For those that are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” While there is a yes answer it can be a bit challenging and overwhelming to apply for a business credit card. Here are some tips to be aware of before obtaining the credit card you need.
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Brex 30
Brex provides a range of financial services like corporate credit cards as well as spend management and expense management software. It offers a complete financial solution for startups.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit history. The applicants don’t have to pay interest and don’t have to offer personal guarantees. Instead, applicants are evaluated on their company’s business model and their spending habits.
Credit limits as high as 100 percent are available to applicants. The limit is by the amount of cash in the customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With a Brex Corporate Credit Card You can earn rewards on purchases. For instance, you’ll get four points on travel booked through Brex Travel. Additionally, you can earn three points when dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spend management tool. The card provides a range of benefits, including a standard 1.5 percent cashback rate on all purchases. There are no annual fees and the card doesn’t have any other requirements aside from an excellent credit score.
A low-interest business credit card is a great option for businesses that are just starting out. A business credit card that offers additional security might be a viable option.
Business credit cards with low interest are extremely convenient since you’re not juggling the hassle of managing multiple credit cards or worrying about the amount of money you’ll have to pay each month. This is especially applicable if you’re planning 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 offers a range of benefits, such as an impressive sign-up bonus, purchase protection, as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There aren’t any initial APR offers and the spending limit might not be suitable for your company. It’s also not the most generous points-earning feature.
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On the other hand however, the Ink Business Preferred Card offers a lot of other useful features, including liability coverage as well as primary coverage for car rental, and a shopping protection. These perks are great for small-scale business owners.
Moreover it is worth noting that the Ink Business Preferred Card is an excellent way to earn points. When you spend money in certain categories, you’ll earn 3 points per dollar you spend. In this example for example, if you spend $500 on purchases with your card within the first three months, you’ll receive a 100,000 point welcome bonus.
Divvy
Divvy is a good option for entrepreneurs who are starting their business and looking for an enterprise card. This type of card offers numerous advantages and features. It also allows you to track your business expenses.
Divvy can be used with accounting software and enables users to easily view financial expenses. The software lets you set a budget, limit spending, and request funds. Additionally, Divvy permits you to set a maximum spending limit for your employees.
Divvy also offers corporate cards. These cards analyze your business financial situation and help you decide how much money you should spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is crucial to know the interest rate for the company before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest interest rates for business loans. They also offer rewards. For instance the Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash back. Certain cards provide rewards for shopping and travel and some can be used to help increase your business’s credit.
In addition to the top business credit cards from Chase but there are many other credit card issuers that you can use. However, you must think about the way you intend to make use of a particular credit card. It is vital to choose the appropriate corporate credit card for your requirements.
Small-scale business owners will find the Ink Business Preferred(r), Credit Card a fantastic option. This card provides solid rewards on different categories of purchases and even covers employees’ cell phone bills.