For those who are just beginning an enterprise, one of the most important questions they’ll need to answer is “Can I get a business credit card?” Although there is a yes answer but it can be daunting and confusing to apply for an enterprise credit card. Here are a few tips to be aware of the process of getting credit card.
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Brex offers a variety of financial services like corporate credit cards along with spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, or Brex for Startups, is an account that helps entrepreneurs build credit histories. Applicants don’t pay interest and don’t 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 allowed for applicants. The limit is determined by the amount that a 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 valuable rewards on purchases. For instance, you’ll earn four points when you travel booked through Brex 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 a spending management tool. The card comes with a range of benefits, including a simple 1.5 percent cashback rate on all purchases. The card has no annual fees and doesn’t require any other qualifications other than having a high credit score.
A business credit card with low interest is a great choice for new businesses. You may also want to look into a business credit card that provides additional security.
One of the primary features of a low-interest business credit card is that you don’t need to worry about managing multiple cards or worrying about how much you’ll have to pay off each month. This is particularly important if you’re trying to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for startup businesses. It offers a variety of benefits, like an impressive sign-up bonus, purchase protection, as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be the perfect choice for your business. There are no introductory APR offers and the spending limit may not be appropriate for your company. It’s also not the best points-earning strategy.
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On the other side the Ink Business Preferred Card offers many other beneficial features, including liability coverage, primary car rental coverage and a shopping insurance. These perks are great for small-scale business owners.
Additionally it is worth noting that the Ink Business Preferred Card is an excellent opportunity to earn points. Spend in certain categories , and you’ll earn three points per dollar. For example, if you make a purchase of $500 to your card during the first three months, then you’ll be rewarded with a welcome bonus of 100,000 points.
The Divvy card is a great choice for business owners who are just starting out looking for an business card. The card comes with a range of benefits and features. It also allows you to track your business expenses.
Divvy can be integrated alongside any other accounting software to allow users to view their financial expenses. You can then create budgets, set limits, and request funds. Additionally, Divvy lets you set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards look at your company’s finances and decide how much you’ll have to spend each month. As opposed to traditional business credit card, Divvy doesn’t require personal guarantees.
However, Divvy doesn’t disclose interest rates on its website. It is important to find out the company’s interest rate before you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most competitive interest rates for business loans, and also provide valuable rewards. Chase Ultimate Rewards business credit cards offer bonus points that can be converted into cash back. Certain cards provide rewards for shopping and travel as well as others that can be used to build your credit score.
There are many credit card issuers you can select from, including Chase. You must also think about the way you intend to use the credit card. It is important that you find the right business credit card for your requirements.
Small 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 will pay for employees’ mobile phone bills.