For those who 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?” The answer is a resounding yes however the process of applying for the business credit card could be confusing and overwhelming. Here are some things you need to be aware of before obtaining the credit card you need.
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Brex 30
Brex offers a wide variety of financial services, including corporate credit cards spending management, as well as expense management software. Brex offers a comprehensive financial solution for new businesses.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups build their credit score. It doesn’t charge interest or offer personal guarantees. Instead the applicants are evaluated based on their business model and their spending habits.
Credit limits as high as 100 percent are allowed for applicants. This limit is determined by the amount of cash in a customer’s Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn significant rewards using the Brex Corporate credit card. Brex Travel offers four points for booking travel. You can also receive 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 spending management tool. It offers a wide range of benefits, including a simple 1.5 percent cashback rate on all purchases. There are no annual fees and the card doesn’t have other requirements other than a good credit score.
A business credit card with a low-interest rate is a great choice for new businesses. You may also want to look into a business credit card with additional protection.
One of the primary advantages of a low interest business credit card is that you don’t need to fret about juggling several cards or worrying about how much you can afford to pay each month. This is especially true if you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most well-known business credit cards that are designed for startups. It provides many advantages, including a large initial bonus along with purchase protection, along with travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be ideal. There are no introductory APR promotions available, and the spending cap may be too low for your business. It’s also not the most effective point-earning option.
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The Ink Business Preferred Card, however, offers many other useful features such as liability coverage as well as primary coverage for car rentals shopping protection, and primary coverage for car rentals. If you’re a small company owner, you’ll certainly benefit from these benefits.
Moreover, the Ink Business Preferred Card is a great opportunity to earn points. Spend in certain categories , and you’ll earn 3 points for every dollar. For example, if you charge $500 on purchases to your credit card during the first three months, then you’ll be rewarded with the welcome bonus of 100,000 points.
Divide
If you’re a new business owner in search of an account for business credit you might want to think about Divvy. This type of card offers many advantages and features. It also lets you keep track of your business expenses.
The Divvy app can be used with any accounting software that allows users to look at their financial expenses. You can then create budget, set limits on spending and request money. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards review your company’ finances and help you decide what amount of money you’ll need to spend each month. In contrast to traditional business credit cards, Divvy is not a requirement for an individual guarantee.
However, Divvy does not disclose any interest rates on its website. It is important to know the interest rate of the company before you apply.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the highest rates of interest on business loans. They also offer rewards. For instance a Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash back. Certain cards provide rewards for shopping and traveling while others are able to help build your credit score.
There are many credit card issuers you could choose from, including Chase. But, you must consider the way you intend to make use of a particular credit card. It is essential to choose the appropriate corporate credit card for your needs.
The Ink Business Preferred(r) Credit Card is a great option for small-sized business owners. This card is a great way to earn rewards on various purchase categories as well as covers employees’ cell phone bills.
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