For those that are 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 however the process of applying for the business credit card could be a bit overwhelming and confusing. Here are some things to be aware of before obtaining an credit card.
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Brex provides a range of financial services including corporate credit cards, spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, or Brex for Startups, is a credit card that can help entrepreneurs build credit histories. The cardholders don’t have to pay any interest or provide an individual guarantee. Instead, applicants are evaluated on their company’s budget and business model.
Credit limits up to 100 percent are allowed for applicants. This limit is based on the amount of money in the customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. Brex Travel offers four points when you book travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can also be used as a spending management tool. The card comes with a variety 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 except for an excellent credit score.
For businesses that are just starting out, the benefits of using the low-interest business credit cards could be very appealing. A business credit card that comes with additional security could be a good option.
One of the primary features 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 have to pay every month. This is especially relevant if you’re trying 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 comes with a range of benefits, like a high sign-up bonus, purchase protection, as well as travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any promotional APR promotions and the spending limit may not be appropriate for your company. It’s also not the most generous points-earning feature.
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The Ink Business Preferred Card, however it comes with a variety of other beneficial features such as liability coverage, primary coverage for car rentals, shopping protection, and primary coverage for rental cars. These perks are perfect for small-scale business owners.
Additionally that, the Ink Business Preferred Card is an excellent opportunity to earn points. When you spend in specific categories, you can earn three points for every dollar you spend. In this case, if you spend $500 on purchases made with your card within the first three months, you’ll be awarded a 100,000 points welcome bonus.
If you’re a start-up business owner in search of a credit card for business you might want look into Divvy. This card has a variety of advantages and features. It also allows you to track your business expenses.
Divvy works with external accounting software, allowing users to view their financial expenses. You can create budget, set limits, and request funds. Additionally, Divvy lets you set an expense limit for your employees.
Divvy also offers corporate cards. These cards review your company finances and allow you to decide how much money you’ll need to spend each month. Contrary to traditional business credit cards, Divvy does NOT require a personal guarantee.
However, Divvy does not disclose any interest rates on its website. It is important to find out the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the most competitive rates of interest for business loans. They also offer rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash or cash back. Certain cards provide rewards for travel and shopping, while others are able to help build your credit score.
Apart from the top business credit cards offered by Chase, there are other credit card issuers that you can choose from. You should also think about the way you intend to use the credit card. It is vital to find the right business credit card that meets your requirements.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card offers solid rewards across a variety of categories and even protects employees’ mobile phone costs.