For those who are starting a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” Although the answer is yes it can be challenging and overwhelming to apply for a business credit card. Here are some things to be aware of when applying for a credit card.
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Brex offers a 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 referred to as Brex for Startups is a credit card that assists start-ups build their credit history. Applicants don’t pay interest or provide personal guarantees. Rather, applicants are evaluated by the business model of the company and spending patterns.
Credit limits of up to 100 percent are permitted for applicants. This limit is determined by the amount of money that a customer has in their Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card You can earn rewards on purchases. For instance, you can earn four points when you travel booked through Brex Travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spend management system. The card comes with a variety of benefits, including a flat 1.5% cash back rate on all purchases. There are no annual charges, and the card doesn’t require other requirements aside from a good credit score.
For a business that is just beginning it is possible to reap the benefits of the low-interest business credit cards could be very appealing. You may also want to look into a business credit card which offers additional security.
One of the most important features of a low-interest business credit card is that you don’t need to worry about juggling multiple cards or worrying about how much you’ll have to pay every month. This is particularly important if you’re trying to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards for startups. It offers many advantages, including a large sign up bonus along with purchase protection, along with travel perks. However, it does have some drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There are no introductory APR promotions to be found, and the spending limit could be too low for your business. It’s also not the most generous points-earning feature.
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On the other side it is worth noting that the Ink Business Preferred Card offers many other beneficial features, such as liability insurance as well as primary coverage for car rental as well as a shopping security. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another great method to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. For instance, if you make a purchase of $500 to your credit card during the first three months, then you’ll be rewarded with an offer of 100,000 points.
The Divvy is a great option for business owners who are just starting out looking for a business card. This type of credit card provides various benefits and features. It also lets you keep track of your business expenses.
Divvy works with external accounting software, and allows users to view their financial expenses. You can then create budgets, set limits on spending and request money. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also has a corporate card. These cards evaluate your business finances and allow you to decide what amount of money you’ll need to invest each month. In contrast to traditional business credit cards, Divvy doesn’t require 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 prior to you apply.
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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. For instance the Chase Ultimate Rewards business credit card offers bonus points that can translate to cash back. Some cards offer rewards for travel and shopping as well as other cards that can be used to improve your company’s credit score.
There are a myriad of credit card issuers you could select from, including Chase. However, you should consider the way you intend to make use of a specific credit card. It is vital to find the right corporate credit card for your needs.
Small-scale business owners will find the Ink Business Preferred(r) Credit Card a great option. This card provides solid rewards on a variety of purchase categories, and it even will pay for employees’ cell phone bills.
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