categories, you can earn three points per dollar you spend. In this instance the case of spending $500 on purchases made with your card in the first three months, you’ll receive a 100,000-point welcome bonus.
Divvy is an excellent choice for business owners in the beginning looking for an enterprise card. This type of card comes with many benefits and features. It also allows you to monitor your business expenses.
Divvy can be used alongside any other accounting software that allows users to monitor their financial expenses. The program allows you to set a budget, limit spending and even request money. It also lets you set the spending limit for your employees.
Divvy also has a corporate card. These cards assess your business finances and allow you to decide what amount of money you’ll need to spend each 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 important to find out the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards are a way to secure the highest interest rates for business loans, and they can also provide valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted into cash back. Some cards offer rewards for shopping and travel while others can be used to improve your company’s credit score.
There are a myriad of credit card issuers you could pick from, including Chase. You should also consider the way you intend to use the credit card. It is essential to locate the right business credit card that suits your needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. The card is a good option for earning rewards across a variety of categories and even protects employees’ mobile phone expenses.