For those that are starting a business, one 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 the business credit card could be a bit overwhelming and confusing. Here are some tips to be aware of before obtaining a credit card.
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Brex 30
Brex provides a variety of financial services, including corporate credit cards and spend management as well as expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is an credit card that assists startups establish credit histories. Applicants don’t pay interest or have to provide personal guarantees. Instead, applicants are assessed by the business model of the company and spending patterns.
Users can get 100 percent credit limit. The limit is determined by the amount of money in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewards when you use the Brex Corporate credit card. For instance, you could get four points on travel booked through Brex Travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as an expense management tool. The card comes with a host of benefits including a standard 1.5 percent cash-back rate on all purchases. The card is free of annual fees and does not have any other requirements other than an excellent credit score.
If you are a new business benefiting from a business credit card that is low-interest could be very appealing. You may also consider a business credit card that offers additional protection.
Business credit cards with low interest are extremely convenient since you don’t have to worry of managing multiple credit cards or worrying about how much money you can afford each month. This is especially relevant if you’re trying to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for new businesses. It comes with a range of advantages, including an impressive sign-up bonus, purchase protection, and 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 offers and the spending limit may not be appropriate for your business. In addition, it’s not exactly the most generous points-earning feature.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features like liability insurance as well as primary coverage for car rentals shopping protection, and primary car rental coverage. These perks are perfect for small-scale business owners.
Furthermore to that, the Ink Business Preferred Card is a great way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For example when you spend $500 on purchases to your card within the first three months, you’ll get a 100,000 point welcome bonus.
Divvy
If you’re a business owner in search of an enterprise credit card you might want to consider Divvy. This card has a variety of benefits and features. You can also keep track of your business expenses by using this card.
Divvy works with external accounting software, allowing users to easily monitor the financial expenses. You can create budgets, set maximum limits and request money. Additionally, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. The cards analyze your company’s finances and determine the amount you should spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company prior to you apply.
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Chase Ultimate Rewards
Business credit cards offer an opportunity to secure the highest interest rates for business loans. They can also offer useful rewards. For example one card, the Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Some cards offer rewards for shopping and traveling and others can be used to improve your credit score.
Apart from the top business credit cards offered by Chase but there are many other credit card issuers you can choose from. However, you should think about the ways you will make use of a specific credit card. It is essential to find the right business credit card for your requirements.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a great option. This card gives you solid rewards for various categories of purchases and even covers mobile phone expenses.