If you’re starting an enterprise, one of 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 a bit daunting and confusing to apply for a business credit card. Here are a few things to be aware of before obtaining the credit card you need.
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Brex offers a wide variety of financial services, such as corporate credit cards, spend management, and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also referred to 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 an individual guarantee. Instead applicants are evaluated based on their company’s budget and business model.
The applicants can enjoy up to a 100 percent credit limit. The limit is determined by the amount a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards by using the Brex Corporate credit card. For instance, you could earn four points on trips booked through Brex Travel. Additionally, you can earn three points on dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management tool. It offers a wide range of advantages, including a fixed 1.5 percent cashback on all purchases. The card is free of annual fees and does not have any other requirements than having a high credit score.
For a startup business one of the advantages of using a business credit card that is low-interest are a great deal. You may also consider a business credit card which offers additional security.
A low-interest business credit cards are very convenient because you don’t have the worry of managing multiple cards or worrying about how much money you’ll have to pay each month. This is particularly relevant if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards that are designed for startups. It offers many advantages, such as a huge initial bonus and purchase protection as well as travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any introductory APR promotions to be found and the spending limit may be too low for your business. This isn’t the most efficient points-earning feature.
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The Ink Business Preferred Card, on the other hand provides a range of useful features such as liability coverage and primary coverage for car rentals shopping protection, as well as primary coverage for car rental. These benefits are perfect for small-scale business owners.
Additionally to that, the Ink Business Preferred Card is an excellent way to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. For example, if you charge $500 on purchases to your credit card within the first three months, then you’ll be rewarded with an offer of 100,000 points.
The Divvy is a great option for business owners in the beginning seeking an business card. This type of credit card provides many benefits and features. It also allows you to track your business expenses.
Divvy is compatible with any accounting software that allows users to look at their financial expenses. The software allows you to make a budget, limit spending and even request money. Additionally, Divvy lets you set an expense limit for your employees.
Divvy also has a corporate card. The cards analyze your company’s finances and determine how much you can spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to be aware of the company’s rates before applying.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the highest interest rates for business loans. They are also able to provide useful rewards. For example the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Certain cards provide rewards for travel and shopping while others are able to help build your credit score.
There are a myriad of credit card issuers you could choose from, including Chase. But, you must consider the ways you will make use of a specific credit card. It is important to select the right business credit card that is suitable for your specific needs.
The Ink Business Preferred(r) Credit Card is a great option for a small business owner. This card offers solid rewards on various purchase categories, and it even protects employees’ mobile phone bills.