For those who are just beginning a business, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes, but the process of getting a business credit card can be daunting and confusing. Here are some things you should know about the process of applying for a credit card.
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Brex offers a wide variety of financial services, including corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, also known as Brex for Startups, is a credit card that helps entrepreneurs build credit histories. It doesn’t charge interest and don’t need to provide a personal guarantee. Instead, applicants are assessed on the basis of their business model and spending habits.
Users can get 100 percent credit. The 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 spending limit.
You can earn rewarding rewards by using the Brex Corporate credit card. Brex Travel offers four points to book travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a small-sized business credit card that can be used as a spend management tool. The card offers a variety of benefits, including a standard 1.5 percent cashback on all purchases. There are no annual charges, and the card does not have other requirements other than a good credit score.
A low-interest business credit line is a great choice for businesses that are just starting out. A business credit line with added security may be a viable option.
One of the primary features of a low-interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll have to pay off each month. This is particularly true if you’re looking to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for new businesses. It comes with a range of benefits, including the highest sign-up bonus, purchase protection, and travel perks. It does have some drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There are no introductory APR promotions to be found, and the spending cap may be too low for your company. It’s not the most efficient points-earning strategy.
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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-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. When you spend money in certain categories, you’ll earn 3 points per dollar you spend. In this example, if you spend $500 on purchases with your card within the first three months, you will get a 100,000 point welcome bonus.
Divvy is a good option for business owners who are just starting out looking for a business card. The card comes with a range of advantages and features. It also allows you to keep track of your business expenses.
Divvy integrates with other accounting software and enables users to quickly view financial expenses. You can create budget, set limits, and request money. Additionally, Divvy lets you to set a spending limit for your employees.
Divvy also has a corporate card. These cards look at your company’s finances and determine how much you’ll have to spend each month. Unlike traditional business credit cards, Divvy does NOT require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. It is important to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards are an opportunity to secure the best interest rates on business loans. They are also able to provide useful rewards. For instance a Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Some cards offer rewards for shopping and travel as well as others that can be used to boost your credit score.
There are many credit card issuers you can choose from, including Chase. You should also think about what you intend to do with the credit card. It is crucial to choose a business credit card that is suitable for your specific needs.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. This card gives you solid rewards for various categories of purchases and even will pay for employees’ mobile phone expenses.