If you are thinking of starting your own business, the first important question is “Can I get my business credit card?” The answer is a resounding yes however the process of obtaining a business credit card can be overwhelming and confusing. Here are some tips to learn about getting an credit card.
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Brex 30
Brex offers a wide variety of financial services, including corporate credit cards and spend management as well as expense management software. It offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups, is a credit card that helps startups establish credit histories. The applicants don’t have to pay interest and don’t have to offer an individual guarantee. Rather, applicants are evaluated on the basis of their business model and spending patterns.
Credit limits as high as 100 percent are permitted for applicants. The limit is by the amount of cash in a customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. For instance, you could earn four points when you travel booked through Brex Travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and spending management system. The card provides a range of advantages, including a fixed 1.5% cashback rate on all purchases. The card doesn’t have annual fees and doesn’t have any other requirements other than having a high credit score.
A low-interest business credit line is a great choice for startups. A business credit line with additional security could be a viable option.
One of the main features of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you can afford to pay each month. This is especially true if you are planning to finance significant expenses.
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 offers a variety of benefits, such as an excellent sign-up bonus purchase protection, as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any promotional APR promotions to be found, and the spending limit may be too low for your company. This isn’t the most efficient points-earning program.
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On the other side, the Ink Business Preferred Card offers many other beneficial features, including liability coverage and primary car rental coverage and a shopping insurance. As a small-scale business owner, you’ll definitely get these benefits.
The Ink Business Preferred Card is another great method to earn points. When you spend in certain categories, you’ll earn 3 points per dollar you spend. For instance, if you make a purchase of $500 to your credit card within the first three months, then you’ll be rewarded with the welcome bonus of 100,000 points.
Divide
Divvy is an excellent choice for business owners who are just starting out seeking business cards. This card comes with a wide range of advantages and features. It also allows you to monitor your business expenses.
Divvy can be used with any external accounting software that allows users to monitor their financial expenses. The software allows you to create a budget, limit spending and even request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers corporate cards. These cards evaluate your business financial situation and help you decide how much money you’ll need to invest every month. In contrast to traditional business credit cards, Divvy doesn’t require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to learn about the rates offered by the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards offer the opportunity to get the best rates of interest on business loans, and they can also offer valuable rewards. For instance the Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash. Certain cards provide rewards for shopping and travel and others can be used to build your credit score.
In addition to the top business credit cards offered by Chase, there are other credit card issuers that you can use. You should also think about what you intend to do with the credit card. It is vital to locate the best business credit card for your requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a great option. The card is a good option for earning rewards for various categories of purchases and even will pay for employees’ mobile phone expenses.