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?” While the answer is yes it can be difficult and confusing to apply for an enterprise credit card. Here are some tips to be aware of before obtaining the credit card you need.
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Brex offers a variety of financial services including corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution to startups.
The Brex Card, or Brex for Startups, is an account that helps startups establish credit histories. The applicants don’t have to pay interest and don’t need to provide a personal guarantee. Instead applicants are evaluated on their budget and business model.
Credit limits as high as 100 percent are allowed for applicants. This limit is by the amount of money that is in the customer’s Brex Cash account. Each day, the Brex Card draws from the account to determine the limit of its spending.
You can earn significant rewards by using the Brex Corporate credit card. For instance, you could earn four points when you travel booked through Brex Travel. You can also get three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and a spend management tool. The card offers a slew of benefits, including a flat 1.5 percent cash-back rate on all purchases. There are no annual fees, and the card doesn’t have other requirements other than having a credit score of at least.
A business credit card with low interest is a great choice for businesses that are just starting out. You might also consider a business credit card that offers additional protection.
One of the primary advantages of a low-interest business credit card is that you don’t have to fret about juggling several cards or worrying about how much you’ll have to pay off each month. This is especially true if are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It comes with a range of benefits, like an excellent sign-up bonus purchase protection, and travel benefits. However, it has a few drawbacks.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any introductory APR promotions to be found and the spending cap may be too low for your company. 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, offers many other useful features such as liability coverage, primary coverage for car rentals shopping protection, and primary car rental coverage. If you’re a small-sized business owner, you’ll definitely benefit from these perks.
Moreover that, the Ink Business Preferred Card is an excellent way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this instance for example, if you spend $500 on purchases to your card within the first three months, you’ll receive a 100,000 point welcome bonus.
If you’re a start-up business owner in search of a credit card for business you might want to think about Divvy. This card has a variety of benefits and features. You can also keep track of your business expenses using this card.
Divvy integrates with other accounting software, and allows users to quickly view financial expenses. The software lets you create a budget, restrict spending, and request funds. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards assess your company’s finances and determine the amount you’ll have to spend every month. Contrary to traditional business credit cards, Divvy doesn’t require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the interest rate for the company before you apply.
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Chase Ultimate Rewards
Business credit cards provide the opportunity to get the best interest rates on business loans, and they can also provide valuable rewards. For instance a Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for travel and shopping while others can be used to boost your credit score.
Aside from the best business credit cards offered by Chase and other credit card issuers you can choose from. However, you must think about how you will make use of a specific credit card. It is important that you choose the appropriate business credit card for your needs.
Small business owners will find the Ink Business Preferred(r), Credit Card an excellent option. The card provides solid rewards for a variety of purchase categories and even will pay for employees’ mobile phone bills.