If you’re thinking about starting an enterprise, the most important question to ask is “Can I get my business credit card?” The answer is yes but the process of applying for a business credit card can be a bit overwhelming and confusing. Here are a few things you need to know about the process of obtaining a credit card.
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Brex 30
Brex provides a range of financial services like corporate credit cards along with spend management and expense management software. It offers a complete financial solution for startups.
The Brex Card, or Brex for Startups, is a credit card that can help startups establish credit histories. It doesn’t charge interest or require a personal guarantee. Instead applicants are evaluated on their business model and spending habits.
Credit limits up to 100 percent are permissible for applicants. This limit is determined by the amount customers have in their Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card You can earn rewards on purchases. 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 an all-in-one small business credit card as well as a spending management solution. The card offers a variety of benefits, including a flat 1.5 percent cashback on all purchases. There are no annual charges, and the card does not have other requirements other than having a high credit score.
A business credit card with low interest is a great option for startups. You may also think about a business credit card that provides additional security.
A low-interest business credit cards are extremely convenient since you’re not juggling the hassle of managing multiple cards or worrying about the amount of money you’ll be able to afford each month. This is especially true if are looking to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It provides many advantages, including a large reward for signing up along with purchase protection, as well as travel perks. It has some downsides.
The Ink Business Preferred Card may not be the perfect choice for your business. There are no introductory APR promotions and the spending limit may not be appropriate for your business. It’s not the most efficient point-earning option.
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The Ink Business Preferred Card, however it offers a number of additional useful features, such as liability coverage as well as primary coverage for car rentals, shopping protection, and primary coverage for car rental. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For instance, if add $500 worth of purchases to your credit card during the first three months, you’ll be eligible for an initial bonus of 100,000 points.
Divvy
The Divvy is a great option for business owners in the beginning looking for an enterprise card. This card offers a variety of benefits and features. It also allows you to keep track of your business expenses.
Divvy can be used with accounting software and enables users to view their the financial expenses. The software lets you set a budget, limit spending and request money. You can also set a spending limit for your employees.
Divvy also offers corporate cards. These cards evaluate your business’ finances and help you determine how much you can spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is important to know 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 the most competitive interest rates for business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted to cash or cash back. Certain cards provide rewards for purchases and travel and others can be used to build your credit score.
There are many credit card issuers to choose from, such as Chase. You should also consider the way you intend to use the credit card. It is essential to find the right corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good choice for a small business owner. This card offers solid rewards for various purchase categories and even covers mobile phone expenses.