If you’re thinking of starting a business, the most important question you should ask yourself is “Can I get my business credit card?” The answer is yes however, the process of obtaining the business credit card could be daunting and confusing. Here are some things to be aware of before obtaining the credit card you need.
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Brex 30
Brex offers a variety of financial services like corporate credit cards along with spend management and expense management software. It offers a complete financial solution to startups.
The Brex Card, or Brex for Startups, is an account that helps startups establish their credit history. Applicants don’t pay interest or provide personal guarantees. Instead, applicants are assessed by the company’s business model and spending habits.
Applicants can have up to a 100 percent credit limit. This limit is determined by the amount of money a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn valuable rewards using the Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also get three points for dining.
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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. It offers a wide range of benefits, including a standard 1.5% cashback rate on all purchases. There are no annual fees and the card doesn’t have other requirements other than having a high credit score.
If you are a new business benefiting from a business credit card that is low-interest could be very appealing. A business credit card with additional security might be a viable option.
A low-interest business credit card 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 when you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards available to start-up businesses. It provides many benefits, including a substantial sign-up bonus and purchase protection along with travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR promos and the spending limit may not be appropriate for your company. It’s also not the most effective point-earning option.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features, such as liability coverage as well as primary car rental coverage shopping protection, as well as primary coverage for rental cars. These benefits are perfect for small 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 you charge $500 in purchases to your card during the first three months, you’ll get the welcome bonus of 100,000 points.
Divvy
If you’re a startup business owner in search of an enterprise credit card, you may want to consider Divvy. This kind of card comes with numerous benefits and features. You can also keep track of your business expenses using this card.
Divvy is compatible alongside any other accounting software to allow users to monitor their financial expenses. The program lets you make a budget, limit spending and even request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards look at your company’s financial situation and decide on how much you can spend each month. Unlike traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s 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. They can also offer valuable rewards. For example the Chase Ultimate Rewards business credit card provides bonus points which can be converted into cash back. Some cards offer rewards for shopping and travel while others can be used to boost your credit score.
There are a myriad of credit card issuers you could pick from, including Chase. However, you should think about the manner in which you make use of a particular credit card. It is essential to locate the best business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. This card offers solid rewards across a variety of categories and even covers mobile phone bills.