If you’re thinking about creating a business, the most important thing to consider is “Can I get my business credit card?” The answer is yes, but the process of obtaining a business credit card can be overwhelming and confusing. Here are a few things you need to know about the process of applying for credit card.
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Brex offers a variety of financial services like corporate credit cards along with 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 that can help startups build their credit history. The applicants don’t have to pay interest or offer personal guarantees. Instead, applicants are evaluated based on their company’s business model and spending habits.
The applicants can enjoy up to 100 percent credit. The limit is determined by the amount of money the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards using the Brex Corporate credit card. For example, you can earn four points when you travel booked through Brex Travel. You can also receive three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management system. The card comes with a host of benefits, including a fixed 1.5% cash back rate on all purchases. The card has no annual fees and doesn’t require any other qualifications other than a good credit rating.
A low-interest business credit card is a great option for businesses that are just starting out. It is also possible to look into a business credit card with additional protection.
A low-interest business credit cards are extremely convenient since you don’t have the worry of managing multiple credit cards or worrying about the amount of you can manage each month. This is especially true if are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards designed for entrepreneurs. It has many benefits, including a substantial reward for signing up and purchase protection along with travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any introductory APR promotions to be found and the spending cap may be too low for your company. In addition, it’s not exactly the most generous points-earning program.
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On the other hand however, the Ink Business Preferred Card offers numerous other useful features, including liability coverage and primary car rental coverage, and a shopping protection. As a small-scale business owner, you’ll definitely enjoy these benefits.
Furthermore, the Ink Business Preferred Card is a great method to earn points. When you spend money in certain categories, you can earn three points per dollar you spend. For instance, if you charge $500 on purchases to your card during the first three months, you’ll get an initial bonus of 100,000 points.
If you’re a startup business owner looking for an enterprise credit card you might want to look into Divvy. This kind of card comes with numerous benefits and features. You can also track your business expenses with this card.
Divvy is compatible with any accounting software to allow users to see their financial expenses. The software lets you create a budget, limit spending, and request funds. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards assess your company’s finances and determine the amount you’ll have to spend each month. Contrary to traditional business credit cards, Divvy doesn’t require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure most favorable rates of interest on business loans and provide valuable 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.
There are many credit card issuers you could pick from, including Chase. However, you must think about the ways you will make use of a specific credit card. It is important to find an enterprise credit card that suits your specific needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card offers solid rewards on various purchase categories as well as covers employees’ cell phone bills.