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?” Although there is a yes answer but it can be confusing and overwhelming to apply for an enterprise credit card. Here are some tips to be aware of before obtaining an credit card.
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Brex 30
Brex offers a wide variety of financial services, including corporate credit cards as well as spend management and expense management software. Brex is a complete financial solution for startups.
The Brex Card, also known as Brex for Startups is a credit card for start-ups that helps them build their credit history. The cardholders don’t have to pay any interest and don’t need to offer an individual guarantee. Instead, applicants are evaluated based on their company’s budget and business model.
Credit limits of up to 100 percent are available to applicants. The limit is determined by the amount that a customer has 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 on travel booked through Brex Travel. You can also get three points when dining out.
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Capital on Tap
Capital on Tap is a complete small business credit card and spending management tool. The card comes with a range of benefits, including a flat 1.5% cashback rate on all purchases. The card doesn’t have annual fees and doesn’t require any other requirements than an excellent credit score.
A low-interest business credit card 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 most important features of a low-interest business credit card is that you don’t have to worry about managing multiple cards or worrying about how much you’ll have to pay off every month. This is particularly applicable if you’re planning to finance major expenditures.
Ink Business Preferred credit card
The Ink Business Preferred card is one of the top business credit cards available to start-up companies. It offers many benefits, including a high reward for signing up along with purchase protection, as well as travel perks. It does have some drawbacks.
The Ink Business Preferred Card may not be perfect. There aren’t any promotional APR deals and the spend limit may not be appropriate for your company. Moreover, it’s not the most generous points-earning program.
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On the other side the Ink Business Preferred Card offers several other valuable features, including liability coverage and primary car rental coverage and a shopping insurance. These perks are perfect for small-scale business owners.
The Ink Business Preferred Card is another excellent method to earn points. If you make purchases in certain categories, you can earn 3 points for every dollar you spend. In this case when you spend $500 on purchases to your card within the first three months, you’ll receive a 100,000-point welcome bonus.
Divvy
If you’re a business owner in search of a business credit card you might want look into Divvy. This type of credit card provides various benefits and features. It also allows you to monitor your business expenses.
Divvy integrates with other accounting software and enables users to quickly view the financial expenses. You can then create budgets, set the limits on spending and request money. It also lets you set an expense limit for your employees.
Divvy also offers a corporate credit card. These cards assess your company’s financial situation and decide on how much you can spend every month. As opposed to traditional business credit card, Divvy does not require an individual guarantee.
However, Divvy does not disclose any interest rates on its website. It is important to find out the interest rate of the company prior to you make an application.
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Chase Ultimate Rewards
Business credit cards can be used to get the most favorable interest rates for business loans, and also provide valuable rewards. For example, a Chase Ultimate Rewards business credit card offers bonus points that can be converted into cash back. Some cards offer rewards for travel and shopping as well as others that can be used to build your credit score.
In addition to the top business credit cards from Chase but there are many other credit card issuers you can choose from. It is important to consider how you will use the credit card. It is essential to locate an enterprise credit card that will meet your specific requirements.
Small business owners will find the Ink Business Preferred(r) Credit Card a great option. The card is a good option for earning rewards for various purchase categories and even will pay for employees’ mobile phone expenses.