For those who are starting an enterprise, one of the most important questions they’ll have to answer is “Can I get a business credit card?” The answer is yes, but the process of getting the business credit card could be daunting and confusing. Here are some tips to be aware of the process of obtaining a credit card.
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Brex provides a variety of financial services, including corporate credit cards spending management, as well as expense management software. Brex offers a complete financial solution for entrepreneurs.
The Brex Card, also known as Brex for Startups is a credit card designed to help start-ups establish their credit histories. The applicants don’t pay interest or need to provide personal guarantees. Rather, applicants are evaluated by company business model and spending habits.
Credit limits as high as 100 percent are allowed for applicants. This limit is by the amount of money that is in the customer’s Brex Cash account. Every day, the Brex Card draws from the account to determine its spending limit.
With the Brex Corporate Credit Card you can earn substantial rewards on purchases. For example, you can earn four points on travel booked through Brex Travel. You can also earn three points on dining.
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Capital on Tap
Capital on Tap is an all-in-one small business credit card and a spend management system. The card comes with a range of benefits, including a standard 1.5% cashback rate on all purchases. The card does not have annual fees and doesn’t require any other requirements other than an excellent credit score.
A business credit card with low interest is a great option for new businesses. You may also want to look into a credit card for business that offers additional protection.
A low-interest business credit cards are extremely convenient since you’re not juggling the hassle of managing multiple credit cards or worrying about how much money you’ll be able to afford each month. This is especially true when you are planning to finance significant expenses.
Ink Business Preferred Credit Card
The Ink Business Preferred Card is one of the most popular business credit cards for new businesses. It offers a range of benefits, such as the highest sign-up bonus, purchase protection, as well as travel perks. However, it has some drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any APR introductory promotions to be found, and the spending limit may be too low for your company. In addition, it’s not exactly the most generous points-earning feature.
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The Ink Business Preferred Card, however provides a range of useful features such as liability coverage, primary car rental coverage shopping protection, and primary coverage for rental cars. As a small business owner, you’ll surely benefit from these perks.
The Ink Business Preferred Card is another excellent method to earn points. When you spend in specific categories, you’ll earn 3 points per dollar you spend. In this case, if you spend $500 on purchases on your card within the first three months, you will receive a 100,000-point welcome bonus.
Divvy is a good option for business owners in the beginning seeking business cards. The card comes with a range of benefits and features. It also allows you to monitor your business expenses.
Divvy can be integrated with any external accounting software that allows users to look at their financial expenses. The program lets you create a budget, restrict spending and request money. You can also set a spending limit for your employees.
Divvy also offers a corporate credit card for corporate customers. These cards review your company finances and allow you to determine how much you’ll need to spend every month. Divvy does not require personal guarantees unlike traditional business credit cards.
However, Divvy doesn’t disclose interest rates on its website. It is essential to know the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards provide an opportunity to secure the most favorable interest rates on business loans. They can also offer useful rewards. Chase Ultimate Rewards business credit cards can earn bonus points which can be converted to cash back. Some cards offer rewards for shopping and traveling and some can be used to to build credit for your business.
There are many credit card issuers to select from, including Chase. However, you should consider the manner in which you make use of a specific credit card. It is essential to locate the right business credit card that suits your needs.
The Ink Business Preferred(r) Credit Card is a viable option for a small business owner. This card offers solid rewards for various categories of purchases, and it even covers cell phone bills.