For those who are just beginning a business, one of 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 obtaining an official business credit card can be confusing and overwhelming. Here are a few things you should know about the process of applying for an credit card.
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Brex provides a broad range of financial services, including corporate credit cards as well as spend management and expense management software. It provides an all-in-one financial solution for entrepreneurs.
The Brex Card, also referred to as Brex for Startups is a credit card that helps start-ups build their credit score. The applicants don’t have to pay interest or provide an individual guarantee. Instead, applicants are assessed by company business model and spending habits.
Users can get 100 percent credit. This limit is determined by the amount the customer has in their Brex Cash account. Every day the Brex Card draws from the account to determine its limit for spending.
With the Brex Corporate Credit Card you can earn significant rewards on purchases. Brex Travel offers four points for booking travel. You can also get three points for dining out.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and spending management solution. The card offers a variety of advantages, including a fixed 1.5 percent cashback rate on all purchases. There are no annual fees and the card doesn’t have any other requirements other than an excellent credit score.
A low-interest business credit line is a great choice for businesses that are just starting out. It is also possible to look into a business credit card that provides additional security.
One of the primary advantages of a low interest business credit card is that you don’t have to fret about juggling several cards or worrying about how much you’ll be able to pay each month. This is particularly 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 designed for start-up businesses. It has many advantages, such as a huge initial bonus as well as purchase protection along with travel perks. However, it also has some disadvantages.
The Ink Business Preferred Card isn’t ideal, however. There aren’t any APR introductory promotions to be found and the spending limit may be too low for your business. This isn’t the most efficient points-earning feature.
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On the other side it is worth noting that the Ink Business Preferred Card offers a lot of other useful features, including liability coverage and primary car rental coverage and a shopping insurance. These benefits are perfect for small-scale business owners.
Additionally that, the Ink Business Preferred Card is a great opportunity to earn points. Spend in specific categories and you’ll earn 3 points for every dollar. For example, if you charge $500 on purchases to your credit card during the first three months, then you’ll be rewarded with an offer of 100,000 points.
The Divvy is a great option for entrepreneurs who are starting their business and seeking business cards. This card has a variety of advantages and features. You can also track your business expenses with this card.
Divvy works with external accounting software, allowing users to easily monitor financial expenses. You can create budgets, set the limits on spending and request money. It also lets you set a spending limit for your employees.
Divvy also offers a corporate credit card. These cards assess your company’s finances and decide how much you can spend each month. In contrast to traditional business credit cards, Divvy does not require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. Therefore, it’s important to understand the company’s rate before you apply.
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Chase Ultimate Rewards
Business credit cards are the chance to secure highest interest rates for business loans. They can also offer useful rewards. For instance the Chase Ultimate Rewards business credit card offers bonus points that could be converted to cash back. Certain cards provide rewards for travel and shopping as well as other cards that can be used to help build your business’s credit.
In addition to the top business credit cards offered by Chase and other credit card issuers you can turn to. But, you must consider the way you intend to make use of a specific credit card. It is important that you locate the best business credit card that meets your needs.
The Ink Business Preferred(r) Credit Card is a good option for small-sized business owners. This card provides solid rewards on various purchase categories and also protects employees’ mobile phone bills.