For those who are just beginning an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes, it can be daunting and confusing to apply for a business credit card. Here are some points you should be aware of about the process of applying for a credit card.
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Brex offers a wide range of financial services, including corporate credit cards and spend management as well as expense management software. Brex offers a comprehensive financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that assists start-ups build their credit score. The applicants don’t pay interest or require an individual guarantee. Instead the applicants are evaluated on their company’s financial model and spending habits.
Credit limits up to 100 percent are permitted for applicants. This limit is determined by the amount of money in the customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its limit for spending.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. For instance, you could earn four points on travel booked through Brex 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 budget management tool. The card comes with a host of benefits including a standard 1.5% cash back rate on all purchases. The card is free of annual fees and doesn’t have any other qualifications other than having a high credit score.
For a startup business it is possible to reap the benefits of a business credit card that is low-interest can be extremely appealing. A business credit card that offers additional protection may be an option.
A business credit card with a low-interest rate are extremely convenient since you’re not burdened with the stress of managing multiple credit cards or worrying about the amount of you can manage 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 comes with a variety of advantages, including a large reward for signing up and purchase protection as well as travel benefits. It has some downsides.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promotions to be found, and the spending limit could be too low for your business. Moreover, it’s not the most generous points-earning option.
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On the other hand however, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance in addition to primary car rental insurance and a shopping protection. These benefits are perfect for small-scale business owners.
Additionally to that, the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories and you’ll earn three points per dollar. For instance, if make a purchase of $500 to your credit card within the first three months, you’ll receive an offer of 100,000 points.
Divvy is a good option for startup business owners looking for a business card. This kind of card comes with many advantages and features. It also lets you monitor your business expenses.
The Divvy app can be used with any external accounting software to allow users to monitor their financial expenses. The software lets you make a budget, limit spending and request money. Additionally, Divvy lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card for businesses. These cards evaluate your business finances and allow you to decide on 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. Therefore, it’s important to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards provide the chance to secure most favorable interest rates on business loans, and can also offer valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash or cash back. Certain cards provide rewards for travel and shopping, and others can be used to increase your business’s credit.
Aside from the best business credit cards offered by Chase There are other credit card issuers that you can turn to. However, you must think about the way you intend to make use of a specific credit card. It is important to find the right business credit card that is suitable for your particular needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card is a great way to earn rewards on a variety of purchase categories, and it even covers employees’ cell phone bills.