For those who are starting a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes however the process of applying for an enterprise credit card can be daunting and confusing. Here are some tips to learn about getting an credit card.
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Brex offers a variety of financial services including corporate credit cards as well as spend management and expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups establish their credit histories. The applicants don’t have to pay interest or provide a personal guarantee. Instead applicants are evaluated on their company’s business model and their spending habits.
Credit limits up to 100 percent are permitted for applicants. This limit is determined by the amount that a customer has in their Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card You can earn rewards on purchases. Brex Travel offers four points for booking travel. You can also earn three points on dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and a spend management system. The card provides a range of benefits, including a simple 1.5% cashback rate on all purchases. There are no annual fees and the card does not have other requirements aside from having a high credit score.
For a startup business benefiting from the low-interest business credit cards are a great deal. It is also possible to look into a business credit card with additional protection.
Business credit cards with low interest are very convenient because you’re not juggling the hassle of managing multiple credit cards or worrying about how much money you can afford each month. This is particularly true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards designed for entrepreneurs. It comes with a range of benefits, like an impressive sign-up bonus, purchase protection, and travel perks. It has some downsides.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR promotions and the spending limit might not be suitable for your company. It’s also not the most generous points-earning option.
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On the other hand, the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance, primary car rental coverage as well as a shopping security. As a small business owner, you’ll definitely get these benefits.
Additionally to that, the Ink Business Preferred Card is a great method to earn points. When you spend in certain categories, you’ll earn 3 points per dollar you spend. For example when you spend $500 on purchases on your card in the first three months, you will get a 100,000 point welcome bonus.
If you’re a start-up business owner looking for an enterprise credit card You might want to think about Divvy. This kind of 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 and enables users to easily monitor the financial expenses. You can create a budget, set limits, and request funds. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards evaluate your business finances and assist you to decide on how much you’ll need to invest each month. Contrary to traditional business credit cards, Divvy doesn’t require a personal guarantee.
However, Divvy does not disclose any 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 can be used to obtain the best interest rates for business loans, and also provide valuable rewards. For instance a Chase Ultimate Rewards business credit card provides bonus points which could be converted to cash back. Certain cards provide rewards for shopping and travelling and some can be used to help improve your company’s credit score.
There are numerous credit card issuers to select from, including Chase. You must also think about how you will use the credit card. It is important to find the right business credit card that is suitable for your specific needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card offers solid rewards for various categories of purchases and also protects employees’ mobile phone bills.