If you’re starting a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” Although there is a yes answer, it can be challenging and overwhelming to apply for an enterprise credit card. Here are a few things to be aware of when applying for an credit card.
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Brex 30
Brex offers a wide variety of financial services, such as corporate credit cards, spend management, and expense management software. Brex offers a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build credit histories. It doesn’t charge interest and don’t need to offer an individual guarantee. Instead the applicants are evaluated based on their financial model and spending habits.
Credit limits as high as 100 percent are available to applicants. The limit is by the amount of money 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 when you book travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and a spend management system. The card comes with a variety of benefits including a flat 1.5% cash back rate on all purchases. The card does not have annual fees and does not have any other qualifications other than a good credit rating.
For a startup 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 might be a viable option.
A business credit card with a low-interest rate are very convenient because you don’t have the worry of managing multiple cards or worrying about the amount of money you can afford each month. This is especially important if you’re trying to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for new companies. It comes with a range of benefits, like the highest sign-up bonus, purchase protection, as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any promotional APR promotions to be found and the spending cap could be too low for your business. Furthermore, it’s not the most generous points-earning feature.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features like liability insurance, primary coverage for car rentals shopping protection, and primary coverage for rental cars. If you’re a small company owner, you’ll certainly benefit from these perks.
The Ink Business Preferred Card is another great way to earn points. When you spend in specific categories, you can earn 3 points for every dollar you spend. For instance, if you charge $500 in purchases to your card in the first three months, you’ll be eligible for an offer of 100,000 points.
Divvy
Divvy is a good option for startup business owners seeking a business card. This type of credit card provides a range of benefits 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 quickly view the financial expenses. You can then create a budget, set limits on spending and request money. It also lets you set a spending limit for your employees.
Divvy also has corporate cards. These cards assess your company’s finances and determine the amount you’ll need to spend every month. Contrary to traditional business credit cards, Divvy does NOT require a personal guarantee.
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 make an application.
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Chase Ultimate Rewards
Business credit cards offer the opportunity to get the most favorable interest rates on business loans, and can also offer valuable rewards. For example one card, the Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash back. Some cards offer rewards for travel and shopping and some can be used to build your business’s credit.
There are a myriad of credit card issuers you could choose from, including Chase. But, you must consider the way you intend to make use of a particular credit card. It is important to find a business credit card that will meet your particular needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. This card is a great way to earn rewards on different categories of purchases, and it even covers cell phone bills.