If you’re starting an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes however, the process of applying for an official business credit card can be overwhelming and confusing. Here are some things you need to know about the process of getting a credit card.
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Brex offers a variety of financial services , including corporate credit cards, spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that can help entrepreneurs build credit histories. The cardholders don’t have to pay any interest or provide an individual guarantee. Instead, applicants are evaluated on their financial model and spending habits.
Credit limits up to 100 percent are permitted for applicants. This limit is determined by the amount customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards with the Brex Corporate credit card. For instance, you could earn four points when you travel booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management tool. The card comes with a variety 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 any other requirements aside from a good credit score.
A low-interest business credit card is a great choice for those who are just starting out. It is also possible to look into a credit card for business that provides additional security.
Business credit cards with low interest are very convenient because you’re not burdened with the stress of managing multiple credit cards or worrying about the amount of money you’ll have to pay 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 designed for entrepreneurs. It provides many advantages, such as a huge initial bonus, purchase protection, along with travel perks. However, it has some drawbacks.
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 company. Furthermore, it’s not the most generous points-earning option.
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On the other hand however, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage and primary car rental coverage and a shopping insurance. These perks are great for small-scale business owners.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories and you’ll earn three points per dollar. For instance, if you add $500 worth of purchases to your card during the first three months, you’ll get an initial bonus of 100,000 points.
If you’re a business owner looking for a business credit card You might want to think about Divvy. This card comes with a wide range of benefits and features. You can also monitor your business expenses with this card.
Divvy works with external accounting software that allows users to view their the financial expenses. The program lets you set a budget, limit spending, and request funds. Divvy also allows you to set the spending limit for your employees.
Divvy also offers a corporate card. These cards look at your company’s finances and decide how much you’ll have to spend every month. As opposed to traditional business credit card, Divvy does NOT require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to know the rate of the company before applying.
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Chase Ultimate Rewards
Business credit cards can be used to secure best rates of interest on business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted into cash or cash back. Some cards offer rewards for shopping and travel while others can be used to help build your business’s credit.
There are a variety of credit card issuers you can pick from, including Chase. However, you must think about how you will make use of a specific credit card. It is important that you select the correct business credit card to meet your needs.
Small business owners will find the Ink Business Preferred(r), Credit Card an excellent option. The card provides solid rewards across a variety of categories and even covers employees’ mobile phone costs.