For those that are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While there is a yes answer it can be confusing and overwhelming to apply for a business credit card. Here are some things to know about how to get credit card.
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Brex provides a range of financial services , including corporate credit cards, spend management and expense management software. It offers a complete financial solution to startups.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them build their credit history. It doesn’t charge interest or have to provide a personal guarantee. Instead, applicants are rated by company business model and spending patterns.
Credit limits up to 100 percent are available to applicants. The limit is based on the amount of cash in a customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
You can earn significant rewards with the Brex Corporate credit card. Brex Travel offers four points to book travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can be used as a spending management tool. The card comes with a range of benefits, including a simple 1.5 percent cashback rate on all purchases. There are no annual charges, and the card doesn’t have other requirements, aside from having a credit score of at least.
A low-interest business credit card is a great option for new businesses. A business credit line with additional security might be a possibility.
One of the main advantages of a low-interest business credit card is that you don’t need to worry about managing multiple cards or worrying about how much you’ll be able to pay each month. This is especially true if you 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 designed for entrepreneurs. It offers a range of benefits, such as an excellent sign-up bonus purchase protection, and travel benefits. However, it also has several drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any introductory APR promotions available, and the spending limit may be too low for your company. It’s not the most efficient points-earning feature.
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On the other hand it is worth noting that the Ink Business Preferred Card offers a lot of other useful features, such as liability insurance and primary car rental coverage and a shopping insurance. These perks are perfect for small business owners.
The Ink Business Preferred Card is another great method to earn points. Spend in certain categories , and you’ll earn three points per dollar. In this case for example, if you spend $500 on purchases on your card in the first three months, you will be awarded a 100,000 points welcome bonus.
Divvy is a good option for business owners in the beginning seeking a business card. This card comes with a wide range of benefits and features. It also lets you monitor your business expenses.
Divvy works with external accounting software, allowing users to easily view financial expenses. The program allows you to create a budget, limit spending, and request funds. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also has a corporate card. The cards analyze your company’s finances and decide how much you’ll need to 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 essential to learn about the rates offered by the company before applying.
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Chase Ultimate Rewards
Business credit cards offer an opportunity to secure the highest interest rates for business loans, and can also offer valuable rewards. For example a Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash. Certain cards provide rewards for travel and shopping and some can be used to help to build credit for your business.
Apart from the top business credit cards offered by Chase but there are many other credit card issuers that you can turn to. However, you should think about the ways you will utilize a specific credit card. It is crucial to choose the best business credit card that suits your specific requirements.
Small-sized businesses will find the Ink Business Preferred(r), Credit Card a great option. This card offers solid rewards on different categories of purchases, and it even will pay for employees’ cell phone bills.