For those that are starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes however the process of obtaining the business credit card could be overwhelming and confusing. Here are a few things you need to know about the process of getting a credit card.
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Brex 30
Brex provides a range of financial services like corporate credit cards, spend management and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups build their credit history. The applicants don’t pay interest or provide personal guarantees. Instead, applicants are evaluated on their budget and business model.
The applicants can enjoy up to 100 percent credit limit. The limit is determined by the amount customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards with a Brex Corporate credit card. Brex Travel offers four points when you book travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spend management tool. The card comes with a range of benefits, including a flat 1.5 percent cashback on all purchases. There are no annual fees and the card does not have other requirements except for a good credit score.
A business credit card with low interest is a great choice for businesses that are just starting out. It is also possible to look into a credit card for business that provides additional security.
One of the most important features of a low-interest business credit card is that you don’t have to fret about juggling several cards or worrying about the amount you can afford to pay each month. This is particularly applicable if you’re planning to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It comes with a range of benefits, like an excellent sign-up bonus 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 initial APR deals and the spend limit may not be appropriate for your business. It’s not the most efficient points-earning feature.
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On the other side however, the Ink Business Preferred Card offers several other valuable features, including liability coverage as well as primary coverage for car rental and a shopping protection. If you’re a small business owner, you’ll definitely get these benefits.
The Ink Business Preferred Card is another great way to earn points. When you spend money in certain categories, you’ll earn 3 points per dollar you spend. For instance, if charge $500 in purchases to your credit card within the first three months, then you’ll be rewarded with the welcome bonus of 100,000 points.
Divvy
If you’re a business owner in search of a business credit card, you may want to think about Divvy. This type of card comes with a range of benefits and features. You can also monitor your business expenses with this card.
Divvy can be used with any accounting software to allow users to look at their financial expenses. You can create budgets, set limits, and request money. It also lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards evaluate your business finances and assist you to determine how much you’ll need to invest every month. Unlike traditional business credit cards, Divvy does not require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the best interest rates on business loans. They can also offer useful rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash or cash back. Some cards offer rewards for shopping and traveling and some can be used to improve your company’s credit score.
Aside from the best business credit cards from Chase but there are many other credit card issuers that you can turn to. You should 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 needs.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. The card gives you solid rewards on different categories of purchases and also will pay for employees’ cell phone bills.