For those that are starting a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” While the answer is yes but it can be confusing and overwhelming to apply for a business credit card. Here are some things you should know about the process of getting a credit card.
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Brex 30
Brex provides a range of financial products, including corporate credit cards along with spend management and 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 designed to help start-ups build their credit history. The applicants don’t have to pay interest or need to provide a personal guarantee. Instead applicants are evaluated based on their budget and business model.
Credit limits as high as 100 percent are permitted for applicants. The limit is determined by the amount of money customers have in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
With the Brex Corporate Credit Card, you can earn valuable rewards on purchases. For example, you can get four points on travel booked through Brex Travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card as well as a spending management solution. The card comes with a range of advantages, including a fixed 1.5 percent cashback rate on all purchases. There are no annual charges, and the card does not have other requirements, aside from having a high credit score.
A business credit card with a low-interest rate is a great choice for new businesses. A business credit card that comes with additional security could be an 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 the amount of you can manage each month. This is especially important if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most sought-after business credit cards that are designed for startups. It offers a variety of benefits, like an excellent sign-up bonus purchase protection, and travel perks. However, it also has some disadvantages.
The Ink Business Preferred Card may not be ideal. There aren’t any introductory APR promotions to be found, and the spending limit could be too low for your company. It’s also not the best points-earning strategy.
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The Ink Business Preferred Card, on the other hand it offers a number of additional useful features like liability insurance primary coverage for car rentals shopping protection, as well as primary coverage for rental cars. If you’re a small-sized business owner, you’ll surely benefit from these benefits.
The Ink Business Preferred Card is another excellent way to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this instance, if you spend $500 on purchases with your card within the first three months, you will be awarded a 100,000 points welcome bonus.
Divide
Divvy is a good option for startup business owners seeking business cards. The card comes with a range of advantages and features. It also lets you track your business expenses.
The Divvy app can be used alongside any other accounting software to allow users to see their financial expenses. You can create a budget, set limits on spending and request money. It also lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card. These cards look at your company’s finances and decide how much you should spend each month. As opposed to traditional business credit card, Divvy is not a requirement for personal guarantees.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to understand the company’s rate before submitting an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most favorable interest rates for business loans. They also offer rewards. For example, a Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash. Certain cards provide rewards for shopping and traveling and others are able to help build your credit score.
Apart from the top business credit cards offered by Chase and other credit card issuers are available to. However, you must think about the ways you will utilize a specific credit card. It is important to find a business credit card that is suitable for your particular needs.
Small business owners will find the Ink Business Preferred(r), Credit Card an excellent choice. This card offers solid rewards for various purchase categories and even covers mobile phone costs.