If you’re thinking of creating your own business, the most important question to ask is “Can I get my business credit card?” Although there is a yes answer it can be a bit difficult and confusing to apply for a business credit card. Here are a few things you need to know about the process of obtaining a credit card.
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Brex provides a variety of financial services, such as corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, or Brex for Startups, is an account that helps startups build their credit history. The applicants don’t have to pay interest or need to provide an individual guarantee. Instead, applicants are evaluated based on their company’s financial model and spending habits.
Credit limits as high as 100 percent are allowed for applicants. This limit is determined by the amount of money customers have in their Brex Cash account. Each day, the Brex Card draws from the account to determine the limit of its spending.
You can earn rewarding rewards when you use the Brex Corporate credit card. Brex Travel offers four points for booking travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spend management solution. The card offers a slew of benefits including a standard 1.5% cash back rate on all purchases. There are no annual fees, and the card doesn’t require other requirements other than an excellent credit score.
For businesses that are just starting out benefiting from the low-interest business credit cards can be extremely appealing. It is also possible to consider a business credit card with additional protection.
Business credit cards with low interest are very convenient because you’re not burdened with the stress of managing multiple credit cards or worrying about the amount of you can manage each month. This is especially applicable if you’re planning to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards for startups. It has many advantages, including a large reward for signing up along with purchase protection, along with travel perks. However, it also has some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any promotional APR promotions to be found, and the spending limit may be too low for your business. It’s also not the most effective point-earning option.
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On the other side the Ink Business Preferred Card offers numerous other useful features, including liability coverage in addition to primary car rental insurance and a shopping insurance. These perks are great for small business owners.
The Ink Business Preferred Card is another great way to earn points. When you spend in certain categories, you’ll earn three points per dollar you spend. For instance, if you charge $500 in purchases to your credit card within the first three months, then you’ll be rewarded with an initial bonus of 100,000 points.
The Divvy card is a great choice for business owners who are just starting out seeking business cards. This type of credit card provides numerous advantages and features. It also allows you to track your business expenses.
Divvy can be integrated with any external accounting software to allow users to view their financial expenses. The program lets you create a budget, restrict spending, and request funds. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also offers corporate cards. These cards analyze your business finances and allow you to decide what amount of money you’ll need to spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the best rates of interest on business loans and provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash or cash back. Certain cards provide rewards for travel and shopping, and others can be used to help to build credit for your business.
Apart from the top business credit cards offered by Chase but there are many other credit card issuers that you can choose from. However, you should think about the way you intend to use a particular credit card. It is important that you select the correct business credit card that meets your requirements.
The Ink Business Preferred(r) Credit Card is a good option for a small business owner. This card offers solid rewards for a variety of purchase categories and even covers mobile phone expenses.