If you’re starting a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is a resounding yes, but the process of getting an enterprise credit card can be overwhelming and confusing. Here are some things you need to be aware of before obtaining credit card.
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Brex offers a wide variety of financial services, such as corporate credit cards and spend management as well as 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. Applicants don’t pay interest or provide a personal guarantee. Instead, applicants are rated by the business model of the company and spending patterns.
Credit limits up to 100 percent are available to applicants. This limit is determined by the amount of money in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card You can earn rewards on purchases. For instance, you’ll get four points on travel booked through Brex Travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spending management tool. The card comes with a range of benefits, including a simple 1.5% cashback rate on all purchases. There are no annual fees and the card doesn’t have other requirements except for having a high credit score.
A business credit card with low interest is a great option for startups. You might also look into a business credit card with additional protection.
One of the most important advantages of a low-interest business credit card is that you don’t need to fret about juggling several cards or worrying about the amount you can afford to pay each month. This is especially relevant if you’re trying to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards for new businesses. It comes with a range of advantages, including an impressive sign-up bonus, purchase protection, as well as travel perks. However, it has some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any promotional APR offers and the spending limit may not be appropriate for your business. In addition, it’s not exactly the most generous points-earning program.
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On the other side however, the Ink Business Preferred Card offers several other valuable features, including liability coverage in addition to primary car rental insurance and a shopping insurance. These benefits are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories and earn three points per dollar. For instance, if you charge $500 on purchases to your card during the first three months, you’ll receive an initial bonus of 100,000 points.
Divvy is a good option for business owners in the beginning seeking a business card. The card comes with a range of benefits and features. You can also keep track of your business expenses using this card.
Divvy can be integrated alongside any other accounting software to allow users to monitor their financial expenses. You can create budgets, set the limits, and request money. Additionally, Divvy permits you to set a spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards look at your company’s finances and decide how much you should 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. It is essential to know the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest rates of interest for business loans and offer valuable rewards. For instance, a Chase Ultimate Rewards business credit card can earn bonus points that could be converted to cash back. Certain cards provide rewards for shopping and traveling as well as other cards that can be used to help increase your business’s credit.
Apart from the top business credit cards from Chase and other credit card issuers you can choose from. However, you should think about the manner in which you make use of a particular credit card. It is important that you select the correct business credit card for your 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 protects employees’ mobile phone bills.