If you’re starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes however the process of obtaining an enterprise credit card can be overwhelming and confusing. Here are a few things to be aware of before obtaining credit card.
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Brex provides a variety of financial services, such as corporate credit cards as well as spend management and expense management software. Brex provides a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build their credit history. The cardholders don’t have to pay any interest and don’t need to provide a personal guarantee. Instead applicants are evaluated based on their company’s budget and business model.
Applicants can have up to a 100 percent credit limit. This limit is determined by the amount of money in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards with a Brex Corporate credit card. Brex Travel offers four points to book travel. Additionally, you can earn three points for dining.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spend management tool. The card comes with a host of benefits, including a flat 1.5 percent cash back rate on all purchases. The card has no annual fees and doesn’t have any other qualifications other than a good credit rating.
If you are a new business, the benefits of using a low-interest business credit card can be extremely appealing. You may also consider a business credit card with additional protection.
A low-interest business credit cards are extremely convenient since you’re not burdened with the stress of managing multiple cards or worrying about how much money you can afford each month. This is especially true if are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards that are designed for startups. It comes with a variety of benefits, including a high sign-up bonus along with purchase protection, and travel perks. It has some downsides.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any initial APR deals and the spend limit may not be appropriate for your company. It’s also not the most generous points-earning feature.
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On the other side it is worth noting that the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance as well as primary coverage for car rental and a shopping protection. These perks are great for small-scale business owners.
Additionally to that, the Ink Business Preferred Card is an excellent way to earn points. When you spend in certain categories, you can earn three points per dollar you spend. For instance, if add $500 worth of purchases to your card during the first three months, then you’ll be rewarded with a welcome bonus of 100,000 points.
If you’re a new business owner in search of an enterprise credit card you might want look into Divvy. This type of card offers many advantages and features. It also lets you keep track of your business expenses.
The Divvy app can be used with any external accounting software that allows users to look at their financial expenses. The software lets you create a budget, limit spending and even request money. Divvy also allows you to set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for companies. The cards analyze your company’s financial situation and decide on how much you’ll need to spend every month. As opposed to traditional business credit card, Divvy is not a requirement for a personal guarantee.
However, Divvy does not disclose any interest rates on its website. It is important to find out the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to secure highest rates of interest on business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards provide bonus points that can be converted to cash or cash back. Some cards offer rewards for travel and shopping and some can be used to help build your business’s credit.
There are a myriad of credit card issuers that you can select from, including Chase. However, you should consider the manner in which you use a particular credit card. It is important that you choose the appropriate corporate credit card for your requirements.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. The card gives you solid rewards on various purchase categories as well as will pay for employees’ cell phone bills.