For those who are just beginning the business of their own, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although the answer is yes but it can be daunting and confusing to apply for an enterprise credit card. Here are some tips to be aware of when applying for credit card.
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Brex 30
Brex provides a range of financial services , including corporate credit cards spending management, as well as expense management software. It offers a complete financial solution for entrepreneurs.
The Brex Card, or Brex for Startups, is a credit card that helps entrepreneurs build credit histories. The applicants don’t have to pay interest or need to provide an individual guarantee. Instead applicants are evaluated on their business model and their spending habits.
Credit limits as high as 100 percent are permitted for applicants. This limit is determined by the amount a customer has in their Brex Cash account. Each day the Brex Card draws from the account to determine its spending limit.
With a Brex Corporate Credit Card you can earn substantial rewards on purchases. Brex Travel offers four points when you book travel. You can also earn three points when dining out.
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Capital on Tap
Capital on Tap is a small business credit card that can also be used as an expense management tool. It comes with a myriad of benefits, including a flat 1.5% cash back rate on all purchases. There are no annual fees and the card doesn’t have other requirements except for a good credit score.
If you are a new business it is possible to reap the benefits of a low-interest business credit card are a great deal. You might also consider a business credit card that offers additional protection.
One of the primary features 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 can afford to pay every month. This is particularly relevant if you’re trying to finance major expenditures.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the best business credit cards for startup companies. It provides many benefits, including a substantial sign up bonus along with purchase protection, as well as travel benefits. It does have some drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There aren’t any promotional APR promotions to be found and the spending limit may be too low for your company. It’s also not the most generous point-earning system.
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On the other hand, the Ink Business Preferred Card offers many other beneficial features, including liability coverage in addition to primary car rental insurance and a shopping protection. As a small-scale company owner, you’ll certainly benefit from these benefits.
The Ink Business Preferred Card is another great method to earn points. Spend in certain categories and you’ll earn 3 points for every dollar. In this example when you spend $500 on purchases to your card within the first three months, you will receive a 100,000-point welcome bonus.
Divvy
Divvy is an excellent choice for business owners who are just starting out looking for an business card. This type of credit card provides many benefits and features. It also allows you to monitor your business expenses.
Divvy works with external accounting software and enables users to quickly view financial expenses. The program allows you to create a budget, limit spending, and request funds. Additionally, Divvy lets you set the spending limit for your employees.
Divvy also has corporate cards. These cards evaluate your business financial situation and help you decide what amount of money you’ll need to spend each month. Divvy doesn’t require personal guarantees, unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to understand the company’s rate before applying.
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Chase Ultimate Rewards
Business credit cards are the opportunity to get the best interest rates on business loans, and can also offer valuable rewards. For example, a Chase Ultimate Rewards business credit card can earn bonus points that could be converted to cash back. Some cards offer rewards for shopping and travelling while others can be used to help improve your company’s credit score.
There are numerous credit card issuers you could choose from, such as Chase. But, you must consider the manner in which you make use of a particular credit card. It is crucial to choose the appropriate business credit card to meet your needs.
Small-sized business owners will find the Ink Business Preferred(r) Credit Card a fantastic option. The card is a good option for earning rewards for various categories of purchases and even covers mobile phone expenses.