If you’re thinking about starting your own business, the first important question to ask is “Can I get my business credit card?” The answer is a resounding yes however, the process of applying for the business credit card could be a bit overwhelming and confusing. Here are a few things you should know about the process of applying for the credit card.
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Brex offers a wide variety of financial services, including corporate credit cards and spend management as well as expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build credit histories. It doesn’t charge interest and don’t need to offer an individual guarantee. Instead, applicants are assessed by the company’s business model and spending habits.
Credit limits as high as 100 percent are permitted for applicants. 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 with the Brex Corporate credit card. For instance, you can earn four points on trips booked through Brex Travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as an expense management tool. The card comes with a host of benefits, including a flat 1.5 percent cash back rate on all purchases. There are no annual fees and the card doesn’t have any other requirements other than having a high credit score.
If you are a new business one of the advantages of using the low-interest business credit cards are a great deal. It is also possible to look into a credit card for business which offers additional security.
Business credit cards with low interest are very convenient because you don’t have the worry of managing multiple cards or worrying about how much you can manage each month. This is especially true if you’re looking to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards designed for start-up companies. It has many benefits, including a substantial initial bonus as well as purchase protection along with travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any promotional APR promos and the spending limit may not be appropriate for your business. It’s not the most efficient points-earning strategy.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features such as liability coverage as well as primary car rental coverage shopping protection, as well as primary coverage for rental cars. These perks are great for small business owners.
The Ink Business Preferred Card is another great method to earn points. When you spend money in certain categories, you can earn three points per dollar you spend. For example, if you make a purchase of $500 to your credit card within the first three months, you’ll receive the welcome bonus of 100,000 points.
If you’re a new business owner looking for an account for business credit you might want to look into Divvy. This type of card comes with numerous benefits and features. You can also track your business expenses with this card.
The Divvy app can be used with any accounting software to allow users to see their financial expenses. The software allows you to create a budget, limit spending and request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. These cards analyze your business finances and assist you to decide on how much you’ll need to invest each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
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 can be the opportunity to get the best rates of interest on business loans, and can also offer valuable rewards. For instance, a Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for shopping and travel, and others can be used to help improve your company’s credit score.
There are a variety of credit card issuers to pick from, including Chase. But, you must consider how you will make use of a particular credit card. It is important to select the best business credit card that suits your specific needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. This card provides solid rewards on different categories of purchases, and it even will pay for employees’ cell phone bills.