If you’re thinking about starting your own business, the first important question to ask is “Can I get my business credit card?” The answer is a resounding yes however the process of getting an official business credit card can be confusing and overwhelming. Here are a few things you need to know about the process of obtaining the credit card.
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Brex 30
Brex offers a variety of financial services , including corporate credit cards spending management, as well as expense management software. Brex offers a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that helps start-ups build their credit history. The applicants don’t have to pay interest or provide an individual guarantee. Instead applicants are evaluated based on their financial model and spending habits.
Credit limits of up to 100 percent are allowed for applicants. This limit is determined based on the amount of money that is in the customer’s 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 rewards on purchases. For instance, you’ll earn four points on trips booked through Brex Travel. You can also get 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 tool. The card comes with a variety of benefits, including a fixed 1.5 percent cash-back rate on all purchases. The card has no annual charges and doesn’t need any other qualifications other than a good credit rating.
A low-interest business credit line is a great choice for new businesses. You might also look into a credit card for business that offers additional protection.
One of the main advantages of a low interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll be able to pay off each month. This is especially true when you are planning to finance significant expenses.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the best business credit cards for startup companies. It offers many advantages, including a large sign up bonus and purchase protection and travel perks. However, it does have some disadvantages.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR promotions and the spending limit may not be appropriate for your business. It’s also not the best point-earning option.
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On the other hand however, the Ink Business Preferred Card offers numerous other useful features, including liability coverage in addition to primary car rental insurance and a shopping protection. These benefits are ideal for small business owners.
Additionally it is worth noting that the Ink Business Preferred Card is an excellent opportunity to earn points. When you spend in specific categories, you’ll earn three points for every dollar you spend. For instance, if you charge $500 in purchases to your card in the first three months, you’ll get an initial bonus of 100,000 points.
Divvy
Divvy is an excellent choice for entrepreneurs who are starting their business and looking for a business card. This card comes with a wide range of benefits and features. You can also monitor your business expenses with this card.
Divvy can be integrated with any accounting software that allows users to see their financial expenses. The software lets you create a budget, limit spending, and request funds. Additionally, Divvy allows you to set a maximum spending limit for your employees.
Divvy also offers a corporate card. These cards look at your company’s finances and determine 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. It is essential 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 secure most competitive rates of interest for business loans, and also provide valuable rewards. For instance a Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Some cards offer rewards for purchases and travel and others can be used to boost your credit score.
There are a myriad of credit card issuers you could select from, including Chase. However, you must think about the way you intend to use a particular credit card. It is vital to locate the best business credit card to meet your requirements.
The Ink Business Preferred(r) Credit Card is a viable option for small-sized business owners. This card is a great way to earn rewards on different categories of purchases as well as will pay for employees’ cell phone bills.