For those who are starting a business, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While there is a yes answer it can be daunting and confusing to apply for a business credit card. Here are some things to be aware of when applying for the credit card you need.
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Brex 30
Brex provides a variety of financial services, including corporate credit cards as well as spend management and expense management software. It offers a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them build their credit score. It doesn’t charge interest or have to provide an individual guarantee. Instead, applicants are rated by the company’s business model and spending patterns.
Credit limits as high as 100 percent are allowed for applicants. This limit is determined by the amount the 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 get four points on travel booked through Brex Travel. You can also earn three points on dining.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a budget management tool. The card offers a variety of benefits, including a flat 1.5 percent cashback rate on all purchases. There are no annual charges, and the card doesn’t require other requirements, aside from having a high credit score.
For a startup business it is possible to reap the benefits of a business credit card with low interest are a great deal. A business credit card with additional protection may be a viable option.
One of the key advantages of a low interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll be able to pay off 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 top business credit cards designed for start-up businesses. It offers a range of benefits, like an excellent sign-up bonus purchase security, and travel perks. However, it also has several drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any promotional APR promotions available, and the spending cap could be too low for your business. It’s also not the most generous points-earning feature.
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On the other side however, the Ink Business Preferred Card offers several other valuable features, such as liability insurance as well as primary coverage for car rental and a shopping insurance. These perks are great for small business owners.
Furthermore, the Ink Business Preferred Card is a great way to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. In this case for example, if you spend $500 on purchases with your card in the first three months, you will receive a 100,000 point welcome bonus.
Divide
Divvy is an excellent choice for business owners who are just starting out looking for a business card. This type of card offers numerous advantages and features. It also lets you keep track of your business expenses.
Divvy can be used with any external accounting software to allow users to monitor their financial expenses. The software lets you make a budget, limit spending and even request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also has corporate cards. These cards look at your company’s financial situation and decide on how much you’ll have to spend every month. As opposed to traditional business credit card, Divvy does not require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is important to know the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most competitive interest rates for business loans, and also provide valuable rewards. For instance a Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Certain cards provide rewards for shopping and travel as well as other cards that can be used to increase your business’s credit.
There are numerous credit card issuers you could pick from, including Chase. You should also think about what you intend to do with the credit card. It is essential to locate the right business credit card that is suitable for your specific requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card gives you solid rewards on various purchase categories and also covers cell phone bills.