If you’re thinking about creating a business, the most important thing to consider is “Can I get my business credit card?” While there is a yes answer, it can be confusing and overwhelming to apply for a business credit card. Here are some things you need to be aware of when applying for credit card.
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Brex 30
Brex offers a wide range 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 known as Brex for Startups is a credit card that assists start-ups 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 assessed by the company’s business model and spending patterns.
Credit limits up to 100 percent are available to applicants. The limit is determined by the amount the customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card, you can earn valuable rewards on purchases. Brex Travel offers four points when you book travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and spending management tool. It comes with a myriad of benefits including a standard 1.5 percent cash-back rate on all purchases. The card has no annual fees and doesn’t require any other requirements than having a high credit score.
A low-interest business credit line is a great option for startups. You may also look into a business credit card that provides additional security.
A business credit card with a low-interest rate are extremely convenient since you don’t have the worry of managing multiple credit cards or worrying about how much money you’ll have to pay each month. This is especially true if you 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 new businesses. It offers a range of benefits, including the highest sign-up bonus, purchase protection, as well as travel perks. It has some downsides.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR promotions and the spending limit might not be suitable for your company. Furthermore, it’s not the most generous points-earning option.
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On the other hand the Ink Business Preferred Card offers many other beneficial features, including liability coverage in addition to primary car rental insurance and a shopping protection. These perks are perfect for small business owners.
Furthermore, the Ink Business Preferred Card is an excellent opportunity to earn points. When you spend money in certain categories, you’ll earn three points per dollar you spend. For example when you spend $500 on purchases made with your card in the first three months, you will receive a 100,000 point welcome bonus.
Divide
If you’re a new business owner looking for a business credit card, you may want to look into Divvy. This type of credit card provides various advantages and features. It also lets you monitor your business expenses.
Divvy is compatible with any accounting software to allow users to view their financial expenses. The software lets you create a budget, limit spending and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also has corporate cards. These cards assess your business’ finances and help you decide on how much you’ll need to spend every month. Unlike traditional business credit cards, Divvy doesn’t require an individual guarantee.
However, Divvy doesn’t disclose 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 provide a way to secure the highest interest rates for business loans, and they can also offer useful rewards. For instance the Chase Ultimate Rewards business credit card can earn bonus points that could be converted to cash back. Some cards offer rewards for travel and shopping, and others can be used to improve your company’s credit score.
There are a variety of credit card issuers you can select from, including Chase. You should also consider the method of use for the credit card. It is crucial to choose a business credit card that suits your particular needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card a great option. The card provides solid rewards across a variety of categories and even will pay for employees’ mobile phone bills.