If you’re thinking of creating a business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is yes, but the process of getting the business credit card could be a bit overwhelming and confusing. Here are some points you should be aware of about the process of applying for credit card.
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Brex offers a wide range of financial services, such as corporate credit cards and spend management as well as expense management software. It offers a complete financial solution for new businesses.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups establish their credit histories. It doesn’t charge interest or need to provide an individual guarantee. Instead the applicants are evaluated based on their business model and spending habits.
Applicants can have up to 100 percent credit limit. The limit is determined based on the amount of money that is in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards by using a Brex Corporate credit card. For instance, you’ll earn four points on trips booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management tool. The card comes with a range of benefits, including a simple 1.5 percent cashback rate on all purchases. The card has no annual fees and does not have any other requirements other than an excellent credit score.
For a startup business it is possible to reap the benefits of the low-interest business credit cards can be extremely appealing. A business credit card that offers added security may be a possibility.
A low-interest business credit card are very convenient because you don’t have the worry of managing multiple credit cards or worrying about the amount of money you’ll have to pay each month. This is particularly true if you’re looking to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards designed for entrepreneurs. It has many advantages, including a large sign-up bonus, purchase protection, as well as travel perks. 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 and the spending limit may not be appropriate for your company. It’s not the most efficient points-earning feature.
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On the other side, the Ink Business Preferred Card offers many other beneficial features, including liability coverage, primary car rental coverage and a shopping insurance. If you’re a small-sized business owner, you’ll surely benefit from these perks.
The Ink Business Preferred Card is another great way to earn points. Spend in certain categories and earn three points per dollar. For example when you spend $500 on purchases made with your card in the first three months, you will receive a 100,000 point welcome bonus.
Divvy is a good option for business owners in the beginning looking for an enterprise card. This type of card comes with many benefits and features. You can also keep track of your business expenses by using this card.
Divvy integrates with other accounting software that allows users to quickly view the financial expenses. The program allows you to create a budget, limit spending and even request money. You can also set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards evaluate your business’ finances and help you decide how much money you’ll need to invest each month. Contrary to 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 find out the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards are an opportunity to secure the most favorable interest rates on business loans. They can also offer valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash back. Some cards offer rewards for travel and shopping and others can be used to boost your credit score.
There are many credit card issuers to choose from, including Chase. However, you should consider the way you intend to make use of a specific credit card. It is essential to locate the right business credit card that is suitable for your specific requirements.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card an excellent option. The card gives you solid rewards on a variety of purchase categories as well as will pay for employees’ cell phone bills.