For those who are just beginning a business, one the most important questions they’ll need to answer is “Can I get a business credit card?” The answer is a resounding yes, but the process of applying for a business credit card can be confusing and overwhelming. Here are some tips to learn about getting an credit card.
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Brex 30
Brex provides a range of financial products, including corporate credit cards along with spend management and expense management software. Brex offers a comprehensive financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card that assists start-ups establish their credit histories. The applicants don’t have to pay interest and don’t need to provide an individual guarantee. Instead, applicants are assessed by the company’s business model and spending patterns.
Credit limits as high as 100 percent are available to 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 the limit of its spending.
You can earn significant rewards using the Brex Corporate credit card. Brex Travel offers four points to book travel. You can also earn three points for dining out.
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Capital on Tap
Capital on Tap is a one-stop small business credit card and spend management system. The card offers a variety of benefits, including a flat 1.5% cashback rate on all purchases. There are no annual charges, and the card doesn’t have other requirements other than an excellent credit score.
For businesses that are just starting out one of the advantages of using a business credit card with low interest are a great deal. It is also possible to think about a business credit card that provides additional security.
Business credit cards with low interest are very convenient because you’re not juggling the hassle of managing multiple cards or worrying about the amount of money you’ll have to pay each month. This is especially applicable if you’re planning to finance large expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred card is one of the top business credit cards for new businesses. It comes with a range of benefits, like a high sign-up bonus, purchase security, and travel perks. However, it has some drawbacks.
The Ink Business Preferred Card isn’t the perfect card, but it isn’t insignificant. There are no introductory APR promos and the spending limit might not be suitable for your company. It’s not the most efficient points-earning feature.
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The Ink Business Preferred Card, on the other hand provides a range of useful features, such as liability coverage and primary coverage for car rentals, shopping protection, and primary car rental coverage. These benefits are ideal for small business owners.
Moreover, the Ink Business Preferred Card is an excellent opportunity to earn points. If you make purchases in certain categories, you’ll earn 3 points for every dollar you spend. For example, if you add $500 worth of purchases to your credit card during the first three months, you’ll receive an initial bonus of 100,000 points.
Divide
The Divvy card is a great choice for entrepreneurs who are starting their business and looking for an business card. This card comes with a wide range of benefits and features. It also allows you to keep track of your business expenses.
Divvy can be used with any accounting software that allows users to monitor their financial expenses. You can then create budget, set limits on spending and request money. Additionally, Divvy lets you set an amount of money you can spend for your employees.
Divvy also offers a corporate credit card. These cards assess your business financial situation and help you decide what amount of money you should spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. Therefore, it’s essential to be aware of the company’s rates prior to applying.
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Chase Ultimate Rewards
Business credit cards can be used to obtain the most competitive rates of interest for business loans, and also provide valuable rewards. For example a Chase Ultimate Rewards business credit card provides bonus points which can translate to cash back. Some cards offer rewards for shopping and traveling while others can be used to build your credit score.
Apart from the top business credit cards from Chase, there are other credit card issuers you can choose from. You should also think about the way you intend to use the credit card. It is important to find an enterprise credit card that will meet your needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card provides solid rewards for various categories of purchases and even will pay for employees’ cell phone bills.