If you are thinking of starting your own business, the most important thing to consider is “Can I get my business credit card?” The answer is yes, but the process of obtaining an enterprise credit card can be confusing and overwhelming. Here are a few tips to be aware of the process of obtaining an credit card.
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Brex 30
Brex provides a range of financial services including 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 an account that helps entrepreneurs build credit histories. The applicants don’t have to pay interest and don’t have to offer a personal guarantee. Instead the applicants are evaluated on their company’s financial model and spending habits.
The applicants can enjoy up to a 100 percent credit limit. This limit is based on the amount of money that is in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards when you use a Brex Corporate credit card. For instance, you could earn four points when you travel booked through Brex Travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as a spend management tool. It comes with a myriad of benefits including a standard 1.5% cash back rate on all purchases. The card does not have annual fees and doesn’t have any other requirements than having a high credit score.
If you are a new business benefiting from a business credit card that is low-interest can be extremely appealing. It is also possible to look into a credit card for business that offers additional protection.
One of the most important advantages of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you can afford to pay off every month. This is particularly true if you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards for new businesses. It offers a variety of advantages, including a high sign-up bonus, purchase protection, and travel perks. However, it has some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any introductory APR offers and the spending limit may not be appropriate for your business. Moreover, it’s not the most generous point-earning system.
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The Ink Business Preferred Card, however it offers a number of additional useful features like liability insurance and primary coverage for car rentals shopping protection, as well as primary car rental coverage. These perks are perfect for small business owners.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories and earn three points per dollar. For instance, if make a purchase of $500 to your credit card within the first three months, you’ll receive the welcome bonus of 100,000 points.
Divvy
If you’re a start-up business owner looking for a business credit card, you may want to look into Divvy. This kind of card comes with many advantages and features. You can also keep track of your business expenses using this card.
Divvy is compatible with external accounting software, allowing users to view their financial expenses. You can then create a budget, set limits, and request funds. Additionally, Divvy lets you to set a maximum spending limit for your employees.
Divvy also has a corporate card. These cards assess your business’ finances and help you decide on how much you’ll need to invest every month. Contrary to traditional business credit cards, Divvy does NOT require a personal guarantee.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it is important to understand the company’s rate before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to secure best rates of interest for business loans and provide valuable rewards. For example the Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash back. Certain cards provide rewards for travel and shopping, while others can be used to improve your credit score.
Aside from the best business credit cards offered by Chase but there are many other credit card issuers you can choose from. However, you should think about the ways you will utilize a specific credit card. It is important to select the right business credit card that meets your specific needs.
Small-sized businesses will find the Ink Business Preferred(r) Credit Card an excellent option. The card gives you solid rewards for various categories of purchases as well as covers cell phone bills.