For those who are starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes but the process of obtaining a business credit card can be daunting and confusing. Here are a few things to know about how to get an credit card.
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Brex 30
Brex provides a range of financial services including corporate credit cards along with spend management and expense management software. Brex is a complete 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 or provide an individual guarantee. Instead applicants are evaluated on their company’s business model and their spending habits.
Credit limits up to 100 percent are permitted for applicants. This limit is determined by the amount of money a customer has in their Brex Cash account. Each day, the Brex Card draws from the account to determine its limit for spending.
With a Brex Corporate Credit Card you can earn significant rewards on purchases. For instance, you could get four points on travel booked through Brex Travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and spending management tool. The card provides a range of advantages, including a fixed 1.5 percent cashback rate on all purchases. There are no annual fees, and the card doesn’t have any other requirements except for having a high credit score.
For businesses that are just starting out benefiting from the low-interest business credit cards are a great deal. A business credit line with additional security might be a viable option.
A business credit card with a low-interest rate are very convenient because you’re not juggling the hassle of managing multiple credit cards or worrying about how much money you’ll be able to afford each month. This is especially applicable if you’re planning to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for startups. It offers many advantages, including a large sign up bonus, purchase protection, along with travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR promos and the spending limit may not be appropriate for your company. It’s also not the best points-earning strategy.
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The Ink Business Preferred Card, however, offers many other useful features like liability insurance and primary coverage for car rentals shopping protection, as well as primary coverage for rental cars. If you’re a small business owner, you’ll definitely benefit from these perks.
Moreover, the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories and earn 3 points for every dollar. For example, if you spend $500 on purchases on your card in the first three months, you’ll receive a 100,000-point welcome bonus.
Divide
The Divvy card is a great choice for startup business owners looking for a business card. This kind of card comes with many benefits and features. You can also keep track of your business expenses using this card.
Divvy is compatible with any accounting software that allows users to view their financial expenses. You can create budget, set limits, and request money. Additionally, Divvy lets you set an amount of money you can spend for your employees.
Divvy also has a corporate card. These cards analyze your business’ finances and help you decide what amount of money you’ll need to invest each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is crucial to know the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the best rates of interest for business loans. They also offer rewards. For example, a Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Certain cards provide rewards for shopping and traveling as well as others that can be used to build your credit score.
There are numerous credit card issuers you could choose from, including Chase. However, you must think about the way you intend to use a particular credit card. It is crucial to locate the best business credit card for your needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card an excellent option. The card is a good option for earning rewards across a variety of categories and even protects employees’ mobile phone costs.