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?” The answer is a resounding yes however the process of getting the business credit card could be overwhelming and confusing. Here are some points you should be aware of about the process of obtaining a credit card.
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Brex offers a variety of financial services , including corporate credit cards along with spend management and expense management software. Brex offers a complete financial solution for new businesses.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them build their credit score. The applicants don’t pay interest or need to provide a personal guarantee. Instead the applicants are evaluated based on their budget and business model.
Customers can get up to 100 percent credit limit. This limit is determined by the amount of money customers have in their 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 when you travel booked through Brex Travel. You can also earn three points for dining.
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Capital on Tap
Capital on Tap is a complete small business credit card and spending management solution. It comes with a myriad of benefits including a flat 1.5 percent cash back rate on all purchases. The card has no annual charges and doesn’t need any other conditions other than a good credit rating.
A low-interest business credit card is a great choice for new businesses. A business credit card that comes with additional protection may be an option.
One of the main advantages 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 especially true if you are looking to finance large expenses.
Ink Business Preferred credit card
The Ink Business Preferred Card is one of the most well-known business credit cards designed for entrepreneurs. It comes with a variety of benefits, including a substantial sign-up bonus, purchase protection, along with 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 promotional APR promos and the spending limit might not be suitable for your business. In addition, it’s not exactly the most generous points-earning feature.
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On the other side, the Ink Business Preferred Card offers numerous other useful features, including liability coverage as well as primary coverage for car rental and a shopping insurance. As a small business owner, you’ll definitely benefit from these perks.
The Ink Business Preferred Card is another excellent method to earn points. Spend in certain categories and you’ll earn three points per dollar. For instance, if you charge $500 in purchases to your credit card within the first three months, then you’ll be rewarded with an offer of 100,000 points.
Divvy is an excellent choice for business owners who are just starting out seeking an business card. The card comes with a range of benefits and features. You can also keep track of your business expenses by using this card.
Divvy works with external accounting software and enables users to view their financial expenses. The software allows you to create a budget, limit spending, and request funds. In addition, Divvy allows you to set a spending limit for your employees.
Divvy also offers a corporate card. These cards evaluate your business’s finances and determine the amount you can spend each month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy does not disclose any interest rates on its website. Therefore, it is important to learn about the rates offered by the company before submitting an application.
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Chase Ultimate Rewards
Business credit cards are an opportunity to secure the highest interest rates for business loans. They can also offer valuable rewards. For instance one card, the Chase Ultimate Rewards business credit card gives you bonus points that can be converted into cash back. Some cards offer rewards for purchases and travel, while others can be used to build your credit score.
There are a myriad of credit card issuers you could choose from, including Chase. It is important to consider the method of use for the credit card. It is essential to find the right business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. The card provides solid rewards across a variety of categories and even protects employees’ mobile phone costs.