If you’re thinking of starting your own business, the first important question is “Can I get my business credit card?” The answer is a resounding yes however the process of applying for an enterprise credit card can be overwhelming and confusing. Here are some tips to be aware of when applying for credit card.
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Brex 30
Brex provides a broad range of financial services, such as corporate credit cards and spend management as well as expense management software. It offers a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups, is an account that helps startups establish credit histories. Applicants don’t pay interest and don’t need to offer an individual guarantee. Instead, applicants are assessed by company business model and spending patterns.
Credit limits of up 100 percent are available to applicants. This limit is by the amount of money that is in the customer’s 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 can earn four points on trips booked through Brex 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 be used as a spending management tool. The card comes with a variety of benefits including a standard 1.5% cash back rate on all purchases. The card doesn’t have annual fees and does not have any other requirements than having a credit score of at least.
A low-interest business credit line is a great option for new businesses. You might also consider a business credit card with additional protection.
A low-interest business credit cards are very convenient because you don’t have the worry of managing multiple cards or worrying about how much money you’ll have to pay each month. This is particularly true if you are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for new businesses. It provides many advantages, such as a huge sign-up bonus along with purchase protection, as well as travel benefits. However, it also has a few drawbacks.
The Ink Business Preferred Card isn’t perfect, however. There aren’t any introductory APR promos and the spending limit might not be suitable for your company. This isn’t the most efficient points-earning strategy.
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The Ink Business Preferred Card, however it offers a number of additional useful features, including liability coverage primary car rental coverage, shopping protection, and primary coverage for car rentals. As a small business owner, you’ll definitely benefit from these perks.
The Ink Business Preferred Card is another great method to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. For instance, if you charge $500 on purchases to your credit card within the first three months, you’ll receive an initial bonus of 100,000 points.
Divide
If you’re a new business owner looking for a credit card for business you might want to consider Divvy. This kind of card comes with various advantages and features. It also lets you monitor your business expenses.
Divvy is compatible with any accounting software that allows users to see their financial expenses. You can then create budget, set limits on spending and request money. You can also set an amount of money you can spend for your employees.
Divvy also has corporate cards. These cards assess your business finances and assist you to decide on how much you can 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 is important to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be an opportunity to secure the most favorable interest rates on business loans, and can also offer valuable 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 shopping and traveling as well as others that are able to help build your credit score.
There are numerous credit card issuers you could choose from, such as Chase. However, you should think about the way you intend to make use of a particular credit card. It is vital to choose the appropriate corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. This card offers solid rewards on different categories of purchases as well as protects employees’ mobile phone bills.