For those that are starting the business of their own, 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 daunting and confusing to apply for a business credit card. Here are a few things you should know about the process of getting credit card.
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Brex offers a wide variety of financial services, including corporate credit cards, spend management, and expense management software. Brex provides a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups build their credit score. The applicants don’t have to pay interest or provide personal guarantees. Instead, applicants are evaluated on their company’s budget and business model.
Credit limits as high as 100 percent are permissible for applicants. This limit is by the amount of money that is in the customer’s Brex Cash account. Every day the Brex Card draws from the account to determine its spending limit.
You can earn rewarding rewards by using a Brex Corporate credit card. For instance, you could earn four points on travel booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and a spend management solution. The card comes with a range of benefits, including a flat 1.5% cashback rate on all purchases. The card is free of annual fees and doesn’t have any other qualifications other than a good credit rating.
A business credit card with a low-interest rate is a great option for new businesses. A business credit card with additional protection may be a good option.
A low-interest business credit cards are very convenient because you don’t have the worry of managing multiple credit cards or worrying about how much money you can afford each month. This is especially true if you’re looking to finance large purchases.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most sought-after business credit cards for startups. It offers a variety of advantages, including an impressive sign-up bonus, purchase security, and travel perks. However, it has a few drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There are no introductory APR promos and the spending limit might not be suitable for your business. It’s also not the best points-earning strategy.
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On the other hand however, the Ink Business Preferred Card offers many other beneficial features, such as liability insurance, primary car rental coverage and a shopping protection. If you’re a small business owner, you’ll definitely benefit from these perks.
Moreover, the Ink Business Preferred Card is an excellent way to earn points. When you spend money in certain categories, you’ll earn three points per dollar you spend. In this case the case of spending $500 on purchases on your card in the first three months, you will get a 100,000 point welcome bonus.
If you’re a business owner in search of an enterprise credit card you might want think about Divvy. This type of credit card provides numerous advantages and features. You can also keep track of your business expenses using this card.
The Divvy app can be used with any external accounting software to allow users to see their financial expenses. The software allows you to create a budget, limit spending, and request funds. Divvy also allows you to set a spending limit for your employees.
Divvy also has corporate cards. These cards analyze your business’ finances and help you determine how much you can spend every month. Unlike traditional business credit cards, Divvy does not require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s crucial to know the rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure most favorable rates of interest for business loans. They also offer rewards. For instance one card, the Chase Ultimate Rewards business credit card gives you bonus points that can translate to cash back. Certain cards provide rewards for purchases and travel and others can be used to build your credit score.
Apart from the top business credit cards from Chase but there are many other credit card issuers you can turn to. But, you must consider the manner in which you use a particular credit card. It is important that you select the correct business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. The card gives you solid rewards on a variety of purchase categories and also protects employees’ mobile phone bills.