If you’re thinking about starting your own business, the most important question is “Can I get my business credit card?” While the answer is yes but it can be challenging and overwhelming to apply for an enterprise credit card. Here are some things to be aware of before obtaining a credit card.
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Brex 30
Brex offers a variety of financial services , including corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups establish their credit histories. Applicants don’t pay interest and don’t have to provide personal guarantees. Instead, applicants are evaluated by the business model of the company and spending patterns.
Credit limits of up to 100 percent are available to applicants. The limit is determined by the amount of money customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card, you can earn valuable rewards on purchases. For instance, you’ll get four points on travel booked through Brex Travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spending management system. The card comes with a host of benefits, including a flat 1.5% cash back rate on all purchases. The card is free of annual fees and does not have any other qualifications other than having a high credit score.
A low-interest business credit line is a great choice for startups. It is also possible to consider a business credit card that offers additional protection.
A business credit card with a low-interest rate are extremely convenient since you’re not burdened with the stress of managing multiple credit cards or worrying about the amount of money you’ll be able to afford each month. This is particularly important if you’re trying to finance large expenditures.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards that are designed for startups. It offers a variety of benefits, like a high sign-up bonus, purchase protection, as well as travel perks. However, it has some disadvantages.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any promotional APR promotions to be found, and the spending cap could be too low for your business. It’s also not the best points-earning program.
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On the other side it is worth noting that the Ink Business Preferred Card offers numerous other useful features, such as liability insurance and primary car rental coverage and a shopping protection. As a small-scale business owner, you’ll definitely get these benefits.
Furthermore that, the Ink Business Preferred Card is a great way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this case for example, if you spend $500 on purchases made with your card in the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy
The Divvy is a great option for business owners in the beginning seeking an enterprise card. The card comes with a range of benefits and features. You can also track your business expenses with this card.
Divvy is compatible alongside any other accounting software to allow users to view their financial expenses. The software allows you to set a budget, limit spending and request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate card. These cards assess your company’s finances and determine how much you should spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the best interest rates on business loans. They can also offer useful rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted into cash back. Some cards offer rewards for shopping and traveling and some can be used to increase your business’s credit.
There are a variety of credit card issuers to choose from, including Chase. However, you should think about how you will make use of a particular credit card. It is vital to select the correct corporate credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card gives you solid rewards on different categories of purchases, and it even will pay for employees’ cell phone bills.