For those who are just beginning the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is yes however, the process of applying for the business credit card could be confusing and overwhelming. Here are some tips to learn about getting the credit card you need.
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Brex 30
Brex offers a variety of financial services like corporate credit cards as well as spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups establish their credit histories. The applicants don’t have to pay interest or need to provide a personal guarantee. Rather, applicants are evaluated by the business model of the company and spending patterns.
Customers can get up to 100 percent credit. This limit is determined based on the amount of cash in a 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 significant rewards on purchases. Brex Travel offers four points for booking travel. You can also 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 a spend management solution. It comes with a myriad of benefits, including a flat 1.5% cash back rate on all purchases. There are no annual fees and the card doesn’t require other requirements, aside from having a high credit score.
A low-interest business credit card is a great option for businesses that are just starting out. You might also think about a business credit card that offers additional protection.
One of the main advantages of a low interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you can afford to pay every 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 well-known business credit cards designed for entrepreneurs. It provides many advantages, including a large initial bonus along with purchase protection, along with travel perks. However, it does have several drawbacks.
The Ink Business Preferred Card isn’t an ideal choice, but. There aren’t any promotional APR promotions available, and the spending limit may be too low for your business. Furthermore, it’s not the most generous points-earning feature.
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On the other hand the Ink Business Preferred Card offers several other valuable features, such as liability insurance and primary car rental coverage, and a shopping protection. As a small-scale company owner, you’ll certainly benefit from these benefits.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in certain categories, you can earn three points per dollar you spend. For instance, if add $500 worth of purchases to your credit card during the first three months, then you’ll be rewarded with an initial bonus of 100,000 points.
Divide
Divvy is a good option for entrepreneurs who are starting their business and looking for a business card. This type of card offers numerous advantages and features. It also allows you to monitor your business expenses.
Divvy integrates with other accounting software that allows users to view their the financial expenses. The software allows you to create a budget, restrict spending, and request funds. It also lets you set an amount of money you can spend for your employees.
Divvy also offers corporate cards. These cards evaluate your business’s finances and decide how much you’ll have to spend every month. Contrary to traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the company’s interest rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to get the highest interest rates for business loans and provide valuable rewards. For example the Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Certain cards provide rewards for travel and shopping, while others can be used to build your credit score.
There are a myriad of credit card issuers you can choose from, including Chase. But, you must consider the ways you will use a particular credit card. It is crucial to locate the best business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card is a great way to earn rewards on various purchase categories as well as covers employees’ cell phone bills.