For those who are starting the business of their own, one of the most important questions they’ll have to answer is “Can I get a business credit card?” Although the answer is yes it can be daunting and confusing to apply for an enterprise credit card. Here are a few things to be aware of before obtaining credit card.
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Brex provides a range of financial products, including corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit score. The applicants don’t have to pay interest or need to provide personal guarantees. Instead, applicants are evaluated by company business model and spending habits.
Credit limits up to 100 percent are allowed for applicants. This limit is determined by the amount customers have in their Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
You can earn rewarding rewards with the Brex Corporate credit card. For instance, you could earn four points on travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management solution. The card provides a range of advantages, including a fixed 1.5 percent cashback rate on all purchases. The card doesn’t have annual charges and doesn’t need any other requirements than an excellent credit score.
If you are a new business, the benefits of using a low-interest business credit card can be extremely appealing. You may also want to look into a credit card for business that provides additional security.
A low-interest business credit cards are extremely convenient since you don’t have to worry of managing multiple credit cards or worrying about how much money you’ll have to pay each month. This is especially important if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards designed for entrepreneurs. It comes with a variety of benefits, including a substantial initial bonus, purchase protection, as well as travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card may not be ideal. There are no introductory APR promotions to be found and the spending limit could be too low for your business. Moreover, it’s not the most generous points-earning feature.
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On the other hand, the Ink Business Preferred Card offers several other valuable features, such as liability insurance as well as primary coverage for car rental and a shopping insurance. These benefits are ideal for small-scale business owners.
Additionally to that, the Ink Business Preferred Card is a great way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this example, if you spend $500 on purchases to your card in the first three months, you will get a 100,000 point welcome bonus.
If you’re a start-up business owner in search of a business credit card you might want to think about Divvy. This type of card comes with various advantages and features. You can also monitor your business expenses with this card.
The Divvy app can be used with any accounting software to allow users to monitor their financial expenses. The program lets you create a budget, limit spending and request money. It also lets you set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards assess your business finances and allow you to decide on how much you’ll need to spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to be aware of the company’s rates before applying.
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Chase Ultimate Rewards
Business credit cards can be used to get the most competitive rates of interest on business loans. They also offer rewards. For instance the Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Certain cards provide rewards for shopping and travel, while others can be used to build your credit score.
In addition to the top business credit cards offered by Chase but there are many other credit card issuers you can turn to. However, you should think about the ways you will utilize a specific credit card. It is important to find a business credit card that is suitable for your needs.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. The card is a good option for earning rewards for various purchase categories and even covers employees’ mobile phone expenses.