For those who are just beginning a business, one the most important questions they’ll have to answer is “Can I get a business credit card?” While the answer is yes it can be daunting and confusing to apply for a business credit card. Here are some things you need to be aware of when applying for credit card.
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Brex offers a wide variety of financial services, including corporate credit cards as well as spend management and expense management software. Brex provides a complete 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. It doesn’t charge interest or offer a personal guarantee. Instead, applicants are evaluated based on their company’s business model and their spending habits.
The applicants can enjoy up to a 100 percent credit limit. This limit is determined by the amount of money a customer has in their Brex Cash account. The Brex Card draws daily from the account to determine its spending limits.
You can earn rewarding rewards when you use the Brex Corporate credit card. Brex Travel offers four points for booking travel. Additionally, you can earn three points for dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card and spending management solution. The card comes with a variety of benefits, including a flat 1.5 percent cash-back rate on all purchases. The card doesn’t have annual fees and doesn’t have any other qualifications other than an excellent credit score.
A business credit card with low interest is a great option for businesses that are just starting out. You may also want to look into a credit card for business that provides additional security.
A low-interest business credit card are very convenient because you’re not burdened with the stress of managing multiple cards or worrying about how much you can manage each month. This is particularly true if you’re looking to finance large expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for startup businesses. It offers a range of benefits, like the highest sign-up bonus, purchase security, and travel perks. However, it also has some drawbacks.
The Ink Business Preferred Card may not be the best choice for you. There aren’t any introductory APR promotions to be found, and the spending cap could be too low for your company. It’s also not the best point-earning option.
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On the other side however, 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 perfect for small business owners.
The Ink Business Preferred Card is another great method to earn points. If you make purchases in certain categories, you’ll earn three points for every dollar you spend. For example when you spend $500 on purchases with your card within the first three months, you will get a 100,000 point welcome bonus.
The Divvy is a great option for business owners who are just starting out looking for business cards. This card has a variety of benefits and features. It also lets you track your business expenses.
Divvy is compatible with external accounting software that allows users to view their the financial expenses. You can create a budget, set limits on spending and request money. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate credit card for businesses. These cards review your company’ finances and help you decide on how much you’ll need to spend each month. Divvy does not require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to be aware of the company’s rates before applying.
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Chase Ultimate Rewards
Business credit cards can be used to get the most favorable interest rates for business loans and offer valuable rewards. For example a Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash back. Some cards offer rewards for travel and shopping and some can be used to help improve your company’s credit score.
Aside from the best business credit cards from Chase and other credit card issuers you can use. However, you should consider the way you intend to make use of a particular credit card. It is important to select an enterprise credit card that suits your specific requirements.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card a great option. This card gives you solid rewards for various purchase categories and even protects employees’ mobile phone bills.