For those that are 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 yes, but the process of getting an enterprise credit card can be confusing and overwhelming. Here are some things you need to be aware of before obtaining credit card.
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Brex offers a wide variety of financial services, such as corporate credit cards and spend management as well as expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card for start-ups that helps them build credit histories. The applicants don’t have to pay interest or offer personal guarantees. Rather, applicants are evaluated by the company’s business model and spending habits.
Customers can get up to 100 percent credit. The limit is determined by the amount the customer has in their Brex Cash account. Each day the Brex Card draws from the account to determine the limit of its spending.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. For instance, you could earn four points on travel booked through Brex Travel. You can also receive three points on dining.
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Capital on Tap
Capital on Tap is a all-in-one small business credit card and a spend management solution. The card comes with a variety of benefits including a standard 1.5 percent cash back rate on all purchases. The card is free of annual fees and does not have any other qualifications other than having a high credit score.
A low-interest business credit line is a great choice for those who are just starting out. You may also want to look into a credit card for business with additional protection.
Business credit cards with low interest are very convenient because 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 true if you’re looking to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It comes with a range of advantages, including the highest sign-up bonus, purchase protection, as well as travel perks. It has some downsides.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any introductory APR deals and the spend limit might not be suitable for your business. This isn’t the most efficient points-earning strategy.
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On the other side, the Ink Business Preferred Card offers many other beneficial features, including liability coverage as well as primary coverage for car rental and a shopping insurance. These benefits are ideal for small-scale business owners.
Additionally to that, the Ink Business Preferred Card is a great way to earn points. When you spend in specific categories, you’ll earn 3 points for every dollar you spend. In this instance for example, if you spend $500 on purchases with your card in the first three months, you will receive a 100,000 point welcome bonus.
If you’re a start-up business owner looking for a credit card for business you might want look into Divvy. This type of card offers various advantages and features. It also allows you to keep track of your business expenses.
Divvy can be used with any accounting software to allow users to see their financial expenses. The software lets you create a budget, restrict spending and even request money. In addition, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for companies. These cards analyze your business’ finances and help you decide on how much you’ll need to spend every month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. It is important to find out 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 best rates of interest on business loans and offer valuable rewards. Chase Ultimate Rewards business credit cards are a great way to earn bonus points that can be converted to cash back. Certain cards provide rewards for shopping and travelling and some can be used to improve your company’s credit score.
There are a myriad of credit card issuers to choose from, such as Chase. You should also consider the way you intend to use the credit card. It is important that you find the right corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card offers solid rewards on various purchase categories, and it even will pay for employees’ cell phone bills.