For those who are starting the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” While there is a yes answer but it can be difficult and confusing to apply for a business credit card. Here are some tips to be aware of before obtaining a credit card.
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Brex 30
Brex offers a variety of financial services like corporate credit cards spending management, as well as expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that helps startups establish credit histories. Applicants don’t pay interest and don’t need to offer an individual guarantee. Instead, applicants are rated by company business model and spending patterns.
Credit limits as high as 100 percent are allowed for applicants. This limit is determined by the amount of money the 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 example, you can earn four points when you travel booked through Brex Travel. You can also earn three points on dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and a spend management system. The card offers a slew of benefits including a flat 1.5 percent cash back rate on all purchases. There are no annual fees, and the card doesn’t have any other requirements aside from an excellent credit score.
A business credit card with a low-interest rate is a great option for startups. You might also consider a business credit card with additional protection.
One of the primary features of a low-interest business credit card is that you don’t have to worry about juggling multiple cards or worrying about how much you’ll have to pay every month. This is especially true if you’re looking to finance large purchases.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most popular business credit cards for new businesses. It offers a variety of advantages, including an excellent sign-up bonus purchase security, and travel perks. However, it has some disadvantages.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There aren’t any initial APR offers and the spending limit may not be appropriate for your company. This isn’t the most efficient points-earning strategy.
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The Ink Business Preferred Card, however provides a range of useful features, such as liability coverage, primary car rental coverage, shopping protection, and primary car rental coverage. As a small company owner, you’ll certainly benefit from these benefits.
Furthermore that, the Ink Business Preferred Card is an excellent method to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. For example, if you charge $500 in purchases to your credit card within the first three months, you’ll receive a welcome bonus of 100,000 points.
Divide
If you’re a start-up business owner looking for a credit card for business you might want think about Divvy. This kind of card comes with numerous benefits and features. It also allows you to track your business expenses.
Divvy is compatible alongside any other accounting software that allows users to view their financial expenses. You can create budget, set limits on spending and request money. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards evaluate your business’s financial situation and decide on how much you’ll need to spend every month. In contrast to traditional business credit cards, Divvy does NOT require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s important to know the rate of the company prior to applying.
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Chase Ultimate Rewards
Business credit cards offer the chance to secure best interest rates on business loans. They can also offer useful rewards. For instance a Chase Ultimate Rewards business credit card can earn bonus points that can be converted into cash. Some cards offer rewards for purchases and travel and others can be used to improve your credit score.
Apart from the top business credit cards offered by Chase, there are other credit card issuers that you can use. You should also think about how you will use the credit card. It is essential to locate an enterprise credit card that is suitable for your particular needs.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card an excellent option. This card gives you solid rewards for various categories of purchases and even covers mobile phone costs.